HomeMy WebLinkAbout2026-118-03.16.2026.docDocusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-118
RESOLUTION SETTING DATE OF PUBLIC HEARING AS
APRIL 6, 2026, FOR THE SALE AND CONVEYANCE OF
CITY -OWNED PROPERTY LOCATED WEST OF 1425
HAWTHORNE AVENUE, IN THE AMOUNT OF $5,000.00, TO
E & C INVESTMENTS, LLC, INCLUDING APPROVAL OF A
DEVELOPMENT AGREEMENT FOR THE CONSTRUCTION
OF A SINGLE-FAMILY HOME WITH A $5,000.00 REFUND
OF THE PURCHASE PRICE AND A GRANT OF $5,000.00
FOR INFILL HOUSING INCENTIVE, AND INSTRUCT THE
CITY CLERK TO PUBLISH NOTICE.
WHEREAS the City of Waterloo owns certain real property located west of 1425
Hawthorne Avenue, Waterloo, Iowa; and
WHEREAS, E & C Investments, LLC has requested to purchase the Property from the
City for $5,000.00; and
WHEREAS, the City Council desires to consider approval of a Development Agreement
with E & C Investments, LLC for the construction of a single-family home on the Property, in
the amount of $5,000.00 with a grant in the amount of $5,000.00 as an infill housing incentive,
subject to the terms and conditions set forth in the Development Agreement; and
WHEREAS, Iowa law requires a public hearing and publication of notice prior to the sale
and conveyance of City -owned real property.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. A public hearing be set for April 6, 2026, to receive public comments to consider the
sale and conveyance of city -owned property located west of 1425 Hawthorne Avenue, in the
amount of $5,000.00, to E & C Investments, LLC, including approval of a Development
Agreement for the construction of a single-family home with a $5,000.00 refund of the purchase
price and a grant of $5,000.00 for infill housing incentive.
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 March 2026.
Signed by:
Navin, beIG GIA,
DaviCCllesen
39.yF oesen, Mayor
ATTEST:
Signed by:
Why f dale
eliey lcnie, Lity Clerk
SEAL
0
A.
0