HomeMy WebLinkAbout2026-303-06.01.2026.doc (RECORDED) B
Docusign Envelope ID: 4E141DC0 92E1 80Q4 81E8 088ECD 35EBC 2026-
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RECORDED: 06/09/2026 03:33:15 PM
RECORDING FEE: $7.00
REVENUE TAX: $
COMBINED FEE: $7.00
SANDIE L. SMITH, RECORDER
BLACK HAWK COUNTY, IOWA
1` L1 LL ed ,!c
Prepared by LeAnn M. Even, Deputy CityClerk, Cityof Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291 -4323.
RESOLUTION NO. 2026-303
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH HIGHLANDS
ENTERPRISES, LLC, FOR THE RENOVATION OF
PROPERTY LOCATED AT 4000 UNIVERSITY, INCLUDING
FIFTEEN YEARS AT FIFTY PERCENT REBATES AND A
MINIMUM ASSESSED VALUE OF $5,500,000.00, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
WHEREAS, Highlands Enterprises, LLC has proposed the renovation of property located
at 4000 University, Waterloo, Iowa; and
WHEREAS, the proposed project includes fifteen (15) years of fifty percent (50%)
rebates as set forth in the Development and Minimum Assessment Agreement and related
documents; and
WHEREAS, the proposed development will establish a minimum assessed value of
$5,500,000.00; and
WHEREAS, the City Council finds that approval of the Development and Minimum
Assessment Agreement and related documents with Highlands Enterprises, LLC is in the best
interests of the City and will promote redevelopment and investment 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 and related documents
between the City of Waterloo, Iowa, and Highlands Enterprises, LLC, for the renovation of
property located at 4000 University, including fifteen (15) years of fifty percent (50%) rebates
and a minimum assessed value of $5,500,000.00, are 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 I st day of June 2026.
/ Signed by:
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David Boesen, Mayor
ATTEST:
/—Signed by:
Why f elect
KefIeycrentee 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. 2026-303
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH HIGHLANDS
ENTERPRISES, LLC, FOR THE RENOVATION OF
PROPERTY LOCATED AT 4000 UNIVERSITY, INCLUDING
FIFTEEN YEARS AT FIFTY PERCENT REBATES AND A
MINIMUM ASSESSED VALUE OF $5,500,000.00, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
WHEREAS, Highlands Enterprises, LLC has proposed the renovation of property located
at 4000 University, Waterloo, Iowa; and
WHEREAS, the proposed project includes fifteen (15) years of fifty percent (50%)
rebates as set forth in the Development and Minimum Assessment Agreement and related
documents; and
WHEREAS, the proposed development will establish a minimum assessed value of
$5,500,000.00; and
WHEREAS, the City Council finds that approval of the Development and Minimum
Assessment Agreement and related documents with Highlands Enterprises, LLC is in the best
interests of the City and will promote redevelopment and investment 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 and related documents
between the City of Waterloo, Iowa, and Highlands Enterprises, LLC, for the renovation of
property located at 4000 University, including fifteen (15) years of fifty percent (50%) rebates
and a minimum assessed value of $5,500,000.00, are hereby approved.
2. The Mayor and City Clerk are authorized and directed to execute said document on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 1st day of June 2026.
5Signed by:
aNitibt 15OGSUA,
s$s es3aiBsD3a21...
Davi Boesen, Mayor
ATTEST:
Signed by:
Ke ieyr elcnle, City Clerk
SEAL
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