HomeMy WebLinkAbout2021-068-02.01.2021Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-068
RESOLUTION APPROVING AN AMENDMENT TO A
DEVELOPMENT AGREEMENT WITH BLACK HAWK
CONTRACTING AND DEVELOPMENT, CO., OF
WATERLOO, IOWA, ORIGINALLY EXECUTED FEBRUARY
17, 2014, TO REASSIGN THE AGREEMENT TO
PARAMOUNT INVESTMENTS, LLC, AND MODIFYING THE
REBATES FOR YEARS ONE (1) THROUGH THREE (3), FOR
THE PROJECT LOCATED AT 301-311 E. 3RD STREET, 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 dated February 1, 2021, between Black Hawk Contracting and
Development, Co., and the City of Waterloo, Iowa, originally executed on February 17, for the
project located at 301-311 E. 3rd Street be amended to reassign the agreement to Paramount
Investments, LLC, and modifying the rebates for years one (1) through three (3), and authorizing
the Mayor and City Clerk to execute said document on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 1st day of February 2021.
ATTEST:
Kelley �elchle
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 2021-068, 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.
Keith, �elchte
Kelley Felchle
City Clerk