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Docusign Envelope ID: E34EFEFE-BC09-410C-B60C-8BE932E5F543
2026-01018
RECORDED: 01/23/2026 03:29:00 PM
RECORDING FEE: $7.00
REVENUE TAX: $
COMBINED FEE: $7.00
SANDIE L. SMITH, RECORDER
BLACK HAWK COUNTY, IOWA
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
,4;i Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-736
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH MARKKEY INVESTMENTS, LLC FOR
TAX REBATES OF FOUR YEARS AT FIFTY PERCENT, ON
SUBSTANTIALLY COMPLETED IMPROVEMENTS
LOCATED AT 3135 TITAN TRAIL, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
WHEREAS the City of Waterloo, Iowa, seeks to promote economic development and
property improvements within the community; and
WHEREAS, Markkey Investments, LLC, proposes substantially completed
improvements at 3135 Titan Trail and requests a Development Agreement incorporating tax
rebates as follows:
• Four years at fifty percent (50%) tax rebate on qualifying improvements.
WHEREAS, this agreement fosters investment and aligns with the City's strategic goals
for economic vitality and property enhancement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1 . The Development Agreement with Markkey Investments, LLC, providing a fifty
percent tax rebate for four years, is hereby approved.
2. The Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 15th day of December 2025.
,—DocuSigned by:
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Quentin Hart, Mayor
ATTEST:
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Kelley Felchle, City Clerk
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