HomeMy WebLinkAbout2007-1028-12/10/2007 ^�
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Tt�j s� Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Stre`tt, Waterloo, Iowa .
RESOLUTION N0. 2007-1028
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RESOLUTION APPROVING DEVELOPMENT AGREEMENT
E T " WITH JARF LC (FAHR BEVERAGE) AND DIRECTING
o " EXECUTION OF SAID AGREEMENT BY MAYOR.
CDs XC� BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
. tY-tr the Development Agreement dated December 10, 2007 , for a
N 6,F " square foot warehousing addition and 10, 332 square foot
ofg �e addition to the current site generally located at 1369-
1�?E Martin Road, just north of Ridgeway Avenue, with a new
t axa-ble value of $1 . 1 million and tax rebatements for five years
ate �0 percent and the sixth year at 61 percent, by and between
°c J F, LC (Fahr Beverage) of Waterloo, Iowa, and the City of
W elrloo, Iowa, be and the same is hereby approved, and the Mayor
ar.0,. City Clerk authorized to execute the same in behalf of the
Cj-t:� of Waterloo, Iowa .
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PASSED AND ADOPTED this 10th day of December, 2007 .
Tim Hurley, Mayor
ATTEST:
Nancy Ecker CMC
City Clerk
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