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--,71ii -kesoliation prepared by Nancy Eckert, City Clerk, 715 Mulberry
-Street' N4-terloo, Iowa.
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RESOLUTION NO. 2005-1038
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RESGLUTION FIXING THE TIME AND PLACE OF
1-1W3.ING AND NOTICE TO BE GIVEN ON THE
-PROPOSED DEVELOPMENT AGREEMENT WITH CEDAR
-- -- --VALLEY RESTORATION AND DEVELOPMENT (DAVID
DEEDS) FOR THE DEVELOPMENT OF THE EASTSIDE
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-RIVERFRONT HOUSING TO TRANSFER FOR $1 . 00,
--eLU_S COSTS, PROPERTY GENERALLY BOUNDED BY
("7. E:SYCAMORE STREET, EAST 8TH STREET, THE FLOOD
DIKE ALONG THE CEDAR RIVER AND THE UNION
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r-u `Pi)icl,FIC RAILROAD, AS DECEMBER 12, 2005, AT
' < P.M. IN CITY HALL COUNCIL CHAMBERS,
AWATERLOO, IOWA AND INSTRUCTING THE CITY CLERK
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PUBLISH THE NOTICE OF HEARING.
RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
r.(5140WS:
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s Section- 1 . That the Council of the City of Waterloo, Iowa
t' ffa.4:*Eeet- at- City Hall Council Chambers in the City of Waterloo,
p.m. on the 12th day of December, 2005, for the
purbi of -considering and acting upon a proposed development
agreement wth Cedar Valley Restoration and Development (David
-Ded&I =tor t-h-e development of the Eastside Riverfront Housing to
transfer for -$1 . 00, plus costs, property generally bounded by
Sycamore Street, East 8th Street, the flood dike along the Cedar
River and the- Union Pacific Railroad, with requirement to build a
minimum of 40 units with an absorption rate of at least 6 units
per year and tax rebates for 10 years, and legally described as
follows :
All of Block 22 of the Original Plat of Waterloo East,
as platted; and also all that part of Block 1 of the
Original Plat of Waterloo East that lies Southeasterly
of railroad; and that part of East 7th Street that lies
between Block 1 and Block 22 of the Original Plat of
Waterloo East; 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 21st day of November, 2005 .
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Tim Hurley, May
ATTEST:
---Nancy Ecke , CMC
City Clerk