HomeMy WebLinkAbout2023-539-09.05.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-539
RESOLUTION RESCINDING RESOLUTION NO. 2022-508,
APPROVING A FIVE-YEAR BUSINESS PROPERTY LEASE
AGREEMENT, RESCINDING RESOLUTION NO. 2022-509,
AUTHORIZING THE SALE AND CONVEYANCE OF
PROPERTY IN THE SOUTH WATERLOO BUSINESS PARK
FOR $1.00, AND RESCINDING RESOLUTION NO. 2022-510,
APPROVING A DEVELOPMENT AGREEMENT, ALL
BETWEEN THE CITY OF WATERLOO AND
INTERNATIONAL INVESTMENT RISK TRUST, LLC.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, AS FOLLOWS:
1. That Resolution No. 2022-508, approving a five-year business property lease
agreement, is hereby rescinded in its entirety.
2. That Resolution No. 2022-509, authorizing the sale and conveyance of property in
the South Waterloo Business Park for $1.00, is hereby rescinded in its entirety.
3. That Resolution No. 2022-510, approving a development agreement, all between
the City of Waterloo and International Investment Risk Trust, LLC, is hereby rescinded in its
entirety.
PASSED AND ADOPTED this 5th day of September 2023.
ATTEST:
Ray Feuss, Mayor Pro Tem
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LeAnn M. Even, Deputy City Cler
SEAL
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