HomeMy WebLinkAbout2012-886-9/4/2012 Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703 .
RESOLUTION NO. 2012-886
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH CEDAR VALLEY WAREHOUSE, LLC OF WATERLOO,
IOWA AND DIRECTING EXECUTION OF SAID
AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated September 4, 2012, for the
construction of a 40, 000 square foot industrial building in the
Airport TIF District, adding $1, 200, 000 . 00 of taxable value to
the site, and offering tax rebates for 5 years at 50 percent,
plus a grant to purchase property for $221, 350 . 00, by and between
Cedar Valley Warehouse, LLC of Waterloo, Iowa and the City of
Waterloo, Iowa, be and the same is hereby approved, and the Mayor
and City Clerk authorized to execute the same in behalf of the
City of Waterloo, Iowa .
PASSED AND ADOPTED this 4th day of September, 2012 .
.7
rnest G. Clark, Mayor
ATTEST :
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