HomeMy WebLinkAbout2024-181-04.01.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-181
RESOLUTION APPROVING AN AMENDMENT TO THE
DEVELOPMENT AGREEMENT WITH WATERLOO
DEVELOPMENT CORPORATION, ORIGINALLY EXECUTED
SEPTEMBER 5, 2023, AMENDING THE ANTICIPATED
BUDGET FROM $2,895,704.00 TO $3,163,958.50 IN SECTION
6 AND THE GRANT MAXIMUM AMOUNT FROM
$2,695,704.00 TO $2,963,958.50, AND AUTHORIZING
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENTS.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
an amendment to the Development Agreement with Waterloo Development Corporation,
originally executed September 5, 2023, amending the anticipated budget from $2,895,704.00 to
$3,163,958.50 in section 6 and the grant maximum amount from $2,695,704.00 to
$2,963,958.50, 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 1st day of April 2024.
ATTEST:
Kelley Felchle
DIGITALLY
SIGNED
Kelley Felchle, City Clerk
SEAL
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Quentin Hart, Mayor