HomeMy WebLinkAbout2022-248-05.02.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-248
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
MAY 16, 2022 FOR THE SALE AND CONVEYANCE OF CITY
PROPERTY LOCATED WEST OF 3180 WEST AIRLINE
HIGHWAY, IN THE AMOUNT OF $1.00, TO RNK
INVESTMENTS, LLC, WITH FIVE YEARS OF TAX REBATES
OF 50%, AND APPROVAL OF A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT, IN THE AMOUNT
OF $822,000.00.
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 in the Harold E.
Getty Council Chambers at City Hall, Waterloo, Iowa at 5:30 p.m. on the 16th day of May 2022,
to authorize the sale and conveyance of City property located west of 3180 West Airline
Highway, in the amount of $1.00, to RNK Investments, LLC, with five years of tax rebates of
50%, and approval of a Development and Minimum Assessment Agreement, in the amount of
$822,000.00.
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 2nd day of May 2022.
ATTEST:
Kelley Felchle, City Clerk
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Ray Feuss, Mayor Pro Tem