HomeMy WebLinkAbout2018-755-10/8/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-755
RESOLUTION APPROVING AN AMENDMENT TO THE
DEVELOPMENT AGREEMENT WITH BCS PROPERTIES,
LLC, AND GAC REAL ESTATE, LLC, FOR THE
DEVELOPMENT OF LAND GENERALLY DESCRIBED AS
THE NORTHEAST CORNER OF HIGHWAY 63 AND WEST
RIDGEWAY AVENUE, TO AMEND THE START OF THE 15
YEAR PERIOD OF REBATES, AND AUTHORIZE THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
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 BCS
Properties, LLC and GAC Real Estate, LLC and the City of Waterloo, Iowa, in conjunction with
development of land generally described as the northeast corner of Highway 63 and West
Ridgeway Avenue, to amend the start of the 15 year period of 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 8th day of October 2018.
`� wr Quentin Hart, Mayor
y ATTEST: _
VAA
Kelley Fel714e
City Clerk
CERTIFICATE
1, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2018-755, 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.
elley Felchle
City Clerk
SEAL