HomeMy WebLinkAbout2007-890-10/15/2007 Th�s,Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
,rpt, Waterloo, Iowa.
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x O o RESOLUTION NO. 2007-890
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J RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH JACKY D. AND GORDANA A. ROSIC AND
H d DIRECTING EXECUTION OF SAID AGREEMENT BY
s c MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
tl,�t the Development Agreement dated October 15, 2007 , for
ki�Z�evelopment of 622 Commercial Street, increasing the taxable
v;afiue from $75, 050 . 00 to $169, 120 . 00 and 100 percent tax
abatements for five years cn the added value of $94, 070 . 00, by
C,° between Jacky D. and Gordana A. Rosic of Waterloo, Iowa, and
City of Waterloo, Iowa, be and the same is hereby approved,
jZ the Mayor and City Clerk authorized to execute the same in
b`�-galf of the City of Waterloo, Iowa .
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C PASSED AND ADOPTED this 15th day of October, 2007 .
ter_
Tim Hurley, Mayo
C
ATTEST:
Nancy EckerCMC
City Clerk _
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