HomeMy WebLinkAbout2008-731-8/25/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulbbtry
Street, Waterloo, Iowa.
RESOLUTION NO. 2008-731
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF FIRE STATION NUMBER 8 GENERALLY
LOCATED AT THE NORTHWEST CORNER OF LAPORTE
ROAD AND SAN MARNAN DRIVE FOR $2 . 1 MILLION,
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 parcels of real
property in the sum of $2 . 1 million, plus costs, has been made by
First Equity Acquisitions, LLC, and
WHEREAS, a public hearing was held on August 25, 2008, 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 First Equity Acquisitions, 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
August 15, 2008, 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 First Equity Acquisitions, LLC to
purchase real property for the sum of $2 . 1 million, and costs, be
and it is hereby accepted for real property described below:
That part of the Northeast Fractional '�-4 of Section 2,
Township 88 North, Range 13 West of the 5th Principal
Meridian, Waterloo, Black Hawk County, Iowa, described
as follows :
Commencing at the Northwest corner of said Northeast
Fractional ;-4; thence North 89°55' 33" East along the
North line of said Northeast Fractional � a distance of
1200 . 35 feet;
thence South 00°04127" East 134 . 75 feet to the
Northerly corner of Parcel "F", Plat of Survey in the
Northeast Fractional 14 of Section 2-88-13 recorded in
Book 574, Page 153 in the Black Hawk County Recorder' s
Office;
thence South 33057' 15" East along the Northeasterly
line of said Parcel "F" 520 . 00 feet to the Easterly
corner of said Parcel "F" and the point of beginning;
thence continuing South 33057' 15" East 153 . 50 feet;
thence South 48012' 36" West 217 . 80 feet;
'4e ofiba�ion No. 2008-731
S
C S E-- ;S
4-hence North 41°27' 52" West 155 . 15 feet to the
x Ce inning of a curve to the right, said curve having a
oco za:dius of 680 . 00 feet, concave Northeasterly;
x ¢ �
cc
v' " d ;tt pnce Northwesterly along said curve 54 . 67 feet
s 7siv,xhrough a central angle of 4 °36' 23" and having a chord
F� s c6e',aring North 39°09' 56" West 54 . 66 feet to the
4thwesterly corner of said Parcel "F";
o x "7
s <¢ .
s Z thence North 61°58151" East along the Southeasterly
Qine of said Parcel "F" 242 . 31 feet (242 . 29 feet
ra ¢ s record) to the point of beginning.
o < [7x
d containing 0 . 953 acres, more or less, all in the City
co
� rnrof Waterloo, Black Hawk County, Iowa.
ti That the City of Waterloo, Iowa, convey said parcels of
eal V,roperty to First Equity Acquisitions, LLC by Deed.
c That the Mayor and City Clerk are hereby authorized to
vitpsu-te and deliver deed to First Equity Acquisitions, LLC.
T That the original of said deed fully executed and
,a rrowledged is hereby approved and confirmed by the Council .
oT
� sx
"� . That the City Clerk is authorized and directed to
d�� r said deed of conveyance to First Equity Acquisitions, LLC
u 0-; eceipt of the sum of $2 . 1 million, and costs .
PASSED AND ADOPTED this 25`h day of August, 2008 .
im Hurley, Mayo
ATTEST:
Nancy E rt, CMC
City C1