HomeMy WebLinkAbout2013-1027-12/09/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-1027
RESOLUTION APPROVING ASSIGNMENT OF REBATES
UNDER PRIOR DEVELOPMENT AGREEMENT WITH CEDAR
VALLEY WAREHOUSE, LLC FOR PROPERTY LOCATED AT
2843 GERALDINE ROAD.
WHEREAS, Cedar Valley Warehouse, LLC entered into a
Development Agreement with the City of Waterloo, Iowa for the
development of property located at 2843 Geraldine Road, and
WHEREAS, the developer was given tax rebates for the added
value of the project, and
WHEREAS, the property has been sold and the Development
Agreement states that assignment of tax rebates is eligible and
that the Assignment of Rebates will allow the new owner, Kinzler
Equities, LLC, to receive the tax rebates.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Assignment of Rebates for property
located at 2843 Geraldine Road, be and the same is hereby
approved.
PASSED AND ADOPTED this 9th day of December, 2013.
Ernest G. Clark, Mayor
ATTEST:
Suzy Schaes, CMC
City Clerk