HomeMy WebLinkAbout2013-860-10/21/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-860
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
WITH R & S COMMERCIAL 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 October 21, 2013, for the
development of a new 5,200 square foot warehouse and office in
the Rath area, valued at $240,000.00, with City acquisitions of
1027 and 1025 Sycamore Street at $169,000.00, with closing costs
up to $10,000.00, by and between R & S Commercial 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 21St day of October, 2013.
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E nest G. Clark, Mayor
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