HomeMy WebLinkAbout2023-328-05.15.2023Prepared by LeAnn M. Even Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-328
RESOLUTION APPROVING AN EXTENSION OF A LEASE
AGREEMENT WITH ASPRO, INC., FOR MINING IN THE
RIVERVIEW RECREATION AREA FOR ANOTHER TEN (10)
YEARS, AT A RATE OF FIVE (5) PERCENT OF ASPRO'S
AVERAGE NET SELLING PRICE, WITH A MINIMUM OF
$5,000.00 PER YEAR, LOCATED WEST OF 3505 EASTON
AVENUE, WATERLOO WASTE TREATMENT PLANT, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the Lease Agreement, dated May 15, 2023, by and between Aspro, Inc. and the City of Waterloo,
Iowa, at a rate of five (5) percent of Aspro's average net selling price, with a minimum of
$5,000.00 per year for a period of ten (10) years, for mining in the Riverview Recreation Area,
generally located west of 3505 Easton Avenue, Waterloo Waste Treatment Plant, is hereby
approved, and the Mayor and City Clerk are authorized and directed to execute said document on
behalf of the City of Waterloo.
PASSED AND ADOPTED this 15th day of May 2023.
ATTEST:
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Kelley Felchle, City Clerk
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Quentin Hart, Mayor