HomeMy WebLinkAbout1999-659-09.23.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-659
RESOLUTION APPROVING AND AUTHORIZING
EXECUTION OF A DEVELOPMENTAL AGREEMENT
BETWEEN MAIN STREET WATERLOO D.B.A. CEDAR
SKYLINE CORPORATION AND THE CITY OF WATERLOO.
WHEREAS, Main Street Waterloo d.b.a. Cedar Skyline
Corporation proposes to develop property in the Downtown Urban
Renewal and Redevelopment Plan Area, and
WHEREAS, Main Street Waterloo d.b.a. Cedar Skyline
Corporation 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 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
Main Street Waterloo d.b.a. Cedar Skyline Corporation 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 23rd day of September, 1999 .
111 Jo R. ooff, Mayor
ATTEST:
Nan Ec rt, Ci y Clerk