HomeMy WebLinkAbout2013-128-2 /18/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-128
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH M & R
IOWA, LLC (FED EX) TO SELL AND CONVEY FOR
$1.00, PLUS COSTS, .866 ACRES OF CITY -OWNED
LAND LOCATED WEST OF THE EXISTING BUILDING AT
2320 WEST AIRLINE HIGHWAY, FOR AN EXPANSION
OF THE COMMERCIAL BUILDING CONSISTING OF
APPROXIMATELY 10,707 SQUARE FEET, ADDING
$755,000.00 OF TAXABLE VALUE TO THE SITE AND
OFFERING TAX REBATES FOR 5 YEARS AT 50
PERCENT, AS MARCH 4, 2013, 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 4th day of March, 2013, for
the purpose of considering and acting upon a proposed
Development Agreement with M & R Iowa, LLC (Fed Ex) to sell and
convey for $1.00, plus costs, .866 acres of city -owned land
located west of the existing building at 2320 West Airline
Highway, for an expansion of the commercial building consisting
of approximately 10,707 square feet, adding $755,000.00 of
taxable value to the site and offering tax rebates for 5 years
at 50 percent, and legally described as follows:
Lot No. Twelve (12), Midport America Park Plat No. 2,
City of Waterloo, Black Hawk County, Iowa, except that
part of Lot 12 described as follows:
Commencing at the Southwest corner of aforesaid Lot No.
Twelve (12); thence S89°29'09"E One Hundred Sixty-one
and Forty-five Hundredths (161.45) feet along the South
line of said Lot to the point of beginning; thence
N00030'51"E Five Hundred Five (505.00) feet to a point
on the East line of a Thirty (30) foot easement; thence
S89029'09"E Four Hundred Twenty (420.00) feet; thence
S00030'51"W Five Hundred Five (505.00) feet to a point
on aforesaid South line; thence N89029109"W Four
Hundred Twenty (420.00) feet along said South line to
the point of beginning, containing 4.869 Acres;
Also, except that part of Lot 12 platted as part of
MidPort America Park Plat No. 3;
Also, except the South Sixty (60) feet thereof.
Section 2. That the City Clerk is hereby directed to
publish notice of the time and place of said hearing in the
Waterloo Courier.
Resolution 2013-128
Page 2
PASSED AND ADOPTED this 18th day of February, 2013.
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Ernest G. Clark, Mayor
ATTEST:
uzy Schaes, CMC
City Cler