HomeMy WebLinkAbout2019-558-07/22/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-558
RESOLUTION APPROVING REAL ESTATE PURCHASE
AGREEMENT WITH THE BOWLERS GROUP II, LLC, FOR
THE CITY OF WATERLOO TO ACQUIRE 1.408 ACRES OF
LAND, GENERALLY LOCATED SOUTH OF 650 LA PORTE
ROAD (CADILLAC XBC), FOR THE APPRAISED PRICE OF
$275,911.92, PLUS UP TO $2,000 IN CLOSING COSTS, AND
AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
that the Real Estate Purchase Agreement dated July 22, 2019, between the Bowlers Group II,
LLC, and the City of Waterloo, Iowa, for property legally described as follows:
UNPLATTED WATERLOO WEST PART OF THE SOUTHWEST
NORTHEAST SECTION 36 TOWNSHIP 89 RANGE 13 BEGINNING AT A
POINT 739.8 FEET NORTH OF SOUTH LINE NORTHEAST 1/4 & 100 FEET
WEST OF EAST LINE SOUTHWEST NORTHEAST THENCE WEST 265.31
FEET TO EAST LINE ROLLING ACRES 1ST ADDITION THENCE NORTH
TO A POINT IN SOUTH LINE OF THE NORTH 419 FEET SOUTHWEST
NORTHEAST THENCE EAST TO WEST LINE OF EAST 100 FEET OF THE
SOUTHWEST NORTHEAST THENCE SOUTH TO BEGINNING AND
UNPLATTED WATERLOO WEST PART SOUTHWEST NORTHEAST
SECTION 36 TOWNSHIP 89 RANGE 13 DESCRIBED AS BEGINNING AT A
POINT 739.89 FEET NORTH & 215.7 FEET WEST OF THE SOUTHEAST
CORNER OF SAID SOUTHWEST NORTHEAST THENCE WEST TO A
POINT ON EAST LINE ROLLING ACRES FIRST ADDITION THAT IS 739.89
FEET NORTH OF SOUTH LINE OF SAID SOUTHWEST NORTHEAST
THENCE SOUTH ALONG EAST LINE ROLLING ACRES FIRST ADDITION
105 FEET THENCE EAST TO A POINT THAT IS 634.89 FEET NORTH &
215.7 FEET WEST OF SOUTHEAST CORNER OF SAID SOUTHWEST
NORTHEAST THENCE NORTH TO POINT OF BEGINNING ALL IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, STATE OF IOWA.
at an appraised price of$275,911.92, plus up to $2,000 in closing costs, to acquire 1.408 acres of
land, generally located south of 650 La Porte Road (Cadillac XBC), is hereby approved, and the
Mayor and City Clerk are authorized and directed to execute said documents on behalf of the
City of Waterloo, Iowa.
PASSED AND ADOPTED this 22nd day of July 2019.
Quentin Hart, Mayor
ATTEST:
II I
elley Felchl,�
City Clerk
Resolution 2019-558
Page 2
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. 2019-558 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 22nd day of July 2019.
Witness my hand and seal of office this 22nd day of July 2019.
/ 1 ' ,
SEAL . %41 Al
' elley Felchle'
City Clerk