HomeMy WebLinkAbout2021-698-10.18.2021Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-698
RESOLUTION APPROVING AMENDMENT NO. 5 TO THE
DEVELOPMENT AGREEMENT WITH CENTRAL PROPERTY
HOLDINGS, LLC, ORIGINALLY EXECUTED AUGUST 7,
2017, TO CHANGE THE ENDING DATE FOR
CONSTRUCTION COMPLETION FROM NOVEMBER 30,
2021 TO DEC 31, 2022, IN CONJUNCTION WITH
CONSTRUCTION OF A GROCERY STORE LOCATED AT
EAST 2ND STREET AND FRANKLIN STREET, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that Amendment No. 5 to the Development Agreement originally executed August 7,
2017, between Central Property Holdings, LLC, and the City of Waterloo, Iowa, to change the
ending date for construction completion from November 30, 2021 to Dec 31, 2022, in
conjunction with construction of a grocery store located at East 2nd Street and Franklin Street, 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
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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 2021-698, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 18th day of October 2021.
SEAL
Witness my hand and seal of office this 18th day of October 2021.
Kelley Felchle, City Clerk