HomeMy WebLinkAbout2008-183-3/10/2008 :xsm
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3�his Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
�tr�t, Waterloo, Iowa.
T
x RESOLUTION NO. 2008-183
v RESOLUTION APPROVING CEBA FUNDING AGREEMENT
AND PROMISSORY NOTE WITH IOWA DEPARTMENT OF
s ECONOMIC DEVELOPMENT AND A-LINE EDS, INC. AND
s CD
DIRECTING EXECUTION OF SAID AGREEMENT BY
o
IS: MAYOR.
�:
o s r BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
lhat the CEBA Funding Agreement and Promissory Note dated
4 :J�eh 10, 2008 , for a $45 , 000 . 00 loan/forgivable loan for
o investment of over $1 . 2 million in new construction, building
`c ��(iitodeling as well as machinery equipment, including construction
�Of- a new 13 , 488 square foot building at 808 Dearborn Avenue with
w -an estimated construction cost of $400 , 000 . 00 and creation of
Mine new jobs, by and between Iowa Department of Economic
-Development of Des Moines , Iowa, A-Line EDS, Inc . of Waterloo,
'Iow� and the City of Waterloo, Iowa, be and the same is hereby
;4gpi^oved, and the Mayor and City Clerk authorized to execute the
Csina in behalf of the City of Waterloo, Iowa.
u PASSED AND ADOPTED this 10th day of March, 2008 .
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Tim Hurley, M or
ATTEST:
Nancy Ecker CMC
City Clerk
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