HomeMy WebLinkAbout2012-1173-12/17/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1173
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH HYDRITE CHEMICAL COMPANY OF WATERLOO,
IOWA AND DIRECTING EXECUTION OF SAID
AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated December 17, 2012, for a
9,400 square foot expansion to an existing industrial building in
the Airport TIF District, adding $300,000.00 of taxable value to
the site, and offering tax rebates for 5 years at 50 percent, by
and between Hydrite Chemical Company of Waterloo, Iowa and the
City of Waterloo, Iowa, be and the same is hereby approved, and
the Mayor and City Clerk authorized to execute the same in behalf
of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 17th d& of December. 212.
nest G. Clark, Mayor
ATTEST:
uzy Sc ar CMC
City Clerk