HomeMy WebLinkAbout2008-676-8/11/2008 � n �
tis
sx �
Hn �
off
c �
¢ sc
This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
�tV-t, Waterloo, Iowa.
N s ¢ RESOLUTION NO. 2008-676
c r_� s
7 d RESOLUTION APPROVING DEVELOPMENT AGREEMENT
� d
H d WITH CARDINAL CONSTRUCTION INC. AND DIRECTING
o EXECUTION OF SAID AGREEMENT BY MAYOR PRO TEM.
s ti ra
on
N rrF• BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
111-4
t the Development Agreement dated August 11, 2008, for
NgeVelopment of a 5, 300 square foot professional office building
o and a 3, 840 square foot professional office building in the
00 Pq_ntry Club Business Center between Tower Park Drive and Fisher
��:-i ve, with a new minimum taxable value of $2, 301, 724 . 30
�� �rtcluding tax rebates for seven years at 100 percent and an 8th
° jzor at 80 percent for repayment of the land purchase, by and
P�et ween Cardinal Construction Inc. of Waterloo, Iowa, and the
City of Waterloo, Iowa, be and the same is hereby approved, and
4e Mayor Pro Tem and City Clerk authorized to execute the same
behalf of the City of Waterloo, Iowa .
d PASSED AND ADOPTED this 11th day if: August, 2008 .
a;
N tri
s Reggie Schmitt, Mayor Pro Tem
ATTEST:
Nancy Ecke t, CMC
City Clerkv