HomeMy WebLinkAbout2021-548-08.16.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-548
RESOLUTION AUTHORIZING ASSIGNMENT OF REBATES TO
JSA DEVELOPMENT, LLC, IN CONJUNCTION WITH A
DEVELOPMENT AGREEMENT WITH 3 LITTLE LAMBS, LLC,
ORIGINALLY APPROVED ON APRIL 20, 2015 AS MODIFIED
BY AMENDMENTS DATED MAY 16, 2016 AND SEPTEMBER
26, 2016, FOR THE PROPERTY LOCATED AT 1827 BLACK
HAWK STREET, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, 3 Little Lambs entered into a Development Agreement, originally approved
April 20, 2015 and modified by amendments May 16, 2016 and September 26, 2016, with the City
of Waterloo, for the development of property located at 1827 Black Hawk Street, and
WHEREAS, the developer was given tax rebates for the added value of the project, and
WHEREAS, the property has been sold and the Development Agreement states that
assignment of tax rebates is eligible and that the Assignment of Rebates will allow the new owner,
JSA Development, LLC to receive the tax rebates.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Assignment of Rebates for properties located at 1827 Black Hawk
Street, to JSA Development, LLC, are hereby approved.
PASSED AND ADOPTED this 16th day of August 2021.
ATTEST:
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Kelley Felchle, City Clerk
SIG ED
CERTIFICATE
Quentin Hart, Mayor
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2021-548 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 16th day of August 2021.
SEAL
Witness my hand and seal of office this 16th day of August 2021.
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Kelley Felchle, City Clerk