HomeMy WebLinkAbout2023-194-04.03.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-194
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
APRIL 17, 2023, FOR THE SALE AND CONVEYANCE OF
CITY -OWNED PROPERTY IN THE AMOUNT OF $1.00 WITH
A MINIMUM ASSESSED VALUE OF $1,800,000.00,
LOCATED AT THE SOUTHEAST CORNER OF LEVERSEE
ROAD AND HYPER DRIVE, FOR THE CONSTRUCTION OF
A 50,000 SQUARE FOOT WAREHOUSE WITH A FUTURE
9,000 SQUARE FOOT EXPANSION, INCLUDING A
DEVELOPMENT AGREEMENT AND MINIMUM
ASSESSMENT AGREEMENT WITH 3 STOOGES, LLC, 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, meet in the Harold E. Getty
Council Chambers at City Hall, Waterloo, Iowa, at 5:30 p.m. on the 17th day of April 2023, to
hold a public hearing, to approve the sale and conveyance of City -owned property in the amount
of $1.00 with a minimum assessed value of $1,800,000.00, located at the southeast corner of
Leversee Road and Hyper Drive, for the construction of a 50,000 square foot warehouse with a
future 9,000 square foot expansion, including a Development Agreement and Minimum
Assessment Agreement with 3 Stooges, LLC.
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 3rd day of April 2023.
ATTEST:
Kelley Felchle, City Clerk
SEAL
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PVIIVO
Quentin Hart, Mayor