HomeMy WebLinkAbout2011-1131-12/12/2011 This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1131
RESOLUTION AUTHORIZING THE CONVEYANCE OF
CITY-OWNED PROPERTY PROPERTY AND AUTHORIZING
MAYOR AND CITY CLERK TO EXECUTE AND DELIVER
DEED FOR SAME.
WHEREAS, the City of Waterloo, Iowa, is the owner of real
property in the City of Waterloo, Iowa, legally described as
follows :
The East 1722 feet of the North Half of the
Northwest Quarter of Section 26, Township 88
North, Range 13 West of the 5th P.M. , Black
Hawk County, Iowa, except the North 55 feet
thereof (50 acres more or less) .
WHEREAS, a public hearing was held on December 12, 2011, at
5: 30 p.m. in the Council Chambers in City Hall, Waterloo, Iowa,
as provided by law, by the Council of the City of Waterloo, Iowa,
regarding the proposal to exchange and convey premises owned by
the City of Waterloo, Iowa, for property owned by L and H Farms,
Ltd. , and
WHEREAS, an Offer to Exchange Agreement by and between L and
H Farms, Ltd. , and the City of Waterloo, Iowa, transferring
twenty-four and a half (24 . 5) acres of development property
located at the southeast corner of the intersection of U. S.
Highway 20 and Ansborough Avenue in exchange for said fifty (50)
acres of City owned property, was approved by Resolution No.
2011-1130, and
WHEREAS, it is the opinion of this Council that exchange and
conveyance should be made as proposed.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, AS FOLLOWS:
1 . The following described real property, as fully
described in the published notice in the Waterloo Courier on
December 8, 2011, is not presently needed and will not be needed
in the foreseeable future for municipal purposes and its
ownership is serving no municipal purpose, and
2 . That the conveyance of City owned property in
conjunction with said Exchange Agreement be and it is hereby
accepted.
3 . That the City of Waterloo, Iowa, convey said parcels of
real property to L and H Farms, Ltd. , by deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to L and H Farms, Ltd.
5 . That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to L and H Farms, Inc. , upon
execution of said Exchange Agreement.
PASSED AND ADOPTED this 12th day of December 2011 .
Resolution 2011-1131
Page 2
r =.
Ernest G. Clark, Mayor
ATTEST:
Lap Ag�D
Suzy S hares, CMC
City Clerk