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HomeMy WebLinkAbout04/13/1987April 13, 1987 The Council of the City of Waterloo, Iowa, met in Regular Session at City Hall Council Chambers, Waterloo, Iowa, at 7:00 p.m. on April 13, 1987. Mayor Bernard L. McKinley in the Chair. Roll call: Budak, Seeber, Wright, Angel, Dowie and Miller. Absent: Lichty. Invocation by: Reverend Paul Koch, Executive Director, Black Hawk Lutheran Ministry. Pledge of Allegiance: Emily Burger, Cassie Heaton, Dawn Watt, Lesley Happel, and Andrea Wood. 90255 - Moved by Dowie, seconded by Miller that the Agenda, as amended, for the Regular Session of April 13, 1987, at 7:00 p.m., be accepted and approved. Motion carried. 90256 - Moved by Dowie, seconded by Miller that the Minutes of the Regular Session held April 6, 1987 at 7:00 p.m. be approved. Motion carried. ORAL PRESENTATIONS 90257 - Mayor McKinley stated that he would like to sign a proclamation declaring the week of April 13 - 17, 1987 as Community Development Week. The Mayor stated there would be an open house in the Community Development office on Thursday, April 16, 1987 from 2:00 p.m. to 4:00 p.m. Tan Watt, Chairman of the Waterloo Chamber of Commerce, stated that he would like to take this opportunity on behalf of the Chamber of Commerce to commend the Waterloo City Council for their efforts and patience relative to the proceedings of the proposed Waterloo Meat Pack. Mr. Watt continued that in the opinion of the Chamber of Commerce, the Council has made the right decisions regarding the project. Councilperson Miller stated that he would like to thank the Chamber of Commerce for their support and their remarks. Moved by Dowie, seconded by Wright to receive and file the above comments. Motion carried. PETITIONS FROM PUBLIC 90258 - Moved by Seeber, seconded by Miller that communication from City Planner transmitting request from Logan Plaza to temporarily place four signs on City right of way, with two of said signs to be located along Iowa Highway 57 at Donald Street and two signs at Iowa Highway 57 (Franklin Street) at U.S. 63 in conjunction with the widening of U.S. Highway 63, together with the recommendation of approval be received, placed on file and "Resolution approving said temporary signing request", be adopted. Ayes: Six. Absent: Lichty. Resolution adopted and upon approval by Mayor assigned No. 1987-156. 90259 - Moved by Seeber, seconded by Miller that communication from Planning and Development Director transmitting the request of Peoples Bank and Trust Company to purchase excess property in an area generally bounded by East 5th and East 6th Streets, Commercial Street and the Cedar River at a cost of $0.10 per square foot for a total of 9,331.41 square feet, be received, placed on file and "Resolution setting date of hearing as April 20, 1987, at 7:00 p.m. in the City Hall Council Chambers on above described request", be adopted and Clerk/Auditor instructed to publish notice of sane. Ayes: Six. Absent: Lichty. 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Mr. Seals continued that he is trying to eliminate the problem and would need this time in order to do so. Dave Van Dee, Senior Civil Planner, reported that Mr. Seals had begun moving the trucks and to clean up the area in question. Councilperson Miller asked if there could be a progress report given to the Council in two (2) weeks from Mr. Van Dee of the Planning and Zoning office. Shirley Schmitz, a resident of the area, questioned whether the removal of the equipment would be permanent or not. Mr. Seals stated that he is presently looking for a different area in order to store his construction equipment. Moved by Miller, seconded by Dowie that canmunication from Assistant City against Lawrence Seals, Jr., in Equity Seals, Jr., dba Seals Construction Co. concerning the nuisance caused by garb together with reconmendation to clean property owner, be received, placed on Order and allowing Mr. Seals an extens report back to the Council in two (2) Ayes: Six. Absent: Lichty. Resolution adopted and upon approval b Attorney transmitting the Court Order issued No. 68694, City of Waterloo, Iowa v Lawrence , Judgnent Entry entered on March 20, 1987 age and trucks located at 710 Logan Avenue, said property and assess the costs to the file and "Resolution approving said Court ion of 30 days on the Court Order with a weeks regarding the progress", be adopted. y Mayor assigned No. 1987-161. DOCUMENTS 90265 - Moved by Seeber, seconded by Dowie that communication fram Planning and Development Director transmitting agreenent with the Waterloo Industrial Development Association to acc anmodate the City in repaying the $27,500 loan guarantee used to demolish the former Ellis Hotel with repayment to be made over a three year period with tax increment financing funds generated by the Siberts-Unique Project, together with the recommendation of approval be received, placed on file and "Resolution approving said Agreement", be adopted, and Mayor and Clerk/Auditor authorized to execute sane. Ayes: Six. Absent: Lichty. Resolution adopted and upon approval by Mayor assigned No. 1987-162. 90266 - Moved by Seeber, seconded by Miller that communication fran City Planner transmitting Change Order No. 1 for work by the Waterloo Water Works on Kimball Avenue Middle (IX -6641(4)--79-07), together with the recanmendation of approval be received, placed on file and Mayor and Clerk/Auditor authorized to execute same. Motion carried. RESOLUTIONS TO BE ADOPTED 90267 - Moved by Dowie, seconded by Miller that "Resolution approving temporary East Donald Street owned by Larry L. Donald Street Reconstruction Project Ayes: Six. Absent: Lichty. easement contract payment for property at 955 and Eleanor S. Little in conjunction with (IX -6662(2)--79-07)", be adopted. 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Motion carried. 90276 - Moved by Budak, seconded by Wright that plans, specifications, etc. for the FY1987 Street Reconstruction Progran, Contract No. 307, be received, placed on file and "Resolution preliminarily approving sane", be adopted. Ayes: Six. Absent: Lichty. Resolution adopted and upon approval by Mayor assigned No. 1987-167. 90277 - Moved by Budak, seconded by Wright that "Resolution setting date of hearing and taking of bids as May 4, 1987, at 7:00 p.m. in the City Hall Council Chambers on the FY 1987 Street Reconstruction Progran, Contract No. 307", be adopted and Clerk/Auditor instructed to publish notice of hearing accordingly. Ayes: Six. Absent: Lichty. Resolution adopted and upon approval by Mayor assigned No. 1987-168. 90278 - Moved by Budak, seconded by Wright to instruct City Engineer to prepare plans, specifications, etc. for the F.Y.1987 Greyhound Track Access Road - Phase III, Contract No. 325, be received and placed on file. Motion carried. 90279 - Moved by Budak, seconded by Wright that plans, specifications, etc. for the FY1987 Greyhound Track Access Road Phase III, Contract No. 325, be received, placed on file and "Resolution preliminarily approving sane", be adopted. Ayes: Six. Absent: Lichty. Resolution adopted and upon approval by Mayor assigned No. 1987-169. 90280 - Moved by Budak, seconded by Wright that "Resolution setting date of hearing and taking of bids as May 4, 1987, at 7:00 p.m. in the City Hall Council Chambers on the FY 1987 Greyhound Track Access Road - Phase III, Contract No. 325", be adopted and Clerk/Auditor instructed to publish notice of hearing accordingly. Ayes: Six. Absent: Lichty. Resolution adopted and upon approval by Mayor assigned No. 1987-170. 90281 - Moved by Budak, seconded by Wright that the following requests for travel with expenses not to exceed amount shown, be received, placed on file and approved: Travel Requests 1. Carmen Shader and Sandie Greco, Animal Control Secretary, to attend the Midwest Animal Contro in Cedar Rapids, Iowa, on April 15 - 16, 1987; including the use of a City vehicle. 2. Jeff Murphy, Technician, to attend the Seaman Cedar Rapids, Iowa, on May 1, 1987; costs not use of a City vehicle. Officer and Administrative 1 Humane Society Training Academy costs not to exceed $265.00; Nuclear Density Meter Seminar in to exceed $132.50; including the 3. James N. Lindsey, Administrator - Community Development Board, to attend the Water Resources Congress 1987 Annual Meeting in Washington, D.C., on May 10-13, 1987; costs not to exceed $1,212.00. 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City Hall Council Chambers The Mayor cal led the speci al work session to order regarding the review of the proposed redevelopment of the former Rath Packing Company site by the Waterloo Meat Pack Incorporated. Roll Call: Budak, Seeber, Wright, Angel, Dowie and Miller. Absent: Lichty. Louis Beecher, attorney representing Waterloo Meat Pack, spoke on the proposed development for the former Rath Packing Company site. Mr. Beecher reviewed the historical relationship between the Waterloo Meat Pack and the City of Waterloo. Mr. Beecher continued that he would be introducing Mr. Conrad Kampman of Fort Worth, Texas, who is a general contractor in the Dallas/Fort Worth area. Mr. Kampman will be the general contractor on the reconstruction and redevelopment of the Waterloo Meat Pack site. Mr. Beecher stated he would also be introducing Bill Carpenter, Vice President of Boettcher & Canpany of Denver, Colorado. Mr. Carpenter is putting together the financial details of the project. Conrad Kampman presented to the Council the financing calendar for the project. The calendar runs from April 13 to approximately May 19, 1987 which is the scheduled date for closing with the City. Mr. Kampman stated that the schedule is tentative and that it could change a few days on either side of the deadline. Councilperson Miller questioned if the final date for the financing calendar is not followed, what kind of fluctuation might exist. Mr. Kampman stated there is already a one week period of time that is allowed with the existing date as shown on the calendar. Mr. Kampman continued that the new Waterloo Meat Pack will be the first plant of its kind in the western hemisphere. He continued that the equipment is very complicated and that, in his opinion, the deal is 98% assured of completion. Councilperson Seeber stated that he is very pleased with the information they are receiving today and complimented the Mayor and Council on the hard work that they have shown in staying with the project. Mr. Beecher stated that the contracts were ready to be signed for the deal and that the equipment would be furnished by K.S.I. Industries, equipment suppliers frau Canada. Bill Carpenter of Boettcher & Canpany referred to the proposed financing calendar and asked if there were any questions. Mr. Carpenter continued that if Standard & Poors would give the project a "AA" Bond rating, which is anticipated, the saleability of the bonds would be very easy from that point. Councilperson Wright questioned Mr. Carpenter on what the Council needed to do next in the process. Mr. Carpenter stated that the Council needed to do nothing prior to the proposed May 19 preclosing deadline in Waterloo. Councilperson Budak questioned when the City would receive their money that is owed for the former Rath property. Mr. Carpenter stated that upon the closing of the deal, 98% of the money for the bond sale would be delivered to Mr. Kampman for disbursement. Councilperson Miller questioned again the possibility of the proposed calendar being extended beyond the May 19 proposed date. Mr. Carpenter stated that a lot would depend on the speed with which Standard & Poors would make a decision on the rating for the proposed issue. He continued that no deal is 100% but, in his best estimation, this is as close as any financing deal could be.