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Home My WebLink About2009-365-04/27/2009 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2009-365 RESOLUTION ACCEPTING AND APPROVING CERTAIN ACQUISITION CONTRACT TO SELL REAL PROPERTY TO THE CITY AND ACCEPTING AND APPROVING CERTAIN DEED . WHEREAS, the City of Waterloo, Iowa, has had the parcel described herein appraised and the fair market value ascertained, and WHEREAS, the acquisition of the hereinafter described parcel is in conjunction with development of a new business site on W. Airline Highway. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, that the contract for the parcel hereinafter described to sell the same to the City of Waterloo, Iowa, all of which is situated in the City of Waterloo, Black Hawk County, Iowa, is accepted and approved and the Mayor and City Clerk are authorized and directed to execute the same in behalf of the City and to execute all instruments necessary to consummate the agreement to purchase the property from the owners thereof, and the deed for the conveyance of the same is also accepted and approved and the City of Waterloo is directed to pay for the property and the incidental expenses necessary to the consummation of the sale from City funds . The subject parcel is : Owner: Waterloo Industrial Development Association Parcel No . : 8913-03-351-017 Total Acquisition: $13 , 762 . 00 Closing Costs : Not more than $800 . 00 A survey of Parcel "F" in the Southwest Quarter (SW of Section 3 , Township 89 North (T89N) , Range 13 West (R13W) , of the Fifth Principal Meridian (5th P.M. ) City of Waterloo, Black Hawk County, State of Iowa, more particularly described as follows : Commencing at the Southwest corner of said Southwest 1/ of Section 3 ; thence North 90°00 ' 00" East, 1, 327 . 73 feet along the South line of the Southwest 1/ of said Section to a point on the East line of the Southwest Quarter of the Southwest Quarter (SWIA, SW1A) of said Section; thence North 01°21' 10" East, 60 . 00 feet along said East line, to a point on the current North line of Airline Highway, a variable width public right of way, and the point of beginning; thence continuing North 01°21' 10" East, 478 . 14 feet along said East line of the Southwest Quarter of the Southwest Quarter (SW1/, SW of the Section, to a point on the North line of the South 538 . 00 feet of said Quarter; thence North 90°00 ' 00" West, 651 . 38 feet along a line parallel to and 538 . 00 feet normally distant from the South line of said Southwest 1/ of the Section, to a point on a line parallel to and 675 feet normally distant from the West line of said Southwest 1/ of the Section; thence South O1°28 ' 55" West, 465 . 46 feet along a line parallel to and 675 feet normally distant from the West line of said Southwest 1/ of the Section, to a point on the current North right of way line; thence North 82°24 ' 20" tos off Reqscoaution No. 2009-365 2 0 0 sH > 0 ¢ n cv c� nm t-1-1 rn East, 62 . 51 feet along said right of way line; thence North 90°00 ' 00" East, 499 . 78 feet, continuing along cv s m said North right of way line; thence South 77°28 ' 51" O CJ ¢ ¢ ~ s East, 92 . 27 feet continuing along said North right of H s way line, to the point of beginning, containing 0 7' 299 , 737 . 9 square feet or 6 . 881 acres . A survey of Parcel "G" in the Southwest Quarter (SWC/) 0 of Section 3 , Township 89 North (T89N) , Range 13 West H (R13W) , of the Fifth Principal Meridian (5th P.M. ) , ; (p City of Waterloo, Black Hawk County, State of Iowa, cDH more particularly described as follows : nx � r.7 Commencing at the Southwest corner of said Southwest 1/ ru H n of Section 3 ; thence North 90°00 ' 00" East, 1, 327 . 73 feet along the South line of the Southwest 1/ of said s >~ Section to a point on the East line of the Southwest Quarter of the Southwest Quarter (SW'A, SW' ) of said Section; thence North 01°21 ' 10" East, 538 . 14 feet along said East line of the Southwest Quarter of the Hn Southwest Quarter (SWl/, SW of the Section, to a point H on the North line of the South 538 . 00 feet of said Quarter, and the point of beginning of this description; thence continuing North 01°21 ' 10" East, g 790 . 65 feet along said East line of the Southwest Quarter of the Southwest Quarter (SW'A, SWlA) of the Section, to the Northeast corner of said Southwest Quarter of the Southwest Quarter (SW1/, SW of the Section; thence North 89°55 ' 09" West, 924 . 96 feet along said North line of the Southwest Quarter of the Southwest Quarter (SWCA, SW11) of the Section, to a point on a line parallel to and 400 feet normally distant from the West line of said Southwest 1A of the Section; thence South 01°28 ' 55" West, 779 . 84 feet, along a line parallel to and 400 feet normally distant from the West line of said Southwest 1/ of the Section, to a point on the North line of the South 538 . 00 feet of said Quarter; thence South 90°00 ' 00" East, 926 . 47 feet, along said line to the point of beginning, containing 732 , 208 . 1 square feet or 16 . 809 acres, all in the City of Waterloo, Black Hawk County, Iowa; be and the same is hereby approved and accepted. PASSED AND ADOPTED this 27th day of April, 2009, and approved by the Mayor on the 29th day of April, 2009 . Tim Hurley, ,;yor ATTEST: Nancy Ec rt, CMC City Cler .