HomeMy WebLinkAbout2023-626-10.02.2023 (RECORDED) IlII III III IIII 1 III III II0 IIIII II 1111100IIIII IIM III I IIII IIII
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Recorded: 12/01/2023 at 03:23:08 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER
File2024-0000 /7 208
+Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-626
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH SKH
PROPERTIES, LLC, FOR THE CONSTRUCTION OF A 4,350
SQUARE FOOT MEDICAL OFFICE BUILDING, WITH A
REBATES SCHEDULE OF YEARS ONE AND TWO OF
NINETY PERCENT, YEARS THREE AND FOUR OF EIGHTY-
FIVE PERCENT AND YEARS FIVE THROUGH TEN AT 80%,
WITH A MINIMUM ASSESSED VALUE OF $714,200.00,
LOCATED SOUTHEAST OF 4006 JOHNATHAN STREET AT
THE CORNER OF TOWER PARK DRIVE AND JOHNATHAN
STREET, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated October 2, 2023,
between SKH Properties, LLC and the City of Waterloo, the construction of a 4,350 square foot
medical office building, with a rebates schedule of years one and two of ninety percent,years
three and four of eighty-five percent and years five through ten at 80%, with a minimum assessed
value of$714,200.00, located southeast of 4006 Johnathan Street at the corner of Tower Park
Drive and Johnathan Street, and legally described as follows:
PARCEL"F" OF PLAT OF SURVEY FILED AS DOC. #2005-07651 BEING A
PART OF THE NORTHEAST QUARTER OF SECTION 9,TOWNSHIP 88
NORTH, RANGE 13 WEST OF THE FIFTH PRINCIPAL MERIDIAN, BLACK
HAWK COUNTY, IOWA
is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2"a day of October 2023.
Que./ /n 9 ,,,/ 91GIi N
/L/`t#i' �T SIGNED '.
ATTEST: Quentin Hart, Mayor
1(elley relchle Pic o
Kelley Felchle, City Clerk
2
Resolution 2023-626
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. 2023-626 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 2nd day of October 2023.
Witness my hand and seal of office this 2nd day of October 2023.
2�eCCey FeCChfe `s"icNE
n
SEAL Kelley Felchle, City Clerk
A?
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• '14 D ■'-11 1111 11 1 1. a
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Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-626
RESOLUTION APPROVING A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH SKH
PROPERTIES, LLC, FOR THE CONSTRUCTION OF A 4,350
SQUARE FOOT MEDICAL OFFICE BUILDING, WITH A
REBATES SCHEDULE OF YEARS ONE AND TWO OF
NINETY PERCENT, YEARS THREE AND FOUR OF EIGHTY-
FIVE PERCENT AND YEARS FIVE THROUGH TEN AT 80%,
WITH A MINIMUM ASSESSED VALUE OF $714,200.00,
LOCATED SOUTHEAST OF 4006 JOHNATHAN STREET AT
THE CORNER OF TOWER PARK DRIVE AND JOHNATHAN
STREET, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated October 2, 2023,
between SKH Properties, LLC and the City of Waterloo, the construction of a 4,350 square foot
medical office building, with a rebates schedule of years one and two of ninety percent, years
three and four of eighty-five percent and years five through ten at 80%, with a minimum assessed
value of $714,200.00, located southeast of 4006 Johnathan Street at the corner of Tower Park
Drive and Johnathan Street, and legally described as follows:
PARCEL "F" OF PLAT OF SURVEY FILED AS DOC. #2005-07651 BEING A
PART OF THE NORTHEAST QUARTER OF SECTION 9, TOWNSHIP 88
NORTH, RANGE 13 WEST OF THE FIFTH PRINCIPAL MERIDIAN, BLACK
HAWK COUNTY, IOWA
is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of October 2023.
ATTEST:
K,elley Eelchle
Kelley Felchle, City Clerk
62caercrc 9ir�
Quentin Hart, Mayor
Resolution 2023-626
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. 2023-626 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 2nd day of October 2023.
Witness my hand and seal of office this 2nd day of October 2023.
Kelley Telchle
Kelley Felchle, City Clerk