HomeMy WebLinkAbout1999-346-05.24.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-346
RESOLUTION APPROVING AND AUTHORIZING
EXECUTION OF A DEVELOPMENT AGREEMENT BETWEEN
INTERSTATE BRANDS (WONDER BREAD) AND THE CITY
OF WATERLOO, IOWA.
WHEREAS, Interstate Brands (Wonder Bread) , proposes to build
a 13, 000 square foot building generally located in Lot No. 5
Northeast Industrial Park Plat No. 1, and
WHEREAS, Interstate Brands (Wonder Bread) 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
WHEREAS, the City Council of the City of Waterloo, Iowa, has
considered the Development 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 Development Agreement by and
between Interstate Brands (Wonder Bread) 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 24th day of May, 1999 .
John R. Ro ff, Mayor
ATTEST:
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reiGe/t
Nancy Ecke City Clerk