HomeMy WebLinkAbout2025-070-02.03.2025Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-070
A RESOLUTION SETTING DATE OF PUBLIC HEARING AS
FEBRUARY 17, 2025, FOR THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY, LOTS 6 AND 7 OF BLOCK 16
OF DOWNING PLACE, TO EIC ENTERPRISES, LLC, IN THE
AMOUNT OF $1.00, INCLUDING APPROVAL OF A
DEVELOPMENT AGREEMENT FOR RELOCATION OF TWO
HOMES.
WHEREAS, the City of Waterloo owns the property legally described as Lots 6 and 7 of
Block 16 of Downing Place (the "Property"); and
WHEREAS, the City proposes to sell and convey the Property to EIC Enterprises, LLC
for the sum of One Dollar ($1.00); and
WHEREAS, a Development Agreement is proposed in association with the Property
transaction to facilitate the relocation and development of two homes; and
WHEREAS, in accordance with statutory regulations, it is necessary to set a public
hearing to discuss the conveyance, the terms of the Development Agreement, and to allow public
input;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. A public hearing shall be held on the 17th day of February 2025 at 5:30 p.m. in the
Council Chambers, Waterloo City Hall, to discuss the proposed sale and conveyance and the
approval of the related Development Agreement.
2. During the public hearing, the terms of selling the Property to EIC Enterprises, LLC
for $1.00 will be discussed alongside the contingencies set forth within the Development
Agreement concerning the relocation and development efforts for the two homes.
3. The City Clerk is hereby instructed to publish the required notice of the public hearing
as required by law.
PASSED AND ADOPTED this 2nd day of February 2025.
ATTEST:
62uer-Wn 9
Quentin Hart, Mayor
(elley Felchle
Kelley Felchle, City Clerk
SEAL
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DIGITALLY
SIGNED