HomeMy WebLinkAbout2000-567-10.09.2000 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2000-567
RESOLUTION APPROVING AND AUTHORIZING EXECUTION
OF A DEVELOPMENTAL AGREEMENT BETWEEN JAMES M.
LOWN AND THE CITY OF WATERLOO, IOWA.
WHEREAS, James M. Lown proposes to develop property in the
downtown Waterloo Urban Renewal and Redevelopment Plan area, and
WHEREAS, James M. Lown and the City of Waterloo, Iowa, 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 James
M. Lown 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 9tn day of October, 2000.
John R. 'ooff, Mayor / ,
ATTEST:
Nancy Ec rt, City Clerk