City of Waterloo Council Meeting Agenda Packet March 2025
Development Agreement Secures Expansion at 1651 Sycamore
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Description
Crystal Distribution Services, Inc. entered into a development agreement with the City including a $659,060 minimum assessment for the rehab of 1651 Sycamore and new shop buildout. This measure secures city investment and future tax base.
Contract Details
Contract Amount
Minimum Assessment Agreement of $659,060.00
Vendor
CRYSTAL DISTRIBUTION SERVICES INC
Agency
Waterloo Housing Authority, IA
Contract Type
OTHER
Document Date
March 3, 2025
Renewal Info
Minimum assessment agreement is binding for assessment period; amendments require council action.
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