HomeMy WebLinkAbout2023-593-10.02.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-593
RESOLUTION RESETTING DATE OF PUBLIC HEARING AS
OCTOBER 16, 2023, FOR THE SALE AND CONVEYANCE OF
CITY -OWNED RIGHT-OF-WAY TO GRANT PARK, LLC, IN
THE AMOUNT OF $1.00, WITH A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT IN THE AMOUNT
OF $2,200,000.00, WITH A REBATE SCHEDULE OF EIGHTY
PERCENT FOR YEARS ONE THROUGH FIVE AND
SEVENTY PERCENT FOR YEARS SIX THROUGH TEN,
LOCATED AT 2775 CROSSROADS BOULEVARD, FOR THE
CONSTRUCTION OF A NEW 10,000 SQUARE FOOT
COMMERCIAL BUILDING, AND INSTRUCT THE CITY
CLERK TO PUBLISH NOTICE.
WHEREAS, a public hearing was held on August 7, 2023, in conjunction with the sale
and conveyance of city -owned property to Grant Park, LLC, in the amount of $1.00, with a
Development and Minimum Assessment Agreement in the amount of $2,200,000.00, with a
rebate schedule of eighty percent for years one through five and seventy percent for years six
through ten, located at 2775 Crossroads Boulevard, for the construction of a new 10,000 square
foot commercial building.
WHEREAS, notice of publication of said hearing per Iowa Code Section 362.3 was not
published timely by the Waterloo Courier.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, 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 re -open the public hearing, in conjunction with the sale and conveyance of city -owned
property to Grant Park, LLC, in the amount of $1.00, with a Development and Minimum
Assessment Agreement in the amount of $2,200,000.00, with a rebate schedule of eighty percent
for years one through five and seventy percent for years six through ten, located at 2775
Crossroads Boulevard, for the construction of a new 10,000 square foot commercial building.
BE IT FURTHER RESOLVED, that the City Clerk is now 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.
Quentin Hart, Mayor
ATTEST:
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Kelley Felchle, City Clerk
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