HomeMy WebLinkAbout1999-073-02.15.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-73
RESOLUTION APPROVING INTERCREDITOR AGREEMENT
WITH BLACK HAWK COUNTY ECONOMIC DEVELOPMENT,
INC. , WATERLOO INDUSTRIAL DEVELOPMENT
ASSOCIATION AND THE IOWA DEPARTMENT OF
ECONOMIC DEVELOPMENT AND DIRECTING EXECUTION
OF SAID AGREEMENT BY MAYOR.
BE IT ' RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Intercreditor Agreement dated February 15, 1999, to share
the city' s security position for Advanced Heat Treat, by and
between Black Hawk County Economic Development, Inc. , Waterloo
Industrial Development Association and the Iowa Department of
Economic Development, and the City of Waterloo, Iowa, be and the
same is hereby approved, and the Mayor authorized to execute the
same in behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 15th day of February, 1999.
John ff, Mayor
ATTEST:
Nancy Ecker , City Clerk