HomeMy WebLinkAbout2017-140-2/20/2017Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-140
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
BETWEEN CITY OF WATERLOO AND BCS PROPERTIES, LLC FOR
THE DEVELOPMENT OF LAND TO OTHER THIRD PARTY
BUSINESSES AND DEVELOPERS, BY OFFERING THE LAND FOR
DEVELOPMENT AT LOW COSTS, FOR THE OVERALL
DEVELOPMENT OF OVER 10 ACRES OF LAND, WITH 15 YEARS
AT 95% TAX REBATES, GENERALLY LOCATED NORTHEAST OF
THE INTERSECTION OF EAST RIDGEWAY AVENUE AND
HIGHWAY 63, AND AUTHORIZE MAYOR AND CITY CLERK TO
EXECUTE ALL NECESSARY DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL, OF THE CITY OF WATERLOO,
IOWA, that the Development Agreement, dated February 20, 2017, between BCS Properties and
the City of Waterloo, Iowa for the development of land to other third party businesses and
developers, by offering the land for development at low costs, for the overall development of
over 10 acres of land, with 15 years at 95% tax rebates, generally located northeast of the
intersection of East Ridgeway Avenue and Highway 63, is hereby approved the Mayor and City
Clerk are authorized and directed to execute the same on behalf of the City of Waterloo.
PASSED AND ADOPTED this 20th day of February 2017.
ATTEST:
elley Felch
City Clerk
Quentin Hart, Mayor
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2017-140, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 20th day of February 2017.
Witness my hand and seal of office this 20th day of February 2017.
Kelley Felc
City Clerk
- SEAL