HomeMy WebLinkAbout2025-507-09.15.2025.docDocusign Envelope ID: C1CFA8F3-1663-4E34-9B16-632924233F47
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-507
RESOLUTION SETTING THE DATE OF PUBLIC HEARING
AS OCTOBER 6, 2025, FOR THE SALE AND CONVEYANCE
OF APPROXIMATELY 24.3 ACRES OF CITY -OWNED
PROPERTY, LOCATED AT THE SOUTHWEST CORNER OF
KIMBALL AVENUE AND WEST ORANGE ROAD, IN THE
AMOUNT OF $1.00, TO MIDWEST DEVELOPMENT
COMPANY, WITH A DEVELOPMENT AGREEMENT FOR
THE CONSTRUCTION OF SEVENTY SINGLE-FAMILY
HOMES, AND INSTRUCT THE CITY CLERK TO PUBLISH
PUBLIC NOTICE.
WHEREAS, the City of Waterloo owns approximately 24.3 acres of property located at
the southwest corner of Kimball Avenue and West Orange Road; and
WHEREAS, the City of Waterloo proposes to sell and convey said property to Midwest
Development Company for the amount of $1.00, along with a Development Agreement
stipulating the construction of seventy single-family homes on the property; and
WHEREAS, Iowa Code requires a public hearing prior to the conveyance of city -owned
property; and
WHEREAS, it is necessary to set a date for said public hearing.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The public hearing be set for October 6, 2025, to consider the proposed sale and
conveyance of the aforementioned city -owned property to Midwest Development Company.
2. The terms and conditions under consideration include the sale amount of $1.00 and a
Development Agreement for the construction of seventy single-family homes.
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 15th day of September 2025.
"—Signed by:
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ATTEST:
Signed by:
Kelley. f eld&
I e tey rc1Fchf"e `pity Clerk
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Ray'
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euss, Mayor Pro Tem