City of Waterloo Council Meeting Agenda Packet March 17 2025
Crystal Distribution Scores Major Expansion Incentive Deal
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Description
Crystal Distribution Services, Inc., secured a development agreement for a $24.5M investment, tax rebates, and a $137K grant for facility expansion at 1650 Sycamore St.
Contract Details
Contract Amount
$24,538,570.00 (minimum assessment), $137,000.00 (grant), plus 70% tax rebates for 15 years
Vendor
CRYSTAL DISTRIBUTION SERVICES INC
Agency
Waterloo Housing Authority, IA
Contract Type
OTHER
Document Date
March 17, 2025
Contract Term
Fifteen years (tax rebate portion)
Renewal Info
Tax rebates for 15 years from start of project.
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