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Council approves sewer financing measures and releases 13 acres of airport property to city for International Paper project
Summary
Council accepted a loan/disbursement agreement with the Iowa Finance Authority that includes state loan forgiveness and authorized the release of 13 acres from Waterloo Regional Airport to the city for $577,800 to support an International Paper project; staff said FAA procedures and appraisal review are required for land releases.
The Waterloo City Council on Aug. 25 approved a package of financing and property actions that included a loan and disbursement agreement with the Iowa Finance Authority related to sewer revenue capital loan notes and a land‑release to support an International Paper expansion.
Bridget (city finance director) told the council the state has granted partial forgiveness of the city’s sewer loan, reducing the city’s remaining obligation on previously completed sewer projects. Separately, the council approved a request by Waterloo Regional Airport to…
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