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HomeMy WebLinkAbout2003-416-06.16.2003 to H H tt 0 F4 © tr1 QsN � c�v ‹Wiol Piesolution prepared by Nancy Eckert, City Clerk, 715 Mulberry g%,,rr, Waterloo, Iowa. '_' tx1 0 - RESOLUTION NO. 2003-416 S S C X 0 RESOLUTION APPROVING AND AUTHORIZING Q 5 K © EXECUTION OF A DEVELOPMENTAL AGREEMENT t7t BETWEEN WILLIAM C. MICOU, JR. AND THE CITY OF fl WATERLOO, IOWA. agxt WHEREAS, William C. Micou, Jr. proposes to develop 4he Downtown Waterloo Urban Renewal and Redevelopment property Plan `° #0-61, and tx1 IOx WHEREAS, William C. Micou, Jr. and the City of Waterloo, W, feel it is in the best interest of both parties to execute a Developmental Agreement between the parties regarding the development and use of said real estate as well as other matters, and WHEREAS, the City of Waterloo declares that this project qualifies for incentives as authorized under Chapter 15A and Chapter 403 in the Code of Iowa and the Downtown Waterloo Urban Renewal and Redevelopment Plan, and WHEREAS, the City Council of the City of Waterloo, Iowa, has considered the Developmental Agreement, a copy of which is hereto attached, and deems it in the best interest of the City of Waterloo, Iowa, to enter into said Agreement . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, that the Developmental Agreement between William C. Micou, Jr. and the City of Waterloo, Iowa, a copy of which is hereto attached, is hereby approved and the Mayor and City Clerk are hereby authorized to execute said Agreement on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 16th day of June, 2003. John R. aooff, Mayor ATTEST: Nancy Eckertity Clerk