HomeMy WebLinkAbout2025-429-08.04.2025.docDocusign Envelope ID: DA7FF1CO-8FB1-4546-89CD-7CA2C5C79972
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-429
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
AUGUST 18, 2025, FOR THE SALE AND CONVEYANCE OF
APPROXIMATELY 0.20 ACRES OF CITY -OWNED
PROPERTY, LOCATED NORTHEAST OF 326 WEST 14TH
STREET, IN THE AMOUNT OF $1.00, TO 5 BEES, LLC,
INCLUDING A DEVELOPMENT AND MINIMUM
ASSESSMENT AGREEMENT, FOR THE CONSTRUCTION OF
A 2,560 SQUARE FOOT COMMERCIAL BUILDING, WITH
AN APPROXIMATE VALUE OF $178,000.00 AND OPTIONS
FOR ADDITIONAL LAND, AND INSTRUCT THE CITY
CLERK TO PUBLISH NOTICE.
WHEREAS, the City of Waterloo intends to sell and convey approximately 0.00 acres of
city -owned property located northeast of 326 West 14th Street, to 5 Bees, LLC; and
WHEREAS, the sale amount is set at $1.00 and includes a Development and Minimum
Assessment Agreement for the construction of a 2,560 square foot commercial building with an
approximate value of $178,000.00; and
WHEREAS, options for additional land are included in the agreement, and it is essential
to conduct a public hearing for transparency and public participation in the city's decision -
making process.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. A public hearing on the proposed sale and conveyance is hereby set for August 18,
2025, at 5:30 p.m. to be held at 715 Mulberry Street, Harold E. Getty Council Chambers, City of
Waterloo, Iowa, to consider the request by the City of Waterloo to sell and convey city -owned
property located northeast of 326 West 14th Street, to 5 Bees, LLC.
2. 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 4th day of August 2025.
DocuSigned by:
L ive. tkof
ugiRDIMM9gyur
ATTEST:
Signed by:
KtLLt j f e¢d &
Kel�ey eld le,Atity Clerk
SEAL