HomeMy WebLinkAbout2023-148-03.06.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-148
RESOLUTION APPROVING THE ASSIGNMENT OF REBATES
TO WINDIGO PROPERTY TRUST, LLC, IN CONJUNCTION
WITH A DEVELOPMENT AGREEMENT WITH CEDAR
VALLEY WAREHOUSE, LLC, ORIGINALLY APPROVED ON
SEPTEMBER 4, 2012, FOR PROPERTY LOCATED AT 2830
GERALDINE ROAD.
WHEREAS, Cedar Valley Warehouse, LLC entered into a Development Agreement,
originally approved September 4, 2012, with the City of Waterloo, for the development of
property located at 2830 Geraldine Road, and
WHEREAS, the developer was given tax rebates for the added value of the project, and
WHEREAS, the property has been sold and the Development Agreement states that
assignment of tax rebates is eligible and that the Assignment of Rebates will allow the new owner,
Windigo Property Trust, LLC to receive the tax rebates.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Assignment of Rebates for properties located at 2830 Geraldine
Road, to Windigo Property Trust, LLC, are hereby approved.
PASSED AND ADOPTED this 6th day of March 2023.
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
CERTIFICATE
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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. 2023-148 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of March 2023.
SEAL
Witness my hand and seal of office this 6th day of March 2023.
WA
Kelley Felchle
Kelley Felchle, City Clerk