HomeMy WebLinkAbout2019-315-05/06/2019Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-315
RESOLUTION APPROVING LEASE AGREEMENT WITH A-
LINE ALO, LLC FOR PROPERTY LOCATED 2802-2850
LIVINGSTON LANE FOR THE GROUND LEASE OF 35,000
SQUARE FEET WITH A LEASE RAZ'E OF $364.58 PER
MONTH, FOR A TERM ENDING DECEMBER 31, 2058, AND
RESCINDING RESOLUTION NO. 2019-237, 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 6, 2019 between A -Line ALO, LLC and the City of Waterloo,
Iowa for the ground lease of 35,000 square feet with a lease rate of $364.58 per month, for a term
ending December 31, 2058, is hereby approved and the Mayor and City Clerk are authorized and
directed to execute the same on behalf of the City of Waterloo, Iowa.
BE IT FURTHER RESOLVED, that Resolution No. 2019-237 is hereby rescinded.
PASSED AND ADOPTED this 6th day of May 2019.
ATTEST:
Kelley Felchl
City Clerk
Quentin Hart, Mayor