HomeMy WebLinkAbout2021-103-02.15.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-103
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH ELIZABETH BLAKE, LLC, FOR AN
APPROXIMATE 3,960 SQUARE FOOT ADDITION LOCATED
AT 2003 WESTFIELD AVENUE (AMERICAN
PATTERN/ZANOTTI ARMOR), AND FOUR (4) YEARS OF
PROPERTY TAX REBATES AT 80 PERCENT AND TWO (2)
YEARS AT 75 PERCENT FOR THE ADDITIONAL VALUE,
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 15, 2021, between Elizabeth Blake, LLC and
the City of Waterloo, Iowa, in conjunction with an approximate 3,960 square foot addition
located at 2003 Westfield Avenue (American Pattern/Zanotti Armor), and four (4) years of
property tax rebates at 80 percent and two (2) years at 75 percent for the additional value, 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 15th day of February 2021.
ATTEST:
Ke/Je, �e/chie
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 2021-103, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 15th day of February 2021.
SEAL
Witness my hand and seal of office this 15th day of February 2021
Kelley �e/ch/e
Kelley Felchle
City Clerk