HomeMy WebLinkAbout2021-696-10.18.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-696
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH C 10 INVESTMENTS, LLC, (JEFF
STICKFORT), IN CONJUNCTION WITH DEMOLITION AND
REDEVELOPMENT OF THE FORMER SCHOITZ HOSPITAL
SITE AT THE NORTHEAST CORNER OF KIMBALL
AND RIDGEWAY AVENUES, WITH TAX REBATES AT
SEVENTY-FIVE PERCENT FOR TEN YEARS, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Development Agreement dated October 18, 2021, between C 10 Investments,
LLC and the City of Waterloo, in conjunction with the demolition and redevelopment of the
former Schoitz Hospital site, located at the northeast corner of Kimball and Ridgeway Avenues,
with tax rebates at seventy-five percent for ten years, is hereby approved, and the Mayor and City
Clerk are authorized and directed to execute said document on behalf of the City of Waterloo,
Iowa.
PASSED AND ADOPTED this 18th day of October 2021.
ATTEST:
Kelley Felchle, City Clerk
CERTIFICATE
Qve,l`i ;,1 H,,r4
DIGITALLY
SIGNED
Quentin Hart, Mayor
I, Kelley Felchle City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2021-696, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 18th day of October 2021.
Witness my hand and seal of office this 18th day of October 2021
Kelley Felchle, City Clerk
SEAL