HomeMy WebLinkAbout2017-557-7/17/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-557
RESOLUTION AUTHORIZING SALE AND CONVEYANCE
OF CITY OWNED PROPERTY GENERALLY LOCATED AT
200 WEST 4TH STREET (CONVENTION CENTER), IN THE
AMOUNT OF $1.00, TO LK WATERLOO, LLC, AND
AUTHORIZE 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 Waterloo, LLC, and
WHEREAS, a public hearing was held on July 17, 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 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 July 3, 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 Waterloo, LLC, to purchase real property for the sum of$1.00 is
hereby accepted for the real property described as follows:
BLOCK 7, ORIGINAL PLAT ON THE WEST SIDE OF THE CEDAR
RIVER, CITY OF WATERLOO, IOWA, AND LOTS 1 THROUGH 6 OF
ELWELL'S SUBDIVISION, CITY OF WATERLOO, IOWA, INCLUDING
ALL ALLEYS BUT EXCEPTING STREET RIGHT OF WAY.
3. That the City of Waterloo, Iowa conveys said parcels of real property described above
to LK Waterloo,LLC, by a Special Warranty Deed.
4. That the Mayor and City Clerk are authorized and directed to execute said Special
Warranty Deed.
5. That the original of said Special 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 Special Warranty
Deed to LK Waterloo, LLC, upon receipt of$1.00.
PASSED AND ADOPTED this 17th day of July 2017.
Resolution 2017-557
Page 2
Quentin Hart, Mayor
ATTEST:
Nd I
elley Fel e
City Cler
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 2017-557, as passed and adopted by the
Council of the Ci of Waterloo Iowa on the 1 to
City 7 day of July 2017.
Witness my hand and seal of office this 17th day of July 2017.
o&,.,
Kelley Felc e
City Clerk
SEAL