HomeMy WebLinkAbout2018-794-10/22/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, 319-291-4323.
RESOLUTION NO. 2018-794
RESOLUTION APPROVING ACQUISITION CONTRACT
WITH M AND G CAPITAL, LLC TO ACQUIRE 500 SQUARE
FEET OF RIGHT-OF-WAY FOR UNIVERSITY AVENUE FOR
$1,070, AND APPROVING A TEMPORARY EASEMENT
AGREEMENT WITH M AND G CAPITAL, LLC IN THE
AMOUNT OF $2,512.79, LOCATED AT 3727-3731
UNIVERSITY AVENUE, IN CONJUNCTION WITH THE
UNIVERSITY AVENUE RECONSTRUCTION PHASE II
PROJECT, AND AUTHORIZE THE MAYOR TO EXECUTE
SAID DOCUMENTS.
WHEREAS, the City of Waterloo, Iowa, has based the offer price on 120% of the
assessed value of the property, multiplied by 10% for temporary easements during construction,
and
WHEREAS, the acquisition of the hereinafter described parcels and easements are in
conjunction with University Avenue reconstruction Phase II project, located at 3727-3731
University Avenue.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the acquisition contract for the parcels hereinafter described to sell
the same to the City of Waterloo, Iowa all of which are situated in the City of Waterloo, Black
Hawk County, Iowa, are accepted and approved and the Mayor is authorized and directed to
execute the same on behalf of the City and to execute all instruments necessary to consummate
the agreements to purchase the property from the owner thereof, and the deeds for the
conveyance of the same are also accepted and approved and the City of Waterloo is directed to
pay for the properties from city funds.
Temporary Easement Property:
Owner: M and G Capital, LLC
Temporary easement: $2,512.79
Acquisition Property:
Owner: M and G Capital, LLC
Fee simple acquisition: $1,070.00
DESCRIPTION: ACQUISITION PROJECT PARCEL 120
COUNTY PARCEL "V"
COMMENCING AT THE INTERSECTION OF THE PRESENT WEST RIGHT-OF-
WAY LINE OF TUNIS DRIVE AND THE PRESENT SOUTHERLY RIGHT-OF-WAY
LINE OF UNIVERSITY AVENUE (FORMER U.S. HIGHWAY NO. 218) AS
ESTABLISHED BY DEED 489, PAGE 457, AT 136.00 FEET NORMALLY DISTANT
FROM AND SOUTHWESTERLY OF THE CENTERLINE OF SAID FORMER U.S.
HIGHWAY NO. 218, ALSO BEING THE NORTHEASTERLY CORNER OF PARCEL
"H" THAT IS SHOWN ON A PLAT OF SURVEY THAT IS RECORDED IN
MISCELLANEOUS BOOK 338, PAGE 955, IN THE OFFICE OF THE BLACK
HAWK COUNTY RECORDER; THENCE NORTHWESTERLY ON THE PRESENT
SOUTHERLY'RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE (FORMER U.S.
HIGHWAY NO. 218), ALSO BEING THE NORTHEASTERLY LINE OF SAID
PARCEL "H", BEING A 1010.00-FOOT RADIUS CURVE CONCAVE
Resolution No. 2018-794
Page 2
SOUTHWESTERLY AND HAVING A 85.52-FOOT (85.51-FOOT RECORD) LONG
CHORD BEARING NORTH 74° (DEGREES) 31' (MINUTES) 24" (SECONDS)
WEST (ASSUMED BEARING FOR THE PURPOSE OF THIS DESCRIPTION), 85.54
FEET (85.54 FEET RECORD); THENCE NORTH 74°41'25" WEST ON THE
PRESENT SOUTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE
(FORMER U.S. HIGHWAY NO. 218), ALSO BEING THE NORTHEASTERLY LINE
OF SAID PARCEL "H", 60.08 FEET (60.11 FEET RECORD) TO THE
NORTHWESTERLY CORNER OF SAID PARCEL "H"; THENCE NORTH 74°59'47"
WEST ON THE PRESENT SOUTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY
AVENUE (FORMER U.S. HIGHWAY NO. 218), ALSO BEING THE
NORTHEASTERLY LINE OF PARCEL "D" THAT IS SHOWN ON A PLAT OF
SURVEY THAT IS RECORDED IN MISCELLANEOUS BOOK 317, PAGE 770, IN
THE OFFICE OF THE BLACK HAWK COUNTY RECORDER, 53.15 FEET (53.15
FEET RECORD); THENCE NORTH 15°11'36" EAST ON THE PRESENT
SOUTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE (FORMER U.S.
HIGHWAY NO. 218), ALSO BEING THE NORTHEASTERLY LINE OF SAID
PARCEL "D", 65.23 FEET TO THE POINT OF BEGINNING OF THE PARCEL OF
LAND HEREIN DESCRIBED; THENCE NORTH 59'55'12" WEST, 63.46 FEET TO
THE PRESENT SOUTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE
(FORMER U.S. HIGHWAY NO. 218), ALSO BEING THE NORTHEASTERLY LINE
OF SAID PARCEL "D"; THENCE SOUTH 74°47'28" EAST ON THE PRESENT
SOUTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE (FORMER U.S.
HIGHWAY NO. 218), ALSO BEING THE NORTHEASTERLY LINE OF SAID
PARCEL "D", 61.33 FEET; THENCE SOUTH 15°11'36" WEST ON THE PRESENT
SOUTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY AVENUE (FORMER U.S.
HIGHWAY NO. 218), ALSO BEING THE NORTHEASTERLY LINE OF SAID
PARCEL"D", 16.29 FEET TO THE POINT OF BEGINNING.
CONTAINING 500 SQUARE FEET OR 0.01 ACRE.
......,-,,-, PASSED AND ADOPTED this 22nd day of October 2018.
ATTEST: Quentin Hart, Mayor
Kelley Felchle
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 2018-794, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 22nd day of October 2018.
Witness my hand and seal of office this 22nd day of October 2018.
Kelley Felch
- City Clerk
SEAL