HomeMy WebLinkAbout2018-494-7/2/2018Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-494
RESOLUTION SETTING A DATE OF PUBLIC HEARING AS
JULY 16, 2018 TO AUTHORIZE THE SALE AND
CONVEYANCE OF 1.5 ACRES OF CITY OWNED PROPERTY
FOR $1.00 COMMONLY KNOWN AS THE FORMER LOGAN
PLAZA AREA, AND ENTER INTO A DEVELOPMENT
AGREEMENT WITH AVITA DEVELOPMENTS, LLC, FOR
THE CONSTRUCTION OF A 5,300 SQ. FT. MEDICAL OFFICE
EXPANSION WITH A MINIMUM VALUE OF $1.1 MILLION
ADDED TO EXISTING VALUE, AND 5 YEARS AT 50% TAX
REBATES.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, AS
FOLLOWS:
Section 1. That the Council of the City of Waterloo, Iowa shall meet in the Harold E.
Getty Council Chambers at City Hall, Waterloo, Iowa at 5:30 p.m. on the 16th day of July 2018,
to authorize the sale and conveyance of 1.5 acres of City owned property for $1.00 commonly
known as the former Logan Plaza area, and enter into a Development Agreement with Avita
Developments, LLC, for the construction of a 5,300 sq. ft. medical office expansion with a
minimum value of $1.1 million added to existing value, and 5 years at 50% tax rebates.
Section 2. That the City Clerk is hereby directed to publish notice of the time and place
of said hearing in the Waterloo Courier.
PASSED AND ADOPTED this 2nd day of July 2018.
Kelley Felc:le
City Clerk
Quentin Hart, Mayor