HomeMy WebLinkAbout2023-248-04.17.2023 (RESCINDED) Resolution No. 2023-248 rescinded July 17, 2023 by Resolution No. 2023-439 to correct the
legal description.
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-248
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH 3 STOOGES,
LLC, FOR THE CONSTRUCTION OF A NEW 50,000 SQUARE
FOOT WAREHOUSE AND FUTURE 9,000 SQUARE FOOT
ADDITION, WITH A MINIMUM ASSESSED VALUE OF
$1,800,00.00 AND TAX REBATES OF FIVE (5) YEARS AT
FIFTY PERCENT, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Development Agreement dated April 17, 2023, between 3 Stooges, LLC and the
City of Waterloo, for the construction of a new 50,000 square foot warehouse and future 9,000
square foot addition, with a minimum assessed value of$1,800,00.00 and tax r of five (5)
years at fifty percent, and legally described as follows:
LOTS 1 AND 2, WATERLOO AIR AND RAIL PARK 1 ST DI ,
EXCEPT THE SOUTH 145.15 FEET, ALL IN THE CIT F ATE O,
BLACK HAWK COUNTY, IOWA
is hereby approved, and the Mayor and City Clerk are aut d ed t ecute
said document on behalf of the City of Waterloo, Iowa
PASSED AND ADOPTED this 17th day ril 2
Quentin Hart, Mayor
ATTEST:
LeAnn M. Even, Depu it le
CERTIFICATE
a
1, L Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the cedin true and complete copy of Resolution No. 2023-248 as passed and adopted
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by the i uncil e City of Waterloo, Iowa, on the 17th day of April 2023.
ess my han and seal of office this 17th day of April 2023.
LeAnn M. Even, Deputy City Clerk
SEAL
4 WV A T
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Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-248
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH 3 STOOGES,
LLC, FOR THE CONSTRUCTION OF A NEW 50,000 SQUARE
FOOT WAREHOUSE AND FUTURE 9,000 SQUARE FOOT
ADDITION, WITH A MINIMUM ASSESSED VALUE OF
$1,800,00.00 AND TAX REBATES OF FIVE (5) YEARS AT
FIFTY PERCENT, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated April 17, 2023, between 3 Stooges, LLC and the City of
Waterloo, for the construction of a new 50,000 square foot warehouse and future 9,000 square
foot addition, with a minimum assessed value of $1,800,00.00 and tax rebates of five (5) years at
fifty percent, and legally described as follows:
LOTS 1 AND 2, WATERLOO AIR AND RAIL PARK 1ST ADDITION,
EXCEPT THE SOUTH 145.15 FEET, ALL IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA
is hereby approved, and the Mayor and City Clerk are authorized and directed to execute
said document on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 17th day of April 2023.
ATTEST:
LeAnn M. Even, Deputy City Clerk
CERTIFICATE
Quentin Hart, Mayor
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2023-248 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 17th day of April 2023.
Witness my hand and seal of office this 17th day of April 2023.
LeAnn M. Even, Deputy City Clerk
SEAL
Aiimpli‘O