HomeMy WebLinkAbout2009-647-07/06/2009 - ms
N
O
H CT1
O n
sE"
s
b" CJ
tr
m
T Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Stet, Waterloo, Iowa.
o r E
Htri
o RESOLUTION NO. 2009-647
o 0 RESOLUTION APPROVING DEVELOPMEN°? AGREEMENT
WITH LAFORGE LLC AND DIRECTING EXECUTION OF
p
SAID AGREEMENT BY MAYOR.
• rn H
v, H BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
t.4'V the Development Agreement dated July 6, 2009, for
o-' cons~truction of a new 15, 500 square foot facility at the
cc 4- R sout�-- east corner of Airline Highway and the proposed Geraldine
o,4 with a new taxable value of $1 . 8 million, including a city
eco1mic grant in the amount of $214, 400 . 00 for the purchase of
property, and 50 percent tax rebates for eight years, by and
be Oen LaForge LLC of Waterloo, Iowa and the City of Waterloo,
Iowa, be and the same is hereby approved, and the Mayor and City
C1764 authorized to execute the same in behalf of the City of
Wa rloo, Iowa.
c PASSED AND ADOPTED this 6th day of July, 2009 .
im Hur ey, ayor
ATTEST:
Nancy Ecke CMC
City Clerk