HomeMy WebLinkAbout2010-080-02/08/2010RESOLUTION NO. 2010-80
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH HOPE MARTIN ANDERSON AND DIRECTING
EXECUTION OF SAID AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated February 8, 2010, for the
development of a 15,200 square foot professional office building
generally located at the northeast corner of Kimball Avenue and
Highway 20, with a new minimum taxable value of $1.2 million and
tax rebates for 1 year at 67 percent and 4 years at 50 percent,
by and between Hope Martin Anderson of Waterloo, Iowa and the
City of Waterloo, Iowa, be and the same is hereby approved, and
the Mayor and City Clerk authorized to execute the same in behalf
of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 8th day of February, 2010.
Ernest G. Clark, Mayor
ATTEST:
Suzy 861hares, CMC
City Clerk