HomeMy WebLinkAbout2021-608-09.07.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-608
RESOLUTION AUTHORIZING ASSIGNMENT OF REBATES
AND DEVELOPMENT GRANT TO 3FI, LLC, IN CONJUNCTION
WITH A DEVELOPMENT AGREEMENT WITH 4FI WATERLOO,
LLC, ORIGINALLY APPROVED ON APRIL 6, 2020, FOR
PROPERTY LOCATED AT 2130 NEWELL STREET, AND
AUTHORIZING THE MAYOR TO EXECUTE SAID DOCUMENT.
WHEREAS, 4FI Waterloo, LLC, entered into a Development Agreement, originally
approved April 6, 2020 with the City of Waterloo, for the development of property located at 2130
Newell 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,
3FI, 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 2130 Newell Street
to 3FI, LLC, are hereby approved.
PASSED AND ADOPTED this 7th day of September 2021.
ATTEST:
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
CERTIFICATE
DIGITALLY
SIGNED
.di
Quentin Hart, Mayor
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify that
the preceding is a true and complete copy of Resolution 2021-607, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 7th day of September 2021.
Witness my hand and seal of office this 7th day of September 2021.
SEAL
ift
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LeAnn M. Even, Deputy City Clerk