HomeMy WebLinkAbout2005-1097-12.12.2005 v :v7.1
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-: i Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
S`teet, Waterloo, Iowa.
-1 RESOLUTION NO. 2005-1097
A
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
c WITH CEDAR VALLEY RESTORATION AND DEVELOPMENT
:71 (DAVID DEEDS) AND DIRECTING EXECUTION OF SAID
AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
• -t-nat the Development Agreement dated December 12, 2005, for the
<ceuelopment of the Eastside Riverfront Housing to transfer for
$1 . 0 property generally bounded by Sycamore Street, East 8th
N -Street, the flood dike along the Cedar River and the Union
. Pacific Railroad, with requirement to build a minimum of 40 units
with an absorption rate of at least six units per year and tax
rebatements for 10 years, by and between Cedar Valley Restoration
,_ and Development (David Deeds) , 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 Waterloo, Iowa.
i PASSED AND ADOPTED this 12th day of December, 2005 .
Tim Hurley, May r
ATTEST:
Nancy Eckert, C1vIC
City Clerk