HomeMy WebLinkAbout2019-16-1-7-19Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-16
RESOLUTION APPROVING AN AMENDMENT TO
DEVELOPMENT AGREEMENT WITH ADVANCED HEAT
TREAT CORP. FOR THEIR EXPANSION IN THE MIDPORT
AREA BY CHANGING THE TAX REBATE SCHEDULE TO
BEGIN AFTER THE INDUSTRIAL TAX CREDIT IS
COMPLETE, 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 January 7, 2019, between Heat Treat
Corporation and the City of Waterloo, Iowa, in conjunction with the expansion in the MidPort
area by changing the tax rebate schedule to begin after the Industrial Tax Credit is complete, 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 7th day of January.
ATTEST:
Kelley Felc
City Clerk
Quentin Hart, Mayor
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 2019-16, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 7th day of January 2019.
Witness my hand and seal of office this 7th day of January 2019.
Kelley Felchle
City Clerk
SEAL