HomeMy WebLinkAbout2015-186-3/9/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2015-186
RESOLUTION APPROVING ASSIGNMENT OF REBATES
UNDER PRIOR DEVELOPMENT AGREEMENT WITH BRYAN
NICHOLS FOR PROPERTY LOCATED AT 25 WEST
COMMERCIAL STREET, UNIT #15 .
WHEREAS, Bryan Nichols entered into a Development Agreement
with the City of Waterloo, Iowa for the development of property
located at 25 West Commercial Street, Unit #15, and
WHEREAS, the developer was given tax rebates for the added
value of the project, and
WHEREAS, the property has been sold and the Development
Agreement states that assignment of tax rebates is eligible and
that the Assignment of Rebates will allow the new owner, Kory
Berggren, to receive the tax rebates.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Assignment of Rebates for property
located at 25 West Commercial Street, Unit #15, be and the same is
hereby approved.
PASSED AND ADOPTED this 9th day of March, 2015.
Ernest G. Clark, Mayor
ATTEST:
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SuzyS hares, CMC
City C erk