HomeMy WebLinkAbout2020-896-12.14.2020Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-896
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH LOCKE REALTY, INC., IN
CONJUNCTION WITH A 10,000 SQUARE FOOT EXPANSION
AT 4140 KIMBALL AVENUE, WITH A NEW TAXABLE
VALUE OF $3,586,500 AND INCLUDING FIVE (5) YEARS AT
50 PERCENT TAX REBATES, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement with Locke Realty, Inc., in conjunction with a 10,000 square
foot expansion at 4140 Kimball Avenue, with a new taxable value of $3,586,500 and including
five (5) years at 50 percent tax rebates, 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.
PASSED AND ADOPTED this 14th day of December 2020.
ATTEST:
Vette, --e/cIz/e
DIGITALLY
SIGNED
Kelley Felchle
City Clerk
CERTIFICATE
Quentin Hart, Mayor
I, Kelley Felchle City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2020-896, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 14th day of December 2020.
SEAL
Witness my hand and seal of office this 14th day of December 2020.
Vette, .et'c/ile
DIGITALLY
SIGNED
Kelley Felchle
City Clerk