HomeMy WebLinkAbout2011-330-04/25/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa 50703.
RESOLUTION NO. 2011-330
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH OFI
PROPERTIES, LLC TO SELL AND CONVEY FOR $1.00,
PLUS COSTS, APPROXIMATELY 2.48 ACRES OF CITY -
OWNED PROPERTY GENERALLY LOCATED ON GT DRIVE
IN THE NORTHEAST INDUSTRIAL PARK, FOR THE
CONSTRUCTION OF A NEW 17,500 SQUARE FOOT
INDUSTRIAL BUILDING, WITH A MINIMUM TAXABLE
VALUE OF $510,000.00, AS MAY 9, 2011, 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 9th day of May, 2011, for the
purpose of considering and acting upon a proposed Development
Agreement with OFI Properties, LLC to sell and convey for $1.00,
plus costs, approximately 2.48 acres of city -owned property
generally located on GT Drive in the Northeast Industrial Park,
for the construction of a new 17,500 square foot industrial
building, with a minimum taxable value of $510,000.00, and
legally described as follows:
Lot 18, Northeast Industrial Park Plat No. 3, all in
the City of Waterloo, Black Hawk County, State of 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 25th day of April, 2011.
Ernest G. Clark, Mayor
ATTEST:
A CX
uzy S ares, CMC
City Clerk