HomeMy WebLinkAbout2023-645-10.16.2023Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-645
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT 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 I, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT, AND RESCINDING
RESOLUTION NO. 2023-475.
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 16, 2023,
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 "F" THEREOF
ACCORDING TO PLAT OF SURVEY FILED 03/28/2016 AS DOC. NO. 2016-16188,
AND EXCEPT PARCEL "H" THEREOF ACCORDING TO PLAT OF SURVEY
FILED 09/06/2022, AS DOC NO. 2023-3984, IN THE CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA.
is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said document
on behalf of the City of Waterloo, Iowa.
3. That Resolution No. 2023-475 is hereby rescinded in its entirety.
PASSED AND ADOPTED this 16th day of October 2023.
ATTEST:
LeAnn M. Even, Deputy City Cler
Ray Feuss, Mayor Pro Tem
Resolution 2023-645
Page 2
CERTIFICATE
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2023-645 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 16t1 day of October 2023.
SEAL
Witness my hand and seal of office this 16th day of October 2023.
..�,�� c 'Vert
LeAnn M. Even, Deputy City Cler