HomeMy WebLinkAbout2022-333-06.06.2022Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-333
RESOLUTION APPROVING AN AMENDMENT TO THE
DEVELOPMENT AGREEMENT WITH NET WORTH
INVESTMENTS, LLC, ORIGINALLY EXECUTED ON APRIL
27, 2020, TO PAY THE REMAINING $28,000.00 DUE FOR
THE INFILL HOUSING POLICY INCENTIVE OF $5,000.00
PER UNIT, 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 the Amendment to the Development Agreement dated June 6, 2022, between Net
Worth Investments, LLC and the City of Waterloo, Iowa, to an agreement originally executed on
April 27, 2020, to pay the remaining $28,000.00 due for the Infill Housing Policy incentive of
$5,000.00 per unit, 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 6th day of June 2022.
ATTEST:
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
CERTIFICATE
Quentin Hart, Mayor
I, LeAnn M. Even Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify that
the preceding is a true and complete copy of Resolution 2022-333, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 6th day ofJune 2022.
SEAL
Witness my hand and seal of office this 6th day ofJune 2022.
LeAnn M. Even, Deputy City Clerk