HomeMy WebLinkAbout2015-855-10/26/2015 C r
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Prepared, by Kelley Felchle, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
,,RESOLUTION NO. 2015-855
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
0 . 195 ACRES OF VACATED RIGHT-OF-WAY ON EAST SAN
MARNAN DRIVE ADJACENT TO 2825 CCROSSROADS
BOULEVARD TO REALTY INCOME CORPORATION, A MARYLAND
,CORPORATION, IN THE AMOUNT OF $133, 500 AND
DIRECTING MAYOR AND CLERK TO EXECUTE NECESSARY
'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 Realty Income Corporation, a Maryland
Corporation, in the amount of $133, 500 . 00, and .
WHEREAS, a public hearing was' held on October 26,. 2015 at
5: 30 p.m. in the Harold E. Getty Council Chambers, City Hall,
Waterloo,. Iowa, a's 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 Realty Income Corporation, and
WHEREAS, it is 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
October 9, 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 Realty Income Corpo"ration, y.to "purchase
real property for the sum of $133, 500 . 00, be and it is hereby
accepted for real property described below:
' THAT PART OF THE EAST HALF (1/2) OF SECTION TWO (02) ,
TOWNSHIP EIGHTY-EIGHT NORTH (T88N) , RANGE THIRTEEN WEST
(R13W) OF THE °FIFTH PRINCIPAL MERIDIAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY,,. IOWA, "DESCRIBED AS FOLLOWS:
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BEGINNING AT THE MOST WESTERLY CORNER OF' PARCEL "C",
DOCUMENT NO. . 2005-26829 IN THE BLACK HAWK COUNTY RECORDER' S
OFFICE; THENCE S41050118"E FIFTY AND THIRTY-THREE HUNDREDTHS
(50 . 33) FEET ALONG THE SOUTHWEST LINE OF SAID PARCEL "C" TO
THE MOST NORTHERLY CORNER OF ,TRACT DESCRIBED IN DOCUMENT NO.
2006-21626 IN SAID RECORDER' S OFFICE; THENCE S48 °05 ' 40"W ONE
HUNDRED SEVENTY. AND FORTY HUNDREDTHS (170 . 40) FEET ALONG THE
NORTH LINE OF SAID TRACT TO THE MOST WESTERLY CORNER OF SAID
TRACT; THENCE N41055' 14"W FIFTY AND THIRTY-THREE HUNDREDTHS
(50 . 33) FEET ALONG THE NORTHWESTERLY EXTENSION OF THE
SOUTHWEST LINE OF SAID TRACT TO THE SOUTHWESTERLY EXTENSION
OF THE NORTHWEST LINE OF AFORESAID PARCEL "C"; THENCE
N48005138"E ONE HUNDRED SEVENTY AND FORTY-EIGHT HUNDREDTHS
(170 . 48) FEET ALONG SAID SOUTHWESTERLY EXTENSION TO THE
POINT OF BEGINNING CONTAINING 8578 SQUARE FEET. SUBJECT TO
THE RETENTION OF A UTILITY EASEMENT OVER, UNDER AND UPON THE
NORTHWESTERLY TWENTY-FIVE (25) FEET OF THE ABOVE DESCRIBED
AREA.
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3 . That the City of Waterloo, Iowa convey said parcel of
real property to Realty Income Corporation by deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver said deed to Realty Income Corporation.
5 . That the original- of said deed fully executed and
acknowledged is hereby approved and confirmed by this Council.
6. That the City Clerk is authorized and directed` to
deliver said deed off conveyance to Realty Income Corporation upon
receipt in the sum of $133, 500 . 00 .
PASSED AND ADOPTED this 26th ,day`of, October 2015 .
, r 3
Quentin Hart, Mayor Pro Tem
ATTEST
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