HomeMy WebLinkAbout2016-438-6/13/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-438
RESOLUTION APPROVING THE USE OF NOT TO EXCEED
$1,299,097 IN NORTHEAST INDUSTRIAL SITE URBAN
RENEWAL AREA TAX INCREMENT FINANCING FUNDS
FOR THE ACQUISITION OF PROPERTY GENERALLY
LOCATED IN THE NORTHEAST INDUSTRIAL SITE TIF
DISTRICT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the use of Northeast Industrial Site Urban Renewal Area Tax Increment Financing funds for the
acquisition of property generally located in the Northeast Industrial Site TIF District from
Willard Frost, in an amount not to exceed$1,299,097, be and the same is hereby approved.
PASSED AND ADOPTED this 13th day of June, 2016.
Quentin Hart, Mayor
ATTEST:
Kelley Felc le
Deputy City Clerk