HomeMy WebLinkAbout2012-1027-10/15/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1027
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH FISCHELS
HOLDINGS LLC TO SELL AND CONVEY FOR $1.00,
PLUS COSTS, CITY -OWNED PROPERTY GENERALLY
DESCRIBED AS 1114 JEFFERSON STREET AND 1116-
1118 JEFFERSON STREET, FOR THE CONSTRUCTION
OF A 6,300 SQUARE FOOT COMMERCIAL BUILDING,
WITH A MINIMUM TAXABLE VALUE OF $180,000.00,
AND TAX REBATES FOR 10 YEARS AT 60 PERCENT,
AS NOVEMBER 5, 2012, AT 5:30 P.M. IN CITY
HALL COUNCIL CHAMBERS, WATERLOO, IOWA AND
INSTRUCTING THE CITY CLERK TO PUBLISH THE
NOTICE OF HEARING.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
AS FOLLOWS:
Section 1. That the Council of the City of Waterloo, Iowa
shall meet at City Hall Council Chambers in the City of
Waterloo, Iowa at 5:30 p.m. on the 5th day of November, 2012, for
the purpose of considering and acting upon a proposed
Development Agreement with Fischels Holdings LLC to sell and
convey for $1.00, plus costs, city -owned property generally
described as 1114 Jefferson Street and 1116-1118 Jefferson
Street, for the construction of a 6,300 square foot commercial
building, with a minimum taxable value of $180,000.00, and tax
rebates for 10 years at 60 percent, and legally described as
follows:
Riaht of First Refusal ProDert
Lot 1, in Block 44, Original Plat on the West Side of
the Cedar River, City of Waterloo, Black Hawk County,
Iowa;
Property Beina Conveved to Fischels Holdinas LLC
Lots 2 and 3, in Block 44, Original Plat on the West
Side of the Cedar River, City of Waterloo, Black Hawk
County, Iowa.
Section 2. That the City Clerk is hereby directed to
publish notice of the time and place of said hearing in the
Waterloo Courier.
PASSED AND ADOPTED this
ATTEST:
uzy Sch re CMC
City Cle k
15th day of October, 2012.
E,4 sl G. Clark, Mayor