HomeMy WebLinkAbout2024-231-04.15.2024Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-231
RESOLUTION FOR A PHASED DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH SHORT
ENTERPRISES, LLC, AND DANIEL M. WILLIAMS, TO
CONSTRUCT TWO FORTY -FOOT BY ONE HUNDRED
EIGHTY -FOOT MINI -STORAGE BUILDINGS, WITH A
MINIMUM ASSESSED VALUE OF $525,570.00, AND
PROPERTY TAX REBATES OF FIFTY PERCENT FOR FIVE
YEARS, LOCATED WEST OF 1250 WEST AIRLINE
HIGHWAY, IN THE EAST WATERLOO UNIFIED TIF
DISTRICT, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the phased Development and Minimum Assessment Agreement with Short
Enterprises, LLC, and Daniel M. Williams, to construct two forty -foot by one hundred eighty -
foot mini -storage buildings, with a minimum assessed value of $525,570.00, and property tax
rebates of fifty percent for five years, located west of 1250 West Airline Highway, in the East
Waterloo Unified TIF District, 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 15t'' day of April 2024.
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ATTEST: Ray Feuss, Mayor Pro Tem
Kelley Felchle GNED USIG ED
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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. 2024-231 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 15th day of April 2024.
Witness my hand and seal of office this 15th day of April 2024.
SEAL
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Kelley Felchle, City Clerk