HomeMy WebLinkAbout2023-659-10.16.2023Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-659
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH PWM COMPANIES, LLC, FOR THE
CONSTRUCTION OF TWO NEW 138,000 SQUARE FOOT
BUILDINGS, WITH A GRANT SCHEDULE OF A MINIMUM
OF $40,000.00 ANNUALLY, 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 Agreement dated October 16, 2023, between PWM Companies,
LLC and the City of Waterloo, for the construction of two new 138,000 square foot buildings,
with a grant schedule of a minimum of $40,000.00 annually, on property located east of 4342
Ansborough Avenue at the southeast corner of the Ansborough Avenue and the Highway 20
Interchange, and legally described as follows:
THE SOUTHWEST QUARTER (SW 1/4) OF THE NORTHWEST QUARTER
(NW 1/4) OF SECTION 9, TOWNSHIP 88 NORTH, RANGE 13 WEST OF
THE FIFTH PRINCIPAL MERIDIAN, CITY OF WATERLOO, BLACK HAWK
COUNTY, STATE OF IOWA, EXCEPT THE WEST 33 FEET THEREOF, AND
EXCEPT TRACTS A AND B AS DESCRIBED IN LD BOOK 539 PAGE 982,
AND EXCEPT FEE TRACTS A AND B AS DESCRIBED IN DOCUMENT
NO. 2006-873, AND EXCEPT THAT PART DESCRIBED IN DOCUMENT
NO. 2012-16922, ALL FILED IN THE BLACK HAWK COUNTY
RECORDER'S OFFICE;
AND
THAT PART OF THE EAST HALF (E 1/2) OF THE NORTHWEST QUARTER
(NW 1/4) OF SECTION 9, TOWNSHIP 88 NORTH, RANGE 13 WEST OF
THE FIFTH PRINCIPAL MERIDIAN, CITY OF WATERLOO, BLACK HAWK
COUNTY, STATE OF IOWA, LYING SOUTHERLY OF US HIGHWAY NO.
20 AS DESCRIBED IN LD BOOK 539 PAGE 996, AND EXCEPT THAT PART
CONVEYED TO THE STATE OF IOWA IN DOC. NO. 2006-18278, ALL
FILED IN THE BLACK HAWK COUNTY RECORDER'S OFFICE;
AND
THE NORTHWEST QUARTER (NW 1/4) OF THE SOUTHWEST QUARTER
(SW 1/4) OF SECTION 9, TOWNSHIP 88 NORTH, RANGE 13 WEST OF THE
FIFTH PRINCIPAL MERIDIAN, CITY OF WATERLOO, BLACK HAWK
COUNTY, STATE OF IOWA, EXCEPT THE WEST 33 FEET THEREOF, AND
EXCEPT THAT PART THEREOF DESCRIBED IN DOCUMENT NO. 2012-
16922, AND EXCEPT THAT PART THEREOF DESCRIBED IN LAND
DEEDS BOOK 567 PAGE 633, AND EXCEPT THAT PART THEREOF
DESCRIBED IN LAND DEEDS BOOK 569 PAGE 42, ALL FILED IN THE
BLACK HAWK COUNTY RECORDER'S OFFICE;
AND
THE NORTHEAST QUARTER (NE 1/4) OF THE SOUTHWEST QUARTER
(SW 1/4) OF SECTION 9, TOWNSHIP 88 NORTH, RANGE 13 WEST OF THE
FIFTH PRINCIPAL MERIDIAN, CITY OF WATERLOO, BLACK HAWK
COUNTY, STATE OF IOWA;
AND
THE NORTH HALF (N 1/2) OF THE SOUTH HALF (S 1/2) OF THE
SOUTHWEST QUARTER (SW 1/4) OF SECTION 9, TOWNSHIP 88 NORTH,
RANGE 13 WEST OF THE FIFTH PRINCIPAL MERIDIAN, CITY OF
WATERLOO, BLACK HAWK COUNTY, STATE OF IOWA, EXCEPT THE
WEST 385 FEET THEREOF;
AND
THAT PART OF THE WEST HALF (W 1/2) OF THE NORTHEAST
Resolution 2023-659
Page 2
QUARTER (NE 1/4) OF SECTION 9, TOWNSHIP 88 NORTH, RANGE 13
WEST OF THE FIFTH PRINCIPAL MERIDIAN, CITY OF WATERLOO,
BLACK HAWK COUNTY, STATE OF IOWA, DESCRIBED AS BEGINNING
AT THE CENTER OF SAID SECTION; THENCE NORTH 0° 03' WEST
1033.5 FEET ALONG THE WEST LINE OF SAID NORTHEAST QUARTER;
THENCE SOUTH 89° 19'/2` WEST 920.5 FEET; THENCE SOUTH 26° 56'
WEST 508.5 FEET; THENCE SOUTH 0° 541/2' WEST 561.8 FEET TO A
POINT ON THE SOUTH LINE OF SAID NORTHEAST QUARTER; THENCE
SOUTH 89° 211/2 ` WEST 680.4 FEET ALONG SAID SOUTH LINE TO THE
POINT OF BEGINNING.
SUBJECT TO EASEMENTS, RESTRICTIONS, COVENANTS,
ORDINANCES, AND LIMITED ACCESS PROVISIONS OF RECORD AND
NOT OF RECORD.
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 16th day of October 2023.
ATTEST:
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LeAnn M. Even, Deputy City Cle
CERTIFICATE
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Ray Feuss, Mayor Pro Tem
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2023-659 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 16th day of October 2023.
Witness my hand and seal of office this 16th day of October 2023.
SEAL
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LeAnn M. Even, Deputy City Cler