HomeMy WebLinkAbout2020-162-03/09/2020 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-162
RESOLUTION APPROVING THE EXCHANGE AGREEMENT
AND ASSIGNMENT OF REAL ESTATE CONTRACT WITH L
& H FARMS, LTD., FOR THE ACQUISITION OF PROPERTY
IN BLACK HAWK COUNTY AND EXCHANGE OF
PROPERTY IN THE SAN MARNAN TIF DISTRICT IN THE
AMOUNT OF $1,696,636.60, FOR 47.17 ACRES AND UP TO
$10,000 IN CLOSING COSTS, 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 Exchange Agreement, dated March 9, 2020, for the acquisition of 47.17 acres of land in
Black Hawk County, in the amount of$1,696,636.60, and up to $10,000 in closing costs, in
exchange for property in the San Marnan TIF District, and, legally described as follows:
"DEVELOPMENT LAND PARCEL" LEGAL DESCRIPTION:
GRANTOR'S REMAINING LAND IN THE NORTH HALF OF THE
SOUTHWEST QUARTER(N1/2 SW'/) IN SECTION NO. 9, TOWNSHIP NO.
88 NORTH, RANGE NO. 13 WEST OF THE FIFTH PRINCIPAL MERIDIAN,
BLACK HAWK COUNTY, IOWA, EXCEPT THAT PART THEREOF
CONVEYED TO THE CITY OF WATERLOO IN A DEED FILED MARCH 14,
2012 AS DOC.NO. 2012-16922 AND EXCEPT THAT PART THEREOF
DESCRIBED IN A DEED DATED APRIL 29, 1996 AND FILED MAY 1, 1996,
AT BOOK 567 LAND DEEDS AT PAGE 633 AND EXCEPT THAT PART
THEREOF DESCRIBED IN A DEED DATED APRIL 4, 1997 AND FILED
APRIL 4, 1997 AT BOOK 569 LAND DEEDS AT PAGE 042, AND EXCEPT
THAT PART THEREOF DESCRIBED IN A DEED DATED MAY 27, 2016
AND FILED JUNE 1, 2016 AS DOC.NO. 2016-20467 AND EXCEPT THAT
PART THEREOF DESCRIBED IN A DEED DATED MARCH 6, 2018 AND
FILED APRIL 12, 2018 AS DOC. NO. 2018-16547 ALL FILED IN THE
OFFICE OF THE BLACK HAWK COUNTY RECORDER;
AND
THE NORTH HALF OF THE SOUTH HALF OF THE SOUTHWEST
QUARTER(N'h S'/z SW 1/4) IN SECTION NO. 9, TOWNSHIP NO. 88 NORTH,
RANGE NO. 13 WEST OF THE FIFTH PRINCIPAL MERIDIAN, BLACK
HAWK COUNTY, IOWA, EXCEPT THE WEST 385 FEET THEREOF;
AND
THE SOUTH 103.6 FEET OF THE EAST ONE-HALF OF THE NORTHWEST
QUARTER OF SECTION NO. 9, TOWNSHIP NO. 88 NORTH, RANGE NO.
13 WEST OF THE FIFTH PRINCIPAL MERIDIAN IN BLACK HAWK
COUNTY, IOWA.
SUBJECT TO EASEMENTS, RESTRICTIONS, COVENANTS, ORDINANCES
AND LIMITED ACCESS PROVISIONS OF RECORD AND NOT OF
RECORD.
Resolution No. 2020-162
Page 2
"FARM LAND PARCEL"LEGAL DESCRIPTION:
THE SOUTHWEST QUARTER OF SECTION 32, TOWNSHIP 87 NORTH,
RANGE 13 WEST OF THE 5TH P.M., IN BLACK HAWK COUNTY, IOWA
(CONTAINING APPROXIMATELY 149.06 TILLABLE ACRES).
between L &H Farms, Ltd., and the City of Waterloo, Iowa, is hereby approved.
PASSED AND ADOPTED this 9th day of March 2019.
Quentin Hart, Mayor
ATTEST:
YU/LW 0-4 ttA
Kelley FelchleC
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. 2020-162 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 9th day of March 2020.
Witness my hand and seal of office this 9th day of March 2020.
elley Felchle
City Clerk
SEAL