HomeMy WebLinkAbout2015-971-12/21/2015 k
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Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
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RESOLUTION NO. 2015-971
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RESOLUTION APPROVING THE EXCHANGE AGREEMENT
AND ASSIGNMENT OF REAL ESTATE CONTRACT
BETWEEN THE CITY OF WATERLOO AND L & H FARMS,
LTD. FOR THE ACQUISITION OF 11 . 98 ACRES OF
LAND IN BLACK HAWK COUNTY FOR THE SUM OF
$4.03, 700 IN EXCHANGE FOR PROPERTY IN THE SAN
MARNAN TIF DISTRICT.
BE IT RESOLVED . BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the Exchange Agreement and Assignment of Real Estate
Contract dated December 21, 2015, for the acquisition of 11 . 98
acres of land in Black Hawk County, for the sum of $403, 700 in
exchange for propertytin the San Marnan TIF District, legally
described as follows :
THE SOUTH 203 . 8 FEET OF THE NORTH 749 . 35 FEET OF THE NORTH
HALF OF THE SOUTHWEST QUARTER (N -� SW 1-4) IN SECTION NO. 9,
TOWNSHIP NO. 88 NORTH, RANGE NO. 13 WEST OF THE FIFTH
PRINCIPAL MERIDIAN, BLACK HAWK COUNTY, IOWA, EXCEPT THAT
PART THEREOF CONVEYED TO THE CITY OF WATERLOO IN A DEED
FILED MARCH 14, 2012 AS DOC. NO. 2012-16922 IN THE OFFICE OF
THE BLACK HAWK COUNTY RECORDER;
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between L &- -H Farms, ` LTD of Waterloo, Iowa and the City of
Waterloo, Iowa is hereby approved.
PASSED AND ADOPTED this 21St day of December 2015 .
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rnest G. Clark, Mayor
ATTEST:
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Suzy Schres, CMC }
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