HomeMy WebLinkAbout2023-475-08.07.2023(RESCINDED) Rescinded 10/16/2023 by Resolution No. 2023-645
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-475
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH A&K
VENTURES, LLC, FOR THE CONSTRUCTION OF A NEW
6,500 SQUARE FOOT BUILDING AND A FUTURE 6,000
SQUARE FOOT EXPANSION, WITH A MINIMUM
ASSESSED VALUE OF $624,125.00 FOR PHASE 1, 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:
��%/O////%/a,,,,.
1. That the Development and Minimum Assessment Agreement dated August 7, 2023,
between A&K Ventures, LLC and the City of Waterloo, for the construction of a new 6,500
square foot building and a future 6,000 square foot expansion, with a minimum assessed value of
$624,125.00 for Phase I, and legally described as follows:
LOT 1, GREENBELT CENTRE PLAT NO. 2, EXCEPT PARCEL "H" THEREOF
ACCORDING TO PLAT OF SURVEY FILED 09/06/2022 AS DOC. NO. 2023-
3987, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA
is hereby approved.
2. That the Mayor and City Clerk are authorized and dire edto execute said document
on behalf of the City of Waterloo, Iowai�//,
PASSED AND ADOPTED this 7th day of August 2023.
�i
VA%„ �%/'
r
ATTEST: ��/ �� Quentin Hart, Mayor
� ��j/���,
Kelley Felch e, Viol'
CERTIFICATE
1, 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. 2023-475 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.
SEAL Kelley Felchle, City Clerk
0� W A 7'1P
10