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Council authorizes sale of city land to 3 Stooges LLC with development agreement and 10‑year, 50% tax rebate
3759799 · June 2, 2025
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Summary
The council approved sale and conveyance of city‑owned property south of 115 Work Drive to 3 Stooges LLC for $1 under a development agreement that includes a 10‑year, 50% tax rebate and a minimum assessment agreement of $3.2 million for a new 50,400‑square‑foot industrial building.
The Waterloo City Council adopted a resolution authorizing sale and conveyance of city‑owned property south of 115 Work Drive to 3 Stooges LLC for $1 and approved a development agreement that includes a minimum assessment agreement of $3,200,000 and a 10‑year, 50% tax rebate tied to…
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