HomeMy WebLinkAbout2024-757-12.16.2024 Prepared by Nancy Higby, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-757
RESOLUTION APPROVING A SUBORDINATION
AGREEMENT WITH 5 BEES LLC, TO COMPLETE PHASE IV
OF 4 FOR SEVERAL PROJECTS IN THE AREA OF
BLACKHAWK STREET AND 18TH STREET, IN THE RATH
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
that the Subordination Agreement with 5 Bees LLC, to complete Phase IV of 4 for several
projects in the area of Blackhawk Street and 18th Street, in the Rath TIF District, 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 16th day of December 2024.
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IA(. J (fli SIGNED
Quentin Hart, Mayor
ATTEST:
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Kelley Felchle, City Clerk
SEAL
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