HomeMy WebLinkAbout2005-291-04.11.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-291
RESOLUTION FIXING THE TIME AND PLACE OF HEARING
AND NOTICE TO BE GIVEN ON THE PROPOSED
DEVELOPMENT AGREEMENT WITH POYNETTE DEVELOPMENT
LLC TO SELL AND CONVEY FOR $1 . 00, PLUS COSTS,
PROPERTY LOCATED ON A FIVE-ACRE PORTION OF LOT
12, MIDPORT AMERICA PARK PLAT NO. 2, TO
CONSTRUCT A NEW 16, 625 SQ.FT. FED EX GROUND
FACILITY ON PROPERTY GENERALLY LOCATED ALONG
THE NORTHERLY SIDE OF AIRLINE HIGHWAY, JUST
EAST OF THE RAILROAD TRACK CROSSOVER, AS APRIL
25, 2005, 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 25th day of April, 2005, for the purpose
of considering and acting upon a proposed development agreement
with Poynette Development LLC to sell and convey for $1 . 00, plus
costs, a five-acre portion of Lot 12 , MidPort America Park Plat
No. 2 , to construct a new 16, 625 sq. ft . Fed Ex Ground facility on
property generally located along the northerly side of Airline
Highway, just east of the railroad track crossover, with minimum
taxable value of $1, 250, 000 . 00 and tax rebates for five years at
50 percent per year, and legally described as follows :
Part of Lot Twelve (12) , Midport America Park Plat No.
2 , Part of the Southeast Quarter (SE 14) of Section Four
(4) , Township Eighty-nine North (T89N) , Range Thirteen
West (R13W) , of the Fifth Principal Meridian, Waterloo,
Black Hawk County, Iowa, described as follows :
Commencing at the Southwest corner of aforesaid Lot No.
Twelve (12) ; thence South 89°29' 09" East One Hundred
Sixty-one and Forty-five Hundredths (161 . 45) feet along
the South line of said Lot to the point of beginning;
thence North 00°30 ' 51" East Five Hundred Five (505 . 00)
feet to a point on the East line of a Thirty (30 . 00)
foot easement; thence South 89°29' 09" East Four Hundred
Twenty (420 . 00) feet; thence South 00°30' 51" West Five
Hundred Five (505 . 00) feet to a point on aforesaid
South line; thence North 89°29' 09" West Four Hundred
Twenty (420 . 00) feet along said South line to the point
of beginning containing 4 . 869 Acres, all in the City of
Waterloo, Black Hawk County, Iowa.
Section 2 . That the City Clerk is hereby directed to publish
notice of the time and place of said hearing in the Waterloo
Courier.
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Resolution No. 2005-291
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›• HH_=HPAS:$ D...-AND ADOPTED this 11t h day of April, 2005 .
H -1 C —7 Ron Welp r, Mayor Pre" Tem
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