HomeMy WebLinkAbout2012-122-02/06/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-122
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH FEPH-
ACQUISITIONS FUND II, LLC FOR THE
CONSTRUCTION OF A NEW 13,225 SQUARE FOOT CVS
PHARMACY LOCATED AT THE NORTHEAST CORNER OF
FRANKLIN STREET AND HIGHWAY 63, AS
FEBRUARY 20, 2012, AT 5:30 P.M. IN CITY HALL
COUNCIL CHAMBERS, WATERLOO, IOWA AND
INSTRUCTING THE CITY CLERK TO PUBLISH THE
NOTICE OF HEARING.
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 at City Hall Council Chambers in the City of
Waterloo, Iowa at 5:30 p.m. on the 20th day of February, 2012,
for the purpose of considering and acting upon a proposed
Development Agreement with FEPH-Acquisitions Fund II, LLC for
the construction of a new 13,225 square foot CVS Pharmacy
located at the northeast corner of Franklin Street and Highway
63, with a minimum taxable value of $1,500,000.00, and legally
described as follows:
A portion of Cooley's Addition, City of Waterloo, Black
Hawk County, Iowa, more particularly described as
follows:
Beginning at the most Southerly corner of Lot One (1)
in Block Sixty -Four (64) of said Cooley's Addition;
Thence North 49°05'59" West on the Northeasterly right
of way line of Franklin Street, 442.18 feet to the East
right of way line of Mullan Avenue (also known as US
Highway 63);
Thence North 1°09'14" West on said right of way line,
189.59 feet; Thence North 8°18'48" East on said right
of way line, 23.75 feet to the beginning of a 289.14 -
foot radius curve concave Easterly and having a long
chord of 138.40 feet bearing North 22°45'20" East;
Thence Northeasterly on the arc of said curve and on
said right of way line, 139.76 feet;
Thence North 1°09'14" West on said right of way line,
10.86 feet to the Southwesterly right of way line of
Walnut Street;
Thence South 49°06'06" East on said right of way line,
6.78 feet to the beginning of a 289.14 -foot radius
curve concave Southeasterly and having a long chord of
32.99 feet bearing North 41°28'25" East; Thence
Northeasterly on the arc of said curve, 33.00 feet to
the beginning of a 10.00 -foot radius curve concave
Southerly and having a long chord of 11.54 feet bearing
North 79°59'50" East; Thence Easterly on the arc of
said curve, 12.31 feet;
Thence South 64°44'56" East, 24.04 feet to the
beginning of a 100.00 -foot radius curve concave
Northerly and having a long chord of 43.20 feet bearing
South 17°13'21" East;
Thence Easterly on the arc of said curve, 43.54 feet to
the South right of way line of Almond Street;
Resolution 2012-122
Page 2
Thence South 89°41'45" East on said right of way line,
236.86 feet to the West right of way line of Clay
Street;
Thence South 0°51'01" East on said West right of way
line and its Southerly prolongation, 298.78 feet to the
Southwesterly right of way line of Walnut Street;
Thence South 49°06'06" East on said Southwesterly right
of way line, 55.06 feet to the most Easterly corner of
Lot Sixteen (16) in said Block 64;
Thence South 40°43'41" West on the Southeasterly line
of said Lot 16 and its Southwesterly prolongation,
160.07 feet to the most Northerly corner of Lot Two (2)
in said Block 64;
Thence South 49°02'30" East on the Northeasterly line
of said Lot 2 and the Northeasterly line of Lot One (1)
in said Block 64, 121.93 feet to the most Easterly
corner of said Lot 1;
Thence South 40°43'41" West on the Northwesterly right
of way line of East 2nd Street, 140.20 feet to the
point of beginning.
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 6th day of February, 2012.
ATTEST:
Suzy Sc ares, CMC
City Clerk
rimiest G. Clark, Mayor