HomeMy WebLinkAbout2017-142-2/20/2017Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-142
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
BETWEEN CITY OF WATERLOO AND REED PROPERTIES, LLC
FOR THE DEVELOPMENT OF A 10,000 SQUARE FOOT
COMMERCIAL BUILDING, WITH A MINIMUM ASSESSED VALUE
OF $900,000, AND AUTHORIZE THE MAYOR AND CITY CLERK
TO SIGN AND FULLY 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 the City of
Waterloo, Iowa, and Reed Properties, LLC for the development of a 10,000 square foot
commercial building, with a minimum assessed value of $900,000, is hereby approved and 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.
Quentin Hart, Mayor
ATTEST:
elley Fele
City Clerk
e
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 2017-142, 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.
Ke ey Fele f e
City Clerk
SEAL