HomeMy WebLinkAbout2013-992-11/25/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-992
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH MMC PROPERTIES, LLC OF WATERLOO, IOWA
AND DIRECTING EXECUTION OF SAID AGREEMENT BY
MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated November 25, 2013, for the
construction of a 10,000 square foot industrial building on Lot 2
of the South Port Addition (Geraldine Road), adding $352,000.00
of taxable value to the site, and offering a grant to purchase
property for $73,868.00, by and between MMC Properties, LLC of
Waterloo, Iowa and the City of Waterloo, Iowa, be and the same is
hereby approved, and the Mayor and City Clerk authorized to
execute the same in behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 25th day of November, 2013.
Ernest G. Clark, Mayor
ATTEST:
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