HomeMy WebLinkAbout2026-282-05.18.2026.docDocusign Envelope ID: 4E141 DC0-92E1-8004-81 E8-088ECDB35EBC
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-282
RESOLUTION APPROVING A LETTER OF INTENT AND
LICENSE AGREEMENT WITH MCDONALD'S USA, LLC,
FOR PROPERTY LOCATED IN THE 100 BLOCK OF
COMMERCIAL STREET BETWEEN W. 1ST STREET AND W.
MULLAN AVENUE AND AUTHORIZING THE MAYOR TO
EXECUTE SAID DOCUMENT.
WHEREAS the City of Waterloo, Iowa, has determined it to be in the best interests of
the City to enter into a Letter of Intent and License Agreement with McDonald's USA, LLC, for
property located in the 100 block of Commercial Street between W. 1st Street and W. Mullan
Avenue, Waterloo, Iowa; and
WHEREAS, the proposed Letter of Intent and License Agreement sets forth the terms
and conditions regarding the use of said property; and
WHEREAS, the City Council finds that approval of said Letter of Intent and License
Agreement serves a public purpose and is in the best interests of the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Letter of Intent and License Agreement with McDonald's USA, LLC, for
property located in the 100 block of Commercial Street between W. 1st Street and W. Mullan
Avenue, Waterloo, Iowa, is hereby approved.
2. The Mayor is authorized and directed to execute said document on behalf of the City
of Waterloo, Iowa.
PASSED AND ADOPTED this 18th day of May 2026.
ATTEST:
"—Signed by:
Kelley f cld &
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Kelley telchle, City Clerk
Signed by:
—393 8 7B3D3421...
David Eoesen, Mayor