HomeMy WebLinkAbout2025-098-02.17.2025Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-098
A RESOLUTION SETTING DATE OF PUBLIC HEARING AS
MARCH 3, 2025, FOR THE SALE AND CONVEYANCE OF
CITY -OWNED PROPERTY LOCATED AT 1651 SYCAMORE
STREET IN THE AMOUNT OF $1.00, AND TO APPROVE A
DEVELOPMENT AGREEMENT WITH CRYSTAL
DISTRIBUTION SERVICES, INC., WITH A MINIMUM
ASSESSMENT AGREEMENT OF $659,060.00 FOR THE
REHAB OF THE EXISTING BUILDING, AND
CONSTRUCTION OF A 5,000 SQUARE FOOT
MAINTENANCE SHOP, AND INSTRUCT THE CITY CLERK
TO PUBLISH NOTICE.
WHEREAS, the City of Waterloo owns property located at 1651 Sycamore Street,
proposed for sale to Crystal Distribution Services, Inc. for the sum of $1.00; and
WHEREAS, a Development Agreement between the City and Crystal Distribution
Services, Inc. includes a Minimum Assessment Agreement valued at $659,060.00, aimed at the
rehabilitation of the existing building and the construction of a new 5,000 square foot
maintenance shop; and
WHEREAS, a public hearing is necessary to ensure public involvement and transparency
regarding the sale and conveyance of the property, along with the associated Development
Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. That a public hearing be set for March 3, 2025, regarding the proposed sale and
conveyance of the city -owned property located at 1651 Sycamore Street and the approval of the
Development Agreement with Crystal Distribution Services, Inc.
2. That the City Clerk is hereby authorized and directed to publish notice of said public
hearing, ensuring compliance with all legal requirements and facilitating public participation.
PASSED AND ADOPTED this 17th day of February 2025.
Quentin Hart, Mayor
ATTEST:
Kelley Felcile
Kelley Felchle, City Clerk