HomeMy WebLinkAbout2019-834-11/04/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-834
RESOLUTION APPROVING A REAL ESTATE PURCHASE
AGREEMENT WITH PETCOR N. A. CORPORATION, IN THE
AMOUNT OF $13,386.14 PLUS UP TO $5,000 IN CLOSING
COSTS, TO ACQUIRE APPROXIMATELY 2.05 ACRES
ALONG NORTHEAST DRIVE, AND AUTHORIZING 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 November 4, 2019, between Petcor N. A.
Corporation of Reinbeck, Iowa and the City of Waterloo, Iowa, for property legally described as
follows:
LEGAL DESCRIPTION PARCEL "C":
THAT PART OF THE NORTHEAST QUARTER OF THE NORTHEAST
QUARTER OF THE SOUTHWEST QUARTER, AND THAT PART OF THE
NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE
SOUTHEAST QUARTER, ALL IN SECTION 20, TOWNSHIP 89 NORTH,
RANGE 12 WEST OF THE 5TH P.M., BLACK HAWK COUNTY, IOWA,
LYING WESTERLY OF A LINE PARALLEL WITH AND 75 FEET WEST OF
THE CENTERLINE OF NORTHEAST DRIVE, AND LYING SOUTHERLY OF
THE UNION PACIFIC RAILROAD RIGHT-OF-WAY, MORE
PARTICULARLY DESCRIBED AS COMMENCING AT THE NORTHEAST
CORNER OF THE SOUTHWEST QUARTER OF SAID SECTION 20;
THENCE S 0°18'04" E 663.33 FEET TO THE SOUTHEAST CORNER OF THE
NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF THE
SOUTHWEST QUARTER OF SAID SECTION 20 AND THE POINT OF
BEGINNING; THENCE N 89°35'45" W 575.62 FEET ALONG THE SOUTH
LINE OF SAID NORTHEAST QUARTER OF THE NORTHEAST QUARTER
OF THE SOUTHWEST QUARTER TO THE SOUTH RIGHT-OF-WAY OF
THE UNION PACIFIC RAILROAD; THENCE N 79°44'24" E 996.48 FEET
ALONG SAID SOUTH RIGHT-OF-WAY LINE TO THE WEST RIGHT-OF-
WAY LINE OF NORTHEAST DRIVE; THENCE S 0°13'40" E ALONG SAID
WEST RIGHT-OF-WAY 84.39 FEET TO THE END OF CURVE ON SAID
RIGHT-OF-WAY; THENCE SOUTH 98.02 FEET ALONG A 502.96 FOOT
RADIUS CURVE, CONCAVE WESTERLY, SAID CURVE HAVING A 97.87
FOOT CHORD BEARING S 5°20'27" W, TO THE SOUTH LINE OF THE
NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE
SOUTHEAST QUARTER OF SAID SECTION 20; THENCE N 89°57'35" W
396.16 FEET ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER
OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER TO
THE POINT OF BEGINNING, CONTAINING 2.058 ACRES AND IS
SUBJECT TO EASEMENTS AND RESTRICTIONS OF RECORD.
in the amount of$13,386.14, plus up to $5,000.00 in closing costs,to acquire approximately 2.05
acres along Northeast Drive, 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 4t1 day of November 2019.
Resolution 2019-834
Page 2
• 41ii
- Quentin Hart, Mayor
ATTEST:
t . .. AtiL JIA
Kelley Felchle
City Clerk
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. 2019-834 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 4th day of November 2019.
Witness my hand and seal of office this 4th day of November 2019.
iLy/
elley Felchle
SEAL City Clerk