HomeMy WebLinkAbout2023-456-08.07.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-456
RESOLUTION SETTING THE DATE OF PUBLIC HEARING
AS AUGUST 21, 2023, FOR THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY LOCATED EAST OF 2200
FALLS AVENUE IN THE AMOUNT OF $1.00, AND TO
APPROVE A DEVELOPMENT AGREEMENT WITH 3
STOOGES, LLC, WITH A MINIMUM ASSESSMENT
AGREEMENT OF $500,000.00 FOR THE CONSTRUCTION OF
TWO 4,800 SQUARE FOOT COMMERCIAL BUILDINGS,
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 21' day of August 2023, to
hold a public hearing, in conjunction with the sale and conveyance of city -owned property located
east of 2200 Falls Avenue in the amount of $1.00, and to approve a Development Agreement with
3 Stooges, LLC, with a Minimum Assessment Agreement of $500,000.00 for the construction of
two 4,800 square foot commercial buildings.
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 7th day of August 2023.
ATTEST:
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'1GITALLY
SIGNED
Quentin Hart, Mayor
Kelley <Felchle
Kelley Felchle, City Clerk
SEAL
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