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Council releases mortgage for All In Grocery; owner updates council on health and project status
Summary
The council approved a release of a city mortgage placed as a condition of a prior development agreement after staff determined the lender requirements (sections 2 and 3) had been satisfied. Owner Kerry Sutherland briefed council on cancer treatment and said he remains committed to completing the All In Grocery project.
The Waterloo City Council on Aug. 25 adopted a resolution releasing a mortgage the city held on property developed for All In Grocery, after city staff said the developer met the contractual requirements that triggered release. Staff advised the mortgage impeded a planned property closing and release of the mortgage would clear title for a purchaser.
Noel Anderson, community planning and development director, told the council the city had provided a $400,000 grant toward land acquisition for the All In…
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