HomeMy WebLinkAbout2021-295-05.03.2021Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-295
RESOLUTION APPROVING AN AMENDMENT TO A
DEVELOPMENT AGREEMENT WITH PRAIRIE LEGACY
VENTURES, LLC, SELECTING THE OPTION TO PURCHASE
IN THE REVERSIONARY WORDING, TO PAY CITY OF
WATERLOO $209,088, 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 Amended Development Agreement dated May 3, 2021, between Prairie Legacy
Ventures, LLC, and the City of Waterloo, Iowa, to an agreement originally executed on
September 14, 2015, selecting the option to purchase in the reversionary wording, to pay the City
of Waterloo $209,088, is hereby approved, and authorizing the Mayor and City Clerk to execute
said document on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 3rd day of May 2021.
ATTEST:
Kelley 7-elchie
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 2021-295, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 3rd day of May 2021.
SEAL
Witness my hand and seal of office this 3rd day of May 2021.
Ke//ee 1--e/chile
Kelley Felchle
City Clerk