HomeMy WebLinkAbout2023-461-08.07.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-461
RESOLUTION SETTING THE DATE OF PUBLIC HEARING
AS AUGUST 21, 2023, FOR THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY IN THE AMOUNT OF $1.00
TO 3 STOOGES, LLC, FOR THE CONSTRUCTION OF A 9,000
SQUARE FOOT COMMERCIAL BUILDING, WITH A
MINIMUM ASSESSED VALUE OF $350,000.00, INCLUDING
A DEVELOPMENT AND MINIMUM ASSESSMENT
AGREEMENT, WITH A TAX REBATE SCHEDULE OF FIVE
YEARS AT 50 PERCENT, LOCATED SOUTH OF 130
HYPERDRIVE, 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 21s` day of August 2023, to
hold a public hearing to consider the sale and conveyance of City -owned property in the amount
of $1.00 to 3 Stooges, LLC, for the construction of a 9,000 square foot commercial building, with
a minimum assessed value of $350,000.00, including a Development and Minimum Assessment
Agreement, with a tax rebate schedule of five years at 50 percent, located south of 130
HyperDrive.
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:
(elley Felchle
Kelley Felchle, City Clerk
SEAL
f
Quentin Hart, Mayor
DIGITALLY