HomeMy WebLinkAbout2017-0993-12/4/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-993
RESOLUTION APPROVING APPOINTMENT OF SPECIAL
COUNSEL TO REVIEW THE DEVELOPMENT
AGREEMENTS WITH LK WATERLOO, LLC FOR
PROPERTIES LOCATED AT 200 W. 4TH STREET
(CONVENTION CENTER) AND 205 W. 4TH STREET
(RAMADA HOTEL)..
WHEREAS,the City of Waterloo entered into development agreements with LK
Waterloo, LLC, for properties located at 200 W. 4th street(convention center) and 205 w. 4th
Street(Ramada Hotel) on July 17, 2017, and
WHEREAS, it is the determination of this council that the development agreements with
LK Waterloo, LLC require additional review.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO,IOWA, AS FOLLOWS:
1. That a special council shall be appointed to review the development agreements and
any supporting documentation to ensure the agreements are in accordance with state laws and
city policies.
2. That said special counsel shall provide the City Council of the City of Waterloo with a
report of its findings.
PASSED AND ADOPTED this 4th day of December 2017.
Quentin Hart, Mayor
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Kelley Felchl
City Clerk