HomeMy WebLinkAbout2022-096-02.07.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-096
RESOLUTION APPROVING AN OPTION AGREEMENT
WITH ZYDECO INVESTMENTS, LLC FOR THE CITY TO
REPURCHASE LAND CONVEYED TO ZYDECO
INVESTMENTS, LLC IN THE AMOUNT OF $1,170,000.00
FOR THE CONSTRUCTION OF A 170,000 SQUARE FOOT
WAREHOUSE/OFFICE BUILDING, LOCATED EAST OF 2210
LEVERSEE ROAD, AND AUTHORIZING MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Option Agreement dated February 7, 2022, between Zydeco Investments, LLC,
of Cedar Rapids, Iowa and the City of Waterloo, Iowa, for the City to repurchase land conveyed
to Zydeco Investments, LLC in the amount of $1,170,000.00 for the construction of a 170,000
square foot warehouse/office building, located east of 2210 Leversee Road, 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 7th day of February 2022.
�fa/1" i /I r I c.r T SIGNED
Quentin Hart, Mayor
ATTEST:
Kelley Felchle, City Clerk
SEAL