HomeMy WebLinkAbout2022-453-07.18.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-453
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
AUGUST 1, 2022 TO CONSIDER APPROVAL OF A
DEVELOPMENT AND 5-YEAR BUSINESS PROPERTY
LEASE AGREEMENT WITH RISK TRUST, LLC, FOR THE
LEASE/CONVEYANCE OF LAND IN THE SOUTH
WATERLOO BUSINESS PARK FOR MULTIPLE DATA
CONTAINERS/CENTERS AND RIGHTS TO ADDITIONAL
LAND IN THE SOUTH WATERLOO BUSINESS PARK FOR
FUTURE PROJECTS, IN THE AMOUNT OF $1,000.00 PER
MONTH, AND OPTION TO PURCHASE PROPERTY FOR
$1.00, 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 1st day of August 2022,
to consider approval of a Development and 5-year Business Property Lease Agreement with Risk
Trust, LLC, for the lease/conveyance of land in the South Waterloo Business Park for multiple
data containers/centers and rights to additional land in the South Waterloo Business Park for
future projects, in the amount of $1,000.00 per month, and option to purchase property for $1.00.
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 18th day of July 2022.
SIGNED
Ray Feuss, Mayor Pro Tem
ATTEST:
Kelley Felchle, City Clerk
SEAL
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