HomeMy WebLinkAbout2025-685-12.01.2025.docDocusign Envelope ID: 2A40818A-4C04-4B05-8CFC-A57BAE9A7CF0
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-685
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
DECEMBER 15, 2025, TO AUTHORIZE THE SALE AND
CONVEYANCE OF 217-221 W. 5TH STREET TO THE
BATTERY BUILDING, LLC, IN THE AMOUNT OF $1.00, FOR
THE APPROXIMATE $6.63 MILLION REHABILITATION OF
AN APPROXIMATELY 16,700 SQUARE FOOT THREE-
STORY BUILDING, INTO RESIDENTIAL AND
COMMERCIAL SPACE, INCLUDING APPROVAL OF A
DEVELOPMENT AND MINIMUM ASSESSMENT
AGREEMENT, AND INSTRUCT THE CITY CLERK TO
PUBLISH NOTICE.
WHEREAS, the City of Waterloo, Iowa, intends to sell and convey the property located
at 217-221 W. 5th Street to Battery Building, LLC, for the redevelopment of a 16,700 square
foot three-story building into residential and commercial space; and
WHEREAS, the rehabilitation project is estimated at approximately $6.63 million,
promoting economic development in the area; and
WHEREAS, the conveyance of this property to Battery Building, LLC, will be for the
nominal amount of $1.00, and includes the approval of a Development and Minimum
Assessment Agreement to ensure the project meets the city's objectives; and
WHEREAS, Iowa law requires a public hearing before the sale and conveyance of city -
owned property.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The public hearing be set for December 15, 2025, to discuss the proposed sale and
conveyance of the property to Battery Building, LLC.
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 1st day of December 2025.
EnDocuSigned by:
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Quentin art,Mayor
ATTEST:
LSigned by:
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Kel ey ene ,tity Clerk
SEAL
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