HomeMy WebLinkAbout2025-317-(RECORDED) 06.02.2025.doc 2025-15589
RECORDED:10/23/2025 08:57:31 AM
RECORDING FEE:$17.00
REVENUE TAX:$
COMBINED FEE:$17.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2024-317
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY-OWNED PROPERTY LOCATED AT
708 W. 3RD STREET, IN THE AMOUNT OF $2,000.00, TO
TRAMAUN ALLEN, INCLUDING APPROVAL OF A
DEVELOPMENT AGREEMENT AND REAL ESTATE
CONTRACT FOR THE REHABILITATION OF A GARAGE
AND CONSTRUCTION OF A FENCE.
WHEREAS, the City of Waterloo, Iowa is the owner of property located at 708 W. 3rd
Street, in the City of Waterloo, Iowa, and legally described as follows:
THE NORTHWESTERLY 45 FEET OF LOT NO. 6 IN BLOCK NO. 7 IN
LEAVITT'S ADDITION TO THE CITY OF WATERLOO, IOWA.
WHEREAS, an offer to purchase said city-owned property, in the amount of$2,000.00
has been made by Tramaun Allen, for the rehabilitation of a garage and construction of a fence
and
WHEREAS, a public hearing was held on May 20, 2024, at 5:30 p.m. in the Harold E.
Getty Council Chambers, City Hall, Waterloo, Iowa, as provided by law, by the Council of the
City of Waterloo, Iowa, on the proposal to sell and convey premises owned by the City of
Waterloo, Iowa, to Tramaun Allen, and
WHEREAS, it is the opinion of this Council that the sale and conveyance should be made
as proposed.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA, AS FOLLOWS:
1. The city-owned property located at 708 W. 3rd Street, in the City of Waterloo, Iowa,
as fully described in the published notice in the Waterloo Courier on May 11, 2024, is not
presently needed, and will not be needed in the foreseeable future for municipal purposes, and its
ownership is serving no municipal purpose.
2. That the offer of Tramaun Allen to purchase the city-owned property, located 708 W.
3rd Street, in the amount of$2,000.00, for the rehabilitation of a garage and construction of a
fence, is hereby accepted for said property.
3. That the City of Waterloo, Iowa is conveying said property by quit claim deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said quit claim deed, fully executed and acknowledged, is hereby
approved and confirmed by this Council.
6. That the Community Planning and Development Director is authorized and directed to
convey said property to Tramaun Allen, upon execution of said deed and receipt of payment of
$2,000.00.
PASSED AND ADOPTED this 20th day of May 2024.
Resolution 2024-317
Page 2
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S1GNEll
Ray Feuss,Mayor Pro Tem
ATTEST:
7(elley Felchle °`u"V
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. 2024-317 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 20th day of May 2024.
Witness my hand and seal of office this 20th day of May 2024.
7(elley Eelchle °'°'�'r"
Kelley Felchle, City Clerk
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*** Proof of Publication
State of Indiana NOTICE OF PUBLIC HEARING
TO WHOM IT MAY CONCERN:
Lake County Notice is hereby given that on the 20th
day of May 2024, at 5 0 p.m.. in the
Harold E.Getty Council Clambers in the
City Halt in tee City of Waterloo.Iowa.a
public hearing wit be held by the Council
of the City at Waterloo,Iowa,for the sale
and conveyance of city-owned property
located at 708 W. 3rd Street, in the
amount of 52.000,00,to Tramaar•Allen.
including approval of a Development
Agreement for the rehahaitation of a
garage and construction at a tense.
Waterloo, City of-Legals THE NO described ESTERLY follows:
SS FEET OF
Accounts Pa able LOT NO. 6 IN BLOCK NO 7 IN
Y LEAVITT'S ADDITION TO THE CITY OF
WATERLOO,IOWA.
715 MULBERRY ST. Anyone who is interested may appear at
said lime and place and be heard or may
Me written obteeuon with the Oily Clerk.
WATERLOO IA 50703 City Hall.Waterloo,Iowa.before the date
sat for said nearing.
By the ucil oh
Waterorderloo thatis 8th dayCo ofnMa yf 2024.teCity of
Kelley Felchte,City Clerk
ORDER NUMBER 236131 CMolWateAoa,towa
The undersigned, being duly sworn, on oath, do depose and say that I
am an authorized employee of the Waterloo Cedar Falls Courier, that
The Waterloo Cedar Falls Courier is a weekly newspaper regularly
published and printed in the English language in the City of Waterloo,
Black Hawk County, Iowa, and has a general circulation in the said city
and county; and that I personally know that the notice, a true copy of
which is hereto affixed,was published in the Waterloo Cedar Falls
Courier on the following days, to-wit:
Section: Legals
Category: 950 Legal Notice
PUBLISHED ON:05/11/2024
TOTAL AD COST: 38.54
FILED ON: 5/11/2024
That the issues of said paper containing said notice were duly
circulated in the regular manner.
- 1 14:(
,Lit
SALLIE GUCWA
..... Notary Public, State of Indiana
FCounty
*°:'SEAL. Lake
Commission Number NP0757174
Mary Public %itipfPctk ' My Commission Expires
n„t,,,ttt June 23,2032
Docusign Envelope ID: F820E014-BAB8-4D39-8EF1-5AFD754AD52C
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-317
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
JUNE 16, 2025, FOR THE SALE AND CONVEYANCE OF
NINE ACRES OF CITY -OWNED PROPERTY LOCATED EAST
OF 180 WARP DRIVE IN THE AMOUNT OF $1.00, AND AN
ADDITIONAL 4.1 ACRES IN THE AMOUNT OF $123,000.00,
TO CEDAR RIVER CONTRACTING INC., D/B/A K & W
ELECTRIC, INC., WITH A DEVELOPMENT AGREEMENT
INCLUDING FIVE YEARS OF FIFTY PERCENT TAX
REBATES, AND A MINIMUM ASSESSMENT AGREEMENT
OF $3,000,000.00, AND INSTRUCT THE CITY CLERK TO
PUBLISH NOTICE.
WHEREAS, the City of Waterloo, Iowa, proposes to sell and convey approximately nine
acres of city -owned property located east of 180 Warp Drive in the amount of $1.00, and an
additional 4.1 acres for the amount of $123,000.00 to Cedar River Contracting Inc., d/b/a K & W
Electric, Inc.; and
WHEREAS, the proposed sale includes a Development Agreement that provides for fifty
percent tax rebates over a period of five years, along with a Minimum Assessment Agreement
stipulating a valuation of no less than $3,000,000.00; and
WHEREAS, a public hearing is required to allow community input on the proposed sale,
conveyance, and the terms of the accompanying agreements to ensure transparency and
community benefit;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. A public hearing to discuss the proposed sale, conveyance, Development Agreement,
and Minimum Assessment Agreement, is hereby scheduled for June 16, 2025, at 5:30 p.m. in the
City Council Chambers.
2. The public hearing will provide an opportunity for public comments and evaluation of
the proposed transaction and agreements, assessing their alignment with community development
goals and economic incentives.
3. The City Clerk is hereby directed to publish notice of said public hearing in accordance
with applicable laws and city policies, ensuring adequate notice to the public.
PASSED AND ADOPTED this 2nd day of June 2025.
,-DocuSigned by:
U V JLJV I Uf1Al..UYYO...
Quentin Hart Mayor
ATTEST:
,-Signed by:
LeAnn M. Even, Deputy City Clerk
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