HomeMy WebLinkAbout2013-1025-12/09/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-1025
RESOLUTION APPROVING AMENDMENT TO DEVELOPMENT
AGREEMENT AND AMENDMENT TO MINIMUM ASSESSMENT
AGREEMENT WITH CEDAR VALLEY WAREHOUSE, LLC OF
WATERLOO, IOWA AND DIRECTING EXECUTION OF
SAID AMENDMENTS BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Amendment to Development Agreement and Amendment to
Minimum Assessment Agreement dated December 9, 2013, for the
building located at 2843 Geraldine Road, to specify when the 5
years of tax rebates at 50 percent will be given, and to change
the ending dates back one year of when the Minimum Assessment
Agreement will end, based on the dates of the rebates being
specified, by and between Cedar Valley Warehouse, LLC of
Waterloo, Iowa and the City of Waterloo, Iowa, be and the same is
hereby approved, and the Mayor and City Clerk authorized to
execute the same in behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 9th day of December, 2013.
Ernest G. Clark, Mayor
ATTEST:
Suzy Schres, CMC
City Cle k