HomeMy WebLinkAbout2019-764-10/07/2019 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-764
RESOLUTION APPROVING AN AMENDMENT TO THE
DEVELOPMENT AGREEMENT WITH HARTEL
PROPERTIES, LLC, ORIGINALLY SIGNED ON AUGUST 5,
2019, TO PROVIDE TAX REBATES OF 90 PERCENT, 75
PERCENT AND 60 PERCENT FOR A THREE YEAR TIME
PERIOD, LOCATED NORTH OF 3105 AIRPORT
BOULEVARD, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement executed between Hartel Properties, LLC, and the City of
Waterloo, Iowa, on August 5, 2019, for development of a 9,800 square foot dog daycare building,
be amended and approved to provide tax rebates of 90 percent, 75 percent and 60 percent for a
three year time period, for the property located north of 3105 Airport Boulevard, and authorize
and direct the Mayor and City Clerk to execute said document on behalf of the City of Waterloo,
Iowa.
PASSED AND ADOPTED this 7th day of October 2019.
Quentin Hart, Mayor
ATTEST:
/ //i
Kelley Fel/le
City Clerk
CERTIFICATE
I, Kelley Felchle City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2019-764, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 7th day of October 2019.
Witness my hand and seal of office this 7th day of October 2019.
-`SEAQ — Kelley Felchle/ W
— City Clerk