HomeMy WebLinkAbout2022-655-10.17.2022Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-655
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH KL PROPERTIES, LLC FOR THE
CONSTRUCTION OF 2,400 SQUARE FOOT OFFICE
BUILDING AND MINIMUM ASSESSMENT AGREEMENT IN
THE AMOUNT OF $220,000.00, 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 Development Agreement dated October 17, 2022, between KL Properties, LLC, for the
construction of a 2,400 square foot office building and Minimum Assessment Agreement in the
amount of $220,000.00, and legally described as follows:
PARCEL "H" ACCORDING TO PLAT OF SURVEY FILED 9/06/2022 AS
DOC. NO. 2023-3984, BEING A PART OF LOT 1, GREENBELT CENTRE
PLAT NO. 2, CITY OF WATERLOO, IOWA.
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 17th day of October 2022.
ATTEST:
Kelley Felchle, City Clerk
CERTIFICATE
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 No. 2022-655 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 17th day of October 2022.
Witness my hand and seal of office this 17th day of October 2022.
Kelley Felchle
Kelley Felchle, City Clerk
SEAL