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HomeMy WebLinkAbout2012-845-08/20/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703. RESOLUTION NO. 2012-845 RESOLUTION APPROVING MULTIPLE OBLIGEE RIDER WITH WATERLOO DEVELOPMENT CORPORATION AND CARDINAL CONSTRUCTION OF WATERLOO, IOWA AND DIRECTING EXECUTION OF SAID RIDER BY MAYOR. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the Multiple Obligee Rider dated August 20, 2012, adding the City of Waterloo as an additional obligee under the post - construction maintenance bond as part of the Cedar Valley SportsPlex project, by and between Waterloo Development Corporation, Cardinal Construction of Waterloo, Iowa and the City of Waterloo, Iowa, be and the same is hereby approved, and the Mayor authorized to execute the same in behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 20th day of August, 2012. r Ernest G. Clark, Mayor ATTEST: Suzy Sch res, CMC City Cie k