HomeMy WebLinkAbout2013-488-6 /10/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-488
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH KWWL
TELEVISION, INC. FOR THE RENOVATION OF THE
EXISTING BUILDING LOCATED AT 500 EAST 4TH
STREET AND ADDITIONAL NEW CONSTRUCTION ON THE
SITE, WITH A MINIMUM INVESTMENT OF
$2,500,000.00 AND OFFERING TAX REBATES FOR 10
YEARS AT 70 PERCENT, AS JUNE 24, 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 24th day of June, 2013, for
the purpose of considering and acting upon a proposed
Development Agreement with KWWL Television, Inc. for the
renovation of the existing building located at 500 East 4th
Street and additional new construction on the site, with a
minimum investment of $2,500,000.00 and offering tax rebates for
10 years at 70 percent, and legally described as follows:
Legal Description of Property
The Northwesterly 10 feet in width of Lots 8 and 9, and
all of Lots 7 and 10, in Block 60 in the Cooley
Addition to the City of Waterloo, Black Hawk County,
Iowa. (Assessor parcel 8913-24-379-007)
Legal Description of Company Lots
Lot 1: Lots 2, 3, 6, the Northwesterly 60 feet of Lot
1, and the Northeasterly 50 feet of the Northwesterly
60 feet of Lot 4, all in Block 60 in the Cooley
Addition to the City of Waterloo, Black Hawk County,
Iowa. (Assessor parcels 8913-24-379-001 and -002)
Lot 2: Lots 8 and 9, except the Northwesterly 65 feet
thereof and except that part of Lot 9, described as
follows: Beginning at a point on the Southeasterly
line of said Lot 9, which point is 10 feet Northeast of
the Southerly corner of said Lot 9; thence Southwest to
the Southerly corner of said Lot 9; thence Northwest
along the Southwest line of said Lot 9, 10 feet; thence
East to the point of beginning;
And also except the Southwesterly 5.5 feet of the
Southeasterly 20 feet of said Lot 9;
All in Block 60 in the Cooley Addition to the City of
Waterloo, Black Hawk County, Iowa. (Assessor parcel
8913-24-379-011)
Lot 3: The Southeasterly 95 feet of Lots 8 and 9,
except that part of said Lot 8 lying East of the West
line of East Fourth Street deeded to the City of
Waterloo, Iowa in X TLD 485;
Resolution 2013-488
Page 2
And a part of Lot 1 commencing at a point on the
Northeasterly line of said Lot 8 that is 55 feet
Southeasterly from the most Northerly corner of said
Lot 8; thence Northeasterly along a line drawn at right
angles to the Northeasterly line of said Lot 8, 60
feet; thence Southeasterly along a line that is
parallel with the Northeasterly line of said Lot 8 to
the West line of East Fourth Street; thence South along
the West line of East Fourth Street to the
Northeasterly line of said Lot 8; thence Northwesterly
along the Northeasterly line of said Lot 8 to the point
of beginning;
All in Block 61 in the Cooley Addition to the City of
Waterloo, Black Hawk County, Iowa. (Assessor parcel
8913-24-355-003)
Legal Description of Legion Propert
Cooley Addition Southwest 40 feet Northwest 25 Lot 5
Block 60 Southeast 55 feet Northwest 65 feet Lot 8
Block 60 Southeast 55 feet Northwest 65 feet Lot 9
Block 60 and Ease B 615 P 279;
Cooley Addition Southwest 20 feet Southeast 90 feet Lot
4 Block 60 Southwest 10 feet Northwest 50 feet Lot 4
Block 60 and Lot 5 Block 60 except Northwest 25 feet
Southwest 40 feet.
Section 2. That the City Clerk is hereby directed to
publish notice of the time and place of said hearing in the
Waterloo Courier.
PASSED AND ADOPTED this 10th day of June, 2013.
Ernest G. Clark, Mayor
ATTEST:
Suzy
Schaes, CMC
City
Cleric