HomeMy WebLinkAbout1999-801-12.13.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-801
RESOLUTION APPROVING AND AUTHORIZING
EXECUTION OF A DEVELOPMENTAL AGREEMENT
BETWEEN AMENT INVESTMENTS, L.L. C. AND THE
CITY OF WATERLOO.
WHEREAS, Ament Investments, L.L.C. proposes to develop
property in the Downtown Urban Renewal and Redevelopment Plan
Area, and
WHEREAS, Ament Investments, L.L.0 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
Ament Investments, L.L. 0 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 13th day of December, 1999 .
0,1 kf, /,464
Joh R. ";ooff, Mayor te
ATTEST:
Nancy Eck t, City Clerk