HomeMy WebLinkAbout2015-511-6/29/2015 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-511
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
A PORTION OF CITY-OWNED PROPERTY COMMONLY KNOWN AS
THE FORMER GRAND HOTEL SITE, GENERALLY LOCATED AT
THE INTERSECTION OF WEST MULLAN AVENUE AND
JEFFERSON STREET, TO GRAND INVESTMENTS, LLC, FOR
$1 . 00 PLUS COSTS, AND AUTHORIZE THE MAYOR AND CITY
CLERK TO EXECUTE AND DELIVER DEED FOR SAME.
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 Grand- Investments, LLC in the amount of
$1 . 00 plus costs, and
WHEREAS, a public hearing was held on June 29, 2015 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 Grand Investments, LLC, and
WHEREAS, it is the opinion of this Council that 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
June 24, 2015, 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 Grand Investments, LLC to purchase
real property for the sum of $1 . 00 and costs, is hereby accepted
and legally described as follows :
EXHIBIT "A"
PARCEL "B" IN PART OF LOT NO. 30 IN "AUDITOR' S FALLS
AVENUE AND MULLEN AVENUE PLAT" IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA, AS APPEARS IN THE PLAT OF
SURVEY RECORDED IN BOOK 327, PAGE 412 IN THE OFFICE OF
THE RECORDER, BLACK HAWK COUNTY, IOWA, EXCEPT THE
SOUTHEASTERLY 137. 00' OF SAID PARCEL "B", ADJACENT TO
WEST MULLAN AVENUE.
3 . That the City of Waterloo, Iowa conveys said parcel of
real property to Grand Investments, LLC by deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute said deed.
5 . That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council .
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to the Grand Investments, LLC
upon receipt of $1 . 00 and costs .
G
Resolution No. 2015-511
Page 2
PASSED AND ADOPTED this 29th da of June 2015 .
+ Ernest G. Clark, Mayor
ATTEST:
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Suzy chares, CMC
City lerk
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