HomeMy WebLinkAbout2012-025-1.9.2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-25
RESOLUTION APPROVING FIRST AMENDMENT TO
DEVELOPMENT AGREEMENT WITH AVITA
DEVELOPMENTS, LLC AND DIRECTING EXECUTION OF
SAID AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the First Amendment to the original Development Agreement
dated May 5, 2008 extending the completion date from January 1,
2009 to January 1, 2010 and changing the Minimum
Assessment end date from December 31, 2024 to December 31, 2025,
by and between Avita Developments, LLC and the City of Waterloo,
Iowa, be and the same is hereby approved, and the Mayor and City
Clerk authorized to execute the same in behalf of the City of
Waterloo, Iowa.
PASSED AND ADOPTED this 9th day of January, 2012.
EVfr1 1- a. LQA.rk
Ernest G. Clark, Mayor
ATTEST:
Suzy Schares, CMC
City Clerk