HomeMy WebLinkAbout2015-736-9/14/2015 Prepared by.. Kelley Felchle, Deputy City Clerk, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2015-736
RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH
PRAIRIE LEGACY VENTURES, LLC (HAWKEYE STAGES) FOR
THE CONSTRUCTION OF A 15, 000 SQ. FT. INDUSTRIAL
BUILDING (PHASE I) AND A 15, 000 SQ. FT. EXPANSION
(PHASE II) GENERALLY LOCATED AT THE INTERSECTION
OF HIGHWAY 63 AND RIDGEWAY AVENUE, ADDING $1 . 2
MILLION AND $1 . 0 MILLION IN TWO PHASES -TO THE
SITE, AND AUTHORIZE MAYOR TO EXECUTE SAID
AGREEMENT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO,
IOWA, the Development Agreement dated September 14, 2015
Prairie Legacy Ventures, LLC (Hawkeye Stages) , and the City of
Waterloo, Iowa, for the construction of a 15, 000 sq. ft .
industrial building (Phase I) and a 15, 000 sq. ft . expansion
(Phase II) , generally located at the intersection of Highway 63
and Ridgeway Avenue, adding $1 . 2 Million and $1 . 0 Million in
two phases to the site with 5 years of tax rebates at thirty
percent, is hereby approved and the Mayor is authorized and
directed to execute the same on behalf of the City of Waterloo,
Iowa.
PASSED AND ADOPTED this 14th da f September 2015 .
Ernest G. C ark, Mayor
ATTEST:
Li
Kelley Fel hle,
Deputy Ci Clerk
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