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HomeMy WebLinkAbout2019-973 (RECORDED) 11111111111111111111111111111111 Doc ID: 009759170001 Type: GEN Recorded: 02/10/2020 at 04:12:58 PM Fee Amt: $7.00 Page 1 of 1 Black Hawk County Iowa SANDIE L. SMITH RECORDER File2020-00013952 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. • Quentin Hart, Mayor A ESTI .r 1, elley Fele 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 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. ,�'.' g 6//r/A4JL SEAL`, "< elley Felc le • • City Clerk � © (I)