HomeMy WebLinkAbout2025-470-08.18.2025.docDocusign Envelope ID: BE3E7469-3253-4ADA-8ABC-5735DEF4862B
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-470
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY LOCATED
NORTHEAST OF 326 WEST 14TH STREET, IN THE
AMOUNT OF $1.00 TO 5 BEES, LLC, AND AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENTS.
WHEREAS, the City of Waterloo, Iowa, is committed to encouraging the development
and utilization of existing vacant properties within the city limits to enhance community growth
and economic development; and
WHEREAS, 5 Bees, LLC, a prospective developer, has offered to purchase the said
property for the nominal amount of $1.00, with the intent to utilize the property in a manner
consistent with city development goals; and
WHEREAS, it is in the best interests of the City of Waterloo to complete the conveyance
of this property to facilitate investment and development initiatives.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The sale and conveyance of the city -owned property located northeast of 326 West
14th Street to 5 Bees, LLC, for the sum of $1.00 is hereby authorized.
2. The Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 18th day of August 2025.
ATTEST:
"—Signed by:
Kelleyfttellt
effeyreic`niie; City Clerk
SEAL
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p—DocuSigned by:
u enSn mHta n art, mayor