HomeMy WebLinkAbout2016-434-6/13/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-434
RESOLUTION APPROVING THE USE OF NOT TO EXCEED
$750,000 IN SAN MARNAN URBAN RENEWAL AREA TAX
INCREMENT FINANCING FUNDS FOR AN ECONOMIC
DEVELOPMENT GRANT FOR THE CONSTRUCTION OF A
BUILDING.
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 to make an
economic development grant to VGM Management, Ltd. for the construction of a new building,
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:
1
Kelley Felchlh
Deputy City &erk