HomeMy WebLinkAbout2012-849-8/20/2012 Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703 .
RESOLUTION NO. 2012-849
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH CEDAR
VALLEY WAREHOUSE, LLC FOR THE CONSTRUCTION OF
A 40, 000 SQUARE FOOT INDUSTRIAL BUILDING IN
THE AIRPORT TIF DISTRICT, AS SEPTEMBER 4,
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 4th day of September, 2012,
for the purpose of considering and acting upon a proposed
Development Agreement with Cedar Valley Warehouse, LLC for the
construction of a 40, 000 square foot industrial building in the
Airport TIF District, adding $1, 200, 000 . 00 of taxable value to
the site, and offering 5 years at 50 percent tax rebates to the
company, plus a grant to purchase the property for $221, 350 . 00,
and legally described as follows :
Approximately 4 acres of land lying within either or
both of assessor parcel nos . 8913-08-226-012 and 8913-
08-226-014, to be platted as, or as a portion of, South
Port Second Addition, all in the City of Waterloo,
Black Hawk County, Iowa.
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 20th day of August, 2012 .
Ernest G. Clark, Mayor
ATTEST:
Suzy Sch res, CMC
City Cl rk