HomeMy WebLinkAbout2024-345-06.03.2024 (RECORDED) 2024-16422
RECORDED:06/26/2024 03:06:42 PM
RECORDING FEE:$7.00
REVENUE TAX:$
COMBINED FEE:$7.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
X Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-345
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH FUSION
INVESTMENTS II, LLC, FOR A 51,900 SQUARE FOOT
INDUSTRIAL BUILDING, WITH A MINIMUM ASSESSED
VALUE OF $2,520,450.00, LOCATED AT 3530 MARNIE
AVENUE, WITH REBATES OF 90 PERCENT FOR YEARS
ONE THROUGH THREE, 85 PERCENT FOR YEARS FOUR
THROUGH SIX, 75 PERCENT FOR YEARS SEVEN
THROUGH NINE AND 65 PERCENT FOR YEARS TEN
THROUGH FIFTEEN, 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 Development and Minimum Assessment Agreement dated June 3, 2024,
between Fusion Investments II, LLC and the City of Waterloo, Iowa, for a 51,900 square foot
industrial building, with a minimum assessed value of$2,520,450.00, located at 3530 Mamie
Avenue, with rebates of 90 percent for years one through three, 85 percent for years four through
six, 75 percent for years seven through nine and 65 percent for years ten through fifteen, 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 3rd day of June 2024.
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� /TIC SIGNED
ATTEST: Quentin Hart, Mayor
Kelley Felchle
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. 2024-345 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of June 2024.
Witness my hand and seal of office this 3rd day of June 2024.
Kelley Felchle 'G"n��Y
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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. 2024-345
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH FUSION
INVESTMENTS II, LLC, FOR A 51,900 SQUARE FOOT
INDUSTRIAL BUILDING, WITH A MINIMUM ASSESSED
VALUE OF $2,520,450.00, LOCATED AT 3530 MARNIE
AVENUE, WITH REBATES OF 90 PERCENT FOR YEARS
ONE THROUGH THREE, 85 PERCENT FOR YEARS FOUR
THROUGH SIX, 75 PERCENT FOR YEARS SEVEN
THROUGH NINE AND 65 PERCENT FOR YEARS TEN
THROUGH FIFTEEN, 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 Development and Minimum Assessment Agreement dated June 3, 2024,
between Fusion Investments II, LLC and the City of Waterloo, Iowa, for a 51,900 square foot
industrial building, with a minimum assessed value of $2,520,450.00, located at 3530 Marnie
Avenue, with rebates of 90 percent for years one through three, 85 percent for years four through
six, 75 percent for years seven through nine and 65 percent for years ten through fifteen, 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 3rd day of June 2024.
ATTEST:
Kelley Felclile
Kelley Felchle, City Clerk
CERTIFICATE
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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. 2024-345 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of June 2024.
Witness my hand and seal of office this 3rd day of June 2024.
SEAL
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(elley Felchle
Kelley Felchle, City Clerk