HomeMy WebLinkAbout2025-508-09.15.2025.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. 2025-508
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
OCTOBER 6, 2025, TO AUTHORIZE THE SALE AND
CONVEYANCE OF A PORTION OF THE PROPERTY TO THE
SOUTHWEST OF 3211 TITAN TRAIL, TO XCEL ELECTRIC
LLC, IN THE AMOUNT OF $1.00, FOR THE CONSTRUCTION
OF A 4,000 SQUARE FOOT BUILDING, INCLUDING A
DEVELOPMENT AGREEMENT, AND INSTRUCT THE CITY
CLERK TO PUBLISH NOTICE.
WHEREAS, the City of Waterloo owns property located to the southwest of 3211 Titan
Trail; and
WHEREAS, the City of Waterloo proposes to sell and convey a portion of said property
to Xcel Electric LLC for the amount of $1.00, with a Development Agreement stipulating the
construction of a 4,000 square foot building on the property; and
WHEREAS, Iowa law requires a public hearing prior to the conveyance of city -owned
property to ensure transparency and public participation; and
WHEREAS, it is necessary to set a date for the public hearing to discuss this proposed
sale and conveyance.
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 a portion of the city -owned property to the southwest of 3211 Titan Trail to Xcel
Electric LLC.
2. The terms and conditions include the sale amount of $1.00 and a Development
Agreement, requiring the construction of a 4,000 square foot building by Xcel Electric LLC.
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:
FutsS
ATTEST:
Signed by:
Ktitt,,d,„,
Kelley te` clZne, Lity Clerk
SEAL
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Ray Feuss, Mayor Pro Tem