HomeMy WebLinkAbout2018-753-10/8/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-753
RESOLUTION APPROVING AN AMENDMENT TO
DEVELOPMENT AGREEMENT WITH DAHLSTROM
DEVELOPMENT, LLC FOR A NEW 200,000 SQUARE FOOT
WAREHOUSING BUILDING IN THE MIDPORT AREA BY
CHANGING THE TAX REBATE SCHEDULE FROM 10
YEARS AT 50% TO 10 YEARS AT 70%, AND AUTHORIZE
THE MAYOR AND CITY CLERK TO EXECUTE ALL
NECESSARY PAPERWORK.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that an Amendment to the Development Agreement dated October 8, 2018, between Dahlstrom
Development, LLC and the City of Waterloo, Iowa, in conjunction with the construction of anew
200,000 square foot warehousing building in the MidPort area, by changing the tax rebate
schedule from 10 years at 50% to 10 years at 70%, 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 81h day of October 2018.
Quentin Hart, Mayor
ATT£ST: -
elley Felle
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 2018-753, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 8th day of October 2018.
Witness my hand and seal of office this 8th day of October 2018.
Kelley Fele
y City Clerk
SEAL--