HomeMy WebLinkAbout2024-523-09.03.2024 (RECORDED) 2025-03094
RECORDED:03/07/2025 01:51:37 PM
RECORDING FEE:$7.00
REVENUE TAX:$
COMBINED FEE:$7.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-523
RESOLUTION APPROVING THE DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH RYAN
COMPANIES US, LLC, FOR THE CONSTRUCTION OF A
225,113 SQUARE FOOT WAREHOUSE LOCATED AT 3280
NEWELL STREET, WITH A MINIMUM ASSESSED VALUE
OF $14,625,000.00, AND REBATES AT FIFTY PERCENT FOR
TEN YEARS, LAND DEVELOPMENT GRANT OF
$1,515,000.00 FOR EARTHWORK, AND A GRANT OF
$3,255,000.00 FOR THE PURCHASE OF LAND, AND
AUTHORIZING MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated September 3,
2024, between Ryan Companies US,LLC, and the City of Waterloo, Iowa, for the construction
of a 225,113 square foot warehouse located at 3280 Newell Street, with a minimum assessed
value of$14,625,000.00, is hereby approved.
2. That a grant of$3,255,000.00 for the purchase of land, is hereby approved.
3. That a$1,515,000.00 land development grant for earthwork and tax rebates of fifty
percent for ten years is hereby approved
4. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 3rd day of September 2024.
.ka Fe,,,A,55 SIGNED
SIGNED
ATTEST: Ray Feuss, Mayor Pro Tem
Kelley cFelchle DIGIT«""
SIGNED
Kelley Felchle, City Clerk
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2024-523 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3`d day of September 2024.
Witness my hand and seal of office on this 3`d day of September 2024.
Kelley Felchle
SIGNED
-
SEAL Kelley Felchle, City Clerk
c WA?
leirkl,
4►fa
• 1$11151111RIIPII MI.. •
.s y y 0
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-523
RESOLUTION APPROVING THE DEVELOPMENT AND
MINIMUM ASSESSMENT AGREEMENT WITH RYAN
COMPANIES US, LLC, FOR THE CONSTRUCTION OF A
225,113 SQUARE FOOT WAREHOUSE LOCATED AT 3280
NEWELL STREET, WITH A MINIMUM ASSESSED VALUE
OF $14,625,000.00, AND REBATES AT FIFTY PERCENT FOR
TEN YEARS, LAND DEVELOPMENT GRANT OF
$1,515,000.00 FOR EARTHWORK, AND A GRANT OF
$3,255,000.00 FOR THE PURCHASE OF LAND, AND
AUTHORIZING MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development and Minimum Assessment Agreement dated September 3,
2024, between Ryan Companies US, LLC, and the City of Waterloo, Iowa, for the construction
of a 225,113 square foot warehouse located at 3280 Newell Street, with a minimum assessed
value of $14,625,000.00, is hereby approved.
2. That a grant of $3,255,000.00 for the purchase of land, is hereby approved.
3. That a $1,515,000.00 land development grant for earthwork and tax rebates of fifty
percent for ten years is hereby approved
4. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 3rd day of September 2024.
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
CERTIFICATE
DIGITALLY
^a•i Fe- 55 SIGNED
SIGNE
Ray Feuss, Mayor Pro Tem
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2024-523 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of September 2024.
Witness my hand and seal of office on this 3rd day of September 2024.
SEAL
PM. HI uu1!
T
fe fed ere Ara
Kelley Felchle
Kelley Felchle, City Clerk
DIGITALLY
SIGNED
XVi