HomeMy WebLinkAbout2022-436-07.05.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, 319-291-4323.
RESOLUTION NO. 2022-436
RESOLUTION APPROVING THE ECONOMIC
DEVELOPMENT ASSISTANCE CONTRACT WITH HYDRITE
CHEMICAL CO., AND THE IOWA ECONOMIC
DEVELOPMENT AUTHORITY, FOR AN AWARD OF TOTAL
INCENTIVES OF $1,521,000.00, AND AUTHORIZING THE
MAYOR TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the Economic Development Assistance Contract dated July 5, 2022, between the Iowa Economic
Development Authority and Hydrite Chemical Co., for state incentives through the High Quality
Jobs Program of $1,521,000.00, to construct a 13,500 square foot office building, 9,600 square
foot maintenance shop and expand their transportation fleet, which adds a 10,000 square foot
tanker/wash/chemical facility, including future plans for a 41,000 square foot warehouse, is hereby
approved and the Mayor is authorized and directed to execute said document on behalf of the
City of Waterloo, Iowa.
PASSED AND ADOPTED this 5th day of July 2022.
Qa2/til/Z 91ari
Quentin Hart, Mayor
ATTEST:
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
SEAL