HomeMy WebLinkAbout2008-0973-11/3/2008 7m ¢
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T-his Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
StlZeet, Waterloo, Iowa .
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s RESOLUTION NO. 2008-973
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mm RESOLUTION APPROVING DEVELOPMENT AGREEMENT
H j WITH MAGEE PROPERTIES LC AND DIRECTING
- m - EXECUTION OF SAID AGREEMENT BY MAYOR.
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s `s BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
t the Development Agreement dated November 3, 2008, for
e-onstruction of a 9, 000 square foot building at 3900 Wagner Road,
t north of Airline Highway, with a new added taxable value of
a En2, 170 . 00 and tax rebatements at 50 percent for five years, by
anx� between Magee Properties LC and the City of Waterloo, Iowa,
]fie`and the same is hereby approved, and the Mayor and City Clerk
kifthorized to execute the same in behalf of the City of Waterloo,
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PASSED AND ADOPTED this 3rd day of November, 2008 .
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m Tim Hurley, Mayo
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ATTEST :
Nan y Eck r , CMC
City Cler
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