HomeMy WebLinkAbout2023-395-06.20.2023 (RECORDED) 1IIIIIII IIIIII III IIIII IIIII IIIII II II IIIII IIIII IIIII IIIII IIIII IIIII III I II II
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Recorded: 07/24/2023 at 02:52:09 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER i G Q
File2024-00001058
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
-if IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-395
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH FREEDOM TRUCK AND TRAILER
WASH, LLC AND DEER CREEK DEVELOPMENT FOR THE
CONSTRUCTION OF A 4,600 SQUARE FOOT AUTOMATED
TRUCK AND TRAILER WASH, WITH A MINIMUM
ASSESSED VALUE OF $2,200,000.00, LOCATED AT THE
SOUTHEAST CORNER OF GREYHOUND DRIVE AND
CYCLONE DRIVE, INCLUDING MINIMUM ASSESSMENT
AND DEVELOPMENT AGREEMENTS WITH A REBATE OF
85 PERCENT FOR YEARS ONE THROUGH TWO, 80
PERCENT FOR YEARS THREE THROUGH SEVEN, 75
PERCENT FOR YEARS EIGHT THROUGH TEN AND 50
PERCENT FOR YEARS ELEVEN THROUGH TWELVE, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated June 20, 2023,between Freedom Truck and Trailer
Wash, LLC, Deer Creek Development and the City of Waterloo, for the construction of a 4,600
square foot automated truck and trailer wash, with a minimum assessed value of$2,200,000.00,
located at the southeast corner of Greyhound Drive and Cyclone Drive, including Minimum
Assessment and Development Agreements with a rebate of 85 percent for years one through two,
80 percent for years three through seven, 75 percent for years eight through ten and 50 percent
for years eleven through twelve, and legally described as follows:
LOTS 6 AND 7, EXCEPT THE SOUTH 62 FEET THEREOF, GREENBELT CENTRE
PLAT NO. 8, 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 20t" day of June 2023.
Que� 1(,(, mcitauv
�/ f SIGNED
Nef
ATTEST: Quentin Hart, Mayor
Ke1Tey c'etchte
SIGNED
Kelley Felchle, City Clerk
Resolution 2023-395
Page 2
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. 2023-395 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 20`h day of June 2023.
Witness my hand and seal of office this 20th day of June 2023.
Kelley Eelchle
SIGNED
Kelley Felchle, City Clerk
SEAL
WA 0 4isiimaglisinimil
30
I v i,‘
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-395
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH FREEDOM TRUCK AND TRAILER
WASH, LLC AND DEER CREEK DEVELOPMENT FOR THE
CONSTRUCTION OF A 4,600 SQUARE FOOT AUTOMATED
TRUCK AND TRAILER WASH, WITH A MINIMUM
ASSESSED VALUE OF $2,200,000.00, LOCATED AT THE
SOUTHEAST CORNER OF GREYHOUND DRIVE AND
CYCLONE DRIVE, INCLUDING MINIMUM ASSESSMENT
AND DEVELOPMENT AGREEMENTS WITH A REBATE OF
85 PERCENT FOR YEARS ONE THROUGH TWO, 80
PERCENT FOR YEARS THREE THROUGH SEVEN, 75
PERCENT FOR YEARS EIGHT THROUGH TEN AND 50
PERCENT FOR YEARS ELEVEN THROUGH TWELVE, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Development Agreement dated June 20, 2023, between Freedom Truck and Trailer
Wash, LLC, Deer Creek Development and the City of Waterloo, for the construction of a 4,600
square foot automated truck and trailer wash, with a minimum assessed value of $2,200,000.00,
located at the southeast corner of Greyhound Drive and Cyclone Drive, including Minimum
Assessment and Development Agreements with a rebate of 85 percent for years one through two,
80 percent for years three through seven, 75 percent for years eight through ten and 50 percent
for years eleven through twelve, and legally described as follows:
LOTS 6 AND 7, EXCEPT THE SOUTH 62 FEET THEREOF, GREENBELT CENTRE
PLAT NO. 8, 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 20th day of June 2023.
ATTEST:
7(elley EeCc/it
Kelley Felchle, City Clerk
62ctertari art
Quentin Hart, Mayor
DIGITALLY
SIGNED
ool
Resolution 2023-395
Page 2
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. 2023-395 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 20th day of June 2023.
Witness my hand and seal of office this 20th day of June 2023.
SEAL
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IIlu IwIu�IuI,I •
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Kelley Felchle
Kelley Felchle, City Clerk