HomeMy WebLinkAbout2018-599-8/13/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-599
RESOLUTION APPROVING A DEVELOPMENT AGREEMENT
WITH DAHLSTROM REAL ESTATE, LLC, FOR THE
CONSTRUCTION OF A NEW 200,000 SQUARE FOOT
WAREHOUSE, WITH AN ESTIMATED NEW TAXABLE
VALUE OF $8,022,830, WITH 10 YEARS AT 50% TAX
REBATES, AND AUTHORIZE THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Development Agreement dated August 13, 2018, between Dahlstrom Real
Estate, LLC and the City of Waterloo, Iowa, for the construction of a new 200,000 square foot
warehouse, with an estimated new taxable value of$8,022,830, with 10 years at 50%tax rebates,
is hereby approved, and the Mayor and City Clerk are authorized and directed to execute said
document on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 13th day of August 2018.
Quentin Hart, Mayor
ATTEST,'
Kelley Felchl
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 2018-599, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 13th day of August 2018.
Witness my hand and seal of office this 13th day of August 2018.
r
Kelley Felchl
City Clerk
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