HomeMy WebLinkAbout2023-111-02.20.2023 (RECORDED) - - 111111 Oil ii 1111111►I►I11111►►I►►ii 11►►II►►►I1111I►IIII
Doc ID: 012042920002 Type: GEN
Recorded: 12/01/2023 at 03:18:35 PM
Fee Amt: $12.00 Page 1 of 2
Black Hawk County Iowa
SANDIE L. SMITH//�� RECORDER 1 Q Q
File2024-00007 198
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319)291-4323.
RESOLUTION NO. 2023-111
RESOLUTION APPROVING AMENDMENT TO
DEVELOPMENT AGREEMENT AND MINIMUM
ASSESSMENT AGREEMENT WITH 3FI WATERLOO, LLC,
ORIGINALLY APPROVED ON APRIL 6, 2020, EXTENDING
TAX REBATES TO EIGHT YEARS AT 50 PERCENT AND
TWO YEARS AT 35 PERCENT, FOR A TOTAL OF TEN (10)
YEARS OF REBATES AND AMEND THE MINIMUM
ASSESSMENT DATE TO DECEMBER 31, 2032 FOR THE
PROJECT LOCATED AT 2130 NEWELL STREET, 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 amendment to the Development Agreement and Minimum Assessment Agreement with 3FI
Waterloo, LLC, originally approved on April 6, 2020, extending tax rebates to eight years at 50
percent and two years at 35 percent, for a total of ten(10)years of rebates and amending the
minimum assessment date to December 31, 2032 for the project located at 2130 Newell Street,
and legally described as follows:
LOT 3,NORTHEAST INDUSTRIAL PARK PLAT NO. 4, CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
is hereby approved as amended, 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 20th day of February 2023.
.kaai P.tA.55 MIIAttY
WED
Ray Feuss, Mayor Pro Tern
ATTEST:
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SIGNED
./
LeAnn M. Even, Deputy City Clerk
Resolution 2023-111
Page 2
CERTIFICATE
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 No. 2023-111 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 20`h day of February 2023.
Witness my hand and seal of office this 20`h day of February 2023.
LeAnn M. Even, Deputy City Clerk
SEAL
OF W A rF
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Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-111
RESOLUTION APPROVING AMENDMENT TO
DEVELOPMENT AGREEMENT AND MINIMUM
ASSESSMENT AGREEMENT WITH 3FI WATERLOO, LLC,
ORIGINALLY APPROVED ON APRIL 6, 2020, EXTENDING
TAX REBATES TO EIGHT YEARS AT 50 PERCENT AND
TWO YEARS AT 35 PERCENT, FOR A TOTAL OF TEN (10)
YEARS OF REBATES AND AMEND THE MINIMUM
ASSESSMENT DATE TO DECEMBER 31, 2032 FOR THE
PROJECT LOCATED AT 2130 NEWELL STREET, 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 amendment to the Development Agreement and Minimum Assessment Agreement with 3FI
Waterloo, LLC, originally approved on April 6, 2020, extending tax rebates to eight years at 50
percent and two years at 35 percent, for a total of ten (10) years of rebates and amending the
minimum assessment date to December 31, 2032 for the project located at 2130 Newell Street,
and legally described as follows:
LOT 3, NORTHEAST INDUSTRIAL PARK PLAT NO. 4, CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
is hereby approved as amended, 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 20th day of February 2023.
a-L1 Feut.55
Ray Feuss, Mayor Pro Tem
ATTEST:
LeAnn M. Even, Deputy City Clerk
Resolution 2023-111
Page 2
CERTIFICATE
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 No. 2023-111 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 20th day of February 2023.
Witness my hand and seal of office this 20th day of February 2023.
SEAL
Wq
y
•'
0
0
LeAnn M. Even, Deputy City Clerk