HomeMy WebLinkAbout2018-340-5/21/2018 (2) Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-340
RESOLUTION AUTHORIZING SALE AND CONVEYANCE
OF CITY'S PARTIAL INTEREST IN PROPERTY LOCATED
WITHIN BLOCK 63 OF COOLEY ADDITION ADJACENT TO
519 E. 3RD STREET TO JSA DEVELOPMENT, LLC FOR
$1.00, AND AUTHORIZE THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo has partial interest in property generally located within
Block 63 of Cooley Addition adjacent to 519 E. 3rd Street in the City of Waterloo, Iowa, and
legally describe below as:
THE SOUTHEAST 60 FEET OF LOT 6 IN BLOCK 63 IN THE COOLEY
ADDITION TO WATERLOO, BLACK HAWK COUNTY, IOWA.
and,
WHEREAS, an offer to purchase said property, in the amount of$1.00 has been made by
JSA Development, LLC, and
WHEREAS, a public hearing was held on May 21, 2018 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 a partial interest in city owned
property generally located within Block 63 of Cooley Addition adjacent to 519 E. 3rd Street, to
JSA Development, 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 property generally located within Block 63 of Cooley Addition adjacent to 519 E
3rd Street, as fully described in the published notice in the Waterloo Courier on May 14, 2018, is
not presently needed, nor will be needed in the foreseeable future for municipal purposes, and its
ownership is serving no municipal purpose.
2. That the offer of JSA Development, LLC to purchase property for the sum of$1.00, is
hereby accepted, for the real property as previously described.
3. That the City of Waterloo, Iowa conveys said parcel of real property described above
to JSA Development, LLC by special warranty deed.
4. That the Mayor and City Clerk are authorized and directed to execute said special
warranty deed.
5. That the originals 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 JSA Development, LLC upon receipt of$1.00.
Resolution 2018-340
Page 2
PASSED AND ADOPTED this 21St day of May 2018.
Quentin Hart, Mayor
ATTEST:
Kelley Fele e
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 2018-340, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 21 st day of May 2018.
Witness my hand and seal of office this 21St day of May 2018.
Kelley Felch
City Clerk
SEAL £`,,