HomeMy WebLinkAbout2008-07-1/7/2008 � n
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Z-hI5 Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
'S�eet, Waterloo, Iowa .
RESOLUTION NO. 2008-7
I
o M RESOLUTION APPROVING DEVELOPMENT AGREEMENT
d WITH MAKO WATERLOO CORPORATION AND DIRECTING
H EXECUTION OF SAID AGREEMENT BY MAYOR.
O T �
s BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
s
O -r'that the Development Agreement dated January 7, 2008, for sale
. � conveyance of the Rath Administration Building located at
535 Sycamore Street for $1 . 00 to allow for restoration and
o re-habilitation, with ten years tax rebatements at 100 percent
00 �h minimum assessed value of $2, 250, 000 . 00 for 20 years, by and
�; � ween MAKO Waterloo Corporation of Waterloo, Iowa, and the City
as Waterloo, Iowa, be and the same is hereby approved, and the
mayor and City Clerk authorized to execute the same in behalf of
F City of Waterloo, Iowa .
a PASSED AND ADOPTED this 7th day of January, 2008 .
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H Tim Hurley, Mayo
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ATTEST :
Nancy EckeCMC
City Clerk
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