HomeMy WebLinkAbout2012-992-10/08/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-992
RESOLUTION RESCINDING RESOLUTION NO. 2010-79
IN ITS ENTIRETY APPROVING DEVELOPMENT
AGREEMENT WITH D & L DEVELOPMENT CO. OF CEDAR
FALLS, IOWA.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that Resolution No. 2010-79 approving a Development Agreement
dated February 8, 2010, for the development of a 5,800 square
foot retail building generally located at the northwest corner of
Highway 63 and Heath Street (just north of the Logan Hy -Vee),
with a new minimum taxable value of $1 million and tax rebates
for 6 years at 100 percent, by and between D & L Development Co.
of Cedar Falls, Iowa and the City of Waterloo, Iowa, be and the
same is hereby rescinded in its entirety.
PASSED AND ADOPTED this 8th day of October, 2012.
Ernest G. Clark, Mayor
ATTEST:
uzy Sc es, CMC
City Clerk