HomeMy WebLinkAbout2019-412-06/03/2019Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-412
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH SFN REAL ESTATE, LLC FOR THE CONSTRUCTION
OF TWO DATA CENTERS, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
AGREEMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
that the Development Agreement and Minimum Assessment Agreement dated June 3, 2019,
between SFN Real Estate, LLC, and the City of Waterloo, Iowa, for the construction of two data
centers, with a partial tax exemption consistent with CURA designated properties and with a
minimum assessment not less than $200,000 (the Minimum Actual Value), is hereby approved,
and the Mayor and City Clerk are authorized and directed to execute said documents on behalf of
the City of Waterloo, Iowa.
PASSED AND ADOPTED this 3rd day of June 2019.
ATTEST:
Kelley Felci e
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 No. 2019-412 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of June 2019.
SEAL
Witness my hand and seal of office this 3rd day of June 2019.
1
Kelley Fele
City Clerk
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