HomeMy WebLinkAbout2004-164-04.05.2004 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2004-164
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON A
DEVELOPMENT AGREEMENT WITH DENSO
INTERNATIONAL AMERICA INC. TO SELL AND CONVEY
FOR $1 . 00 APPROXIMATELY 6 . 5 ACRES OF LAND IN
THE MARTIN ROAD INDUSTRIAL PARK TO BUILD A
36 , 000 SQUARE FOOT FACILITY GENERALLY LOCATED
AT THE NORTHWEST CORNER OF RIDGEWAY AVENUE
AND MARTIN ROAD, WITH TAX REBATES FOR FIVE
YEARS AT 30 PERCENT AND A MINIMUM ASSESSMENT
OF $1 , 200 , 000 . 00 , WITH THE CITY TO PROVIDE
SANITARY SEWER, WATER WORKS FRONT FRONTAGE
CHARGE AND GRADING ESTIMATED AT $40 , 000 . 00 AS
APRIL 12 , 2004 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 12th day of April , 2004 for the purpose
of considering and acting upon a Development Agreement with Denso
International America Inc . to sell and convey for $1 . 00
approximately 6 . 5 acres of land in the Martin Road Industrial
Park to build a 36, 000 square foot facility generally located at
the northwest corner of Ridgeway Avenue and Martin Road, with tax
rebates for five years at 30 percent and a minimum assessment of
$1 , 200, 000 . 00 , with the city to provide sanitary sewer, water
works front footage charge and grading estimated at $40, 000 . 00,
and legally described as follows :
A part of the SE 1/ of Section 32-89-13 , Waterloo, Black
Hawk County, Iowa, described as follows :
Commencing at the Southeast corner of said SE 1/; thence
N 00°00 ' 00" E along the East line of said SE 1/ a
distance of 65 . 53 feet; thence S 90°00' 00" W a distance
of 40 . 00 feet to the Westerly R-O-W line of Martin Road
and the Northerly R-O-W line of West Ridgeway Avenue
and the point of beginning; thence N 89°14 ' 20" W along
the Northerly R-O-W line of West Ridgeway Avenue a
distance of 438 . 67 feet ; thence N 00°45 ' 40" E a
distance of 650 . 00 feet ; thence N 90°00 ' 00" E a
distance of 430 . 00 feet to the West R-O-W line of
Martin Road; thence S 00°00 ' 00" W along the West R-O-W
line of Martin Road a distance of 655 . 77 feet to the
point of beginning, all in the City of Waterloo, Black
Hawk County, Iowa.
The East line of the SE % of Section 32-89-13 is
assumed to bear N 00°00 ' 00" E,
and/or
Lot 1, Brock Addition, City of Waterloo, Black Hawk
County, State of Iowa.
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