HomeMy WebLinkAbout2017-812-10/2/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-812
RESOLUTION APPROVING A LEASE AGREEMENT WITH
BMC AGGREGATES, L.C. FOR PROPERTY LOCATED
SOUTH OF 2465 WAGNER ROAD FOR EXTRACTION OF
SAND AND GRAVEL WITH 3% ROYALTY PAYMENTS OF
MATERIALS SOLD WITH A MINIMUM ANNUAL PAYMENT
OF $5,000 FOR A TERM ENDING DECEMBER 31, 2028, AND
AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the lease agreement dated October 2, 2017 between BMC Aggregates, L.C. and the City of
Waterloo, Iowa, for property located south of 2465 Wagner Road, for extraction of sand and
gravel with 3%royalty payments of materials sold with a minimum annual payment of$5,000 for
a term ending December 31, 2028, is hereby approved and the Mayor and City Clerk are
authorized and directed to execute said document on behalf of the City of Waterloo.
PASSED AND ADOPTED this 2nd day of October 2017.
Quentin Hart, Mayor
ATTEST:
el ey Felch
City Clerk
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