HomeMy WebLinkAbout2022-516-08.01.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-516
RESOLUTION APPROVING A PURCHASE RIGHTS
AGREEMENT WITH CAUSE -RELATED OPPORTUNITY
ZONE FUND LLC, FOR THE PURCHASE AND
REDEVELOPMENT OF THE PARKING LOT NEAR THE
SPORTSPLEX FOR A PARKING RAMP AND RESIDENTIAL
DEVELOPMENT, 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 Purchase Rights Agreement with Cause -Related Opportunity Zone Fund, LLC, for the
purchase and redevelopment of the parking lot near the Sportsplex for a parking ramp and
residential development, is hereby approved and Mayor and City Clerk are authorized and
directed to execute said document on behalf of the City of Waterloo.
PASSED AND ADOPTED this 1st day of August 2022.
ATTEST:
Kelley Felchle, City Clerk
SEAL
Oki
11*
Quentin Hart, Mayor