HomeMy WebLinkAbout2025-044-01.21.2025 (RESCINDED)
Rescinded July 21, 2025, by Resolution No. 2025-418 to sign new sponsorship agreement.
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-044
A RESOLUTION AUTHORIZING SPONSORSHIP OF THE
HIGH-QUALITY JOBS APPLICATION WITH THE IOWA
ECONOMIC DEVELOPMENT AUTHORITY, FOR
INTERNATIONAL PAPER COMPANY, FOR THE ADDITION
OF UP TO 90 JOBS ASSOCIATED WITH THEIR NEW
BUSINESS AT 3230 LEVERSEE ROAD, AND AUTHORIZING
THE COMMUNITY PLANNING AND DEVELOPMENT
DIRECTOR TO EXECUTE SAID APPLICATION.
WHEREAS, International Paper Company has proposed the establishment of a new
business operation at 3230 Leversee Road in Waterloo, Iowa, which is projected to create up to
90 new high-quality jobs; and
WHEREAS, the City of Waterloo is committed to economic development and enhancing
job opportunities for its citizens; and
WHEREAS, the Iowa Economic Development Authority’s High-Quality Jobs Program
provides tax incentives to businesses that create high-paying jobs and generate significant
economic development in the state; and
WHEREAS, the City of Waterloo wishes to sponsor International Paper Company’s
application to the High-Quality Jobs Program to facilitate the company's expansion and support
its significant economic contribution to the community;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The City of Waterloo hereby supports and sponsors the High-Quality Jobs Application
with the Iowa Economic Development Authority for International Paper Company’s new
business venture.
2. Upon successful application and job creation, the city will engage with International
Paper Company to ensure compliance with the program’s standards and monitor the economic
impact on the community.
3. The Community Planning and Development Director is authorized and directed to
execute said documents on behalf of the City of Waterloo, Iowa.
st
PASSED AND ADOPTED this 21 day of January 2025.
________________________
ATTEST: Ray Feuss, Mayor Pro Tem
_____________________________
Nancy Higby, Deputy City Clerk
SEAL
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-044
A RESOLUTION AUTHORIZING SPONSORSHIP OF THE
HIGH -QUALITY JOBS APPLICATION WITH THE IOWA
ECONOMIC DEVELOPMENT AUTHORITY, FOR
INTERNATIONAL PAPER COMPANY, FOR THE ADDITION
OF UP TO 90 JOBS ASSOCIATED WITH THEIR NEW
BUSINESS AT 3230 LEVERSEE ROAD, AND AUTHORIZING
THE COMMUNITY PLANNING AND DEVELOPMENT
DIRECTOR TO EXECUTE SAID APPLICATION.
WHEREAS, International Paper Company has proposed the establishment of a new
business operation at 3230 Leversee Road in Waterloo, Iowa, which is projected to create up to
90 new high -quality jobs; and
WHEREAS, the City of Waterloo is committed to economic development and enhancing
job opportunities for its citizens; and
WHEREAS, the Iowa Economic Development Authority's High -Quality Jobs Program
provides tax incentives to businesses that create high -paying jobs and generate significant
economic development in the state; and
WHEREAS, the City of Waterloo wishes to sponsor International Paper Company's
application to the High -Quality Jobs Program to facilitate the company's expansion and support
its significant economic contribution to the community;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The City of Waterloo hereby supports and sponsors the High -Quality Jobs Application
with the Iowa Economic Development Authority for International Paper Company's new
business venture.
2. Upon successful application and job creation, the city will engage with International
Paper Company to ensure compliance with the program's standards and monitor the economic
impact on the community.
3. The Community Planning and Development Director is authorized and directed to
execute said documents on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 21' day of January 2025.
ATTEST:
9Viu tgy
NancyHi bY, Deputy itYClClerk
SEAL
IN
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Ray Feuss, Mayor Pro Tem