| | | | | | | | CITY OF WATERLOO
Council Communication
Sale and conveyance of City owned property located north of 3488 Wagner Road, in the amount of $1.00, to Steege Investments, LLC, including a Development and Minimum Assessment Agreement, for the development of a 12,000 square-foot building.
City Council Meeting: 9/21/2020
Prepared: 9/2/2020 |
| | | | | | | | SUBJECT:
| Motion to receive and file proof of publication of notice of public hearing.
HOLD HEARING - No comments on file.
Motion to close hearing and receive and file oral and written comments.
Resolution authorizing the sale and conveyance of City owned property located north of 3488 Wagner Road, in the amount of $1.00, to Steege Investments, LLC, and authorizing the Mayor and City Clerk to execute said documents.
Resolution approving a Development and Minimum Assessment Agreement between Steege Investments, LLC and the City of Waterloo, Iowa, in conjunction with the construction of a 12,000 square-foot building, and authorizing the Mayor and City Clerk to execute said documents. |
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| | | | | | | | Submitted by:
| Submitted By: Noel Anderson, Community Planning and Development Director |
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| | | | | | | | Recommended Action:
| Approval
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| | | | | | | | Summary Statement:
| The City has owned this land since 2016 and platted the area into 6 lots. This will be the 4th lot to be sold for development in the area. Steege Investments LLC will be constructing a 12,000 square-foot building along Wagner Road. The project will have a minimum assessed value of $500,000
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| | | | | | | | Expenditure Required:
| None |
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| | | | | | | | Policy Issue:
| Sale of Property |
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| | | | | | | | Legal Descriptions:
| Lot 6, Wagner Road Subdivision, City of Waterloo, Black Hawk County, Iowa. |
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