HomeMy WebLinkAbout2024-096-02.19.2024 (RECORDED) Doc IIIIIII!IIIII III IIIII IIIII IIIII II II III IIIII!IIIII IIIII IIIII III I IIIII III!III!
ID: 012076190001 Type: GEN
Recorded: 02/26/2024 at 04:17:32 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER
File2024_00010443
* Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-096
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH NADROJ
REALTY, LLC, FOR THE CONSTRUCTION OF A NEW
BUILDING OF APPROXIMATELY 46,000 SQUARE FEET,
WITH A MINIMUM ASSESSED VALUE OF $1,800,000.00
AND PROPERTY TAX REBATE SCHEDULE OF FIVE YEARS
AT FIFTY PERCENT, 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 February 19,
2024,between NADROJ Realty, LLC and the City of Waterloo, Iowa, for the construction of a
new building located south of 115 Warp Drive, of approximately 46,000 square feet, with a
minimum assessed value of$1,800,000.00 and property tax rebate schedule of five years at fifty
percent, 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 19th day of February 2024.
1 aai Pe�55 SIGNED
ATTEST: SIGNED
ATTEST: Ray Feuss, Mayor Pro Tem
Kelley FeCchle SIGNED
Kelley Felchle, City Clerk
CERTIFICATE
I, Kelley Felchle, Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2024-094 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 19th day of February 2024.
Witness my hand and seal of office this 19th day of February 2024.
iCetCey Fe(ch(e "SIGNED.1
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. 2024-096
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH NADROJ
REALTY, LLC, FOR THE CONSTRUCTION OF A NEW
BUILDING OF APPROXIMATELY 46,000 SQUARE FEET,
WITH A MINIMUM ASSESSED VALUE OF $1,800,000.00
AND PROPERTY TAX REBATE SCHEDULE OF FIVE YEARS
AT FIFTY PERCENT, 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 February 19,
2024, between NADROJ Realty, LLC and the City of Waterloo, Iowa, for the construction of a
new building located south of 115 Warp Drive, of approximately 46,000 square feet, with a
minimum assessed value of $1,800,000.00 and property tax rebate schedule of five years at fifty
percent, 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 19th day of February 2024.
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
CERTIFICATE
Ray Feuss, Mayor Pro Tem
I, Kelley Felchle, Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2024-094 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 19th day of February 2024.
Witness my hand and seal of office this 19th day of February 2024.
SEAL
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Kelley Felchle
Kelley Felchle, City Clerk