HomeMy WebLinkAbout2014-583-07/07/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-583
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH HOWARD L. ALLEN INVESTMENTS, INC. OF
CEDAR FALLS, IOWA AND DIRECTING EXECUTION OF
SAID AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated July 7, 2014, for the sale
and conveyance of a portion of the La Porte Road frontage road,
generally located between Easton Avenue and Lorraine Avenue, for
$1. 00 plus costs, for the construction of a 3, 750 square foot
commercial building, adding $300, 000 . 00 of taxable value to the
site, by and between Howard L. Investments, Inc. of Cedar Falls,
Iowa 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 7th day of July, 2014 .
E i�estG. Clark, Mayor
ATTEST:
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uzy Sch res, CMC
City Clerk