HomeMy WebLinkAbout2021-196-04.05.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-196
RESOLUTION APPROVING A BUSINESS PROPERTY
LEASE AGREEMENT WITH IPE1031 REV279, LLC, FOR
PROPERTY LOCATED WEST OF 1318 MARTIN ROAD, FOR
THE GROUND LEASE OF TRACT "B", BROCK THIRD
ADDITION, IN THE AMOUNT OF $1,000 PER YEAR, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Ground Lease Agreement for Tract "B", Brock Third Addition, dated April 5, 2021,
between IPE1031 REV279, LLC and the City of Waterloo, Iowa, for property located at 1318
Martin Road, in the amount of $1,000 per year, to be used for construction staging, is hereby
approved and the Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo.
PASSED AND ADOPTED this 5th day of April 2021.
Qtie,i4;,I 1-{ 4
Quentin Hart, Mayor
ATTEST:
Kelle, �elchle
Kelley Felchle
City Clerk