HomeMy WebLinkAbout2022-508-08.01.2022 (RESCINDED) Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-508
RESOLUTION APPROVING FIVE YEAR BUSINESS
PROPERTY LEASE AGREEMENT WITH INTERNATIONAL
INVESTMENT RISK TRUST, LLC, FOR THE
LEASE/CONVEYANCE OF LAND IN THE SOUTH
WATERLOO BUSINESS PARK FOR MULTIPLE DATA
CONTAINERS/CENTERS AND RIGHTS TO ADDITIONAL
LAND IN THE SOUTH WATERLOO BUSINESS PARK FOR
FUTURE PROJECTS, IN THE AMOUNT OF $1,000.00 PER
MONTH, AND OPTION TO PURCHASE PROPERTY FOR '%
$1.00, AND AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Business Property Lease Agreement, dated August 1, 2022, between
International Investment Risk Trust, LLC and the City of Waterloo, Iowa, in the amount of
$1,000.00 per month for five (5) years, for the following described real estate, situated in Black
Hawk County, Iowa: i�
PROPERTY TO BE DESCRIBED BY SURVEY, CONSISTING GENERALLY
OF APPROXIMATELY 10.4 ACRES LYING WITHIN THE EAST 350 FEET
OF THE NORTH 120 ACRES OF THE SOUTHWEST QUARTER OF
SECTION 9, TOWNSHIP 88 NORTH, RANGE 13 WEST OF THE 5TH P.M.,
with a term ending August 2, 2027, with a five (5) yrrenewal option, is hereby approved and
the Mayor and City Clerk are authorized and directed to execute said document on behalf of the
City of Waterloo. j
PASSED D ADOPTED this Is' day of August 2022.
_...,.WOO;
Quentin Hart, Mayor
i
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Kelley Felchle, City Clerk
SEAL
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P�ERZO
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Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-508
RESOLUTION APPROVING FIVE YEAR BUSINESS
PROPERTY LEASE AGREEMENT WITH INTERNATIONAL
INVESTMENT RISK TRUST, LLC, FOR THE
LEASE/CONVEYANCE OF LAND IN THE SOUTH
WATERLOO BUSINESS PARK FOR MULTIPLE DATA
CONTAINERS/CENTERS AND RIGHTS TO ADDITIONAL
LAND IN THE SOUTH WATERLOO BUSINESS PARK FOR
FUTURE PROJECTS, IN THE AMOUNT OF $1,000.00 PER
MONTH, AND OPTION TO PURCHASE PROPERTY FOR
$1.00, AND AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Business Property Lease Agreement, dated August 1, 2022, between International
Investment Risk Trust, LLC and the City of Waterloo, Iowa, in the amount of $1,000.00 per
month for five (5) years, for the following described real estate, situated in Black Hawk County,
Iowa:
PROPERTY TO BE DESCRIBED BY SURVEY, CONSISTING GENERALLY
OF APPROXIMATELY 10.4 ACRES LYING WITHIN THE EAST 350 FEET
OF THE NORTH 120 ACRES OF THE SOUTHWEST QUARTER OF
SECTION 9, TOWNSHIP 88 NORTH, RANGE 13 WEST OF THE 5TH P.M.,
with a term ending August 2, 2027, with a five (5) year renewal option, 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 1st day of August 2022.
62ctertiuz 9r�
DIGITALLY
SIGNED
Quentin Hart, Mayor
ATTEST:
Kelley Felchle, City Clerk
SEAL