HomeMy WebLinkAbout2013-748-09/09/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-748
RESOLUTION RESETTING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH SHRI
GANAPATI AND BAJRANGBALI, INC. D/B/A
FAIRFIELD INN & SUITES FOR THE CONSTRUCTION
OF A NEW 81 ROOM, MULTI -STORY HOTEL
DEVELOPMENT LOCATED AT THE SOUTHEAST CORNER
OF CROSSROADS BOULEVARD AND BOPP STREET,
ADDING $2.64 MILLION IN TAXABLE VALUE TO THE
SITE, AND TAX REBATES FOR 8 YEARS AT 50
PERCENT, AS SEPTEMBER 16, 2013, AT 5:30 P.M.
IN CITY HALL COUNCIL CHAMBERS, WATERLOO, IOWA
AND INSTRUCTING THE CITY CLERK TO PUBLISH THE
NOTICE OF HEARING.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
AS FOLLOWS:
Section 1. That the Council of the City of Waterloo, Iowa
shall meet at City Hall Council Chambers in the City of
Waterloo, Iowa at 5:30 p.m. on the 16th day of September, 2013,
for the purpose of considering and acting upon a proposed
Development Agreement with Shri Ganapati and Bajrangbali, Inc.
d/b/a Fairfield Inn & Suites for the construction of a new 81
room, multi -story hotel development located at the southeast
corner of Crossroads Boulevard and Bopp Street, adding $2.64
million in taxable value to the site, and tax rebates for 8
years at 50 percent, and legally described as follows:
Lot 2 of Crossroads Plat No. 10, in the City of
Waterloo, Black Hawk County, Iowa.
Section 2. That the City Clerk is hereby directed to
publish notice of the time and place of said hearing in the
Waterloo Courier.
PASSED AND ADOPTED this 9th day of September, 2013.
Xrnest G. Clark, Mayor
ATTEST:
Suzy Scha , CMC
City Clerk