HomeMy WebLinkAbout2019-480-06/24/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-480
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
JULY 15, 2019, TO AUTHORIZE THE SALE AND
CONVEYANCE OF PROPERTY LOCATED EAST OF 1994
NEWELL STREET, TO OFI PROPERTIES, LLC, (CONTROL),
IN THE AMOUNT OF $1.00, AND TO APPROVE A
DEVELOPMENT AGREEMENT WITH GRANT FUNDS AND
TAX REBATES, AND MINIMUM ASSESSMENT
AGREEMENT, FOR THE DEVELOPMENT OF A 203,953
SQUARE FOOT BUILDING, AND INSTRUCT CITY CLERK
TO PUBLISH SAID NOTICE.
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 15th day of July 2019,
for the purpose of considering and acting upon authorizing the sale and conveyance of property
located east of 1994 Newell Street, to OFI Properties, LLC, (ConTrol), in the amount of$1.00,
and to approve a Development Agreement with grant funds and tax rebates, and Minimum
Assessment Agreement, for the development of a 203,953 square foot building.
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 24th day of June 2019.
Di—AsrY1%1TCA')--
y Quentin Hart, Mayor
ATTEST:
a/���
(el ey Felc
City Clerk