HomeMy WebLinkAbout2004-210-04.12.2004 S N
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'ham solution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Fptoe , Waterloo, Iowa.
H
td+ RESOLUTION NO. 2004-210
O CDO RESOLUTION APPROVING DEVELOPMENT AGREEMENT
o t 0 WITH DENSO INTERNATIONAL AMERICA INC. AND
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DIRECTING EXECUTION OF SAID AGREEMENT BY
MAYOR.
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ti tr' RE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
cth "tdthe Development Agreement dated April 12 , 2004, to sell and
corky for $1 . 00 approximately 6 . 5 acres of land in the Martin
RoalHndustrial Park to build a 36, 000 sq. ft . facility generally
load at the northwest corner of Ridgeway Avenue and Martin
RoP, with tax rebates for five years at 30 percent and minimum
as, ment of $1, 200, 000 . 00 with the city to provide sanitary
sewed, waterworks front footage charge and grading estimated at
$44 ppo , by and between Denso International America Inc . , and the
Cit„.y of Waterloo, Iowa, be and the same is hereby approved, and
theyor authorized to execute the same in behalf of the City of
Wat40loo, Iowa.
sEASSED AND ADOPTED this 12th day of April, 2004 .
O
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/mot
Tim Hur ey, ayor
ATTEST:
Nancy Eckert, City Clerk