HomeMy WebLinkAbout2007-959-11/13/2007 :v n
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Tho-�,' Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Stet, Waterloo, Iowa.
< -959 N0. 2007-959
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d RESOLUTION APPROVING DEVELOPMENT AGREEMENT
t7x WITH AGM LLC (ACCURATE GEAR) AND DIRECTING
EXECUTION OF SAID AGREEMENT BY MAYOR.
s BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
th4f� the Development Agreement dated November 13, 2007, for
cq� struction of a 17 , 500 square foot expansion to the current
sit g at 2864 Burton Avenue, just south of Airline Highway,
irrj�iding tax rebatements for five years at 50 percent of
$.��, 000 . 00 new taxable value, by and between AGM LLC (Accurate
Gare of Waterloo, Iowa, and the City of Waterloo, Iowa, be and
tl Isame is hereby approved, and the Mayor and City Clerk
au�Elzorized to execute the same in behalf of the City of Waterloo,
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PASSED AND ADOPTED this 13th day of November, 2007 .
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Tim Hurley, Mayor
ATTEST :
Nancy Ecker ., CMC
City Clerk
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