HomeMy WebLinkAbout2019-588-08/05/2019 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-588
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH VI 2, LLC, (RANDY VANDERSEE), IN CONJUNCTION
WITH REDEVELOPMENT OF A SITE AT THE NORTHWEST
CORNER OF SAN MARNAN DRIVE AND KIMBALL
AVENUE, FOR A 3,000 SQUARE FOOT COMMERCIAL
BUILDING WITH A MINIMUM VALUE OF $330,000, WITH
TAX REBATES OVER AN EIGHT YEAR PERIOD,
AND AUTHORIZE THE MAYOR AND CITY CLERK TO SIGN
AND EXECUTE ALL SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
that the Development Agreement dated August 5, 2019, between VI 2, LLC, (Randy Vandersee)
and the City of Waterloo, Iowa, in conjunction with redevelopment of a site at the northwest
corner of San Marnan Drive and Kimball Avenue, for a 3,000 square foot commercial building
with a minimum value of$330,000, with tax rebates over an eight year period, 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 5th day of August 2019.
Quentin Hart, Mayor
ATTEST.
t111/
Le M. Even,0MC, IaCMC
Deputy City Clerk
CERTIFICATE
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2019-588 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 5th day of August 2019.
Witness my hand and seal of office this 5th day of August 2019.
Le M. Even, C C, IaCMC
— — Deputy City Clerk
SEAL,