HomeMy WebLinkAbout1999-757-11.08.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-757
RESOLUTION FIXING THE TIME AND PLACE OF HEARING
AND NOTICE TO BE GIVEN ON THE PROPOSED
DEVELOPMENT AGREEMENT WITH R&N INVESTMENTS TO
SELL AND CONVEY FOR $1 . 00, PLUS COSTS, PROPERTY
GENERALLY LOCATED AT THE SOUTHWEST CORNER OF
THE INTERSECTION OF T.G. DRIVE AND NORTHEAST
DRIVE TO BUILD A 36, 000 SQUARE FOOT BUILDING
AND ONE 30, 000 SQUARE FOOT BUILDING, AS
NOVEMBER 15, 1999, AT 7 : 00 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 7 : 00 p.m. on the 15th day of November, 1999, for the
purpose of considering and acting upon a proposed development
agreement with R&N Investments to sell and convey for $1 . 00, plus
costs, property generally located at the southwest corner of the
intersection of T.G. Drive and Northeast Drive to build a 36, 000
square foot building and one 30, 000 square foot building, with
construction value estimated at $1, 600, 000 . 00, minimum assessment
of $1, 500, 000 . 00 until December 31, 2010, together with tax
rebates for five years, and legally described as follows :
That part of Lots 7 and 8, Northeast Industrial Park,
Plat No. 1, Waterloo, Black Hawk County, Iowa,
described as follows :
Commencing at the Southwest corner of said Lot 7;
thence N 00°25' 20" W a distance of 165. 00 feet; thence N
89°34' 40" E a distance of 600 . 00 feet; thence
Southeasterly along a curve concave Southwesterly
having a radius of 50 . 00 feet and a long chord bearing
S 45°25' 20" E a distance of 78 . 54 feet to the Easterly
line of said Lot 8; thence S 00°25' 20" E along the
Easterly line of said Lot 8 a distance of 65. 00 feet;
thence Southwesterly along a curve concave
Northwesterly, having a radius of 50 . 00 feet and a long
chord bearing S 44°34' 40" W a distance of 78 . 54 feet;
thence S 89°34' 40" W along the Southerly line of Lots 7
and 8 a distance of 600. 00 feet to the point of
beginning, all in the City of Waterloo, Black Hawk
County, Iowa.
The Easterly line of said Lot 8 is assumed to bear S
00°25' 20" E;
and, also;
Tract A, Northeast Industrial Park, Plat No. 2, all in
the City of Waterloo, Black Hawk County, Iowa;
and, also;
Tract B, Northeast Industrial Park, Plat No. 3, all in
Resolution 1999-757
Page 2
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 8th day of November, 1999.
John R Roo f, Mayor
ATTEST:
Nancy Eck , City Clerk