HomeMy WebLinkAbout2018-139-3/5/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-139
RESOLUTION DEVELOPMENT AGREEMENT WITH CRF
RENTALS, LLC FOR THE DEVELOPMENT OF A 5,000
SQUARE FOOT COMMERCIAL BUILDING WITH A VALUE
NO LESS THAN $282,000, OFFERING PROPERTY TAX
REBATES OF YEAR ONE THROUGH YEAR THREE FOR 70%
AND YEAR FOUR THROUGH YEAR SEVEN FOR 65%, AND
AUTHORIZE MAYOR TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated March 5, 2018 between CRF Rentals, LLC and the City
of Waterloo, Iowa, for the development of property located in the Martin Road area, with the
development of a 5,000 square foot commercial building with a value no less than $282,000,
offering property tax rebates of year one through year three for 70% and year four through year
seven for 65%, is hereby approved, and the Mayor is authorized and directed to execute said
agreement on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 5th day of March 2018.
Quentin Hart, Mayor
ATTLIST
K lley Felce
City Clerk
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 2018-139, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 5th day of March 2018.
Witness my hand and seal of office this 5th day of March 2018.