HomeMy WebLinkAbout2012-132-02/13/2012 Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703 .
RESOLUTION NO. 2012-132
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF A PORTION OF CITY-OWNED
PROPERTY GENERALLY LOCATED AT 218 WEST MULLAN
AVENUE TO IOWA COMMUNITY CREDIT UNION, F/K/A/
WATEL CREDIT UNION, FOR $50, 000 . 00, PLUS
COSTS, AND AUTHORIZING 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 in the sum of $50, 000 . 00, plus costs, has been made by
Iowa Community Credit Union, f/k/a Watel Credit Union, and
WHEREAS, a public hearing was held on February 13, 2012, at
5 : 30 p.m. in the Council Chambers in 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 Iowa Community Credit Union, f/k/a Watel
Credit Union, 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
February 6, 2012, 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 Iowa Community Credit Union, f/k/a
Watel Credit Union, to purchase real property for the sum of
$50, 000 . 00, and costs, be and it is hereby accepted for real
property described below:
Abutting Land
The Northwesterly ninety ( 90) feet of Lot 29, except
the Northwesterly one and one-half (11�) feet thereof,
in "Auditor' s Falls Avenue and Mullan Avenue Plat, " in
the City of Waterloo, Black Hawk County, Iowa.
3 . That the City of Waterloo, Iowa convey said parcel of
real property to Iowa Community Credit Union, f/k/a Watel Credit
Union, by deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Iowa Community Credit Union, f/k/a
Watel Credit Union.
5 . That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council .
Resolution No. 2012-132
Page 2
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to Iowa Community Credit Union,
f/k/a Watel Credit Union, upon receipt of the sum of $50, 000 . 00,
and costs .
PASSED AND ADOPTED this 13th day of February, 2012 .
E est G. Clark, ayor
ATTEST:
uzy Sch res, CMC
City Cle k
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