HomeMy WebLinkAbout2023-638-10.16.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-638
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
NOVEMBER 6, 2023, FOR THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY TO M&MB LEGACY, LLC, IN
THE AMOUNT OF $1.00, WITH A PHASED DEVELOPMENT
AND MINIMUM ASSESSMENT AGREEMENT IN THE
AMOUNT OF $265,000.00, FOR THE CONSTRUCTION OF A
5,000 SQUARE FOOT INDUSTRIAL AND A 4,000 SQUARE
FOOT FUTURE EXPANSION, LOCATED SOUTH OF 2330 GT
DRIVE, 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 6th day of November 2023,
to hold a public hearing to approve the sale and conveyance of city -owned property to M&MB
Legacy, LLC, in the amount of $1.00, with a Phased Development and Minimum Assessment
Agreement in the amount of $265,000.00, for the construction of a 5,000 square foot industrial
and a 4,000 square foot future expansion, located south of 2330 GT Drive.
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 16th day of October 2023.
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Ray Feuss, Mayor Pro Tem
ATTEST:
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LeAnn M. Even, Deputy City Cler