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Home My WebLink About1/10/2022 - Special Session* * * Proof of Publication Courier Communications 100 East 4th Street, Waterloo, Iowa 50703 Black Hawk County I do solemnly swear that the annexed copy of notice was published in the WATERLOO/CEDAR FALLS COURIER, a daily newspaper printed in WATERLOO, Black Hawk County, Iowa, and that the annexed rate of advertising is the regular legal rate of said newspaper, and that the following is a correct bill for publishing said notice. Waterloo, City of - Legals 715 MULBERRY ST. WATERLOO IA 50703 ORDER NUMBER 208363 Signed dA-"/- Subscribed and sworn to before me this'> 1 day of Jay) I , 2022. Notary Public Received of the sum of S--,taitocu) / W . 5 Dollars in full for publication of the above invoice. Notary Seal: Section: Legals Category: 950 Legal Notice PUBLISHED ON: 01/25/2022 TOTAL AD COST: FILED ON: tip" us CARMEN MAE STEPHENS i �. COMMISSION NO.833851 * * MY CQMM SION IRES rowP H 4 el 2 101.85 1 /31 /2022 *** Proof of Publication *** January 10, 2022 The Council of the City of Waterloo, Iowa, met in Special Session at City Hall Council Chambers, Waterloo, Iowa, at 5:00 p.m., on Monday, January 10, 2022. Mayor Quentin Hart in the Chair. Roll Call: Boesen, Nichols, Amos. Chiles, Gneder. Wilder, and Feiss, joined the meeting via Zoom. 160858 • Feuss/Chiles that the Agenda, as proposed, for the Special Session on Monday, January 10, 2022, at 5:00 p.m., be accepted and approved. Voice vote -Ayes: Seven, Mo- tion carried. 160859 - Amos/Gneder that "Resolution approving Amendment No. 6 to a Development Agreement and Minimum Assessment Agreement with Central Property Holdings. LLC, raising the minimum assessed value from 82,5 million to S4.0 million, for the All -In Grocers Project, and authorizing the Mayor and City Clerk to execute said documents°. be adopted. Roll call vote - Ayes: Seven. Motion carried. Noel Anderson, Community Planning and Development Director. explained that the minimum assessed value has requested to be raised, since a Iaundromat and public space have been added fo the project. taking it from 18.000 square feet to 26,000 square feet. Jeff Jacobi, 1207 Williston Avenue. commented that the reason he is speaking is because he has some concerns about the length of this project. He stated that he is concerned that this is the 6th amendment 10 the development agreement and questioned why a special session of the council was called shortly before the Hem was to appear on the agenda again. He shared that he understands supply chain problems as he deals with That at work however he expressed concern the project has taken so long to get going Forest Dlllavou, 1725 Huntington Road, stated that he has concern with how long it has taken to get the project going. He stated that the public was told in 2017 that the project needed to hurry up to sat the House of Hope moved, Now we re getting told that These Hems need to Sony up and gel approved. He stated that doing this at a special session is also difficult for a lot of business people to make it to. Todd Obadal, 124 Amity Drive, shared that this is being done as a special session at a special time that it is inconvenient for people who work. Only three people were able to attend in person from the public and those three people have all spoke, He questioned how much money has the city spent on this project and how much money will the city take in city taxes on a lour million dollar project. He stated that he believes that the city will only get a few hundred thousand dollars on the prolecl. He staled this is a requirement from the state code and it needs to be tolbwed. He shared that Mr. Anderson got the properly for $1.00 so all he would havo to give back is S1.00. He further questioned when the property was put up to the public for a bid. He further does not understand why this is being done in a special session, Noel Anderson, Community Planning and Development Director, shared that the City is meeting all of the provisions of Me state code. Mr. Amos commented that the reason he requested the special session is because there were questions about the city getting rid of the mortgage on the property. Having talked to Mr. Anderson, the city would be the subordinate mortgage holder and that was not made clear a1 the prior council meeting. He is concerned that H the project keeps getting pushed back, It will go away. People in the neighborhood want and need the grocery store. He stated that for him. living in Ward 4 and knowing the needs of Ward 4, It is important to hold this meeting to get this project started. He further shared that the rules were followed when calling the special session. Michelle Weidner. Chief Financial Officer, clarified that a mortgage was placed on the property as a lien so that it could not be disposed of without building the building. The city did not pay anything off or release anything. Council elected to postpone that and the action tonight is to raise the minimum assessment of the project. The taxes should be about S144,000 per year based on a four million dollar minimum assessment. Mr. Gdeder questioned H the city assesses the project at $4 million dollars, would the city get more tax dollars than where it was originally assessed. Michelle Weidner confirmed. Mr. Grieder questioned what happens to the property as tar as the city's financial *** Proof of Publication *** esponaieiniy n nie pioteu uuea nut ge through. Noel Anderson shared that reversionary language in the development agreement allows the city to recoup the property and past ggrants. Mr. Griecer questioned if any moray is being exchanged at this meeting or if the developer is agreeing to pay more taxes. Rodney Anderson. commented that he is agreeing to pay more lazes on the properly that will be built and no exchange of monies here. Mr. Gnederor questioned it any council member is allowed to call a special ae5510r1. Kelley Felcltle, City Clerk. explained that the rules of procedure require that lour council members request a special session: otherwise the mayor is also able to request a special session. She slated that she had a conversation with Mr. Amos and the Mayor, and that Mr. Chiles, Mr. Nichols and Ms. Wilder all desired to have this special session as well, Mr. Gneder clarified that Monday meet- ings do typically involve city business around the five o'clock hour, such as the Finance Committee meeting. He ques- tioned if the city met the necessary time requirements to publish the meeting. Kelley Felchle confirmed and noted that special sessions have been held about this time In the past. She confirmed that all state requirements were met for the timely notice of the special meeting. Mr. Boesen questioned why this action could not wait until the January 18th regular session meeting and a there is another reason that this action is so urgent that it needs to be completed Rodntomght. et Anderson commented that the size of the building went up 28 percent of square footage and that the minimum assessment needs to be increased. Mr. Chiles commented that he has had numerous phone calls front the public questioning what exactly will be happen" Ing at this meeting. He said that once he had the opportunity to explain the purpose of the meeting, each of the callers were satisfied because they want to see this building built. He added that he appreciates that the revisionary language has been cleared up. there is no exchange of monies and that we are still protected. Mr. Rodney Anderson commented that a week might not make a difference when the building is built. bul with securing financing. it will make a difference. Mr. Nichols commented that the reason why he voted no is that there was a misunderstanding that the city would be releasing Me mortgage and that it would not have security. Resolution adopted and upon approval by Mayor assigned No. 2022-023. ADJOURNMENT 160860 - Grieder/Amos that the Council adjourn at 5:29 p.m. Voice vote -Ayes: Seven. Motion carried. Kelley Felchie City Clerk