HomeMy WebLinkAbout2016-461-6/13/2016 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-461
RESOLUTION APPROVING A DEVELOPMENT AGREEMENT
BETWEEN NO STEPS, LLC (PDCM INSURANCE) AND THE CITY
OF WATERLOO FOR THE $600,000 RENOVATION OF 3022
AIRPORT BOULEVARD IN THE AIRPORT TIF DISTRICT,
OFFERING FIVE YEARS AT 50% TAX REBATES, AND
AUTHORIZE MAYOR AND CITY CLERK TO EXECUTE ALL
NECESSARY DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated June 13, 2016, between No Steps, LLC (PDCM
Insurance) and the City of Waterloo, Iowa, for the $600,000 renovation of 3022 Airport
Boulevard in the Airport TIF District, offering tax rebates for five years at fifty percent, is hereby
approved and the Mayor and City Clerk are authorized and directed to execute the same on
behalf of the City of Waterloo.
PASSED AND ADOPTED this 13th day of June 2016.
Quentin Hart, Mayor
ATTEST:
1
Kelley F c le
Deputy City Clerk