HomeMy WebLinkAbout2015-323-5/11/2015 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-323
RESOLUTION ACCEPTING THE DONATION OF PROPERTY
FROM WELLS FARGO TO THE CITY OF WATERLOO
COMMUNITY DEVELOPMENT FOR PROPERTY GENERALLY
DESCRIBED AS 718 KERN STREET AND AUTHORIZE
MAYOR TO SIGN THE DONATION AGREEMENT.
WHEREAS, the City of Waterloo Community Development
Department has received a donation from Wells Fargo Bank for the
purpose of redevelopment and sale to an income eligible buyer,
and the housing unit will be brought up to code and be lead paint
safe prior to sale, and
WHEREAS, the property is generally described as 718 Kern
Street, and legally described as the following:
LOT NO. FIFTEEN (15) BLOCK NO. (2) IN "RIEHLS ADDITION" IN
WATERLOO, IOWA;
WHEREAS, rehabilitation funding will be provided by Wells
Fargo Bank in the amount of $15, 000 . 00 and the balance of funds
required will be provided by the H.O.M.E. Program.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
the donation of property generally described as 718 Kern Street
from Wells Fargo Bank and rehabilitation funding in the amount of
$15, 000 . 00 is hereby accepted, and the Mayor is hereby directed
to execute the donation agreement.
PASSED AND ADOPTED this 11th day of May 2015 .
Ernest G. Clark, Mayor
ATTEST:
Suzy ares, CMC
City Cl rk