HomeMy WebLinkAbout2002-434-07.22.2002 tr1wo
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Q;Th s Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
c; treet, Waterloo, Iowa.
N S RESOLUTION NO. 2002-434
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o RESOLUTION APPROVING AND AUTHORIZING
o < tr H EXECUTION OF A DEVELOPMENTAL AGREEMENT
Cit E.+ BETWEEN GRAY TRANSPORTATION AND THE CITY OF
WATERLOO.
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WHEREAS, Gray Transportation proposes to construct a
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, building consisting of approximately 18, 000 square feet on
L-4p'. oerty generally located in the Northeast Industrial Park Plat
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-A WHEREAS, Gray Transportation and the City of Waterloo, Iowa,
feel it is in the best interest of both parties to execute a
Development 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
Gray Transportation 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 22nd day of July, 2002 .
John Ro*ff, Mayor
ATTEST:
Nancy Ecker_ City Clerk