HomeMy WebLinkAbout2023-408-07.03.2023Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-408
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
JULY 17, 2023, FOR THE SALE AND CONVEYANCE OF
CITY -OWNED PROPERTY IN THE AMOUNT OF $1.00,
LOCATED AT THE SOUTHEAST CORNER OF LEVERSEE
ROAD AND HYPER DRIVE, FOR THE CONSTRUCTION OF
A 50,000 SQUARE FOOT WAREHOUSE, INCLUDING A
DEVELOPMENT AGREEMENT AND MINIMUM
ASSESSMENT AGREEMENT WITH 3 STOOGES, LLC WITH
A MINIMUM ASSESSED VALUE OF $1,450,000.00 AND TAX
REBATES OF 5 YEARS AT 50%, AND RESCINDING
RESOLUTIONS 2023-247 AND 2023-248 IN THEIR
ENTIRETY, AND INSTRUCT THE CITY CLERK TO PUBLISH
NOTICE.
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 July 2023, to
hold a public hearing, to approve sale and conveyance of City -owned property in the amount of
$1.00, located at the southeast corner of Leversee Road and Hyper Drive, for the construction of
a 50,000 square foot warehouse, including a Development Agreement and Minimum Assessment
Agreement with 3 Stooges, LLC with a minimum assessed value of $1,450,000.00 and tax
rebates of 5 years at 50%.
Section 2. That the City Clerk is hereby directed to publish notice of the time and place
of said hearing in the Waterloo Courier.
Section 3. That resolution numbers 2023-247 and 2023-248 are hereby rescinded in their
entirety.
PASSED AND ADOPTED this 3rd day of July 2023.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
SEAL
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