HomeMy WebLinkAbout2017-698-8/28/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2017-698
RESOLUTION AUTHORIZING SALE AND CONVEYANCE
OF CITY OWNED PROPERTY LOCATED AT 200 WEST 4TH
STREET (CONVENTION CENTER), TO LK
HOLDINGS WATERLOO, LLC IN THE AMOUNT OF $1.00,
AND AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo, Iowa is the owner of real property in the City of
Waterloo, Iowa, as describe below, and
WHEREAS, an offer to purchase said certain parcels of real property in the amount of
$1.00, has been made by LK Holdings Waterloo, LLC, and
WHEREAS, a public hearing was held on August 28, 2017 at 5:30 p.m. in the Harold E.
Getty Council Chambers, City Hall, Waterloo, Iowa; as provided by law, by the Council of the
City of Waterloo, Iowa, on the proposal to sell and convey property owned by the City of
Waterloo, Iowa, to LK Holdings Waterloo, LLC, and
WHEREAS, it is the opinion of this council that said sale and conveyance should be
made as proposed.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY 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 August 18, 2017 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 offer of LK Holdings Waterloo, LLC to purchase real property for the sum of
$1.00, is hereby accepted for the real property described as follows:
DESCRIPTION: PARCEL `K'
PART OF BLOCK 7 IN THE ORIGINAL PLAT ON THE WEST SIDE OF THE
CEDAR RIVER AND THE SOUTHEASTERLY 10.00 FEET IN EVEN WIDTH
OF FORMER MAIN STREET NOW PARK AVENUE AND PART OF
ELWELL'S PLAT A SUBDIVISION OF LOTS 1 AND 2 IN BLOCK 7 IN THE
ORIGINAL PLAT ON THE WEST SIDE OF THE CEDAR RIVER, CITY OF
WATERLOO, COUNTY OF BLACK HAWK, STATE OF IOWA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHEASTERLY CORNER OF LOT 1 OF E.J.
BICKLEY'S SUBDIVISION, ALSO BEING THE POINT OF INTERSECTION
OF THE PRESENT SOUTHWESTERLY RIGHT-OF-WAY LINE OF
JEFFERSON STREET AND THE PRESENT NORTHWESTERLY RIGHT-OF-
WAY LINE OF WEST 4TH STREET; THENCE NORTH 41' (DEGREES) 05'
(MINUTES) 42" (SECONDS) EAST, 80.00 FEET TO THE SOUTHERLY
CORNER OF SAID BLOCK 7; THENCE NORTH 48°54'56" WEST, ON THE
SOUTHWESTERLY LINE OF SAID BLOCK 7 ALSO BEING THE PRESENT
NORTHEASTERLY RIGHT-OF-WAY LINE OF JEFFERSON STREET, 4.03
Resolution 2017-698
Page 2
FEET TO THE POINT OF BEGINNING OF THE PARCEL OF LAND HEREIN
DESCRIBED; THENCE CONTINUING NORTH 48°54'56" WEST ON THE
SOUTHWESTERLY LINE OF SAID BLOCK 7 AND ITS NORTHWESTERLY
PROLONGATION, ALSO BEING THE PRESENT NORTHEASTERLY
RIGHT-OF-WAY LINE OF JEFFERSON STREET, 306.59 FEET TO
NORTHWESTERLY LINE OF THE SOUTHEASTERLY 10.00 FEET OF
FORMER MAIN STREET NOW PARK AVENUE, ALSO BEING THE
PRESENT SOUTHEASTERLY RIGHT-OF-WAY LINE OF PARK AVENUE;
THENCE NORTH 41003'49" EAST ON THE NORTHWESTERLY LINE OF
THE SOUTHEASTERLY 10.00 FEET OF FORMER MAIN STREET NOW
PARK AVENUE, ALSO BEING THE PRESENT SOUTHEASTERLY RIGHT-
OF-WAY LINE OF PARK AVENUE, 301.91 FEET (300.00 FEET RECORD)
TO THE PRESENT SOUTHWESTERLY RIGHT-OF-WAY LINE OF
COMMERCIAL STREET; THENCE SOUTH 49002'55" EAST ON THE
PRESENT SOUTHWESTERLY RIGHT-OF-WAY LINE OF COMMERCIAL
STREET, ALSO BEING THE NORTHEASTERLY LINE OF SAID BLOCK 7
AND ITS NORTHWESTERLY PROLONGATION, 240.52 FEET TO THE
NORTHWESTERLY RIGHT-OF-WAY LINE OF WEST 4TH STREET;
THENCE SOUTHWESTERLY ON THE NORTHWESTERLY RIGHT-OF-
WAY LINE OF WEST 4TH STREET BEING A 956.73-FOOT RADIUS
CURVE CONCAVE SOUTHEASTERLY AND HAVING A 98.84-FOOT
LONG CHORD BEARING SOUTH 28047'22" WEST, 98.89 FEET (ARC
LENGTH); THENCE SOUTH 26°09'45" WEST ON THE NORTHWESTERLY
RIGHT-OF-WAY LINE OF WEST 4TH STREET, 91.32 FEET; THENCE
SOUTHWESTERLY ON THE NORTHWESTERLY RIGHT-OF-WAY LINE
OF WEST 4TH STREET BEING A 760.00-FOOT RADIUS CURVE
CONCAVE NORTHWESTERLY AND HAVING A 119.61-FOOT LONG
CHORD BEARING SOUTH 30040'33" WEST, 119.73 FEET (ARC LENGTH)
TO THE POINT OF BEGINNING.
(THE SOUTHEAST LINE OF E.J. BICKLEY'S SUBDIVISION, ALSO BEING
THE PRESENT NORTHWESTERLY RIGHT-OF-WAY LINE OF WEST 4TH
STREET THAT IS SOUTHWESTERLY OF JEFFERSON STREET, IS
ASSUMED TO BEAR NORTH 41005'42" EAST FOR THE PURPOSE OF
THIS DESCRIPTION.)
CONTAINING 83,194 SQUARE FEET OR 1.91 ACRES.
3. That the City of Waterloo, Iowa conveys said parcels of real property described above
to LK Holdings Waterloo, LLC by a warranty deed.
4. That the Mayor and City Clerk are authorized and directed to execute said warranty
deed.
5. That the original of said warranty deed, fully executed and acknowledged, is hereby
approved and confirmed by this Council.
6. That the City Attorney is authorized and directed to deliver said warranty deed to LK
Holdings Waterloo, LLC upon receipt of$1.00.
PASSED AND ADOPTED this 28th day of August 2017.
Quentin Hart, Mayor
Resolution 2017-698
Page 3
ATTEST:
elley Fel le
City Clerk
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2017-698, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 28th day of August 2017.
Witness my hand and seal of office this 28th day of August 2017.
Y Kelley Fe le
City Cler
SEAL