HomeMy WebLinkAbout2018-365-5/29/2018 Prepared by LeAnn M. Even Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-365
RESOLUTION APPROVING LEASE AGREEMENT WITH
VERVE KOMBUCHA, LLC FOR PROPERTY LOCATED AT
327 W. 3RD STREET (PUBLIC MARKET BUILDING) WITH
MONTHLY LEASE PAYMENTS OF $0 THE FIRST YEAR,
$1,000 THE SECOND YEAR, $2,000 THE THIRD YEAR,
$3,000 THE FOURTH YEAR, $3,833 THE FIFTH YEAR AND
$4,000 FOR YEARS SIX AND SEVEN, FOR A TERM ENDING
JUNE 30, 2025, AND AUTHORIZE THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the Lease Agreement dated May 29, 2018 between Verve Kombucha, LLC and the City of
Waterloo, Iowa for the lease of property located at 327 W. 3rd Street (Public Market Building),
with monthly lease payments of$0 the first year, $1,000 the second year, $2,000 the third year,
$3,000 the fourth year, $3,833 the fifth year and $4,000 for years six and seven, for a term ending
June 30, 2025 be approved, and the Mayor and City Clerk authorized and directed to execute said
document on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 29th day of May 2018.
L
- Quentin Hart, Mayor
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Kelley Felc
City Clerk