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HomeMy WebLinkAbout2026-185-04.06.2026.docDocusign Envelope ID: DF81F433-1758-467D-A9D1-6EF66C296DDB Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-185 RESOLUTION AUTHORIZING SPONSORSHIP OF THE BUSINESS INCENTIVES FOR GROWTH APPLICATION WITH THE IOWA ECONOMIC DEVELOPMENT AUTHORITY, FOR ADVANCED HEAT TREAT, FOR SALE TAX EXEMPTION FOR THEIR NEW BUSINESS EXPANSION LOCATED AT 2851 BURTON AVENUE, AND AUTHORIZING THE COMMUNITY PLANNING AND DEVELOPMENT DIRECTOR TO EXECUTE SAID APPLICATION. WHEREAS, Advanced Heat Treat is proposing a new business expansion located at 2851 Burton Avenue, Waterloo, Iowa; and WHEREAS, Advanced Heat Treat seeks to apply to the Iowa Economic Development Authority under the Business Incentives for Growth (BIG) Program for sales tax exemption in connection with said expansion; and WHEREAS, the Business Incentives for Growth application requires sponsorship by the City of Waterloo, Iowa; and WHEREAS, the City Council finds it to be in the best interests of the City of Waterloo, Iowa, to sponsor the application of Advanced Heat Treat. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The City Council hereby authorizes sponsorship of the Business Incentives for Growth Application with the Iowa Economic Development Authority for Advanced Heat Treat, for sales tax exemption related to a new business expansion located at 2851 Burton Avenue, Waterloo, Iowa. 2. The Community Planning and Development Director is authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 6th day of April 2026. ATTEST: Kelley Felchle, City Clerk SEAL ti 3lI141UI11PlI11f1111I1 G Signed by: �cuuud. bbt,suA, a9a aiB Davi oejDsen,3a21 Mayor Q