HomeMy WebLinkAbout2018-114-2/26/2018 (RECORDED) Doc ID: 008351540002 Type: GEN
Recorded: 03/13/2018 at 12:08:51 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER
F11e2018-00014846
*Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-114
RESOLUTION APPROVING THE EXCHANGE AGREEMENT
AND ASSIGNMENT OF REAL ESTATE CONTRACT WITH L
& H FARMS, LTD. FOR THE ACQUISITION OF 9.54 ACRES
OF LAND IN BLACK HAWK COUNTY FOR THE SUM OF
$364,117, AND UP TO $10,000 IN CLOSING COSTS, IN
EXCHANGE FOR PROPERTY IN THE SAN MARNAN TIF
DISTRICT, AND AUTHORIZE THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Exchange Agreement, dated February 26, 2018, for the acquisition of 9.54 acres of land
in Black Hawk County, for the sum of$364,117, and up to $10,000 in closing costs,in exchange
for property in the San Marnan TIF District, and, legally described as follows:
"DEVELOPMENT LAND PARCEL"LEGAL DESCRIPTION:
THE SOUTH 184 FEET OF THE NORTH 1122.85 FEET OF THE NORTH
HALF OF THE SOUTHWEST QUARTER(N %2 SW 114) IN SECTION NO. 9,
TOWNSHIP NO. 88 NORTH, RANGE NO. 13 WEST OF THE FIFTH
PRINCIPAL MERIDIAN, BLACK HAWK COUNTY,IOWA, EXCEPT THAT
PART THEREOF CONVEYED TO THE CITY OF WATERLOO IN A DEED
FILED MARCH 14, 2012 AS DOC. NO. 2012-16922 AND EXCEPT THAT
PART THEREOF DESCRIBED IN A DEED DATED APRIL 29, 1996 AND
FILED MAY 1, 1996, AT BOOK 567 LAND DEEDS AT PAGE 633 AND
EXCEPT THAT PART THEREOF DESCRIBED IN A DEED DATED APRIL 4,
1997 AND FILED APRIL 4, 1997 AT BOOK 569 LAND DEEDS AT PAGE
042, ALL FILED IN THE OFFICE OF THE BLACK HAWK COUNTY
RECORDER.
SUBJECT TO EASEMENTS, RESTRICTIONS, COVENANTS, ORDINANCES
AND LIMITED ACCESS PROVISIONS OF RECORD AND NOT OF
RECORD.
"FARM LAND PARCEL"LEGAL DESCRIPTION:
THE NORTH 40 ACRES OF THE EAST 120 ACRES EXCEPT THE NORTH
400 FEET OF THE EAST 660 FEET OF THE SOUTHEAST QUARTER, ALL
IN SECTION 20, TOWNSHIP 88 NORTH,RANGE 13 WEST OF THE 5TH
P.M., IN BLACK HAWK COUNTY,IOWA(CONTAINING
APPROXIMATELY 33.1 TILLABLE ACRES).
between L &H Farms, Ltd., and the City of Waterloo,Iowa, is hereby approved.
PASSED AND ADOPTED this 26th day of February 2018.
Resolution No. 2018-114
Paget;
ATTEST-
Kelley
TTEST Kelley Felchl
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 No. 2018-114 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 26th day of February 2018.
Witness my hand and seal of office this 26b day of February 2018.
Kelley Felchle
City Clerk
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