HomeMy WebLinkAbout2019-973-12/30/2019 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-973
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT
AGREEMENT WITH PWS HOLDINGS 19 IA, LLC, FOR
PROPERTY LOCATED AT THE NORTHWEST CORNER OF
FALLS AVENUE AND STEPHAN AVENUE, 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 and Minimum Assessment Agreement dated December 30,
2019, between PWS Holdings 19 IA, LLC, of Fargo,North Dakota and the City of Waterloo,
Iowa, for the development of a 5,230 square foot commercial building, located at the northwest
corner of Falls Avenue and Stephan Avenue,with a new taxable value of$2.4 million, is hereby
approved, and the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 30th day of December 2019.
DULMA:514---
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Quentin Hart, Mayor
ATTIST:-
elley Felc -
City Clerk I
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 No. 2019-973 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 30th day of December 2019.
Witness my hand and seal of office this 30th day of December 2019.
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SEAL e ley Fele;
e
City Clerk