HomeMy WebLinkAbout2014-843-09/22/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2014-843
RESOLUTION APPROVING RIVERFRONT STADIUM LEASE
AGREEMENT WITH THE WATERLOO BALL CLUB, LLC
AND NORTHWOODS LEAGUE INC. AND DIRECTING
EXECUTION OF SAID AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Waterloo Riverfront Stadium Lease Agreement dated
September 22, 2014, at a cost of $1, 250 . 00 per month commencing
October 1, 2014, with monthly rent to increase to $1, 325. 00 on
October 1, 2017 and to $1, 425 . 00 on October 1, 2020, to include a
5-year renewal option with monthly rent to increase to $1, 525 . 00
on October 1, 2024, by and between the Waterloo Ball Club, LLC,
the Northwoods League Inc. 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 22nd day of September, 2014 .4Er est G. Clark, Mayor
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ATTEST:
Suzy Sch res, CMC
City Cler