HomeMy WebLinkAbout2009-920-09/15/2009 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2009-920
RESOLUTION APPROVING AMENDMENT TO DEVELOPMENT
AGREEMENT WITH CRYSTAL DISTRIBUTION SERVICES,
INC. AND DIRECTING EXECUTION OF SAID AMENDMENT
BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the amendment to the Development Agreement dated September 14,
2009, to expand the tax rebates from ten years at 50 percent to ten
years at 70 percent as part of the construction of a new cold
storage warehouse expansion in the Rath area, with an increased
taxable value to the area of at least $3, 000, 000 . 00, by and between
Crystal Distribution Services, Inc . of Waterloo, Iowa and the City
of Waterloo, Iowa, be and the same is hereby approved, and the
Mayor and City Clerk authorized to execute the same in behalf of
the City of Waterloo, Iowa.
PASSED AND ADOPTED this 14th day of September, 2009 .
Tim Hurley, M or
ATTEST:
Nancy Ecke CMC
City Clerk