HomeMy WebLinkAbout2023-617-10.02.2023 (RECORDED) II JII ill I lllll II IINIIIIIIIIJillil lllII�II�
Doc ID: 012042980002 Type: GEN
Recorded: 12/01/2023 at 03:21:43 PM
Fee Amt: $12.00 Page 1 of 2
Black Hawk County Iowa
SANDIE L. SMIITH RECORDER /�
File2024-0000 /7 204
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319)291-4323.
RESOLUTION NO. 2023-617
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH JSA
DEVELOPMENT, LLC, FOR THE REHABILITATION OF 716
COMMERCIAL STREET INTO COMMERCIAL AND
RESIDENTIAL SPACE, INCLUDING A GRANT OF
$105,000.00, PLUS $15,000.00 IN INFILL HOUSING
INCENTIVES AND REBATES FOR FIFTEEN YEARS AT
SEVENTY PERCENT, WITH A MINIMUM ASSESSED
VALUE OF $500,000.00 UPON COMPLETION, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated October 2, 2023,
between JSA Development, LLC and the City of Waterloo, for the rehabilitation of 716
Commercial Street into commercial and residential space, including a grant of$105,000.00,plus
$15,000.00 in infill housing incentives and rebates for fifteen years at seventy percent, with a
minimum assessed value of$500,000.00 upon completion, and legally described as follows:
NORTHWESTERLY TWO-THIRDS OF LOT 2, BLOCK 9, ORIGINAL PLAT
ON THE WEST SIDE OF THE CEDAR RIVER, CITY OF WATERLOO, IOWA
is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this rd day of October 2023.
Que/ l z 1-(art OIGiTcU I SIGNE@Y
ATTEST: Quentin Hart, Mayor
e(Cey FeCchfe °s'isa`o
Kelley Felchle, City Clerk
Resolution 2023-617
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. 2023-617 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 2nd day of October 2023.
Witness my hand and seal of office this 2nd day of October 2023.
Kelley Fe(c/Ce °'G"T"I`"
SIGNED
SEAL Kelley Felchle, City Clerk
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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. 2023-617
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH JSA
DEVELOPMENT, LLC, FOR THE REHABILITATION OF 716
COMMERCIAL STREET INTO COMMERCIAL AND
RESIDENTIAL SPACE, INCLUDING A GRANT OF
$105,000.00, PLUS $15,000.00 IN INFILL HOUSING
INCENTIVES AND REBATES FOR FIFTEEN YEARS AT
SEVENTY PERCENT, WITH A MINIMUM ASSESSED
VALUE OF $500,000.00 UPON COMPLETION, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated October 2, 2023,
between JSA Development, LLC and the City of Waterloo, for the rehabilitation of 716
Commercial Street into commercial and residential space, including a grant of $105,000.00, plus
$15,000.00 in infill housing incentives and rebates for fifteen years at seventy percent, with a
minimum assessed value of $500,000.00 upon completion, and legally described as follows:
NORTHWESTERLY TWO-THIRDS OF LOT 2, BLOCK 9, ORIGINAL PLAT
ON THE WEST SIDE OF THE CEDAR RIVER, CITY OF WATERLOO, IOWA
is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of October 2023.
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
Otter -in 9- ,r1
Quentin Hart, Mayor
Resolution 2023-617
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. 2023-617 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 2nd day of October 2023.
Witness my hand and seal of office this 2nd day of October 2023.
7(elley Felcfile
Kelley Felchle, City Clerk