Development Agreement Completed

BOONE, Iowa---Proposed changes to a development agreement between the City of Boone and Wal~Mart have been accepted by Wal~Mart.  Last month, the Council sought changes to the agreement including an increase in the cost of making traffic improvements should they be required after Wal~Mart relocates on the south side of Boone.  Boone Mayor John Slight says the agreement is not so much for Wal~Marts project, but to provide assistance to the City if traffic issues arise.  Part of the agreement includes a $75,000 letter of credit for any possible future work to be determined within 2-years of the new store opening.