HomeMy WebLinkAbout2011-973-10/3/2011 This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-973
RESOLUTION APPROVING THE ACQUISITION CONTRACT
TO SELL REAL PROPERTY TO THE CITY AND
ACCEPTING AND APPROVING CERTAIN DEED.
WHEREAS, the City of Waterloo, Iowa, has had the parcel
described herein appraised and the fair market value ascertained,
and
WHEREAS, the acquisition of the hereinafter described parcel
is in conjunction with the Downtown Masterplan as redevelopment
area.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the contract for the parcel
hereinafter described to sell the same to the City of Waterloo,
Iowa, all of which is situated in the City of Waterloo, Black
Hawk County, Iowa, is accepted and approved and the Mayor and
City Clerk are authorized and directed to execute the same in
behalf of the City and to execute all instruments necessary to
consummate the agreement to purchase the property from the owner
thereof, and the deed for the conveyance of the same is also
accepted and approved and the City of Waterloo is directed to pay
for the property from City funds.
The subject address is :
Owner - Stone Holdings, LLC
Address - 319 West 2n Street
Total Acquisition - $63, 000 with up to $10, 000 in
closing costs
Legally described as follows :
ORIGINAL PLAT WATERLOO WEST NORTHEASTERLY 30 FEET LOT 6
BLOCK 14 NORTHEASTERLY 30 FEET NORTHEASTERLY 2C FEET LOT 7
BLOCK 1 AND
ORIGINAL PLAT WATERLOO WESTERLY SOUTHWESTERLY 50 FEET
NORTHWESTERLY 50 FEET LOT 5 BLOCK 14, ALL IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
PASSED AND ADOPTED this 3rd day of October 2011 .
Ltrnest G. Clark, Mayor
ATTEST:
Suzy c ares, CMC
City lerk