HomeMy WebLinkAbout2013-486-06/10/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-486
RESOLUTION APPROVING ASSIGNMENT OF REBATES
UNDER PRIOR DEVELOPMENT AGREEMENT WITH
VETERAN ENTERPRISES, LTD. FOR PROPERTY
LOCATED AT 720 NORTH ELK RUN ROAD.
WHEREAS, Veteran Enterprises, Ltd. entered into a Development
Agreement with the City of Waterloo, Iowa for the development of
property located at 720 North Elk Run Road, and
WHEREAS, the developer was given tax rebates for the added
value of the project, and
WHEREAS, the property owner's name has been changed for
business purposes and the Development Agreement states that
assignment of tax rebates is eligible and that the Assignment of
Rebates will allow, Vets Truck Wash Inc., 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 720 North Elk Run Road, be and the same is hereby
approved.
PASSED AND ADOPTED this
ATTEST:
� h
7
SuzySch res, CMC
City Cle k
10th day of June, 2013.
�7 41,V
rnest G. Clark, Mayor