HomeMy WebLinkAbout2023-315-05.15.2023 (RECORDED) I IIIIIII IIIIIIIIIIIIIIIIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIII IIII
Doc ID: 011967580002 Type: GEN
Recorded: 06/29/2023 at 11:27:30 AM
Fee Amt: $12.00 Page 1 of 2
Black Hawk County Iowa
2023-00017602
SANDIE L. SMITH RECORDER
File
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319)291-4323.
RESOLUTION NO. 2023-315
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH MANN ROAD STORAGE, LLC FOR THE
REDEVELOPMENT OF PROPERTY AT 3840 UNIVERSITY
AVENUE, WITH A MINIMUM ASSESSMENT AGREEMENT
OF $4,561,900.00, AND A TAX REBATE SCHEDULE OF TEN
(10) YEARS AT 50 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 May 15, 2023,between Mann Road Storage,LLC and
the City of Waterloo, for the redevelopment of property at 3840 University Avenue, with a
minimum assessment agreement of$4,561,900.00, and a tax rebate schedule of ten(10)years at
50 percent, and legally described as follows:
UNPLATTED WLOO WEST PART OF SE NE &NE SE SEC 20 T 89 R 13
DESC AS COM AT A PT 193 FT N OF THE SE COR LOT 30 CENTENNIAL
ADDITION TH N 539 FT TH E 579. 08 FT TH S 441.27 FT TH W 200 FT TH S
355 FT TH NEL Y 385.52 FT TH N 145.43 FT TH NWL Y 10.7 5 FT TO PT OF
BEG;
AND
CENTENNIAL ADDITION ALL LOTS 2 6, 27, 28 &29 EXC W 26 FT OF
EACH & ALL THAT PART LOT 30 EX CW 26 FT IN EVEN WIDTH LYING
N OF REAL ESTATE CONVEYED TO CITY OF WATERLOO IN QUIT
CLAIM DEED B 489 P 163 &CEDARLOO PARK WATERLOO LOT W-115;
AND
CENTENNIAL ADDITION PART OF LOT 30 COM AT SE COR SAID LOT 30
TH NWLY ALONG SLY LINE LOT 30 41.8 FT TO PT OF BEG TH NWL Y
ALONG SLY LINE LOT 30 A DIST OF 139.5 FT TH N 150 FT TH SELY
ALONG A LINE PAR WITH SLY LINE SAID LOT 30 139.5 FT TH S 150 FT
TO PT OF BEG &ALSO E 6 FT W 26 FT LOTS 27, 28, 26 &29
CENTENNIAL ADDITION& E 16 FT W 26 FT LOT 30 CENTENNIAL
ADDITION;
AND
DESCRIPTION: FRONTAGE ROAD TO BE VACATED IN LOT 30 OF
CENTENNIAL ADDITION:
A PARCEL OF LAND SITUATED IN LOT 30 OF CENTENNIAL ADDITION,
CITY OF WATERLOO, COUNTY OF BLACK HAWK, STATE OF IOWA,
DESCRIBED AS FOLLOWS.
BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 30; THENCE
NORTH 00° (DEGREES) 00' (MINUTES) 00" (SECONDS)EAST(ASSUMED
BEARING FOR THE PURPOSE OF THIS DESCRIPTION) ON THE EAST
LINE OF SAID LOT 30, A DISTANCE OF 193.03 FEET(193.00 FEET
RECORD); THENCE NORTH 74°35'00" WEST, 181.30 FEET; THENCE
SOUTH 00°00'00" WEST,43.00 FEET; THENCE SOUTH 74°34'18" EAST,
139.53 FEET(SOUTH 74 °35'00" EAST, 139.50 FEET RECORD); THENCE
SOUTH 00°00'00" WEST, 149.38 FEET (150.00 FEET RECORD) TO THE
SOUTH LINE OF SAID LOT 30 ALSO BEING THE PRESENT NORTHERLY
RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE; THENCE SOUTH
73°46'06" EAST ON THE SOUTH LINE OF SAID LOT 30 ALSO BEING THE
PRESENT NORTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY
AVENUE,A DISTANCE OF 41.95 FEET(SOUTH 74°35'00" EAST,41.80
FEET RECORD)TO THE POINT OF BEGINNING.
CONTAINING 13,547 SQUARE FEET OF 0.31 ACRE.
DESCRIPTION: THAT PORTION OF THE FRONTAGE ROAD TO BE
VACATED IN THE NORTHEAST 1/4 OF SOUTHEAST 1/4 OF SECTION 20,
Resolution 2023-315
Page 2
TOWNSHIP 89 NORTH, RANGE 13 WEST OF THE 5TH P.M.
A PARCEL OF LAND SITUATED IN THE NORTHEAST 1/4 OF THE
SOUTHEAST 1/4 OF SECTION 20, TOWNSHIP 89 NORTH,RANGE 13
WEST OF THE 5TH P.M., CITY OF WATERLOO, COUNTY OF BLACK
HAWK, STATE OF IOWA, DESCRIBED AS FOLLOWS.
BEGINNING AT THE SOUTHEAST CORNER OF LOT 30 OF CENTENNIAL
ADDITION SAID CORNER BEING ON THE WEST LINE OF THE
NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 20;
THENCE NORTH 00° (DEGREES)00' (MINUTES) 00" (SECONDS)EAST
(ASSUMED BEARING FOR THE PURPOSE OF THIS DESCRIPTION) ON
THE WEST LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF
SAID SECTION 20, A DISTANCE OF 193.03 FEET(193. 00 FEET RECORD);
THENCE SOUTH 74° 35'00" EAST, 10.81 FEET(10.70 FEET RECORD);
THENCE SOUTH 00°00'00" WEST, 145.38 FEET(145.43 FEET RECORD);
THENCE SOUTH 73°03'05" EAST, 385.49 FEET(SOUTH 73°02'44" EAST,
385.52 FEET RECORD); THENCE SOUTH 00°00'00" EAST, 46.77 FEET;
THENCE NORTH 73°45'38" WEST, 304.54 FEET TO THE PRESENT
NORTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE; THENCE
NORTH 71 °24'04" WEST(NORTH 71 °23'00" WEST CARBER HEIGHTS
RECORD) ON THE PRESENT NORTHERLY RIGHT-OF-WAY LINE OF
UNIVERSITY AVENUE, 91.56 FEET TO THE POINT OF BEGINNING,
SUBJECT TO THE RETENTION OF A PERMANENT PUBLIC AND
PRIVATE UTILITY EASEMENT ON, ABOVE AND UNDER THE ABOVE
DESCRIBED AREA.
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 15th day of May 2023.
Ouet uz ,r t
ATTEST: Quentin Hart, Mayor
7(elrey Fefcfi1
Kelley Felchle, City Clerk
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2023-315 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 15th day of May 2023.
Witness my hand and seal of office this 15th day of May 2023.
7(clTey Fe&cf1 Y«`
Kelley Felchle, City Clerk
SEAL
Wirt 7.
.• err ram. �.�.� r
y 0
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-315
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH MANN ROAD STORAGE, LLC FOR THE
REDEVELOPMENT OF PROPERTY AT 3840 UNIVERSITY
AVENUE, WITH A MINIMUM ASSESSMENT AGREEMENT
OF $4,561,900.00, AND A TAX REBATE SCHEDULE OF TEN
(10) YEARS AT 50 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 May 15, 2023, between Mann Road Storage, LLC and
the City of Waterloo, for the redevelopment of property at 3840 University Avenue, with a
minimum assessment agreement of $4,561,900.00, and a tax rebate schedule of ten (10) years at
50 percent, and legally described as follows:
UNPLATTED WLOO WEST PART OF SE NE & NE SE SEC 20 T 89 R 13
DESC AS COM AT A PT 193 FT N OF THE SE COR LOT 30 CENTENNIAL
ADDITION TH N 539 FT TH E 579. 08 FT TH S 441.27 FT TH W 200 FT TH S
355 FT TH NEL Y 385.52 FT TH N 145.43 FT TH NWL Y 10.7 5 FT TO PT OF
BEG;
AND
CENTENNIAL ADDITION ALL LOTS 2 6, 27, 28 & 29 EXC W 26 FT OF
EACH & ALL THAT PART LOT 30 EX CW 26 FT IN EVEN WIDTH LYING
N OF REAL ESTATE CONVEYED TO CITY OF WATERLOO IN QUIT
CLAIM DEED B 489 P 163 & CEDARLOO PARK WATERLOO LOT W-115;
AND
CENTENNIAL ADDITION PART OF LOT 30 COM AT SE COR SAID LOT 30
TH NWLY ALONG SLY LINE LOT 30 41.8 FT TO PT OF BEG TH NWL Y
ALONG SLY LINE LOT 30 A DIST OF 139.5 FT TH N 150 FT TH SELY
ALONG A LINE PAR WITH SLY LINE SAID LOT 30 139.5 FT TH S 150 FT
TO PT OF BEG & ALSO E 6 FT W 26 FT LOTS 27, 28, 26 & 29
CENTENNIAL ADDITION & E 16 FT W 26 FT LOT 30 CENTENNIAL
ADDITION;
AND
DESCRIPTION: FRONTAGE ROAD TO BE VACATED IN LOT 30 OF
CENTENNIAL ADDITION:
A PARCEL OF LAND SITUATED IN LOT 30 OF CENTENNIAL ADDITION,
CITY OF WATERLOO, COUNTY OF BLACK HAWK, STATE OF IOWA,
DESCRIBED AS FOLLOWS.
BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 30; THENCE
NORTH 00° (DEGREES) 00' (MINUTES) 00" (SECONDS) EAST (ASSUMED
BEARING FOR THE PURPOSE OF THIS DESCRIPTION) ON THE EAST
LINE OF SAID LOT 30, A DISTANCE OF 193.03 FEET (193.00 FEET
RECORD); THENCE NORTH 74°35'00" WEST, 181.30 FEET; THENCE
SOUTH 00°00'00" WEST, 43.00 FEET; THENCE SOUTH 74°34'18" EAST,
139.53 FEET (SOUTH 74 '35'00" EAST, 139.50 FEET RECORD); THENCE
SOUTH 00°00'00" WEST, 149.38 FEET (150.00 FEET RECORD) TO THE
SOUTH LINE OF SAID LOT 30 ALSO BEING THE PRESENT NORTHERLY
RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE; THENCE SOUTH
73°46'06" EAST ON THE SOUTH LINE OF SAID LOT 30 ALSO BEING THE
PRESENT NORTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY
AVENUE, A DISTANCE OF 41.95 FEET (SOUTH 74°35'00" EAST, 41.80
FEET RECORD) TO THE POINT OF BEGINNING.
CONTAINING 13,547 SQUARE FEET OF 0.31 ACRE.
DESCRIPTION: THAT PORTION OF THE FRONTAGE ROAD TO BE
VACATED IN THE NORTHEAST 1/4 OF SOUTHEAST 1/4 OF SECTION 20,
Resolution 2023-315
Page 2
TOWNSHIP 89 NORTH, RANGE 13 WEST OF THE 5TH P.M.
A PARCEL OF LAND SITUATED IN THE NORTHEAST 1/4 OF THE
SOUTHEAST 1/4 OF SECTION 20, TOWNSHIP 89 NORTH, RANGE 13
WEST OF THE 5TH P.M., CITY OF WATERLOO, COUNTY OF BLACK
HAWK, STATE OF IOWA, DESCRIBED AS FOLLOWS.
BEGINNING AT THE SOUTHEAST CORNER OF LOT 30 OF CENTENNIAL
ADDITION SAID CORNER BEING ON THE WEST LINE OF THE
NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SAID SECTION 20;
THENCE NORTH 00° (DEGREES) 00' (MINUTES) 00" (SECONDS) EAST
(ASSUMED BEARING FOR THE PURPOSE OF THIS DESCRIPTION) ON
THE WEST LINE OF THE NORTHEAST 1/4 OF THE SOUTHEAST 1/4 OF
SAID SECTION 20, A DISTANCE OF 193.03 FEET (193. 00 FEET RECORD);
THENCE SOUTH 74° 35'00" EAST, 10.81 FEET (10.70 FEET RECORD);
THENCE SOUTH 00°00'00" WEST, 145.38 FEET (145.43 FEET RECORD);
THENCE SOUTH 73°03'05" EAST, 385.49 FEET (SOUTH 73°02'44" EAST,
385.52 FEET RECORD); THENCE SOUTH 00°00'00" EAST, 46.77 FEET;
THENCE NORTH 73°45'38" WEST, 304.54 FEET TO THE PRESENT
NORTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE; THENCE
NORTH 71 '24'04" WEST (NORTH 71 '23'00" WEST CARBER HEIGHTS
RECORD) ON THE PRESENT NORTHERLY RIGHT-OF-WAY LINE OF
UNIVERSITY AVENUE, 91.56 FEET TO THE POINT OF BEGINNING,
SUBJECT TO THE RETENTION OF A PERMANENT PUBLIC AND
PRIVATE UTILITY EASEMENT ON, ABOVE AND UNDER THE ABOVE
DESCRIBED AREA.
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 15th day of May 2023.
ATTEST:
Kelley FefchCe
Kelley Felchle, City Clerk
CERTIFICATE
Quen-lin Jzri
Quentin Hart, Mayor
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2023-315 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 15th day of May 2023.
Witness my hand and seal of office this 15th day of May 2023.
Kelley Fefchfe
Kelley Felchle, City Clerk
SEAL