HomeMy WebLinkAbout2023-439-07.17.2023 (RECORDED) 11111111111111113111
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER i /J Q
File2024-00001128
44 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-439
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH 3 STOOGES,
LLC, FOR THE CONSTRUCTION OF A NEW 50,000 SQUARE
FOOT WAREHOUSE, WITH A MINIMUM ASSESSED VALUE
OF $1,450,00.00, AND TAX REBATES OF FIVE (5)YEARS AT
FIFTY PERCENT, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENT, AND
RESCINDING RESOLUTION NO. 2023-248.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated July 17, 2023,
between 3 Stooges, LLC and the City of Waterloo, for the construction of a new 50,000-square-
foot warehouse with a minimum assessed value of$1,450,000.00, and tax rebates of five(5)
years at fifty percent, for property located at the southeast corner of Leversee Road and Hyper
Drive, and legally described as follows:
LOTS I AND 2, WATERLOO AIR AND RAIL PARK 2ND ADDITION,
EXCEPT THE SOUTH 145.15 FEET, 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.
2. That Resolution No. 2023-248 is hereby rescinded in its entirety.
PASSED AND ADOPTED this 17th day of July 2023.
QuerdoDICIIALLY
SIGNED
NED
ATTEST: Quentin Hart, Mayor
?e(le EeCchfe
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. 2023-439 as passed and adopted by the
City Council of the City of Waterloo,Iowa, on the 17th day of July 2023.
Witness my hand and seal of office this 17th day of July 2023.
(etTey lc Fehle
Kelley Felchle, City Clerk
SEAL
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