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HomeMy WebLinkAbout2017-437-6/5/2017Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2017-437 RESOLUTION APPROVING AMENDMENT TO DEVELOPMENT AGREEMENT WITH DEER CREEK AND CITY OF WATERLOO, APPROVED SEPTEMBER 26, 2016, FOR THE REPAYMENT OF INFRASTRUCTURE FUNDS IN GREENBELT CENTER TO CHANGE SECTION 4 FROM 180 DAYS TO 360 DAYS, 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 a Development Agreement dated September 26, 2016, between Deer Creek and the City of Waterloo, Iowa, for the repayment of infrastructure funds in Greenbelt Center, be amended by changing Section 4 from 180 days to 360 days to allow for finalization of legal documents, is hereby approved and the Mayor and City Clerk are authorized and directed to execute the same on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 5th day of June 2017. ATTEST: Kelley F City Cler hle Quentin Hart, Mayor