HomeMy WebLinkAbout2005-190-03.07.2002 H
:This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
d RESOLUTION NO. 2005-190
C
RESOLUTION APPROVING AGREEMENT WITH WATERLOO
CZ
DEVELOPMENT CORPORATION AND DIRECTING
M n EXECUTION OF SAID AGREEMENT BY MAYOR.
N n
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the agreement dated March 7, 2005, to finance the purchase
f the funeral home at 324 and 400 Commercial Street at a cost of
I90, 000 . 00, the NAPA Building at 207 West 3rd Street at a cost
of $78, 500 . 00 and the Veterinary Clinic at 400 Commercial Street
a cost of $189, 500 . 00 plus the appraisal cost of $3, 750 . 00,
• cluding demolition of buildings at an estimated cost of
$60, 000 . 00 at 3 percent interest until closing, by and between
`iaterloo Development Corporation of Waterloo, Iowa, and the City
' -' -of. Waterloo, Iowa, be and the same is hereby approved, and the
Mayor authorized to execute the same in behalf of the City of
o 141, terloo, Iowa.
= PASSED AND ADOPTED this 7th day of March, 2005.
c„ tri
Tim Hurley, ayor
ATTEST:
ti)
Nancy Ecker CMC
City Clerk