HomeMy WebLinkAbout2022-314-06.06.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-314
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
JUKE 20, 2022 FOR THE SALE AND CONVEYANCE OF CITY
RIGHT-OF-WAY LOCATED EAST OF 3165 WEST AIRLINE
HIGHWAY, IN THE AMOUNT OF $1.00, TO SUPERIOR
PROPERTIES, LLC, WITH TAX REBATES EIGHT (8) YEARS
AT 75 PERCENT AND TWO (2) YEARS AT 70
PERCENT, FOR THE CONSTRUCTION OF A NEW 12,000
SQUARE FOOT CONTRACTOR OFFICE BUILDING, WITH
APPROVAL OF A DEVELOPMENT AND MINIMUM
ASSESSMENT AGREEMENT, IN THE AMOUNT OF
$560,000.00, AND INSTRUCT THE CITY CLERK TO
PUBLISH NOTICE.
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 20`h day of June 2022,
to approve the sale and conveyance of City right-of-way located east of 3165 West Airline
Highway, in the amount of $1.00, to Superior Properties, LLC, with tax rebates eight (8) years at
75 percent and two (2) years at 70 percent, for the construction of a new 12,000 square foot
contractor office building, with approval of a Development and Minimum Assessment Agreement,
in the amount of $560,000.00.
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 6th day of June 2022.
ATTEST:
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
SEAL
•
Quentin Hart, Mayor