HomeMy WebLinkAbout2012-527-05/29/2012 Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-527
RESOLUTION APPROVING AMENDMENT TO DEVELOPMENT
AGREEMENT AND AMENDMENT TO MINIMUM ASSESSMENT
AGREEMENT WITH FEPH-ACQUISITIONS FUND II, LLC
AND IOWA CVS PHARMACY, L.L.C.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA:
That the Amendment to Development Agreement and Amendment to
Minimum Assessment Agreement for the development of a new CVS
Pharmacy located at the northeast corner of Highway 63 and
Franklin Street, to change parties involved, adding Iowa CVS
Pharmacy L.L.C. , changing square footage from 13, 000 to 13, 225,
changing the date of vacate from February 27, 2012 to June 15,
2012, removing reversion language for street conveyance, and.
changing notice mailing with new LLC wording, be and is hereby
accepted.
The Mayor and City Clerk are hereby directed to execute the
Amendment to Development Agreement and Amendment to Minimum
Assessment Agreement with FEPH-Acquisitions Fund II, LLC and Iowa
CVS Pharmacy, L.L.C.
PASSED AND ADOPTED this 29th day of May, 2012 .
7 °411
E est G. Clark, Mayor
ATTEST:
Suzy Sc ares, CMC
City Clerk