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HomeMy WebLinkAbout2017-10-1/3/2017Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2017-10 RESOLUTION APPROVING AN AGREEMENT WITH AVITA DEVELOPMENTS, LLC AND THE CITY OF WATERLOO, TO REWORD HOW THE INCENTIVES ARE PAID, FOR PROJECT AT 2413 WEST RIDGEWAY AVENUE, AND AUTHORIZE 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 a Development Agreement dated January 3, 2017, between Avita Developments, LLC and the City of Waterloo, Iowa, re -wording the calculation of incentive payments, for the development of a new medical office at 2413 West Ridgeway Avenue, 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 3rd day of January, 2017. Quentin Hart, Mayor ATTEST: LeAnn l Even Deputy City Clerk 1111111111111111111111111111111111111 Doc ID. 007594440001 Type: Recorded: 04/05/2017 at 04:00:37 PM Fee Amt: $7.00 Page 1 of 1 Black Hawk County Iowa SANDIE L. SMITH RECORDER File2017-00017462 Prepared by LeAnn M. Even, Deputy Clerk City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2017-10 RESOLUTION APPROVING AN AGREEMENT WITH AVITA DEVELOPMENTS, LLC AND THE CITY OF WATERLOO, TO REWORD HOW THE INCENTIVES ARE PAID, FOR PROJECT AT 2413 WEST RIDGEWAY AVENUE, AND AUTHORIZE 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 a Development Agreement dated January 3, 2017, between Avita Developments, LLC and the City of Waterloo, Iowa, re -wording the calculation of incentive payments, for the development of a new medical office at 2413 West Ridgeway Avenue, 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 3`a day of January, 2017. LeAnn. Even Deputy ity Clerk uentin Hart, Mayor