HomeMy WebLinkAbout2015-563-7/13/2015 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-563
RESOLUTION ADOPTING A DEVELOPMENT AGREEMENT WITH
ENDEAVORS LTD, LLC, TO AMEND NEW LOCATION,
INCREASE NEW TAXABLE VALUE TO $1, 000, 000 . 00, ADD
TAX REBATES FOR FIVE YEARS AT 50 PERCENT, AND
CHANGE DATES DUE TO NEW TIMELINE OF PROJECT, AND
AUTHORIZE MAYOR AND CITY CLERK TO EXECUTE
DOCUMENTS .
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, that
the Development Agreement dated July 13, 2015 between Endeavors
Ltd, LLC and the City of Waterloo, Iowa to amend new location,
increase new taxable value to $1, 000, 000 . 00, add tax rebates for
5 years at 50 percent, and change dates due to new a new timeline
for the project, is hereby approved and the Mayor and City Clerk
are authorized and directed to execute said agreement on behalf
of the City of Waterloo.
PASSED AND ADOPTED this 13th day of July 2015 .
Ernest G. Clark, Mayor
ATTEST:
SuzyS hares, CMC
City Cl rk