HomeMy WebLinkAbout2016-433-6/13/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-433
RESOLUTION APPROVING THE USE OF NOT TO EXCEED
$750,000 IN SAN MARNAN URBAN RENEWAL AREA TAX
INCREMENT FINANCING FUNDS FOR THE ACQUISITION
OF PROPERTY GENERALLY LOCATED IN THE SAN
MARNAN TIF DISTRICT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the use of San Marnan Urban Renewal Area Tax Increment Financing funds for the acquisition
of property generally located in the San Marnan TIF District from L&H Farms, Inc, in an amount
not to exceed $750,000, be and the same is hereby approved.
PASSED AND ADOPTED this 13th day of June, 2016.
Quentin Hart, Mayor
ATTEST:
elley Felce
Deputy City Jerk