WATERLOO — The city will hold a public hearing on whether to sell just under an acre of land to Advanced Heat Treat for $1 to help facilitate the company’s expansion at their upcoming meeting.
Approximately 0.82 acres would be deeded to Advanced Heat Treat, 2825 Midport Blvd., to provide access to semi traffic off of Airport Boulevard south of their facility, where a 15,500-square-foot expansion is taking place, according to the agenda for Monday’s Waterloo City Council meeting. The council meets at 5:30 p.m. at City Hall.
The city noted that, since normally a full acre is given for the $1 price in such situations, Advanced Heat Treat will also receive 3 years of 50 percent tax rebates.
Overall, the newly-expanded property will have a taxable value of $2,055,780 and provide 12 new jobs, six of which are classified as “high-quality jobs” by the state with wages at or above $17.29 per hour.
You have free articles remaining.
WATERLOO — Advanced Heat Treat Corp. has officially broken ground on a new 15,000-square-foo…
In other business on Monday’s agenda:
- The council is slated to approve a 2.75 percent salary increase for non-bargaining employees, effective July 1.
- The council will look at whether to authorize a reconstruction, in conjunction with the Iowa Department of Transportation and the Union Pacific Railroad, of the Franklin Street railroad crossing surface repair project. The city would kick in $22,410.20 of the total cost, or 20 percent of the total cost.
- The council will look to approve an application for a fireworks display June 30 at 9:45 p.m. in conjunction with the Mayor’s Firework Show.