HomeMy WebLinkAbout2026-302-06.01.2026.doc (RECORDED) Docusign Envelope ID:4E141DC0-92E1-8004-81E8-088ECDB35EBC 2026-10280
RECORDED:07/09/2026 03:49:02 PM
RECORDING FEE:$7.00
REVENUE TAX:$
COMBINED FEE:$7.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Preptired by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-302
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH BLACK
RIVER BELLS, LLC, FOR THE CONSTRUCTION OF AN
APPROXIMATELY 2,000 SQUARE-FOOT COMMERCIAL
BUILDING WITH A MINIMUM ASSESSED VALUE OF
$1,045,000.00, INCLUDING CURA TAX ABATEMENT,
LOCATED AT 2065 LOGAN AVENUE, AND AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
WHEREAS, Black River Bells, LLC has proposed the construction of an approximately
2,000 square-foot commercial building located at 2065 Logan Avenue, Waterloo, Iowa; and
WHEREAS, the proposed development will have a minimum assessed value of
$1,045,000.00; and
WHEREAS, the Development and Minimum Assessment Agreement includes CURA tax
abatement as set forth in said Agreement; and
WHEREAS, the City Council finds that approval of the Development and Minimum
Assessment Agreement with Black River Bells, LLC is in the best interests of the City and will
promote development within the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Development and Minimum Assessment Agreement between the City of
Waterloo, Iowa, and Black River Bells, LLC, for the construction of an approximately 2,000
square-foot commercial building at 2065 Logan Avenue, with a minimum assessed value of
$1,045,000.00, including CURA tax abatement as set forth in said Agreement, is hereby
approved.
2. The Mayor and City Clerk are authorized and directed to execute said document on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 1st day of June 2026.
Signed by:
`-39M139713303421._
David Boesen, Mayor
ATTEST:
,—Signed by:
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Ketley`b'e1c�ile, City Clerk
SEAL
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Docusign 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. 2026-302
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH BLACK
RIVER BELLS, LLC, FOR THE CONSTRUCTION OF AN
APPROXIMATELY 2,000 SQUARE -FOOT COMMERCIAL
BUILDING WITH A MINIMUM ASSESSED VALUE OF
$1,045,000.00, INCLUDING CURA TAX ABATEMENT,
LOCATED AT 2065 LOGAN AVENUE, AND AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
WHEREAS, Black River Bells, LLC has proposed the construction of an approximately
2,000 square -foot commercial building located at 2065 Logan Avenue, Waterloo, Iowa; and
WHEREAS, the proposed development will have a minimum assessed value of
$1,045,000.00; and
WHEREAS, the Development and Minimum Assessment Agreement includes CURA tax
abatement as set forth in said Agreement; and
WHEREAS, the City Council finds that approval of the Development and Minimum
Assessment Agreement with Black River Bells, LLC is in the best interests of the City and will
promote development within the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Development and Minimum Assessment Agreement between the City of
Waterloo, Iowa, and Black River Bells, LLC, for the construction of an approximately 2,000
square -foot commercial building at 2065 Logan Avenue, with a minimum assessed value of
$1,045,000.00, including CURA tax abatement as set forth in said Agreement, is hereby
approved.
2. The Mayor and City Clerk are authorized and directed to execute said document on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 1st day of June 2026.
ATTEST:
"—Signed by:
K.cllc yf
Kelley r elcnle; City Clerk
SEAL
IN r
�,� t 0
,—Signed by:
�auu� f ot-s A,
"-393E8397B3D342 1
David Boesen, Mayor