HomeMy WebLinkAbout2012-202-03/05/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-202
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF A PORTION OF WEST 4TH STREET
RIGHT-OF-WAY IN THE 3800 BLOCK OF WEST 4TH
STREET FOR $1.00, PLUS COSTS, AND AUTHORIZING
THE MAYOR AND CITY CLERK TO EXECUTE AND
DELIVER DEED FOR SAME.
WHEREAS, the City of Waterloo, Iowa, is the owner of real
property in the City of Waterloo, Iowa, as described below, and
WHEREAS, an offer to purchase said certain parcels of real
property in the sum of $1.00, plus costs, has been made by
South Waterloo Development, LLC, and
WHEREAS, a public hearing was held on March 5, 2012, at 5:30
p.m. in the Council Chambers in City Hall, Waterloo, Iowa, as
provided by law, by the Council of the City of Waterloo, Iowa, on
the proposal to sell and convey premises owned by the City of
Waterloo, Iowa, to South Waterloo Development, LLC, and
WHEREAS, it is the opinion of this Council that sale and
conveyance should be made as proposed.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE 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
March 1, 2012, 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 South Waterloo Development, LLC to
purchase real property for the sum of $1.00, and costs, be and it
is hereby accepted for real property described below:
Legal Description of Parcel "C"
That part of the Southeast Quarter (SE 4) of Section
Six (06), and also that part of the Southwest Quarter
(SW 4) of Section Five (05), all in Township Eighty-
eight North (T88N), Range Thirteen West (R13W), of the
Fifth Principal Meridian, Waterloo, Black Hawk County,
Iowa, described as follows:
Beginning at the Southeast Corner of the Northeast
Quarter (SE 4); thence S89°24'43"W Two Hundred (200.00)
feet along the South line of said Northeast Quarter (NE
4) of the Southeast Quarter (SE 4); thence N00°17'39"W
Four Hundred Ten (410.00) feet; thence N89°25'08"E Two
Hundred (200.00) feet to the East line of aforesaid
Northeast Quarter (NE 4) of the Southeast Quarter (SE
4); thence S00°17'56"E Two Hundred Seventeen and Forty-
seven Hundredths (217.47) feet along said East line to
a property line agreement recorded in 268 Misc. 134 in
the Black Hawk County Recorder's Office; thence
N89°40'11"E One Hundred Seventy-two and Seventy-three
Hundredths (172.73) feet along said agreement line to
the Northwesterly Right-of-way line of West Fourth
Street; thence S47°53'24"W Two Hundred Thirty-one and
Resolution No. 2012-202
Page 2
Forty-three Hundredths (231.43) feet along said
Northwesterly Right-of-way line to aforesaid East line;
thence S00°06'19"W Thirty-eight and Thirty-two
Hundredths (38.32) feet along said East line to the
point of beginning containing 2.189 acres;
And
Legal Description of Parcel "R"
That part of the Southwest Quarter (SW 4) of Section
Five (05), in Township Eighty-eight North (T88N), Range
Thirteen West (R13W), of the Fifth Principal Meridian,
Waterloo, Black Hawk County, Iowa, described as
follows:
Beginning at the Southwest corner of the Northwest
Quarter (NW 4) of aforesaid Southwest Quarter (SW 4);
thence N00°06'19"E Thirty-eight and Thirty-two
Hundredths (38.32) feet along the West line of said
Northwest Quarter (NW 4) of the Southwest Quarter (SW
4) to the Northwesterly Right-of-way line of West
Fourth Street; thence N47°53'24"E Two Hundred Thirty-
one and Forty-three Hundredths (231.43) feet along said
Northwesterly Right-of-way line to a property line
agreement recorded in 268 Misc. 134 in the Black Hawk
County Recorder's Office; thence continue N47°57'00"E
One Hundred Sixty-nine and Sixteen Hundredths (169.16)
feet still along said Northwesterly Right-of-way line
to a point on a curve Sixty-six (66.00) feet
Northwesterly of and parallel to the Southeasterly
Right-of-way line of West Fourth Street as per Parcel
"M" as shown on 343 Misc. 864 in aforesaid Recorder's
Office; thence Southwesterly Four Hundred Nine and Ten
Hundredths (409.10) feet along the arc of a non -tangent
curve concave Southeasterly having a radius of One
Thousand One Hundred Seventy-nine and Eighty-six
Hundredths (1179.86) feet with a long chord of Four
Hundred Seven and Five Hundredths (407.05) feet which
bears S33°49'29"W; thence N66°06'30"W Seventy-seven and
Forty-two Hundredths (77.42) feet along radial line to
the point of beginning containing 16,420 square feet.
3. That the City of Waterloo, Iowa, convey said parcels of
real property to South Waterloo Development, LLC by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to South Waterloo Development, LLC.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to South Waterloo Development,
LLC upon receipt of the sum of $1.00, and costs.
Resolution No. 2012-202
Page 3
PASSED AND ADOPTED this 5th day of March, 2012.
est G. Clar
ATTEST:
y Sch res, CMC
City Cle k
, Mayor