HomeMy WebLinkAbout2016-110-2/15/2016 i
Prepared by Nancy Higby, Administrative Assistant, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2016-110
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH AMERICAN
PATTERN STORAGE, LLC, TO SELL AND CONVEY FOR
$1 . 00, PLUS COSTS, CITY-OWNED PROPERTY (THE
FORMER FOOD BANK SITE) LOCATED AT 106-116
EAST 11TH STREET TO ALLOW FOR THE
REDEVELOPMENT OF THE SITE INTO� INDUSTRIAL AND
MANUFACTURING SPACE, WITH A NEW TAXABLE VALUE
OF $576, 000, AND TO BRING JOBS INTO THE
FORMER RATH AREA, AS MARCH 7, 2016, AT 5: 30
P.M. IN HAROLD E. GETTY COUNCIL CHAMBERS,
CITY HALL, 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 :
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Section 1 . That the Council of the City of Waterloo, Iowa
shall meet in the Harold E. Getty Council. Chambers, City Hall,
in the City of Waterloo, Iowa at 5 : 30 p.m. on the 7th day of
March 2016, for the1purpose of considering and acting upon a
proposed Developrrientl Agreement with American Pattern Storage,
LLC to sell and convey for $1 . 00, plus costs, City-owned
property (the former Food Bank Site) located at 106-116 East 11th
Street, to allow for the redevelopment of the site into
industrial and manufacturing space, with a new taxable value of
$576, 000, and to bring jobs into the former Rath area, and
legally described asifollows :
AUDITORS CONSOLIDATED PLAT LOT 3 NORTH 27 . 5 FEET LOT 7
ALL LOT 8 EXCEPT THAT PART LOTS 3 & 8 BEGINNING AT MOST
NORTHERLY CORNER LOT 3 SAID PLAT THENCE SOUTH 48
DEGREES 19 MINUTES 24 SECONDS EAST ALONG NORTHEASTERLY
LINE SAID LOT 3 111 . 60 FEET THENCE SOUTH 42 DEGREES
WEST 290 . 33 FEET THENCE NORTH 48 DEGREES WEST 111 . 60
FEET TO NORTHWEASTERLY LINE SAID LOT 3 THENCE NORTH 42
DEGREES EAST ALONG SAID NORTHWESTERLY LINE 289 . 70 FEET
TO POINT OF BEGINNING, CITY OF WATERLOO, BLACK HAWK
COUNTY, STATE OF 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 15th day of February, 2016.
Quentin Hart, Mayor
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ATTEST:
SuzySc ares, CMC
City Cl rk