HomeMy WebLinkAbout2017-139-2/20/2017(RECORDED)IlI,
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Recorded: 08/15/2017 at 01:00:51 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER
F11e2018-00002754
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-139
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
BETWEEN CITY OF WATERLOO AND BCS PROPERTIES, LLC FOR
THE CONSTRUCTION OF A $2 MILLION COMMERCIAL
BUILDING, TIED TO THE OVERALL DEVELOPMENT OF 10 ACRES
OF LAND, WITH 15 YEARS AT 95% TAX REBATES, GENERALLY
LOCATED NORTHEAST OF THE INTERSECTION OF EAST
RIDGEWAY AVENUE AND HIGHWAY 63, 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 Development Agreement dated February 20, 2017, between the City of Waterloo,
Iowa and BCS Properties, LLC, for the construction of a $2 million commercial building, tied to
the overall development of 10 acres of land, with 15 years at 95% tax rebates, generally located
northeast of the intersection of East Ridgeway Avenue and Highway 63, 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 20th day of February 2017.
ATTEST:
1
Kelley Fele
City Clerk
Quentin Hart, Mayor
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2017-139, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 20th day of February 2017.
Witness my hand and seal of office this 20th day of February 2017.
SEAL
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