HomeMy WebLinkAbout2008-207-3/17/2008 xc� >1
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A Ls Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
U deet, Waterloo, Iowa.
s RESOLUTION NO. 2008-207
4
s d RESOLUTION APPROVING DEVELOPMENT AGREEMENT
o rn d WITH W.W. GRAINGER, INC. AND DIRECTING
y EXECUTION OF SAID AGREEMENT BY MAYOR.
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BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated March 17, 2008, to develop a
o 40, 000 square foot professional office building, with a new
minimum taxable value of $5 million, with 100 percent tax rebates
for six years and 49 percent on the seventh year, on 7 . 18 acres
0 o.f property generally located along Fisher Drive in the Country
Club Business Center Second Addition, by and between W.W.
Gtainger, Inc . of Lake Forest, Illinois, and the City of
ffterloo, Iowa, be and the same is hereby approved, and the Mayor
City Clerk authorized to execute the same in behalf of the
e ty of Waterloo, Iowa.
PASSED AND ADOPTED this 17th day of March, 2008 .
Tim Hurley, Mayor
AT'T'EST :
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Nancy Ecke CMC
City Clerk
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Kim
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