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HomeMy WebLinkAbout2025-664-11.17.2025.docDocusign Envelope ID: DA39AF30-5238-4302-A798-AC1707986064 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-664 RESOLUTION SETTING DATE OF PUBLIC HEARING AS DECEMBER 1, 2025, FOR AN AMENDMENT TO THE DEVELOPMENT AGREEMENT WITH INTERNATIONAL PAPER COMPANY, FOR THE SALE AND CONVEYANCE OF APPROXIMATELY 6.29 ACRES OF CITY -OWNED PROPERTY, AND INSTRUCTING THE CITY CLERK TO PUBLISH NOTICE. WHEREAS , the City of Waterloo and International Paper Company propose to amend an existing Development Agreement, originally executed January 6, 2025, to provide for the sale and conveyance of approximately 6.29 acres of City -owned real property, more particularly described as Parcel K; and WHEREAS, prior to approval of the amendment and the sale and conveyance of City property, the City Council must hold a public hearing and provide notice in accordance with applicable law and the Waterloo City Code; and WHEREAS, the City Council desires to set the date, time, and place for said public hearing and to direct publication of notice. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. A public hearing on the proposed Amendment to the Development Agreement to provide for the sale and conveyance of approximately 6.29 acres of City -owned real property, is hereby set for December 1, 2025. 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 17th day of November 2025. by: EDD0:21:Dig7n8eAAd iw (kar( C8440... Quentin Hart Mayor ATTEST: ,-Signed by: Kelley f:rale4leity Clerk SEAL 0 • WA rt 0 0 • 4