HomeMy WebLinkAbout2025-324-06.02.2025.doc (RECORDED) Docusign Envelope ID:F820E014-BAB8-4D39-8EF1-5AFD754AD52C
2025-12135
RECORDED:08/19 2025 D4:22:46 PM
RECORDING FEE:$12.00
REVENUE TAX:$
COMBINED FEE:$12.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
IfPrepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-324
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY-OWNED PROPERTY LOCATED
SOUTH OF 115 WARP DRIVE IN THE AMOUNT OF $1.00, TO
3 STOOGES, LLC, WITH A DEVELOPMENT AGREEMENT
INCLUDING TEN-YEARS OF FIFTY PERCENT TAX
REBATES, AND A MINIMUM ASSESSMENT AGREEMENT
OF $3,200,000.00.
WHEREAS the City of Waterloo owns certain real property located south of 115 Warp
Drive, which has been deemed excess and suitable for development purposes; and
WHEREAS, 3 Stooges, LLC has expressed interest in acquiring this property for a
nominal amount, facilitating development initiatives that align with the City's economic and land
use goals; and
WHEREAS, the City of Waterloo has determined that the conveyance of this property to
3 Stooges, LLC for the amount of $1.00 will serve the public interest by enabling future
development opportunities and possible improvements to the area's economic vitality;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. The City of Waterloo is hereby authorized to sell and convey the city-owned property
located south of 115 Warp Drive to 3 Stooges, LLC for the amount of$1.00.
2. The Mayor and City Clerk are hereby authorized and directed to execute said
documents on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of June 2025.
,-DocuSigned by:
NYIL
Quentin Hart Mayor
ATTEST:
Signed by:
4 1,. 11
-7561 3 0 89494.
LeAnn Even, Deputy City Clerk
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THE COURIER
AFFIDAVIT OF PUBLICATION
NOTICE OF PUBLIC HEARING
Waterloo Cedar Falls Courier TO WHOM IT MAY CONCERN:
6915 Chancellor Drive Notice is hereby given that on the 2nd
Cedar Falls 50613 day of June 2025.at 5:30 p.m.. in the
(319)291-1400 Harold E.Getty Councf Chambers in
the City Hall in the City of Waterloo.
Iowa, a public hearing will be held
State of Florida,County of Broward,ss: by the Council of the City of Water-
loo, Iowa. to authorize the sale and
Rachel Cozart, being first duly sworn,deposes and says:That(s)he conveyance of city-owned property
located south of 115 Warp Drive in
is a duly authorized signatory of Column Software, PBC, duly the amount of $1.00, to 3 Stooges.
authorized agent of Waterloo-Cedar Falls Courier,a publication that LLC, with a Development Agreement
is a°'legal newspaper"as that phrase is defined for the city of Cedar including ten years of fifty percent tax
rebates. and a Minimum Assessment
Falls,for the County of Black Hawk,in the state of Iowa, that this Agreement of $3.200,000.00, legally
affidavit is Page 1 of 1 with the full text of the sworn-to notice set described as follows:
forth on the pages that follow, and that the attachment hereto Lots 1 and 2. Waterloo Air and Rail
contains the correct copy of what was published in said legal Park 1st Addition, City of Waterloo.
newspaper in consecutive issues on the following dates: Iowa.
Anyone who is interested may appear
PUBLICATION DATES: at said time and place and be heard
or may file written objection with the
May.24,2025 City Clerk, City Hall, Waterloo. Iowa.
before the date set for said hearing.
NOTICE ID:xnN1jMgcvLZ1m4fDBDBS
PUBLISHER ID:COL-IA-602295 By order of the Council of the City of
NOTICE NAME:SC w/DA(3 Stooges)south of 115 Warp(PH 6.2 Waterloo this 19th day of May 2025.
Publication Fee:$23.83 Kelley Felchle.City Clerk
Racket Cozart City of waterloo, Iowa
COL-IA-602295
(Signed)
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VERIFICATION
State of Florida
County of Broward
Subscribed in my presence and sworn to before me on this: 06/02/2025
2mA
Notary Public
Notarized remotely online using communication technology via Proof.
SC w/DA (3 Stooges) south of 115PH6.2 - Page1 of1
9 ) Warp (
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. 2025-324
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY LOCATED
SOUTH OF 115 WARP DRIVE IN THE AMOUNT OF $1.00, TO
3 STOOGES, LLC, WITH A DEVELOPMENT AGREEMENT
INCLUDING TEN -YEARS OF FIFTY PERCENT TAX
REBATES, AND A MINIMUM ASSESSMENT AGREEMENT
OF $3,200,000.00.
WHEREAS the City of Waterloo owns certain real property located south of 115 Warp
Drive, which has been deemed excess and suitable for development purposes; and
WHEREAS, 3 Stooges, LLC has expressed interest in acquiring this property for a
nominal amount, facilitating development initiatives that align with the City's economic and land
use goals; and
WHEREAS, the City of Waterloo has determined that the conveyance of this property to
3 Stooges, LLC for the amount of $1.00 will serve the public interest by enabling future
development opportunities and possible improvements to the area's economic vitality;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. The City of Waterloo is hereby authorized to sell and convey the city -owned property
located south of 115 Warp Drive to 3 Stooges, LLC for the amount of $1.00.
2. The Mayor and City Clerk are hereby authorized and directed to execute said
documents on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of June 2025.
ATTEST:
Signed by:
40,40z z
LeAnn 1v
'-7561 3 W. 0 894.
e49n, Deputy City Clerk
SEAL
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DocuSigned by:
Quentin tsar 1Vlayor