HomeMy WebLinkAbout2024-168-04.01.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-168
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
APRIL 15, 2024, FOR THE SALE AND CONVEYANCE OF
APPROXIMATELY 93.7 ACRES OF CITY -OWNED
PROPERTY TO PWM COMPANIES, LLC, IN THE AMOUNT
OF $1.00, INCLUDING A DEVELOPMENT AGREEMENT,
WITH A GRANT SCHEDULE FOR REIMBURSEMENT OF
INFRASTRUCTURE IMPROVEMENTS, LOCATED EAST OF
4342 ANSBOROUGH AVENUE AT THE SOUTHEAST
CORNER OF THE ANSBOROUGH AVENUE AND HIGHWAY
20 INTERCHANGE, FOR THE CONSTRUCTION OF
COMMERCIAL BUILDINGS, RESCINDING RESOLUTION
2023-658, 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 15th day of April 2024 to
approve the request for the sale and conveyance of approximately 93.7 acres of city -owned
property to PWM Companies, LLC, in the amount of $1.00, including a Development
Agreement, with a grant schedule for reimbursement of infrastructure improvements, located
east of 4342 Ansborough Avenue at the southeast corner of the Ansborough Avenue and
Highway 20 Interchange, for the construction of commercial buildings.
Section 2. That the City Clerk is hereby directed to publish notice of the time and place
of said hearing in the Waterloo Courier.
Section 3. That Resolution No. 2023-658 is rescinded in its entirety.
PASSED AND ADOPTED this lst day of April 2024.
Quetthiz 9-(4"-3E
Quentin Hart, Mayor
ATTEST:
(elley Felchle
Kelley Felchle, City Clerk
SEAL
felreerr' eref,
111 a 11111111111111 •
0