HomeMy WebLinkAbout2023-588-10.02.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-588
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
OCTOBER 16, 2023, FOR THE SALE AND CONVEYANCE OF
SIXTY ACRES OF CITY -OWNED PROPERTY TO PWM
COMPANIES, LLC, IN THE AMOUNT OF $2,160,000.00,
INCLUDING A DEVELOPMENT AGREEMENT, WITH A
GRANT SCHEDULE OF A MINIMUM OF $40,000.00
ANNUALLY, LOCATED EAST OF 4342 ANSBOROUGH
AVENUE AT THE SOUTHEAST CORNER OF THE
ANSBOROUGH AVENUE AND HIGHWAY 20
INTERCHANGE, FOR THE CONSTRUCTION OF
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 16th day of October 2023, to
hold a public hearing to consider the sale and conveyance of city -owned property located east of
4342 Ansborough Avenue at the southeast corner of the Ansborough Avenue and Highway 20
Interchange, to PWM Companies, LLC, in the amount of $2,160,000.00, including a
Development Agreement, with a grant schedule of a minimum of $40,000.00 annually, for the
construction of 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 2nd day of October 2023.
alert z > rt
Quentin Hart, Mayor
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
SEAL