HomeMy WebLinkAbout2023-434-07.17.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-434
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
AUGUST 7, 2023, FOR THE SALE AND CONVEYANCE OF
CITY -OWNED RIGHT-OF-WAY TO GRANT PARK, LLC, IN
THE AMOUNT OF $1.00, WITH A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT IN THE AMOUNT
OF $2,200,000.00, WITH A REBATE SCHEDULE OF 80
PERCENT FOR YEARS ONE (1) THROUGH FIVE (5) AND 70
PERCENT FOR YEARS SIX (6) THROUGH TEN (10),
LOCATED AT 2775 CROSSROADS BOULEVARD, FOR THE
CONSTRUCTION OF A NEW 10,000 SQUARE FOOT
COMMERCIAL BUILDING, 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 7th day of August 2023, to
hold a public hearing to consider the sale and conveyance of City -owned right-of-way to Grant
Park, LLC, in the amount of $1.00, with a Development and Minimum Assessment Agreement in
the amount of $2,200,000.00, with a rebate schedule of 80 percent for years one (1) through five
(5) and 70 percent for years six (6) through ten (10), located at 2775 Crossroads Boulevard, for
the construction of a new 10,000 square foot commercial building.
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 17th day of July 2023.
ATTEST:
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Quentin Hart, Mayor
RZelley Felchle
Kelley Felchle, City Clerk
SEAL
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