HomeMy WebLinkAbout2019-275-4/22/2019Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, 319-291-4323.
RESOLUTION NO. 2019-275
RESOLUTION APPROVING ACCEPTING CERTAIN DEEDS
TO SELL REAL PROPERTY TO THE CITY OF
WATERLOO, FOR THE PARTIAL ACQUISITION OF RIGHT-
OF-WAY AND TEMPORARY EASEMENT FROM REALTY
INCOME PROPERTIES 31, LLC, IN THE AMOUNT OF
$3,070.07 ($2,509.15 FEE TITLE ACQUISITION; $560.92
TEMPORARY EASEMENT), GENERALLY LOCATED
ADJACENT TO 1850 LOGAN AVENUE, IN ADDITION NOT
TO EXCEED $50 IN RECORDING FEES.
WHEREAS, the City of Waterloo, Iowa, has had the parcels described herein appraised
and the fair market value ascertained, and
WHEREAS, the acquisition of the hereinafter described parcels and easements are in
conjunction with the partial acquisition of right-of-way and temporary easement from Realty
Income Properties 31, LLC, in the amount of $3,070.07 ($2,509.15 fee title acquisition; $560.92
temporary easement), generally located adjacent to 1850 Logan Avenue, in addition not to
exceed $50 in recording fees, and legally described as follows:
A PARCEL OF LAND SITUATED IN PART OF LOT 1 OF BLOCK 1 OF
NORTH WATERLOO PLACE, CITY OF WATERLOO, COUNTY OF BLACK
HAWK, STATE OF IOWA, MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 1, THENCE
NORTH 89° (DEGREES) 19' (MINUTES) 21" (SECONDS) EAST (ASSUMED
BEARING FOR THE PURPOSE OF THIS DESCRIPTION) ON THE NORTH
LINE OF SAID LOT 1, ALSO BEING THE PRESENT SOUTH RIGHT-OF-
WAY LINE OF E. DONALD STREET, 46.62 FEET; THENCE SOUTH
78°15'31" WEST, 13.26 FEET; THENCE SOUTH 48°10'05" WEST, 14.00
FEET; THENCE SOUTH 77°32'58" WEST, 11.82 FEET; THENCE SOUTH
27°30'58" WEST, 25.22 FEET TO THE WEST LINE OF SAID LOT 1, ALSO
BEING THE PRESENT EAST RIGHT-OF-WAY LINE OF U.S. HIGHWAY 63
(LOGAN AVENUE), THENCE NORTH 00°00'58" WEST ON SAID WEST
LINE, 36.41 FEET TO THE POINT OF BEGINNING.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the contract to sell the parcels herein described to the City of
Waterloo, Iowa, all of which are situated in the City of Waterloo, Black Hawk County, Iowa,
and the deeds for the conveyance of the same, are accepted and approved, and the Mayor and
City Clerk are authorized and directed to execute the same on behalf of the City of Waterloo,
Iowa.
PASSED AND ADOPTED this 22nd day of April 2019.
Quentin Hart, Mayor
Resolution No. 2019-275
Page 2
ATTEST:
Le M. Even, cMC, IaCMC
Deputy ity Clerk
CERTIFICATE
I, LeAnn M. Even, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2019-275, as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 22nd day of April 2019.
Witness my hand and seal of office this 22nd day of April 2019.
LeAnn . Even, MC, IaCMC
Deputy City Clerk
SEA