HomeMy WebLinkAbout2023-149-03.06.2023 (RECORDED) I IIIIIII I III III��I�I III�I II�II I�I�II�II�I�II IIIII II�II��II 11111 11111 IIII IIII
Doc ID: 011924070002 Type: GEN
Recorded: 04/06/2023 at 01:15:06 PM
Fee Amt: $12.00 Page 1 of 2
Black Hawk County Iowa
SANDIE L. SMITH RECORDER
File2023_00013470
*Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-149
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH FIREWORKS LEASING, LLC FOR THE
CONSTRUCTION OF A 60-FOOT BY 120-FOOT (7,200 SF)
RETAIL BUILDING, WITH A TAX REBATE AMOUNT OF 75
PERCENT FOR YEARS ONE THROUGH TWO, AND 50
PERCENT FOR YEARS THREE THROUGH EIGHT, WITH A
MINIMUM ASSESSMENT OF $850,00.00, LOCATED AT THE
SOUTHEAST CORNER OF KIMBALL AVENUE AND EAST
TOWER PARK DRIVE, AND AUTHORIZE 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 March 6, 2023, between Fireworks Leasing, LLC and the
City of Waterloo for the construction of a 60-foot by 120-foot (7,200 SF) retail building, with a
tax rebate amount of 75 percent for years one through two, and 50 percent for years three through
eight, with a minimum assessment of$850,00.00, located at the southeast corner of Kimball
Avenue and East Tower Park Drive, and legally described as follows:
LOT NO. 1 IN ANDERSON'S EIGHTH ADDITION, CITY OF WATERLOO,
BLACK HAWK COUNTY, 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 6th day of March 2023.
•
62CGertan 111611AI IV
SMNED
Quentin Hart, Mayor
ATTEST:
7(effey Eerchle s��NE'o
Kelley Felchle, City Clerk
-3.uo)„ ����
Resolution 2023-149
Page 2
CERTIFICATE
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. 2023-149 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of March 2023.
Witness my hand and seal of office this 6th day of March 2023.
Kerley Eerchte SIC It
Kelley Felchle, City Clerk
SEAL
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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. 2023-149
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH FIREWORKS LEASING, LLC FOR THE
CONSTRUCTION OF A 60-FOOT BY 120-FOOT (7,200 SF)
RETAIL BUILDING, WITH A TAX REBATE AMOUNT OF 75
PERCENT FOR YEARS ONE THROUGH TWO, AND 50
PERCENT FOR YEARS THREE THROUGH EIGHT, WITH A
MINIMUM ASSESSMENT OF $850,00.00, LOCATED AT THE
SOUTHEAST CORNER OF KIMBALL AVENUE AND EAST
TOWER PARK DRIVE, AND AUTHORIZE 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 March 6, 2023, between Fireworks Leasing, LLC and the
City of Waterloo for the construction of a 60-foot by 120-foot (7,200 SF) retail building, with a
tax rebate amount of 75 percent for years one through two, and 50 percent for years three through
eight, with a minimum assessment of $850,00.00, located at the southeast corner of Kimball
Avenue and East Tower Park Drive, and legally described as follows:
LOT NO. 1 IN ANDERSON'S EIGHTH ADDITION, CITY OF WATERLOO,
BLACK HAWK COUNTY, 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 6th day of March 2023.
62cuert-Win 914,rl<
Quentin Hart, Mayor
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
Resolution 2023-149
Page 2
CERTIFICATE
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. 2023-149 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of March 2023.
Witness my hand and seal of office this 6th day of March 2023.
7Kelley Eelchle
Kelley Felchle, City Clerk
SEAL
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