HomeMy WebLinkAbout2017-912-11/6/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-912
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY OWNED PROPERTY LOCATED AT THE
NORTHEAST CORNER OF IDAHO STREET AND MARTIN
LUTHER KING, JR. DRIVE TO THE OVERLAND GROUP,
LLC IN THE AMOUNT OF $25,000, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENTS.
WHEREAS, the City of Waterloo is the owner of real property generally located at the
northeast corner of Idaho Street and Martin Luther King, Jr. Drive in the City of Waterloo, Iowa,
as described below, and
WHEREAS, an offer to purchase said real property in the amount of$25,000, has been
made by The Overland Group, LLC, and
WHEREAS, a public hearing was held on November 6, 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 property owned by
the City of Waterloo,to The Overland Group 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, generally located at the northeast corner of
Idaho Street and Martin Luther King, Jr. Drive, as fully described in the published notice in the
Waterloo Courier on October 27, 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.
2. That the offer of The Overland Group, LLC to purchase properties for the sum of
25,000, is hereby accepted for the real property legally described as follows:
DESCRIPTION: PARCEL D
A PART OF WILLOW STREET IN THE NORTHEAST 1/4 OF SECTION 19, TOWNSHIP 89
NORTH, RANGE 12 WEST OF THE 5TH P.M., IN THE CITY OF WATERLOO, COUNTY
OF BLACK HAWK, STATE OF IOWA, MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
COMMENCING AT THE CENTER OF SAID SECTION 19; THENCE NORTH 88°
(DEGREES) 43' (MINUTES) 55" (SECONDS)EAST(ASSUMED BEARING FOR THE
PURPOSE OF THIS DESCRIPTION) ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF
SAID SECTION 19 A DISTANCE OF 16.50 FEET TO THE PRESENT EAST RIGHT-OF-
WAY LINE OF IDAHO STREET, THE POINT OF BEGINNING OF THE PARCEL HEREIN
DESCRIBED; THENCE NORTH 01'05'55" WEST ON THE PRESENT EAST RIGHT-OF-
WAY LINE OF IDAHO STREET, 33.00 FEET; THENCE NORTH 88°43'55"EAST, 144.24
FEET TO THE SOUTHWESTERLY LINE OF THE CANADIAN NATIONAL RAILROAD;
THENCE SOUTH 51041'36" EAST ON THE SOUTHWESTERLY LINE OF THE
Resolution 2017-912
Page 2
CANADIAN NATIONAL RAILROAD, 36.57 FEET; THENCE SOUTHEASTERLY ON THE
SOUTHWESTERLY LINE OF THE CANADIAN NATIONAL RAILROAD, BEING A
1,879.86-FOOT RADIUS CURVE CONCAVE SOUTHWESTERLY AND HAVING A 14.23-
FOOT LONG CHORD BEARING SOUTH 4801744"EAST, 14.23 FEET (ARC LENGTH) TO
THE SOUTH LINE OF THE NORTHEAST 1/4 OF SAID SECTION 19; THENCE SOUTH 88°
43'55" WEST ON THE SOUTH LINE OF THE NORTHEAST 1/4 OF SAID SECTION 19 A
DISTANCE OF 182.94 FEET TO THE POINT OF BEGINNING.
BY SURVEY CONTAINING 5,414 SQUARE FEET, OR 0.12 ACRE.
DESCRIPTION: PARCEL H
A PART OF THE SOUTHEAST 1/4 OF SECTION 19, TOWNSHIP 69 NORTH, RANGE 12
WEST OF THE 5TH P.M., AND A PART OF EXISTING IDAHO STREET IN THE
SOUTHEAST 1/4 OF SAID SECTION 19, ALL IN THE CITY OF WATERLOO, COUNTY
OF BLACK HAWK, STATE OF IOWA, MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
COMMENCING AT THE CENTER OF SAID SECTION 19; THENCE NORTH 880
(DEGREES) 43' (MINUTES) 55" (SECONDS) EAST (ASSUMED BEARING FOR THE
PURPOSE OF THIS DESCRIPTION) ON THE NORTH LINE OF THE SOUTHEAST 1/4 OF
SAID SECTION 19 A DISTANCE OF 16.50 FEET TO THE PRESENT EAST RIGHT-OF-
WAY LINE OF IDAHO STREET, THE POINT OF BEGINNING OF THE PARCEL HEREIN
DESCRIBED; THENCE NORTH 88043'55" EAST ON THE NORTH LINE OF THE
SOUTHEAST 1/4 OF SAID SECTION 19, ALSO BEING THE PRESENT EAST RIGHT-OF-
WAY LINE OF IDAHO STREET AND ITS EXTENSION EASTERLY, 182.94 FEET TO THE
SOUTHWESTERLY LINE OF THE CANADIAN NATIONAL RAILROAD; THENCE
SOUTHEASTERLY ON THE SOUTHWESTERLY LINE OF THE CANADIAN NATIONAL
RAILROAD, BEING A 1,879.86-FOOT RADIUS CURVE CONCAVE SOUTHWESTERLY
AND HAVING A 105.63-FOOT LONG CHORD BEARING SOUTH 46026'08" EAST, 105.64
FEET (ARC LENGTH); THENCE SOUTHWESTERLY ON A 211.04-FOOT RADIUS
CURVE CONCAVE SOUTHEASTERLY AND HAVING A 215.72-FOOT LONG CHORD
BEARING SOUTH 12001'17" WEST, 226.42 FEET(ARC LENGTH); THENCE SOUTH
52°56'38" WEST. 67.54 FEET; THENCE NORTH 70°38'19" WEST, 164.88 FEET; THENCE
NORTH O1005'55" WEST, 265.78 FEET TO THE POINT OF BEGINNING.
BY SURVEY CONTAINING 63,883 SOUARE FEET, OR 1.47 ACRES.
3. That the City of Waterloo, Iowa conveys said parcels of real property described above
to The Overland Group, 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 special warranty deed
to The Overland Group, LLC upon receipt of$25,000.
PASSED AND ADOPTED this 6t'day of November 2017.
Quentin Hart, Mayor
Resolution 2017-912
Page 3
ATTEST: Y
VN,
elley Felc
City Clerk
CERTIFICATE
1, Kelley Felchle City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2017-912, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 6t' day of November 2017.
Witness my hand and seal of office this 6"'day of November 2017.
se,4 Ke ley Felc e
City Clerk
SEAL