HomeMy WebLinkAbout2020-198-03/23/2020 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo,IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-198
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
APRIL 6, 2020, TO AUTHORIZE THE SALE AND
CONVEYANCE OF PROPERTY LOCATED EAST OF 1994
NEWELL STREET, TO 4FI WATERLOO, LLC, AND
MATERIAL CONTROL SYSTEMS, INC. (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 176,980 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 6th day of April, 2020,
for the purpose of considering and acting upon the request of 4FI Waterloo, LLC, and Material
Control Systems, Inc. (ConTrol), for the sale and conveyance of property located east of 1994
Newell Street, in the amount of$1.00, and approving a Development and Minimum Assessment
Agreement with grant funds and tax rebates, for the development of a 176,980 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 23`d day of March 2020.
Quentin Hart, Mayor
ATTEST:
Awj�--
kelley Fel c e
City Clerk