HomeMy WebLinkAbout2008-596-7/7/2008 -� - IIIII IIII IIIIIIIIIIII II IIII 111111 11 1111 111 11 11
Doc ID: 003983710001 Type: GEN
Kind: RESOLUTION
Recorded: 11/24/2009 at 09:07:53 AM
Fee Amt: $9.00 Page 1 of 1
Instr# 200900015594
Black Hawk County Iowa
JUDITH A MCCARTHY RECORDER
Book 1080 Page 99093 - 99093
File2010_00010499
ThisR
esolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2008-596
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH CORSTANG ENTERPRISES LLC (CRAFT COCHRAN)
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 July 7, 2008, for
development of a 15, 500 square foot building with a new minimum
taxable value of $1, 015, 970 . 00 on a 1 . 5 acre site generally
located at the southeast corner of Titan Trail and Cyclone Drive,
including a city grant in the amount of $196, 020 . 00 to purchase
1. 5 acres of land and tax rebates for five years at 50 percent,
by and between Corstang Enterprises LLC (Craft Cochran) 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 7th day of July, 2008 .
�!J
Tim Hurley, Mayor
ATTEST:
Nancy Ecke t CMC
City Clerk
.,Y ..