HomeMy WebLinkAbout2019-643-08/26/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-643
RESOLUTION APPROVING LEASE AGREEMENT WITH THE
STATE OF IOWA, IOWA ARMORY BOARD, FOR PROPERTY
LOCATED NORTH OF 3106 AIRPORT BOULEVARD, FOR
THE GROUND LEASE OF 8.21 ACRES OF LAND WITH A
LEASE RATE OF $1.00 ANNUALLY, FOR A TERM ENDING
DECEMBER 31, 2069, WITH AN OPTION TO RENEW LEASE
FOR AN ADDITIONAL FIFTY (50) YEAR PERIOD, AND
AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Lease Agreement dated August 26, 2019, between the State of Iowa, represented by the
Iowa Armory Board and the City of Waterloo, Iowa, in the amount of $1.00 annually, in
conjunction with the ground lease of 8.21 acres located north of 3106 Airport Boulevard, is
herebyapproved, andh
the Mayor and CityClerk are authorized and directed to execute the same
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on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 26th day of August 2019.
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Quentin Hart, Mayor
ATTEST.,
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elley Felc
City Clerk I