HomeMy WebLinkAbout2016-888-11/7/2016Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-888
RESOLUTION APPROVING A DEVELOPMENT AGREEMENT
BETWEEN BRADLEY AND AUBRY BALDWIN AND THE CITY OF
WATERLOO FOR THE CONSTRUCTION OF A 5,000 SQUARE
FOOT COMMERCIAL BUILDING IN THE MARTIN ROAD TIF
DISTRICT, WITH A MINIMUM ASSESSED VALUE OF
$350,000, AUTHORIZING A GRANT OF $75,000, AND AUTHORIZE
MAYOR AND CITY CLERK TO EXECUTE ALL NECESSARY
DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated November 7, 2016, between Bradley and Aubry Baldwin
and the City of Waterloo, Iowa, for the construction of a 5,000 square foot commercial building
in the Martin Road TIF District, with a minimum assessed value of $350,000, authorizing a grant
of $75,000, is hereby approved and the Mayor and City Clerk are authorized and directed to
execute the same on behalf of the City of Waterloo.
PASSED AND ADOPTED this 7th day of November, 2016.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle
City Clerk