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HomeMy WebLinkAbout2024-135-03.04.2024 (RECORDED) 2025-01737 RECORDED:02/06/2025 02:13:24 PM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319)291-4323. RESOLUTION NO. 2024-135 RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AND MINIMUM ASSESSMENT AGREEMENT WITH AIRLINE STORAGE, LLC, ORIGINALLY APPROVED JUNE 20, 2022, TO EXTEND THE DATE TO COMPLETE PHASE I TO DECEMBER 31, 2024, PHASE II COMPLETION TO DECEMBER 31, 2025, AND EXERCISING THE OPTION FOR PHASE II PROPERTY ON OR BEFORE SEPTEMBER 30, 2024, FOR PROPERTY LOCATED AT 3318 WEST AIRLINE HIGHWAY, 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 amendment to the Development and Minimum Assessment Agreement originally approved June 20, 2022, between Airline Storage, LLC, and the City of Waterloo, Iowa, to extend the date to complete Phase Ito December 31, 2024, Phase II completion to December 31, 2025, and exercising the option for Phase II property on or before September 30, 2024, for property located at 3318 West Airline Highway, 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 4th day of March 2024. Queftlt/z ���/ OIGITAIIY Iw//✓ SIGNED ATTEST: Quentin Hart, Mayor 7(e(Ley L eCc/G1Te I6lDNEDITA I Nef 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. 2024-135 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 4th day of March 2024. Witness my hand and seal of office this 4th day of March 2024. Kelley Felchle SIGNED SEAL Kelley Felchle, City Clerk 0c W4 kt- la. r 11 UMW 11'7 7"Mr ik 4674 7? Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-135 RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AND MINIMUM ASSESSMENT AGREEMENT WITH AIRLINE STORAGE, LLC, ORIGINALLY APPROVED JUNE 20, 2022, TO EXTEND THE DATE TO COMPLETE PHASE I TO DECEMBER 31, 2024, PHASE II COMPLETION TO DECEMBER 31, 2025, AND EXERCISING THE OPTION FOR PHASE II PROPERTY ON OR BEFORE SEPTEMBER 30, 2024, FOR PROPERTY LOCATED AT 3318 WEST AIRLINE HIGHWAY, 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 amendment to the Development and Minimum Assessment Agreement originally approved June 20, 2022, between Airline Storage, LLC, and the City of Waterloo, Iowa, to extend the date to complete Phase I to December 31, 2024, Phase II completion to December 31, 2025, and exercising the option for Phase II property on or before September 30, 2024, for property located at 3318 West Airline Highway, 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 4th day of March 2024. ATTEST: Kelley Felchle Kelley Felchle, City Clerk CERTIFICATE Qaeftrz 9zr� Quentin Hart, Mayor 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. 2024-135 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 4th day of March 2024. Witness my hand and seal of office this 4th day of March 2024. SEAL 0 Kelley Felchle Kelley Felchle, City Clerk