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HomeMy WebLinkAbout2026-047-02.16.2026.docDocusign Envelope ID: DECD8285-8DAE-44FC-BF2E-97A08D8CCAE8 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-047 A RESOLUTION SETTING DATE OF PUBLIC HEARING AS MARCH 2, 2026, FOR THE SALE AND CONVEYANCE OF 718 W. 2ND STREET TO IOWA HEARTLAND HABITAT FOR HUMANITY IN THE AMOUNT OF $1.00, AND APPROVAL OF A DEVELOPMENT AGREEMENT, IN CONJUNCTION WITH THE SALE OF THE PROPERTY LOCATED IN THE CHURCH ROW NEIGHBORHOOD, INCLUDING A GRANT OF $7,500.00 FOR INFILL HOUSING DEVELOPMENT FOR THE CONSTRUCTION OF A NEW SINGLE-FAMILY HOME, AND INSTRUCT THE CITY CLERK TO PUBLISH NOTICE. WHEREAS the City of Waterloo, Iowa is the owner of real property commonly known as 718 W. 2nd Street, located in the Church Row Neighborhood; and WHEREAS, Iowa Heartland Habitat for Humanity has proposed to acquire the property from the City for the sum of One Dollar ($1.00) for the purpose of constructing a new single- family home as an infill housing development project; and WHEREAS, the City Council finds that the sale and conveyance of the property to Iowa Heartland Habitat for Humanity and the City's participation in the project through a Development Agreement, including a grant in the amount $7,500.00 for infill housing development, will promote neighborhood stabilization and public welfare; and WHEREAS, a public hearing is required to facilitate community input and authorize this transaction. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The public hearing be set for March 2, 2026, to review and the sale and conveyance of the property located at 718 W. 2nd Street to Iowa Heartland Habitat for Humanity for $1.00 and consider the proposed Development Agreement, including a $7,500.00 grant for infill housing development for construction of a new single-family home. by law. 2. The City Clerk is hereby directed to publish notice of said public hearing as required PASSED AND ADOPTED this 16th day of February 2026. -Signed by: ATTEST: Signed by: Keltey telchle, City Clerk SEAL 0 - 393E8397B3 D3421... David Boesen, Mayor