HomeMy WebLinkAbout2025-363-06.16.2025.docDocusign 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. 2025-363
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH ZYDECO
INVESTMENTS, LLC, WITH A MINIMUM ASSESSED
VALUE OF $3,000,00.00, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo seeks to support economic development and enhance
its tax base through strategic development agreements; and
WHEREAS, Zydeco Investments, LLC has proposed a development project for city
property, promising substantial community and economic benefits; and
WHEREAS, the Development and Minimum Assessment Agreement stipulates a
minimum assessed value of $3,000,000.00 for the property, ensuring a stable increase in the
city's tax base; and
WHEREAS, such development projects align with and further the city's goals for
economic growth and sustainable urban development;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The City Council approves the Development and Minimum Assessment Agreement
with Zydeco Investments, LLC, setting a minimum assessed value of $3,000,000.00.
2. The city reaffirms its commitment to supporting projects that enhance economic
development and sustainability, benefiting the wider Waterloo community.
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.
p-DocuSigned by:
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Quentin Hart, Mayor
ATTEST:
—Signed by: e
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Nancy I- gDy°ieptity City Clerk
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