HomeMy WebLinkAbout2005-852-09.19.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-852
RESOLUTION FIXING THE TIME AND PLACE OF HEARING
AND NOTICE TO BE GIVEN ON THE PROPOSED
DEVELOPMENT AGREEMENT WITH R & B ENTERPRISES
LTD, CORP. TO SELL AND CONVEY FOR $1 . 00, PLUS
COSTS, A 54 . 84 ACRE SITE GENERALLY LOCATED WEST
OF THE CREEK AND WEST OF THE EXISTING NORTHEAST
INDUSTRIAL PARK TO DEVELOP A HOME MANUFACTURING
PLANT FOR THE DEVELOPMENT OF FACTORY STICK-
BUILT HOMES, WITH A MINIMUM TAXABLE VALUE OF
$10 MILLION AND TAX REBATES FOR FIVE YEARS AT
50 PERCENT AS SEPTEMBER 26, 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 26th day of September, 2005, for the
purpose of considering and acting upon a proposed development
agreement with R & B Enterprises LTD, Corp. to sell and convey
for $1 . 00, plus costs, a 54 . 84 acre site generally located west
of the creek and west of the existing Northeast Industrial Park
to develop a home manufacturing plant for the development of
factory stick-built homes, with a minimum taxable value of $10
million and tax rebates for five years at 50 percent, and legally
described as follows :
A part of the NW 1,1 of Section 20-89-12 , Waterloo, Black
Hawk County, Iowa, described as follows :
Beginning at the Northwest corner of Lot 5, Northeast
Industrial Park Plat No. 1, Waterloo, Black Hawk
County, Iowa; thence N 20' 33' 41" W along the Southerly
R-O-W line of Newell Street a distance of 18 . 19 feet;
thence N 89°44' 01" W along the Southerly R-O-W line of
Newell Street a distance of 1451 . 32 feet to the East
line of the West 194 . 40 feet of the NW ;TI, NW 1,1 of said
Section 20; thence S 00°20' 19" E along the East line of
the West 194 . 40 feet of the NW ;1, NW 1,1 of said Section
20 a distance of 1192 . 29 feet; thence S 89'44' 23" E a
distance of 250 . 00 feet; thence S 00°20' 18" E a
distance of 438 . 54 feet to the Northerly R-O-W line of
Martin Luther King Jr. Drive; thence along said
Northerly R-O-W line on a curve concave Southeasterly
having a radius of 1039. 93 feet and a long chord
bearing N 62 ° 00' 37" E a distance of 225 . 37 feet; thence
N 37 '27' 10" E along said Northerly R-O-W line a
distance of 65 . 54 feet; thence along said Northerly R-
O-W line on a curve concave Southerly having a radius
of 1074 . 93 feet and a long chord bearing S 84 °01' 17" E
a distance of 928 . 96 feet; thence S 59°20' 50" E along
said Northerly R-O-W line a distance of 224 . 55 feet;
thence N 30'39' 10" E along said Northerly R-O-W line a
distance of 15 . 00 feet; thence S 59°20' 50" E along said
Northerly R-O-W line a distance of 200 . 00 feet to the
Westerly line of Lot 13, Northeast Industrial Park Plat
No. 3, Waterloo, Black Hawk County, Iowa; thence N
71 ‹iC7 JQ C"
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71 ru " - :-r
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- s v 43¢' along the Westerly line of said Lot 13 a
146. 49 feet; thence N 16'47' 09" W along the
n ` 1&s ,tine of said Lot 13 and the Westerly line of
o tt J�, Northeast Industrial Park Plat No. 3, Waterloo,
itawl £ounty, Iowa, and the Westerly line of Lot
7. c • r'�hes Industrial Park Plat No. 1, Waterloo,
vlel -County, Iowa a distance of 888 . 65 feet;
h fice1 01012' 30" E along the Westerly line of Lots 6
Q C vteast Industrial Park Plat No. 1, Waterloo,
s _ 3baCk [ ak 'County, Iowa a distance of 429. 01 feet;
h-errce N 33' 41" W along the Westerly line of Lot 5,
ndustrial Park Plat No. 1, Waterloo, Black
'Nara ui5jy, Iowa, a distance of 365 . 35 feet to the
co
point of }3eginning.
-
r. > the North; line of the NW of said Section 20 is
> assumed --to bear N 89°44' 01" W, all in the City of
Q r. `Waterloo•; Mack Hawk County, State of Iowa.
• 771 Section 2 .- That the City Clerk is hereby directed to publish
^notice of the time and place of said hearing in the Waterloo
:four_,
c > cC ;^
'PASS --AI -=ADOPTED this 19th day of September, 2005 .
� .• � n CD r-
) c. r ccl CD
e--7-,t N/
Tim Hurley, Ma r
ATTEST:
Nancy Ecker CMC
City Clerk