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HomeMy WebLinkAbout2020-51-01/21/2020 Prepared by LeAnn M. Even Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2020-51 RESOLUTION RESCINDING RESOLUTIONS NO. 2017-558 AND 2017-566 ADOPTED ON JULY 17, 2017 FOR A DEVELOPMENT AGREEMENT WITH LK HOLDINGS WATERLOO, LLC DUE TO FAILURE TO MEET STATED DEADLINES OF PROJECT COMMENCEMENT AND COMPLETION AS SPECIFIED WITHIN THE AGREEMENT. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that Resolution No. 2017-558 and Resolution No. 5017-566 adopted on July 17, 2017, for a Development Agreement with LK Holdings Waterloo, LLC, be rescinded due to failure to meet stated deadlines of project commencement and completion as specified within the agreement. PASSED AND ADOPTED this 21st day of January 2020. Quentin Hart, Mayor ATTEST: A_AL � elley Felchle 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 2020-51, as passed and adopted by the Council of the City of Waterloo, Iowa, on the 21st day of January 2020. Witness my hand and seal of office this 21st day of January 2020. � / -lley Felchl-/ City Clerk SEAL _