HomeMy WebLinkAboutAmendment to Martin Road and Development Plan - 6.20.2022Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319-291-4366
Return to preparer after recording.
AMENDMENT TO
MARTIN ROAD DEVELOPMENT PLAN
RECITALS
A. On October 7, 1996, the City Council of the City of Waterloo, Iowa (the "City")
adopted Ordinance No. 4204 and adopted Resolution No. 1999-499, determining
that certain areas located within the City are eligible and should be designated as
an urban renewal area under Iowa law, and approved and adopted the Martin
Road Development Plan of the City of Waterloo Iowa (the "Plan") (Original area).
In accordance with Iowa Code Chapter 403, the Original area was designated as
an "economic development area" as defined by Chapter 403, and the division of
revenue provided in section 403.19 with respect to the Original area was limited to
twenty years and has expired. Thus, the Original area is no longer in a district
subject to section 403.19 unless added back to the Plan pursuant to a later
amendment.
B. On August 9, 2004, the City Council adopted Ordinance No. 4708 and Resolution
No. 2004-522, to amend the Plan by enlarging the area included therein, and one
or more other amendments have been made to the Plan to include additional urban
renewal projects or for other purposes (Amendment No. 1 area).
C. On October 27, 2014, the City Council adopted Ordinance No. 5249 and on
October 20, 2014 adopted Resolution No. 2014-903, to amend the Plan by
enlarging the area included therein, and one or more other amendments have
been made to the Plan to include additional urban renewal projects or for other
purposes (Amendment No. 2 area).
D. On April 4, 2016, the City Council adopted Ordinance No. 5343 and on March 21,
2016 adopted Resolution No. 2016-197, to amend the Plan by enlarging the area
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
3 area) (also referred to as March 2016 Additions Area).
E. On November 14, 2016, the City Council adopted Ordinance No. 5373 and
Resolution No. 2016-904, to amend the Plan by removing area included therein,
and one or more other amendments have been made to the Plan to include
additional urban renewal projects or for other purposes (Amendment No. 4 removal
area) (also referred to as November 2016 Removal Area).
F. On November 28, 2016 the City Council adopted Ordinance No. 5376 and on
November 14, 2016 adopted Resolution No. 2016-905, to amend the Plan by
enlarging the area included therein, and one or more other amendments have
been made to the Plan to include additional urban renewal projects or for other
purposes (Amendment No. 5 area) (also referred to as November 2016 Additions
Area).
G. The City desires to amend the Plan again to enlarge the area included therein and
to update related information in the Plan. Said amendment may be referred to as
Amendment No. 6 area.
AMENDMENT
NOW THEREFORE, the Martin Road Development Plan, as previously amended, is
hereby further amended as follows:
1. Attachments A, B, C and D to the Plan are hereby stricken in their entirety, and
the new Attachments A, B, C and D which are attached hereto are substituted in their place so
that the Plan shows current map (Attachment A), legal description (Attachment B), information
about bonding capacity (Attachment C), and project budgets (Attachment D).
2. The attachments listed below, each of which is attached hereto, are included in
this amendment to show compliance with procedural requirements under state law for adoption
of this amendment, but do not replace or supersede similar attachments to the original Plan or
any amendment thereto adopted prior to this amendment:
Attachment G (Planning, Programming & Zoning Commission recommendation)
Attachment H (notice of consultation)
Attachment I (resolution adopting this amendment)
Attachment J (ordinance adopting amended TIF district)
Attachment K (published notice of public hearing)
Attachment L (posted notice of public hearing)
3. Except as modified by this amendment, the Plan, as previously amended, shall
continue unmodified in full force and effect.
PASSED AND APPROVED this 20th day of June , 2022.
ATTEST:
KeOEey Te[chte
Kelley Felchle, City Clerk
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Quentin Hart, Mayor
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Attachment B
MARTIN ROAD DEVELOPMENT PLAN
URBAN RENEWAL AREA LEGAL DESCRIPTIONS
Original area (1996) (Original Subarea)
All portions of the Original area have been included in subsequent amendment subareas.
Amendment No. 1 area (2004) (Amendment No. 1 Subarea) (as modified by Amendment
No. 4 (2016))
Beginning at the point of intersection of the centerline of U.S. Highway 63 (Sergeant Rd.) and
the North line of the Southeast 1/4 of the Southwest 1/4 of Section 33, Township 89 North, Range
13 West, thence East along the North line of said Southeast 1/4 of the Southwest 1/4 of said Section
to the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.), thence Southwesterly
along said right-of-way to its intersection with the West line of the Southeast 1/4 of the Southwest
1/4 of said Section, thence South 89°50'15" East a distance of 432.65', thence South 1°40'30" East
to the South line of said Section, thence West along said South line to the point where it would
intersect the Northerly extension of the East line of Tract A of Kingswood Second Addition to
Waterloo, thence South along the extension of and the East line of Tract A to the Northwest
corner of Lot 15, Kingswood First Addition, said point also being a point on the Easterly line of
Lot 6 of South Waterloo Commercial Park, thence Southeasterly following the Easterly line of
said Lot 6 to the most Southeasterly corner of said lot, thence Southwesterly and Westerly along
the South line of said lot to an angle point on the South line of said Lot 6, which is also a point
on the West line of Section 5, Township 88 North, Range 13 West, thence South along the West
line of said Section to the North line of the Southeast 1/4 of the Southeast 1/4 of Section 6,
Township 88 North, Range 13 West, thence West along the North line of the Southeast 1/4 of the
Southeast 1/4 and the North line of the Southwest 1/4 of the Southeast 1/4 to a point on the
Northwesterly right-of-way line of the Chicago Great Western Railroad (now abandoned), thence
South 35°31'30" West 850.21 feet along said line, thence North 72°26'10" West 1005.02 feet,
thence Westerly 637.85 feet along a 7,789.65 foot radius curve, concave Southerly, having a
chord bearing North 75°14'03" West 637.67 feet, thence North 77°34'36" West 835.86 feet,
thence North 06° 19'51 " East 32.15 feet to the South line of the Northwest 1/4 of the Southwest 1/4
of Section 6, Township 88 North, Range 13 West, thence East along said line to the West line of
the Northeast 1/4 of the Southwest 1/4 of said Section, thence North along the West line of the
Northeast 1/4 of the Southwest 1/4 to the North line of the Northeast 1/4 of the Southwest 1/4 of said
Section, thence East along said North line to a point on the East line of the West 440 feet of the
East one-half of the Northwest fractional 1/4 of said Section, thence North along the East line of
the West 440 feet of the East one-half of the Northwest fractional 1/4 to the North line of said
Section 6, thence East along the North line of said Section 6, which is also the South line of
Section 32, Township 89 North, Range 13 West, to the West line of the East 475 feet of the
Southwest 1/4 of the Southeast 1/4 of Section 32, thence North 790 feet along said West line,
thence East 475 feet to the West line of the Southeast 1/4 of the Southeast 1/4 of said Section,
thence South along the West line of the Southeast 1/4 of the Southeast 1/4 to the South line of
Section 32, thence East along the South line of Section 32, Township 89 North, Range 13 West,
and Section 33, Township 89 North, Range 13 West, to the centerline of U.S. Highway 63
(Sergeant Rd.), thence Northeasterly along said centerline to the point of beginning, all in the
City of Waterloo, Black Hawk County, Iowa.
Except the following areas removed from the Amendment No. 1 area by Amendment No. 4
(2016): Beginning at the point of intersection of the Southeasterly right-of-way line of U.S.
Highway 63 (Sergeant Rd.) and the West line of the Southeast 1/4 of the Southwest 1/4 of Section
33, Township 89 North, Range 13 West, thence South 89°50'15" East a distance of 432.65',
thence South 1°40'30" East to the South line of said Section, thence West along said South line
to the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.), thence Northerly and
Northeasterly along said Southeasterly right-of-way line to the point of beginning.
Also except beginning at a point on the East line of Lot 16 of Kingswood Second Addition that is
250 feet North of the South line of said Lot 16, thence Southerly and Southeasterly along the
East line of said Lot 16 and the East line of Lot 6 of South Waterloo Commercial Park to the
Easterly most corner of said Lot 6, thence Southwesterly and Westerly along the South line of
said Lot 6 to its intersection with the East line of Section 6, Township 88 North, Range 13 West,
thence South along the East line of Section 6 to the Northeast corner of the Southeast 1/4 of the
Southeast 1/4 of Section 6, thence West along the North line of the Southeast 1/4 of the Southeast
1/4 of Section 6 to the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.), thence
Northeasterly along the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.) to the
Northerly most corner of Lot 3 of South Waterloo Commercial Park, thence Southeasterly along
the Northeasterly line of said Lot 3 and an extension of the Northeasterly line of said Lot 3 to its
intersection with the Northwesterly line of Lot 6 of South Waterloo Commercial Park, thence
Northeasterly along the Northwesterly line of said Lot 6 and the Northwesterly line of Lot 16 of
Kingswood Second Addition to its intersection with a line that is 250 feet North of the South line
of said Lot 16, thence East along a line that is 250 feet North of the South line of said Lot 16 to
the point of beginning
Also except beginning at the Southerly most corner of Greenbelt Centre Plat No. 6, thence
Southwesterly along the Northwesterly right-of-way line of the Chicago Great Western Railroad
(now abandoned) to its intersection with the Northeasterly right-of-way line of Greyhound Drive,
thence Northwesterly and Northerly along the Northeasterly and Easterly right-of-way line of
Greyhound Drive to the Southwest corner of Greenbelt Centre Plat No. 3, thence East along the
South line of Greenbelt Centre Plat No. 3 and the South line of Greenbelt Centre Plat No. 5 to
the Southeast corner of Greenbelt Centre Plat No. 5, thence South and Southwest along the
Westerly and Northwesterly right-of-way line of Titan Trail to the Westerly most corner of
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Greenbelt Centre Plat No. 2, thence Southeast along the Southwest line of Greenbelt Centre Plat
No. 2 to the Northerly most corner of Greenbelt Centre Plat No. 6, thence Southwesterly along
the Northwesterly line of Greenbelt Centre Plat No. 6 to the Westerly most corner of Greenbelt
Centre Plat No. 6, thence Southeasterly along the Southwesterly line of Greenbelt Centre Plat
No. 6 to the point of beginning.
Also except beginning at the Southwest corner of the Northeast 1/4 of the Southwest 1/4 of Section
6, Township 88 North, Range 13 West, thence North along the West line of the Northeast 1/4 of
the Southwest 1/4 of said Section 6 to the Northwest corner of the Northeast 1/4 of the Southwest 1/4
of said Section 6, thence East along the North line of the Northeast 1/4 of the Southwest 1/4 and the
Northwest 1/4 of the Southeast 1/4 of said Section 6 to the Westerly right-of-way line of
Greyhound Drive, thence Southerly along the Westerly right-of-way line of Greyhound Drive to
its intersection with the South line of the Northwest 1/4 of the Southeast 1/4 of said Section 6,
thence West along the South line of the Northwest 1/4 of the Southeast 1/4 and the South line of the
Northeast 1/4 of the Southwest 1/4 of said Section 6 to the point of beginning
Also except the East % of the Northwest Fractional 1/4 of Section 6, Township 88 North, Range
13 West lying Easterly of the Westerly 440 feet of said Northwest Fractional 1/4 and that part of
the Northeast Fractional 1/4 of said Section 6 lying Westerly of the Westerly right-of-way line of
Greyhound Drive, but not excepting the portion of the above described area platted as Lot 1 and
Tract A of Greenbelt Centre Plat No. 1, and not excepting the portion of the above described area
platted as Lot 2 of Greenbelt Centre Plat No 4.
Also except Lot 1 of Greenbelt Centre Plat No. 2.
Also except Lot 2, Lot 3, and the portion of Lot 1 lying Easterly of the Westerly 150 feet of Lot
1 of Greenbelt Centre Plat No. 3.
Also except Lots 1 thru 12 of Greenbelt Centre Plat No. 5.
Also except Lot 1 of Deer Creek Plat No. 2.
And also except that part of the Southwest 1/4 of the Southeast 1/4 of Section 32, Township 89
North, Range 13 West, described as beginning at the Southeast Corner of said Southwest 1/4 of
the Southeast 1/4, thence West 475 feet, thence North 790 feet, thence East 475 feet, thence South
790 feet to the point of beginning
Amendment No. 2 area (2014) (Amendment No. 2 Subarea) (as modified by Amendment
No. 4 (2016))
Beginning at the intersection of the North line of the Southeast 1/4 of the Southwest 1/4 of Section
33, Township 89 North, Range 13 West and the Southeasterly right-of-way line of U.S. Highway
63 (Sergeant Road); thence Southwesterly along said right-of-way to its intersection with the
West line of the Southeast 1/4 of the Southwest 1/4 of said Section 33; thence South 89°50'15"
East a distance of 432.65'; thence South 1°40'30" East to the South line of said Section; thence
East along said South line to the Southeast corner of the Southeast 1/4 of the Southwest 1/4 of said
Section 33; thence North along the East line of said Southeast 1/4 of the Southwest 1/4 of Section
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33 to the Northeast corner of the said Southeast 1/4 of the Southwest 1/4 of Section 33; thence West
along the North line of said Southeast 1/4 of the Southwest 1/4 of Section 33 to the point of
beginning;
And also: Beginning at a point on the Northwesterly right-of-way line of the Chicago Great
Western Railroad (now abandoned) that is South 35°31'30" West 850.21 feet from a point on
said Northwesterly right-of-way line that intersects the North line of the Southwest 1/4 of the
Southeast 1/4 of Section 6, Township 88, Range 13; thence South to the centerline of U.S.
Highway 20 as presently established; thence Southeasterly along the centerline of U.S. Highway
20 as presently established to its intersection with the East line of Section 7, Township 88 North,
Range 13 West; thence Southerly along the East line of said Section 7 to a point that is 745.6 feet
South of the Northeast corner of said Section 7; thence West 70.6 feet; thence South 419.6 feet;
thence Southerly 265.5 feet along a 407.5' radius curve concave Westerly having a chord bearing
South 18°40' West 260.8 feet; thence South 37°20' West 149.5 feet; thence North 52°17.5' West
643.0 feet; thence South 37°42' West 450 feet; thence continuing South 37°42' West to the
Southeasterly most corner of the following described parcel; the North 17.06 acres of the South
1/2 of the Northeast 1/4 of Section 7, Township 88 North, Range 13 West located West of road, and
except that part of Timberline Patio Homes plat bounded as follows: commencing at a point on
the centerline of West 4th Street which is 626.32 feet Southwest of the intersection of said
centerline with the East line of said Section 7, thence North 89°30' West 881.76 feet, thence
North 37°21'30" East 837.49 feet, thence South 52°38'30" East 710 feet, thence Southwesterly
along the centerline of West 4th Street to the point of beginning, and except Highway, and
except that part of the Northeast 1/4 of said Section 7 described as follows: beginning at a point on
the West line of said Northeast 1/4 which is 1,218 feet South of the Northwest corner of said
Northeast 1/4, thence North 78°47'45" East 208.37 feet, thence South 35°6'15" West 352.10 feet
to the West line of said Northeast 1/4, thence Northwest to the point of beginning, and except that
part platted as Ekho Ridge Addition; thence Northwesterly along the Southwesterly line of said
described parcel to its intersection with the West line of the Northeast 1/4 of said Section 7; thence
Southerly along the West line of the Northeast 1/4 of said Section 7 to the center of said Section 7;
thence South 89°46'50" West 99.19 feet along the North line of the Southwest 1/4 of said Section
7; thence South 665.54 feet to the Westerly most corner of Lot 3 of Nottingham Heights
Addition; thence Westerly along the South line of the North 1/2 of the North 1/2 of the Southwest
1/4 of said Section 7 to the Northeast corner of Lot C-1 of Southland Park Third Addition; thence
Southeasterly along the Northeasterly line of said Lot C-1 to the Easterly most corner of said Lot
C-1; thence southwesterly along the Southeasterly line of said Lot C-1 and an extension of the
Southeasterly line of said Lot C-1 to the centerline of Charm Drive; thence Northwesterly,
Westerly, and Southwesterly along the Centerline of Charm Drive to its intersection with a point
on the Southwest line of Southland Park 4th Addition; thence Northwesterly and Northeasterly
following the Southwesterly lines of Southland Park 4th Addition to the Southerly most corner of
Lot C-8 of said addition; thence Northwesterly along the Southwesterly line of said Lot C-8 to
the Westerly most corner of said Lot C-8; thence Southwesterly along the Southeasterly right-of-
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way line of U.S. Highway 63 to the Northerly most corner of the following described parcel:
Unplatted Waterloo West, a part of the Southwest 1/4 of Section 7, Township 88 North, Range 13
West, beginning at a point on the West line of said Section 7 which is 1,066.45 feet North of the
Southwest corner of said Section 7, thence North 36°2' East 44 feet, thence South 53°58' East
500 feet, thence South 36°2' West 344 feet, thence North 53°58' West 281.77 feet to the West
line of said Section 7, thence North 370.98 feet to the point of beginning; thence Southeasterly
along the Northeasterly line of said described parcel to the Easterly most corner of said described
parcel; thence Southwesterly along the Southeasterly line of said described parcel to the
Southerly most corner of said described parcel; thence South 53°58' East a distance of 107.59';
thence South 35°16'20" West a distance of 139.64'; thence Southwesterly in a straight line to a
point on the West line of said Section 7 that is 33 feet North of the Southwest corner of said
Section 7; thence South 33' to the Southwest corner of said Section 7; thence Westerly along the
South line of Section 12 of Township 88 North, Range 14 West to the intersection of the South
line of said Section 12 and a line 1,000' Northwesterly of and parallel to the Northwesterly right-
of- way line of the Chicago Great Western Railroad (now abandoned); thence Northeasterly 935
feet along said parallel line; thence Southeasterly at a right angle 500 feet; thence Northeasterly
at a right angle 878.6 feet; thence Northwesterly at a right angle to the North line of the South 1/2
of the Southeast 1/4 of said Section 12; thence continuing Northwesterly along the last bearing to
the intersection with a line 1,000' Northwesterly of and parallel to the Northwesterly right-of-
way line of the Chicago Great Western Railroad (now abandoned); thence Northeasterly along
said parallel line to its intersection with the Northeasterly right-of-way line of the Cedar Falls
Branch Line of the C NW Transportation Co. (now abandoned); thence Northwesterly along said
Northeasterly right-of-way line to its intersection with the North line of the Northeast 1/4 of the
Southeast 1/4 of Section 12, Township 88 North, Range 14 West; thence East along said North
line and the North line of the Northwest 1/4 of the Southwest 1/4 of Section 7, Township 88 North,
Range 13 West to its intersection with the Northwesterly right-of-way line of the Chicago Great
Western Railroad (now abandoned); thence Northeasterly along said Northwesterly right-of-way
line to the centerline of Ranchero Road as presently established; thence Northwesterly and
Westerly along said centerline of Ranchero Road to the Southwest corner of Section 6, Township
88 North, Range 13 West; thence Northerly along the West line of said Section 6 to the
Northwest corner of the Southwest fractional 1/4 of the Southwest fractional 1/4 of said Section 6;
thence North 89°42'54" East a distance of 818.14 feet; thence South 06°19'51" West a distance
of 32.15 feet; thence South 77°34'36" East a distance of 835.86 feet; thence Easterly 637.85 feet
along a 7,789.65 foot radius curve, concave Southerly, having a chord bearing South 75°14'03"
East 637.67 feet; thence South 72°26' 10" East 1005.02' to the point of beginning.
Except the following area removed from the Amendment No. 2 area by Amendment No. 4
(2016): Beginning at the intersection of the Northeasterly right-of-way line of the Cedar Falls
Branch Line of the CNW Transportation Co. (now abandoned) and a line that is 1,000 feet
Northwesterly of and parallel to the Northwesterly right-of-way line of the Chicago Great
Western Railroad (no abandoned), thence Northwesterly along said Northeasterly right-of-way
5
line of the Cedar Falls Branch Line of the CNW Transportation Co. to its intersection with the
North line of the Northeast Y4 of the Southeast'/4 of Section 12, Township 88 North, Range 14
West, thence East along said North line to the East line of said Section 12, thence South along
the East line of said Section 12 to the Southeast corner of the Northeast 1 of the Northeast' of
the Southeast 1 of said Section 12, thence West along the South line of the Northeast' of the
Northeast 1 of the Southeast Y4 of said Section 12 to the Northeasterly right-of-way line of the
Cedar Falls Branch Line of the CNE Transportation Co., thence Northwesterly along said
Northeasterly right-of-way line to the point of beginning.
Amendment No. 3 area (2016) (2016 Addition Amendment No. 3 Subarea)
Parcel "D" according to Plat of Survey filed on 1/28/2015 as Doc. No. 2015-12088, as described
as: That part of the Southwest Quarter (SW') of the Southeast Quarter (SE%) of Section Thirty-
three (33), Township Eighty-nine North (T89N), Range Thirteen West (R13W) of the Fifth
Principal Meridian, Waterloo, Black Hawk County, Iowa, described as follows: Beginning at the
Southwest corner of aforesaid Southwest Quarter (SW') of the Southeast Quarter (SEA); thence
N01°52'25"W Thirty-three (33.00) feet along the West line of said Southwest Quarter (SW') of
the Southeast Quarter (SE') to the North Right -of -Way line of Ridgeway Avenue; thence
N01°53'44"W Six Hundred Twenty-four and Twenty-six Hundredth (624.26) feet still along said
West line to the Southeast corner of Parcel "K", Document No. 2003-27008 in the Black Hawk
County Recorder's Office; thence N01 °37' 11 "W Six Hundred Sixty-seven and Fifty-two
Hundredths (667.52) feet along the East line of said Parcel "K" to the Northwest comer of
aforesaid Southwest Quarter (SW') of the Southeast Quarter (SEA), which is also on the South
line of Jane Addition; thence N89° 14'00"E Two Hundred Ninety-five and Eighty-eight
Hundredths (295.88) feet along the South line of said Jane Addition to the Southeast corner of
said Jane Addition; thence S01°45'23"E One Thousand Three Hundred Twenty-four and Sixteen
Hundredths (1324.16) feet to the South line of aforesaid Southwest Quarter (SW%) of the
Southeast Quarter (SE'/4); thence S89°06'56"W Two Hundred Ninety-five and Eighty-eight
Hundredths (295.88) feet along said South line to the point of beginning
Amendment No. 5 area (2016) (2016 Addition Amendment No. 5 Subarea)
Beginning at a point on the East line of Section 32, Township 89 North, Range 13 West that is
four hundred twenty (420) feet South of the Northeast corner of the Northeast 1 of the Southeast
1 of said Section 32, thence South along said East line to its intersection with the northerly right-
of-way line of Martin Road, thence Northeasterly and Easterly along said right-of-way line and
an extension thereof to its intersection with the centerline of U.S. Highway 63, thence
Southwesterly along said centerline to its intersection with the West line of the Northeast' of
the Southwest 1 of Section 33, Township 89 North, Range 13 West, thence North along said
West line to its intersection with a line that is 1,789.59 feet North of the South line of said
6
Section 33, thence West along said line that is 1,789.59 feet North of the South line of said
Section 33 to its intersection with the East line of Section 32, Township 89 North, Range 13
West, thence South along the East line of said Section 32 to its intersection with an Easterly
extension of the North line of Lot 1 of Brock Addition, thence West along an Easterly extension
of the North line of said Lot 1 and the North line of said Lot 1 to the Northwest corner of said
Lot 1, thence South along the West line of said Lot 1 and a Southerly extension of the West line
of said Lot 1 to the South line of said Section 32, thence West along the South line of said
Section 32 to the Southwest corner of the Southeast'/4 of the Southeast 1/4 of Section 32, thence
North to the Southwest corner of the Northeast 1/4 of the Southeast'/4 of said Section 32, thence
Northeasterly to a point that is nine hundred ninety (990) feet East of and six hundred seventy
five (675) feet North of the Southwest corner of the Northeast 1/4 of the Southeast 1/4 of said
Section 32, thence continuing Northeasterly to the point of beginning.
Also, beginning at the point of intersection of the Southeasterly right-of-way line of U.S.
Highway 63 (Sergeant Rd.) and the West line of the Southeast 1/4 of the Southwest 1/4 of Section
33, Township 89 North, Range 13 West, thence South 89°50'15" East a distance of 432.65',
thence South 1°40'30" East to the South line of said Section, thence West along said South line
to the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.), thence Northerly and
Northeasterly along said Southeasterly right-of-way line to the point of beginning.
Also except beginning at a point on the East line of Lot 16 of Kingswood Second Addition that is
250 feet North of the South line of said Lot 16, thence Southerly and Southeasterly along the
East line of said Lot 16 and the East line of Lot 6 of South Waterloo Commercial Park to the
Easterly most corner of said Lot 6, thence Southwesterly and Westerly along the South line of
said Lot 6 to its intersection with the East line of Section 6, Township 88 North, Range 13 West,
thence South along the East line of Section 6 to the Northeast corner of the Southeast 1/4 of the
Southeast 1/4 of Section 6, thence West along the North line of the Southeast 1/4 of the Southeast
1/4 of Section 6 to the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.), thence
Northeasterly along the Southeasterly right-of-way line of U.S. Highway 63 (Sergeant Rd.) to the
Northerly most corner of Lot 3 of South Waterloo Commercial Park, thence Southeasterly along
the Northeasterly line of said Lot 3 and an extension of the Northeasterly line of said Lot 3 to its
intersection with the Northwesterly line of Lot 6 of South Waterloo Commercial Park, thence
Northeasterly along the Northwesterly line of said Lot 6 and the Northwesterly line of Lot 16 of
Kingswood Second Addition to its intersection with a line that is 250 feet North of the South line
of said Lot 16, thence East along a line that is 250 feet North of the South line of said Lot 16 to
the point of beginning.
Also, beginning at the Southerly most corner of Greenbelt Centre Plat No. 6, thence
Southwesterly along the Northwesterly right-of-way line of the Chicago Great Western Railroad
(now abandoned) to its intersection with the Northeasterly right-of-way line of Greyhound Drive,
thence Northwesterly and Northerly along the Northeasterly and Easterly right-of-way line of
Greyhound Drive to the Southwest corner of Greenbelt Centre Plat No. 3, thence East along the
South line of Greenbelt Centre Plat No. 3 and the South line of Greenbelt Centre Plat No. 5 to
7
the Southeast corner of Greenbelt Centre Plat No. 5, thence South and Southwest along the
Westerly and Northwesterly right-of-way line of Titan Trail to the Westerly most corner of
Greenbelt Centre Plat No. 2, thence Southeast along the Southwest line of Greenbelt Centre Plat
No. 2 to the Northerly most corner of Greenbelt Centre Plat No. 6, thence Southwesterly along
the Northwesterly line of Greenbelt Centre Plat No. 6 to the Westerly most corner of Greenbelt
Centre Plat No. 6, thence Southeasterly along the Southwesterly line of Greenbelt Centre Plat
No. 6 to the point of beginning.
Also, beginning at the Southwest corner of the Northeast 1/4 of the Southwest 1/4 of Section 6,
Township 88 North, Range 13 West, thence North along the West line of the Northeast 1/4 of the
Southwest 1/4 of said Section 6 to the Northwest corner of the Northeast 1/4 of the Southwest 1/4 of
said Section 6, thence East along the North line of the Northeast 1/4 of the Southwest 1/4 and the
Northwest 1/4 of the Southeast 1/4 of said Section 6 to the Westerly right-of-way line of
Greyhound Drive, thence Southerly along the Westerly right-of-way line of Greyhound Drive to
its intersection with the South line of the Northwest 1/4 of the Southeast 1/4 of said Section 6,
thence West along the South line of the Northwest 1/4 of the Southeast 1/4 and the South line of the
Northeast 1/4 of the Southwest 1/4 of said Section 6 to the point of beginning.
Also, the East 1/2 of the Northwest Fractional 1/4 of Section 6, Township 88 North, Range 13 West
lying Easterly of the Westerly 440 feet of said Northwest Fractional 1/4 and that part of the
Northeast Fractional 1/4 of said Section 6 lying Westerly of the Westerly right-of-way line of
Greyhound Drive, except the portion of the above described area platted as Lot 1 and Tract A of
Greenbelt Centre Plat No. 1, and except the portion of the above described area platted as Lot 2
of Greenbelt Centre Plat No 4.
Also, Lot 1 of Greenbelt Centre Plat No. 2.
Also, Lot 2, Lot 3, and the portion of Lot 1 lying Easterly of the Westerly 150 feet of Lot 1 of
Greenbelt Centre Plat No. 3.
Also, Lots 1 thru 12 of Greenbelt Centre Plat No. 5.
Also, Lot 1 of Deer Creek Plat No. 2.
Also, that part of the Southwest 1/4 of the Southeast 1/4 of Section 32, Township 89 North, Range
13 West, described as beginning at the Southeast Corner of said Southwest 1/4 of the Southeast 1/4,
thence West 475 feet, thence North 790 feet, thence East 475 feet, thence South 790 feet to the
point of beginning
Amendment No. 6 area (2022) (2022 Addition Amendment No. 6 Subarea)
Beginning at the intersection of the centerline of U.S. Highway 63 and the West line of the
Northeast 1/4 of the Southwest 1/4 of Section 33, Township 89 North, Range 13 West, thence
North along said West line to its intersection with a line that is 1,789.59 feet North of the South
line of said Section 33, thence West along said line that is 1,789.59 feet North of the South line
of said Section 33 to its intersection with the East line of Section 32, Township 89 North, Range
13 West, thence South along the East line of said Section 32 to its intersection with an Easterly
extension of the North line of Lot 1 of Brock Addition, thence West along an Easterly extension
8
of the North line of said Lot 1 and the North line of said Lot 1 to the Northwest corner of said
Lot 1, thence South along the West line of said Lot 1 and a Southerly extension of the West line
of said Lot 1 to the South line of said Section 32, thence East along the South line of said Section
32 and the South line of said Section 33 to the centerline of U.S. Highway 63, thence
Northeasterly along the centerline of U.S. Highway 63 to the point of beginning.
Also, beginning at the intersection of the Northerly right-of-way line of Martin Road and the
Northwesterly right-of-way line of the Chicago Great Western Railroad (now abandoned), thence
Northeasterly along said Northwesterly right-of-way to the centerline of W 3rd Street, thence East
along the centerline of W 3rd Street to its intersection with a Northerly extension of the centerline
of Orange Grove Avenue, thence South along said Northerly extension of the centerline of
Orange Grove Avenue and the centerline of Orange Grove Avenue to the centerline of Campbell
Avenue, thence East along the centerline of Campbell Avenue to the centerline of Fletcher
Avenue, thence South and Southeasterly along the centerline of Fletcher Avenue to the centerline
of W 4th Street, thence Southwesterly along the centerline of W 4th Street to the centerline of
Martin Road, thence West along the centerline of Martin Road to the centerline of Ansborough
Avenue, thence North along the centerline of Ansborough Avenue to its intersection with the
Southeasterly right-of-way line of U.S. Highway 63, thence Southwesterly along the
Southeasterly right-of-way line of U.S. Highway 63 to its intersection with the East line of the
West 75 feet of Lot 23 of Park View Gardens, thence South along said East line to its
intersection with the North right-of-way line of Upland Drive, thence West along the North
right-of-way line of Upland Drive to its intersection with the Southeasterly right-of-way line of
U.S. Highway 63, thence Southwesterly along the Southeasterly right-of-way line of U.S.
Highway 63 to its intersection with the Northerly right-of-way line of Martin Road, thence West
along the Northerly right-of-way line of Martin Road to the point of beginning
9
Attachment C
City of Waterloo
Black Hawk County, Iowa
Study of Bonding Capacity as of January 1, 2019
January 1, 2019 Actual Gross Assessed Valuation $4,043,161,870
Legal Bonding Rate 5%
Legal Bonding Limit $ 202,158,094
Less Outstanding G.O. & Other Debt ($ 114,700,920)
Unused Gross bonding Capacity $ 87,457,174
56.74% of legal limit
Attachment D
Project Budget - Martin Road Development Plan (2022)
Infill of Greyhound Drive area
EXPENSES
Construction
$6,300,000
Architectural & Engineering Fees
$420,000
Construction Administration
$280,000
TOTAL
$7,000,000
FUNDING
City (Local Option, GO Bonds)
$800,000
City TIF
$2,800,000
Federal/State (MPO, RISE)
$3,400,000
TOTAL
$7,000,000
Infill of Lots along Highway 63 and West Ridgeway Avenue
EXPENSES
Acquisition
$1,800,000
Construction
$2,000,000
Engineering Fees
$240,000
Construction Administration
$80,000
TOTAL
$4,120,000
FUNDING
City (Local Option, G.O. Bonds)
$1,000,000
City TIF
$1,800,000
Federal/State (MPO, RISE)
$1,320,000
TOTAL
$4,120,000
Potential environmental work along corridor
EXPENSES
Assessments
$300,000
Cleanup
$600,000
Wetland Mitigation
$1,500,000
TOTAL
$2,400,000
FUNDING
City (G.O. Bonds)
$400,000
City TIF
$1,300,000
Federal/ State (EPA, DNR)
$700,000
TOTAL
$2,400,000
Martin Road Area Sanitary Sewer
EXPENSES
Construction
$1,500,000
Total
$1,500,000
FUNDING
City TIF
$1,500,000
Total
$1,500,000
Cedar Valley Crossing Road/Infrastructure
EXPENSES
Construction
$1,200,000
Total
$1,200,000
FUNDING
City TIF
$1,200,000
Total
$1,200,000
Kwik Trip Inc Fuel Blending
EXPENSES
Land Grant
$300,000
Total
$300,000
FUNDING
City TIF
$300,000
Total
$300,000
Deer Creek
EXPENSES
Grant
$400,000
Rebates
$2,142,969
Total
$2,542,969
FUNDING
City TIF
$2,542,969
Total
$2,542,969
Cardinal Construction
EXPENSES
Land Grant
$200,000
Rebates
$105,000
Total
$305,000
FUNDING
City TIF
$305,000
Total
$305,000
3 Stooges Martin Road land grant value
EXPENSES
Land Grant
$200,000
Rebates
$0
Total
$200,000
FUNDING
City TIF
$200,000
Total
$200,000
A&S Properties (Amy Wienands) Grant
EXPENSES
Grant
$420,000
Rebates
$200,000
Total
$620,000
FUNDING
City TIF
$620,000
Total
$620,000
Coordination with IDOT for potential roadway improvements to Highway 63
EXPENSES
Construction
$1,600,000
Engineering
$200,000
Construction Administration
$100,000
TOTAL
$1,900,000
FUNDING
City (Local Option, G.O. Bonds)
$950,000
State (RISE)
$950,000
TOTAL
$1,900,000
Reconstruction of West Ridgeway roadway portion across Black Hawk Creek
EXPENSES
Acquisition
$200,000
Construction
$6,000,000
Engineering Fees
$300,000
Construction Administration
$200,000
TOTAL
$6,700,000
FUNDING
City (Local Option, G.O. Bonds)
$3,350,000
State (RISE)
$3,350,000
TOTAL
$6,700,000
Traffic signalization improvements at major intersections in Corridor
EXPENSES
Acquisition/purchase
$1,200,000
Construction
$900,000
Engineering Fees
$100,000
Construction Administration
$100,000
TOTAL
$2,300,000
FUNDING
State (RISE)
$600,000
City (Local option, G.O. Bonds)
$1,300,000
Federal (MPO)
$400,000
TOTAL
$2,300,000
Acquisition of land throughout corridor for expansion of existing and new business
EXPENSES
Acquisition/purchase
$3,500,000
TOTAL
$3,500,000
FUNDING
City (G.O. Bonds, TIF funds)
$3,500,000
TOTAL
$3,500,000
Public Improvements
EXPENSES
Acquisition
$200,000
Construction
2,000,000
Storm Water Improvements
1,000,000
Engineering fees
$100,000
Construction Administration
$100,000
TOTAL
$3,400,000
FUNDING
City (TIF, G.O. Bonds)
$2,500,000
Federal/State (grants, RISE, MPO)
$900,000
TOTAL
$3,400,000
Byrnes Acquatics Facility
EXPENSES
Construction
$9,000,000
Engineering Fees
$1,000,000
Total
$10,000,000
FUNDING
City (G.O. Bonds)
Total
$10,000,000
$10,000,000
Other Martin Road Area road and infastructure improvements
EXPENSES
Acquisition
$100,000
Construction
$2,200,000
Engineering Fees
$100,000
Construction Administration
$100,000
TOTAL
$2,500,000
FUNDING
City (Local Option, G.O. Bonds)
$2,000,000
State (RISE)
$500,000
TOTAL
$2,500,000
Tax Rebate Projects
EXPENSES
Wilbert
$49,881
Country Estates
44,560
Riley
$13,496
Senad Disderevic
$70,182
JARF
$27,410
Mauer
$58,426
Social Security Building
$175,354
Turnkey PTL
$133,280
Turnkey SVW
$106,238
AVITA
$118,928
Hawkeye Stages
$229,626
Three Stooges (Charm Drive)
$34,000
BCS Properties
$6,000,000
Loves Travel Stop
$700,000
Gubbels
$200,000
M&K Electric (Charm Drive)
$25,000
Warren
$1,000,000
Brent Johnson (truck wash)
$330,000
TOTAL
$9,316,381
FUNDING
City (G.O. Bonds, TIF funds)
$9,316,381
TOTAL
$9,316,381
Legal, Consulting Fees, and expenses associated with administration and marketing of the urban renewal
area
EXPENSES
Fees
$1,000,000
TOTAL
$1,000,000
FUNDING
City (G.O. Bonds, TIF funds)
$1,000,000
TOTAL
$1,000,000
TOTAL EXPENSES
Infill of Greyhound Drive area
$7,000,000
Infill of Lots along Highway 63 and West
Ridgeway Avenue
$4,120,000
Potential environmental work along corridor
$2,400,000
Martin Road Area Sanitary Sewer
$1,500,000
Cedar Valley Crossing Road/Infrastructure
$1,200,000
Kwik Trip Inc Fuel Blending
$300,000
Deer Creek
$2,542,969
Cardinal Construction
$305,000
3 Stooges Martin Road land grant value
$200,000
A&S Properties (Amy Wienands) Grant
$620,000
Coordination with IDOT for potential roadway
improvements to Highway 63
$1,900,000
Reconstruction of West Ridgeway roadway
portion across Black Hawk Creek
$6,700,000
Traffic signalization improvements at major
intersections in Corridor
$2,300,000
Acquisition of land throughout corridor for
expansion of existing and new business
$3,500,000
Public Improvements
$3,400,000
Byrnes Acquatics Facility
$10,000,000
Other Martin Road Area road and infastructure
improvements
$2,500,000
Tax Rebate Projects
$9,316,381
Legal, Consulting Fees, and expenses associated
with administration and marketing of the urban
$1,000,000
renewal area
TOTAL
$60,804,350