HomeMy WebLinkAbout2019-978-12/30/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, 319-291-4323.
RESOLUTION NO. 2019-978
RESOLUTION APPROVING THE ECONOMIC
DEVELOPMENT ASSISTANCE CONTRACT WITH LINCOLN
SAVINGS BANK, OF WATERLOO, IOWA AND THE IOWA
ECONOMIC DEVELOPMENT AUTHORITY, FOR HIGH
QUALITY JOBS PROGRAM-TAX CREDIT COMPONENT
INCENTIVES, 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 Economic Development Assistance Contract dated December 30, 2019, between Iowa
Economic Development Authority, Lincoln Savings Bank of Waterloo and the City of Waterloo,
Iowa, as the local sponsoring community, for state incentives through tax credits up to $957,500,
by creating high quality jobs through their expansion, is hereby approved and the Mayor and City
Clerk are authorized and directed to execute the same on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 30th day of December 2019.
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Quentin Hart, Mayor
ATT1ST:
/ / i /
elley Felchle
City Clerk