HomeMy WebLinkAbout2008-360-5/5/2008 r
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'Ib€3 -Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
qr`-teEt, Waterloo, Iowa.
V RESOLUTION NO. 2008-360
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CD RESOLUTION APPROVING AMENDMENT TO MASTER
o
< DEVELOPMENT AGREEMENT WITH NCN, LIMITED
H FTI s COMPANY AND DIRECTING EXECUTION OF SAID
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AGREEMENT BY MAYOR.
s s BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
c that the amendment to Master Development Agreement dated May 5,
2-OH, for the redevelopment of the former Winterbottom Supply
CD B"u�t ding generally located at 25 Westfield Avenue, to allow seven
cc yjear tax rebates without full value in place, on a partial value
avid further development occurring beyond original completion date
T wl be eligible for no more than seven years, by and between
ffCbL, Limited Company of Waterloo, Iowa, and the City of Waterloo,
J�pw_a, be and the same is hereby approved, and the Mayor and City
G-1 e�Xk authorized to execute the same in behalf of the City of
Vlat-erloo, Iowa .
s PASSED AND ADOPTED this 5th day of May, 2008 .
SC
E� t-
r r Tim Hurley, May
ATTEST:
Nancy Eckert, CMC
City Clerk
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