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HomeMy WebLinkAbout2019-765-10/07/2019 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2019-765 RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT WITH CEDAR VALLEY REAL ESTATE, LLC, OF WATERLOO, IOWA, ORIGINALLY SIGNED ON JANUARY 22, 2019 FOR THE RENOVATION OF 300 COMMERCIAL STREET, TO CHANGE THE COMPLETION TIMELINE TO TWENTY-FOUR(24) MONTHS, 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 between Cedar Valley Real Estate, LLC, and the City of Waterloo, Iowa, originally executed on January 22, 2019, for the renovation of 300 Commercial Street, be amended to change the completion timeline to twenty-four (24) months, 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. L is h 1 Quentin Hart, Mayor ATTEST: Kelley Fels e 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. �SEAI — Kelley Felchl- City Clerk