HomeMy WebLinkAbout2016-032-1/11/2016 m
Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2016-032
RESOLUTION APPROVING THIRD AMENDMENT AND RESTATED
DEVELOPMENT AGREEMENT WITH CEDAR VALLEY TECHWORKS,
INC. AND FDP WTC, LLC, AUTHORIZING MAYOR TO ACCEPT
ADDITIONAL NON-SUBSTANTIVE CHANGES TO THE DOCUMENT
UPON ADVICE OF COUNSEL AND STAFF AND AUTHORIZE
MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS the original development agreement with Cedar Valley
Techworks, Inc. , was approved on January 30, 2012, amended on
October 13, 2013 and a second amendment was approved on June 22,
2015 .
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Third Amendment and Restated Development Agreement dated
January 11, 2016, between Cedar Valley Techworks, Inc: , FDP WTC,
LLC and the City of Waterloo, Iowa for the issuance of bonds and
construction of the hotel and training center building at the
Tech II site, is hereby approved and the Mayor and City Clerk are
authorized to execute the same on behalf of the City of Waterloo,
Iowa.
PASSED AND ADOPTED this 11th day of January 2016.
Quentin Hart, Mayor
ATTEST:
Suzy c ares, CMC
City Clerk
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