HomeMy WebLinkAbout2023-487-08.07.2023 (RECORDED) Doc ID: 012006630001 Type: GEN
Recorded: 09/12/2023 at 03:14:03 PM
Fee Amt: $7.00 Page 1 of 1
Black Hawk County Iowa
SANDIE L. SMITH RECORDER
File2024_00003641
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-487
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH BBP DEVELOPMENT, LLC, FOR UPGRADING AND
RENOVATION OF AN EXISTING COMMERCIAL BUILDING,
WITH A MINIMUM ASSESSED VALUE OF $743,750.00,
WITH REBATES OF 50 PERCENT FOR FIVE YEARS,
LOCATED AT 2945 AIRPORT BOULEVARD IN THE EAST
WATERLOO UNIFIED TIF DISTRICT, AND AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Development and Minimum Assessment Agreement dated August 7, 2023,
between BBP Development, LLC, for upgrading and renovation of an existing commercial
building, with a minimum assessed value of$743,750.00, with rebates of 50 percent for five years,
located at 2945 Airport Boulevard in the East Waterloo Unified TIF District, and legally
described as follows:
LOT NO.1 IN DEWARD FELCHER INDUSTRIAL PARK, 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 7th day of August 2023.
•
QUN N 1. 11 j NZ
SI
ATTEST: Quentin Hart, Mayor
7Kelley Ferchfe
SIGNED
Kelley Felchle, City Clerk
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. 2023-487 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 71h day of August 2023.
Witness my hand and seal of office this 7th day of August 2023.
Kerley Eefchle
SIGNED
Kelley Felchle, City Clerk
SEAL
1.1 711:1 ,,(41.
0 :smmuiurumrul •
of i
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-487
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH BBP DEVELOPMENT, LLC, FOR UPGRADING AND
RENOVATION OF AN EXISTING COMMERCIAL BUILDING,
WITH A MINIMUM ASSESSED VALUE OF $743,750.00,
WITH REBATES OF 50 PERCENT FOR FIVE YEARS,
LOCATED AT 2945 AIRPORT BOULEVARD IN THE EAST
WATERLOO UNIFIED TIF DISTRICT, AND AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Development and Minimum Assessment Agreement dated August 7, 2023,
between BBP Development, LLC, for upgrading and renovation of an existing commercial
building, with a minimum assessed value of $743,750.00, with rebates of 50 percent for five years,
located at 2945 Airport Boulevard in the East Waterloo Unified TIF District, and legally
described as follows:
LOT NO.1 IN DEWARD FELCHER INDUSTRIAL PARK, 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 7th day of August 2023.
ATTEST:
Kelley Felch(e
Kelley Felchle, City Clerk
CERTIFICATE
Qttetthiz
Quentin Hart, Mayor
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. 2023-487 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 7th day of August 2023.
Witness my hand and seal of office this 7th day of August 2023.
(elley Felchle
Kelley Felchle, City Clerk
SEAL