HomeMy WebLinkAbout2010-861-9 /20/2010RESOLUTION NO. 2010-861
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH HOWARD L.
ALLEN INVESTMENTS, INC. OF CEDAR FALLS, IOWA,
TO SELL AND CONVEY FOR $1.00 PROPERTY
GENERALLY LOCATED IN THE MIDPORT INDUSTRIAL
AND BUSINESS PARK, FOR CONSTRUCTION OF A NEW
10,000 SQUARE FOOT INDUSTRIAL BUILDING, WITH
A NEW MINIMUM TAXABLE VALUE OF $1,034,470.00,
AND TAX REBATES FOR 5 YEARS AT 500, AS
OCTOBER 4, 2010, AT 5:30 P.M. IN CITY HALL
COUNCIL CHAMBERS, WATERLOO, IOWA AND
INSTRUCTING THE CITY CLERK TO PUBLISH THE
NOTICE OF HEARING.
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
shall meet at City Hall Council Chambers in the City of Waterloo,
Iowa at 5:30 p.m. on the 4th day of October, 2010, for the
purpose of considering and acting upon a proposed Development
Agreement with Howard L. Allen Investments, Inc. of Cedar Falls,
Iowa, to sell and convey for $1.00 property generally located in
the Midport Industrial and Business Park, for construction of a
new 10,000 square foot industrial building, with a new minimum
taxable value of $1,034,470.00, and tax rebates for 5 years at
500, and legally described as follows:
Lot No. 22, MidPort America Park Plat No. 3, all in the
City of Waterloo, Black Hawk County, Iowa.
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 20th day of September, 2010.
Ernest G. Clark, Mayor
ATTEST:
Suzy Sch res, CMC
City Clerk