HomeMy WebLinkAbout2008-359-5/5/2008 Doc ID: 003983690001 Type: GEN
Kind: RESOLUTION
Recorded: 11/24/2009 at 09:06:53 AM
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Inst ro 200900015592
Black Hawk County Iowa
JUDITH A MCCARTHY RECORDER
Book 1080 Pape 99082 - 99082
File2010-00010497
This�V a� (,�.�-fie►-loa -
esolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2008-359
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH AVITA DEVELOPMENTS LLC 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 May 5, 2008, to develop an
18,000 square foot medical office building on a 6. 5 acre site
generally located at the northwest corner of Donald Street and
East 4th Street, just behind the Logan Plaza Shopping Center,
with a new minimum taxable value of $2, 500, 000 . 00 and tax rebates
for two years at 100 percent, 3rd year at 74 percent, and the
last five years at 50 percent, by and between Avita Developments
LLC 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 5th day of May, 2008 .
---
Tim Hurley, Mayor
ATTEST:
Nancy Ecker
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