HomeMy WebLinkAbout2020-530-07.13.2020(RECORDED) IIIIIIIIIL��III�I�IIllII ����Ihll IIIII II IIIIIII IIII
Doc ID: 010006760002 Type: GEN
Recorded: 11/20/2020 at 03:19:57 PM
Fee Amt: $12.00 Page 1 of 2
Black Hawk County Iowa
SANDIE L. SMITH RECORDER I�
File2021-00011024
*Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-530
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH 5BEES, LLC
FOR THE CONSTRUCTION/REHABILITATION OF FOUR
PHASES OF PROJECTS TOTALING 14,500 SQUARE FEET OF
COMMERCIAL BUILDINGS AND $800,000 IN NEW
TAXABLE VALUE, WITH A GRANT OF $120,000 FOR THE
MULTIPLE PHASES, AND RESCINDING THE PREVIOUS
DEVELOPMENT AGREEMENT WITH 3 LITTLE LAMBS,
LLC, EXECUTED ON FEBRUARY 17, 2020, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated July 13, 2020, between 5Bees, LLC and the City of
Waterloo, Iowa, for the construction/rehabilitation of four phases of projects totaling 14,500
square feet of commercial buildings and$800,000 in new taxable value,with a grant of$120,000
for the multiple phases, is hereby approved, and the Mayor and City Clerk are authorized and
directed to execute said document on behalf of the City of Waterloo, Iowa.
BE TT FURTHER RESOLVED, that the previous Development Agreement with 3 Little
Lambs, LLC, originally executed on February 17,2020,be rescinded in its entirety.
PASSED AND ADOPTED this 13th day of July 2020.
Quentin Hat -=,'
Quentin Hart, Mayor
ATTEST:
-Pe.4-I, c Veiv
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
Resolution 2020-530
Page 2
CERTIFICATE
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2020-530 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the I3`h day of July 2020.
Witness my hand and seal of office this 13th day of July 2020.
-Po uu/12. c Ye#v
LeAnn M. Even, CMC, IaCMC
SEAL Deputy City Clerk
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