HomeMy WebLinkAboutMinutes-09/11/2017COUNCIL WORK SESSION
September 11, 2017
4:50 p.m.
Harold E. Getty Council Chambers
Members present: Jacobs, Morrissey, Powers, Lind, Amos, Schmitt, and Welper. Absent: Mr.
Jacobs.
Moved by Schmitt seconded by Powers that the Agenda, as proposed, be approved. Voice vote -
Ayes: Six. Motion carried.
Objective: Development update from John Rooff.
John Rooff, 1509 Commercial Street, provided an update of his development projects in
Waterloo. The majority of homes the company has worked on are in Waterloo's 3rd and 4th
Wards. Sixty homes have been built so far in these wards and 38 have been built through
development agreements and 22 houses were built without any agreement. However incentive
packages were obtained through enterprise loans with the State of Iowa and various grants at the
state and federal level. The taxable value on the 60 homes is approximately $6 million. He
further explained the conflict that exists with the lots at Baltimore field, Williston field, Tiller
Park, and Lafayette School is due to the dissolution of his partnership with Jim Ellis, and the lots
are being divided between the two. He is now working to continue developing and selling
homes in these locations.
Noel Anderson, Community Planning Development Director, explained that they have been
working with attorneys on the split between the two partners and are figuring out how to re-
arrange the development agreements.
Mr. Welper questioned if Mr. Ellis has sold the spec house at Baltimore field.
John Rooff stated he did not believe so.
Mr. Schmitt questioned the dollar amount of maintaining city -owned undeveloped lots.
John Rooff explained how the amount was determined over a ten year period.
Mr. Morrissey questioned the status of the homes at St. Joseph's square.
John Roof explained they were sold to an investment company.
Mr. Morrissey requested clarification of the number of homes that have been built.
John Rooff provided an explanation.
Mr. Welper questioned the average price of home sold on the east side.
John Roof explained the homes on the eastside are being appraised at approximately $150,000,
however it varies depending on the specific area of the home.
With no further business before the Council, it was moved by Schmitt seconded by Amos that
the meeting be adjourned at 5:06 p.m. Voice -vote Ayes: Six. Motion carried.
Kelley Felc ;e
City Clerk