HomeMy WebLinkAbout2024-052-02.05.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-052
RESOLUTION SETTING A DATE OF PUBLIC HEARING AS
FEBRUARY 19, 2024, FOR THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY TO NADROJ REALTY, LLC,
IN THE AMOUNT OF $1.00, WITH A DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT IN THE AMOUNT
OF $1,800,000.00, FOR THE CONSTRUCTION OF AN
INDUSTRIAL BUILDING OF APPROXIMATELY 46,080
SQUARE FOOT, LOCATED SOUTH OF 115 WARP 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 19th day of February 2024 to
approve the request for the sale and conveyance of city -owned property to NADROJ Realty,
LLC, in the amount of $1.00, with a Development and Minimum Assessment Agreement in the
amount of $1,800,000.00, for the construction of an industrial building of approximately 46,080
square foot, located south of 115 Warp 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 5th day of February 2024.
Ray Feuss, Mayor Pro Tem
ATTEST:
elle 'Felcfile SIGNED
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Kelley Felchle, City Clerk �r
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