HomeMy WebLinkAbout2016-809-10/10/2016Prepared by Kelley Felchle, City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703,(319)291-4323.
RESOLUTION NO. 2016-809
RESOLUTION APPROVING AMENDMENT TO MASTER
DEVELOPMENT AGREEMENT FOR NORTH CROSSING,
LLC AND THE REDEVELOPMENT OF THE LOGAN PLAZA
AREA, TO ALLOW FOR THE SAME AMOUNT OF
INVESTMENT IN THE SAME TIMELINE, BUT ALTERING
THE DETAILS OF PHASES BASED ON TENANT INTEREST,
AND AUTHORIZE THE MAYOR AND CITY CLERK TO SIGN
AND FULLY EXECUTE ALL NECESSARY DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Amendment to the Master Development Agreement dated October 10, 2016, between
North Crossing, LLC and the City of Waterloo, Iowa, for the redevelopment of the Logan Plaza
area, to allow for the same amount of investment in the same timeline, but altering the details of
phases based on tenant interest, is hereby approved and the Mayor and City Clerk are authorized
and directed to execute the same on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 10t` day of October, 2016.
r
Quentin
ATTEST:
Kelley Felc e
City Clerk