HomeMy WebLinkAbout2024-271-05.06.2024 (RECORDED) 2024-16420
RECORDED:06/26/2024 03:06:40 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. 2024-271
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH 3 STOOGES, LLC, FOR THE CONSTRUCTION OF
TWO 9,000 SQUARE FOOT COMMERCIAL BUILDINGS,
WITH A MINIMUM ASSESSED VALUE OF $1,000,000.00
FOR PHASE I, WITH FINDERS FEE OF $10,000.00 AND
REBATE SCHEDULE OF FIVE YEARS AT 50% UPON
COMPLETION OF PHASE II, 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 Agreement dated May 6, 2024, between 3 Stooges, LLC and
the City of Waterloo, for the construction of two 9,000 square foot commercial buildings, on
property located at 3620 Wagner Road, with a minimum assessed value of$1,000,000.00 for
phase I,with finders fee of$10,000.00 and rebate schedule of five years at 50%upon completion
of Phase II, 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 6th day of May 2024.
Quet7Wl (f,(i SIGNED
ATTEST: Quentin Hart, Mayor
in.? &ve v SIGNED
LeAnn M. Even, Deputy City Clerk
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. 2024-271 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 6th day of May 2024.
Witness my hand and seal of office on this 6th day of May 2024.
yYt 1IGITALIY;.
SEAL LeAnn M. Even, Deputy 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. 2024-271
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT AND MINIMUM ASSESSMENT AGREEMENT
WITH 3 STOOGES, LLC, FOR THE CONSTRUCTION OF
TWO 9,000 SQUARE FOOT COMMERCIAL BUILDINGS,
WITH A MINIMUM ASSESSED VALUE OF $1,000,000.00
FOR PHASE I, WITH FINDERS FEE OF $10,000.00 AND
REBATE SCHEDULE OF FIVE YEARS AT 50% UPON
COMPLETION OF PHASE II, 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 Agreement dated May 6, 2024, between 3 Stooges, LLC and
the City of Waterloo, for the construction of two 9,000 square foot commercial buildings, on
property located at 3620 Wagner Road, with a minimum assessed value of $1,000,000.00 for
phase I, with finders fee of $10,000.00 and rebate schedule of five years at 50% upon completion
of Phase II, 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 6th day of May 2024.
ATTEST:
LeAnn M. Even, Deputy City Cler
CERTIFICATE
Queft1a 9-(arE
Quentin Hart, Mayor
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. 2024-271 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 6th day of May 2024.
Witness my hand and seal of office on this 6th day of May 2024.
SEAL
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LeAnn M. Even, Deputy City Cler
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