HomeMy WebLinkAbout2015-383-5/26/2015r -
Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-383
RESOLUTION APPROVING SECOND AMENDMENT TO
DEVELOPMENT AGREEMENT WITH CONAGRA FOODS PACKAGED
FOODS COMPANY, INC. FOR THE $10, 000, 000 THIRD
PHASE AT THE EXISTING CON AGRA FOODS SITE ON
MIDPORT BOULEVARD - ADDING A $600, 000 GRANT AMOUNT
FOR INFRASTRUCTURE IMPROVEMENTS, NOTING THE
EXCERCISE OF THE OPTION LAND, EXCLUSION OF LAND
FOR TREATMENT FACILITY, CITY EXTENSION OF MIDPORT
BOULEVARD, AND AUTHORIZE MAYOR TO SIGN AND FULLY
EXECUTE THE DOCUMENT.
WHEREAS _ the development agreement with ConAgra Foods
Packaged Foods Company, Inc. , dated May 14, 1997, was amended by
an amendment dated May 8, 2006 and recorded as Doc. No. 2006-
29335, and
WHEREAS, proposed second amendment amends the original
Development Agreement with Con Agra Foods for incentives for the
Phase III expansion at their site at 2701 MidPort Boulevard.
This incentive package and resolution shall also act as local
support for their application to IEDA for State incentives for
same project .
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that and the second amendment, dated May 26, 2015, for the third
phase at the existing ConAgra Foods Site on Midport Boulevard,
adding a $600, 000 grant amount for infrastructure improvements,
noting the exercise of the option land, exclusion of land for a
treatment facility, and the extension of Midport Boulevard by the
City of Waterloo, between ConAgra Foods Packaged Foods Company,
Inc. of Waterloo, Iowa and the City of Waterloo, Iowa be hereby
approved and the Mayor is authorized to execute the same on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 26th day of May 2015 .
/"W ,-� �
Ernest G. Clark, Mayor
ATTEST:
uzy chares, CMC
City lerk