HomeMy WebLinkAbout2025-361-06.16.2025.doc (RECORDED) Docusign Envelope ID:C5437E67-2B88-4253-9B6F-D49108784CF5
2025-13376
RECORDED:09/11/2025 03:46:07 PM
RECORDING FEE:$7.00
REVENUE TAX:$
COMBINED FEE:$7.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2025-361
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH CEDAR
RIVER CONTRACTING, WITH A MINIMUM ASSESSED
VALUE OF $3,000,00.00, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, Cedar River Contracting has proposed a development project that aligns
with these goals, contributing to local economic enhancement; and
WHEREAS, the Development and Minimum Assessment Agreement ensures that the
subject property will maintain a minimum assessed value of$3,000,000.00, thereby enhancing
the tax base and ensuring stable revenue for municipal services; and
WHEREAS, the City Council deems it in the public interest to enter into this agreement
to promote sustainable development and financial stability;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The City Council hereby approves the Development and Minimum Assessment
Agreement with Cedar River Contracting, setting a minimum assessed property value of
$3,000,000.00.
2. The City reaffirms its dedication to infrastructural and economic development that
benefits the community at large by supporting initiatives that align with the city's growth
objectives.
3. 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 16th day of June 2025.
r—DocuSigned by:
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Quentin Hart, Mayor
ATTEST:
;Signed by:
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r�° Bgrtkputy City Clerk
SEAL
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Docusign Envelope ID: C5437E67-2B88-4253-9B6F-D49108784CF5
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-361
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH CEDAR
RIVER CONTRACTING, WITH A MINIMUM ASSESSED
VALUE OF $3,000,00.00, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, Cedar River Contracting has proposed a development project that aligns
with these goals, contributing to local economic enhancement; and
WHEREAS, the Development and Minimum Assessment Agreement ensures that the
subject property will maintain a minimum assessed value of $3,000,000.00, thereby enhancing
the tax base and ensuring stable revenue for municipal services; and
WHEREAS, the City Council deems it in the public interest to enter into this agreement
to promote sustainable development and financial stability;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The City Council hereby approves the Development and Minimum Assessment
Agreement with Cedar River Contracting, setting a minimum assessed property value of
$3,000,000.00.
2. The City reaffirms its dedication to infrastructural and economic development that
benefits the community at large by supporting initiatives that align with the city's growth
objectives.
3. 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 16th day of June 2025.
DocuSigned by:
c
k tkaYIL
Quent ri an, ayor
ATTEST:
Signed by:
iIIVBF,156puty City Clerk
SEAL