HomeMy WebLinkAbout2021-060-02.01.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-060
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT, TO INCLUDE ADDITIONAL REBATES FOR
FOUR (4) YEARS AT 50% FOR A SHARED DETENTION
SYSTEM, 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 IPE1031 REV279, LLC, in conjunction with the
construction of shared detention system - which will allow for more development of land closer
to Martin Road and utilities, to include additional rebates for four (4) years at 50%, 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 lst day of February 2021.
ATTEST:
Kece, cccce
DIGITALLY
SIGNED
Kelley Felchle
City Clerk
CERTIFICATE
DIGITALLY
SIGNED
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 2021-060, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 1st day of February 2021.
SEAL
Witness my hand and seal of office this 1st day of February 2021
Kece, fccte
DIGITALLY
SIGNED
Kelley Felchle
City Clerk