HomeMy WebLinkAbout2019-411-06/03/2019Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-411
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF A PORTION OF CITY OWNED
PROPERTY TO SFN REAL ESTATE, LLC, IN THE AMOUNT
OF $1.00, GENERALLY LOCATED SOUTHEAST OF 1414
COMMERCIAL STREET, AND AUTHORIZE THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENTS.
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 parcel of real property has been made by
SFN Real Estate, LLC, in the amount of $1.00, and
WHEREAS, a public hearing was held on June 3, 2019 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 premises owned by the City of
Waterloo, Iowa, to SFN Real Estate, LLC, and
WHEREAS, it the opinion of this Council that the 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 May 21, 2019, 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 SFN Real Estate, LLC, to purchase real property for the sum of
$1.00, is hereby accepted for real property described as follows:
LOTS 1 & 2, BLOCK 58, ANTHONY BAKER'S ADDITION, CITY OF
WATERLOO, IOWA.
3. That the City of Waterloo, Iowa, conveys said parcel of real property to SFN Real
Estate, LLC, by quit claim deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said quit claim 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 deed of conveyance to
SFN Real Estate, LLC, upon receipt of the sum of $1.00.
PASSED AND ADOPTED this 3rd day of June 2019.
Quentin Hart, Mayor
Resolution 2019-411
Page 2
ATTEST:
Kelley F41Ihle
City Cler
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. 2019-411 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of June 2019
Witness my hand and seal of office this 3rd day of June 2019.
elley Fele
City Clerk
SEAL