HomeMy WebLinkAbout2019-455-06/17/2019 (RECORDED) !IIlIllhI!I/III/I/I/IIII!II//IllhlIIiIllhIllIllhIi/JIIIllhiIliIilliiii
IIIIIIIIIIIIII
ID: 009814520009 TVpe: GEN
Recorded: 04/30/2020 at 11:39:36 AM
Fee Amt: $g7,00 Pape 1 of 9 Black Hauk County Iowa
SANDIE L. SMITH RECORDER
File2020-00018883
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703.
RESOLUTION NO. 2019-455
RESOLUTION APPROVING THE PROPERTY EXCHANGE
AGREEMENT WITH THE SALVATION ARMY, AND
AUTHORIZE THE MAYOR AND CITY CLERK TO EXECUTE
SAID DOCUMENT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the Property Exchange Agreement dated June 17, 2019, for the exchange of land owned by the
Salvation Army on East 7th Street and land owned by the City of Waterloo, Iowa, and legally
described as follows:
LEGAL DESCRIPTION OF SALVATION ARMY PROPERTY
ORIGINAL PLAT WATERLOO EAST ALL LOTS 1 AND 4 BLK 41 EXC
COM AT A PT ON NE LINE LOT 141 FT SE OF MOST NLY COR TH SW
120.25 FT TO A PT ON SW LINE LOT 4 30 FT SE OF MOST WLY COR LOT
4 TH 30 FT NW TO MOST WL Y COR SAID LOT TH 120 FT NE TO MOST
NL Y COR LOT 1 TH SE 41 FT TO BEG SE 120 FT LOT 5 BLK 41 SE 120 FT
LOT 8 BLK 41 SE 120 FT LOT 9 BLK41
LEGAL DESCRIPTION OF CITY PROPERTY
AUDITOR RAINBOWS REPLAT LOT 18 (PARCEL 8913-23-429-022)
AND
AUDITOR RAINBOWS REPLAT ALL LOT 14 EXC N 126 1/2 FT LOT 24
(PARCEL 8913-23-429-023)
AND
AUDITOR RAINBOWS REPLAT W 32 FT N 155 FT LOT 13 (PARCEL 8913-
23-429-011)
by and between the Salvation Army and the City of Waterloo, Iowa, be and the same is hereby
approved, and the Mayor and City Clerk are authorized and directed to execute said document on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 17th day of June 2019.
—
Quentin Hart, Mayor
ATTEST:
ell Felchle
City Clerk
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gROPMITY,EiCHANGE A9REEJVIEN'r ...1
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:i This Propeity xchange Agreement (the.9Agreetnent ) icinade and:entered into as.of
, 019 by and between the Salvation Anny ("SR) ,and the City Of
Atateikoo,,loWaFr"04").
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A. SA. is'the .ownei of eertain.real Preperity located within the.city:ig-wate400,
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locally known as 415 B, 7th. Street, which City desires to ,acquire for• , .
redevelopment or MuniCipal:ithe.(the'SA PropettY"),which is legally described as
setibidi on:Exhibit"A",at.taehed hereto. i
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1 B. City it the oWner .of Oh* real proierty which SA, desires 16' *mire for
1 redevelopment (the"City Property"), locally lmown as ptirce4494..$2,1 =-23-429-
I 011, 8'913r23-429-o22 and 8913-.23429-023, which is legally described as set
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nith atilihiliit"B"attached hereto ' ' ' .
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C. Each party desires to exchange its respective property With tlid,otlier.party on the
t terins,a'etIOrth.Mtkis Agreement.
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R. CitYbelieVeS that thepropettkexpliangeis in.thepnblie interest and is reasonably
expeefec1M'accomplish apnbliefpnrPOse. i
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AORBEMESIT 1 .
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NOW,THEREFORE,in consideration of the mutualpiornises exchanged iieXia.Yetween.
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the parties ,and for other' ,consideration, the 'it.teeiPt and sufficiency of which are hereby
aelMoWledged,lheparties•agi-:ee tafciliOyiprt: t
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1. Possession and Closing Ifleachparty timely performs all obligations set'forth in
this Agreement,it'ShallireceiVe posSessiowef 04..9 other PaltY.'6 Pr§.Perty ar lOgii.4, The purchase
price for the'City Property shall be 11.00, and the purchase price Or The SA Property sltalf;be
$200;0.00.00. "CloStfr shall,occur at the**Hest practicable date within forty-five (45) days
atter approval of OS Agreement by the Waterloo City 'Council, but in any event after the
approval of title Ad.flyei'SA'Property by.city,.approval of title to the City Properly by$4; and
satisfactibt4-WaiverfifcoutingencieS, if any. At Closing, each iattY'deli.VOtelhe other party
the fullpurehaSe prieetot-thepropetty tote acquired,hereunder,:andeaphpariy,..Shell..cenvey fee
simple title of itt'iesPeetiVe PrOP6rtY:tO•the ether party by special Warranty-deedifree 01-0.:pleft'i.;:if
all liens, claims,.and,eneumbrances eXeepti(OcaSements,•COnditions,.and restrictions of reCOrd;
(b)general iitiiity..ahilt4it-df-Avity easements serving the.respective prcpprtnitrig.,(0restrioticiq
imposed by local zoning ordinances and other applicable laW., Bach patty shall, at,its own
expense, deliver to the,biller,an.abstract of title for its respective property; updated.to a date .
Within..sixty (60)'days'of CloSing. The abstract shall show marketable'titiblin,City or SA, as
appropriate, in.cOnforniitY with this'IAgreernAti Iowa law, and title standards of the Iowa State
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Bar Ass odifition. The.p /eying petty Shall make every reasonaf3ie effort tO.piemptly perfect . ..
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title. If Closing •is,delay,ed due to either party's inability to provide inlarlietable title, this
Agreement shell continue'in force and effect.until-either, party rescinds: *a-Agree/tent after
.giving ten'clays' written notice to the other paity. QwnorshiP of abstracts Shill transfer with title.
1 Bach transferring party Shall pay the Celts of any additional abstracting uriuffle*ole for own
property ducto its.ol?,li'ectS or omissions.
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2. 001010n-of-Properties. Except as set forth in.thig Agreement., each-part-TWO'
convey its respective property to the other in"Ap-Is'! condition. ;Before the Closing Date, SA.
may remove from-0'0.:Propeity•any44(1. ell,personal property items located there*,but net.
fortur0 or items iliet,:'eroOtherwise attached to pre/rases. If any perSonatiu-operty reaping on
.! the SA Property afteriOlesitig,the same shag be.deppeti.ahaiidonedia4ity,.C...lty;i1i414-bedeeMed
to he the owner of same,and City shah be free to keep,Use,rephreoae,-eeiroridispogp of same as
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4. it SeeS fit in.the,epreiseof its sOle'cliscretion,Withoti any further eonmensatiOn'td1SA., : . .
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3, Atepr,eseetations and *Ettranti,ea of SA. iSA•hereby rotilres the: f011oWing
representations and warranties with respect to iteelf,ensithe,SA Property: Seicltetiresc*i044.
i and warranties are trueetitrCOirect'in elhaiateritil respeetal4ithe:orlate o:±7.tol.4greeterit and shall .
, 1 .be irile'aiid.cigrdpt:in all materitd respects as,tif Closing.
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*. There .are no tetiOnS, lividttitS:., j14,g9.1e,n4i lie* '014itst Phiiin i
investigations or othet;Preeeedinge fiellciiiii.§tt threatened'egeinit SA or the SA Property winch 1
relate-S.to.SA's ownerShiti,..roalritepance, or operation.of Ilie,'..'SA Profterty,and.rriiiitf,in any way
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eftietthe'SA Prepertytirthie tran.saction.
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B There are no elidink disputes, actions, or proceedingseistsing against or
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affecting the SA Property That relate to environmental laws or,pennits; SA lifis".-400eCeived
notice a.any actual or 'alleged violation of environmental laws or.peimita affecting the SA
Property, and there gee no hazardous plibateneee.oh the SA,PrOp,erty, SAis..nOt:sabjeCt to and is
not currently operating under any conIienoc-14.consent Order; schedule, de4ce, Or agreement ••
issued ortaterediritOUntleFen3i.emriroornentallaw. /
C. iSkliaP ItdviSq4 to.'01:tYHa•copy of Ali iiiiiiOnniental repoits, surveys or
studies in its..poasepojon In.ye.speett,of th.d:SA.propettk,it'll,*
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A The !ffitepution, delivery and perfermatrop‘..,of tlits Agreement...end the,
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Closing Will net conflict WithartYprOVitalki.ef laWapplitable to SA tor teat many breach of
enyproVision of or cenStitaterkdefattit uokany agreement or inStre*ent to Whia,h,4x i,o,a:party
.and-WhiChWOulcl affect&markciability tif.title or(ity's traeof the BA Propel*.
! .,E. SA is not prohibited from consummating the transactioi contemplated in
Ihie..Agreernent by anyfrov;-regiwtion,'agreeinent,tinstruMenti.reitriotion,•orderibrjOdginent
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i?; OA;has the right,power and authority tr ,entetifito:thid.kgreeMent and.to
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performthe terms of this.AgreemenI, and the officers of SA axe duly authorized to execute and
degyee.diis AgreementandanY 44 all 0:444.0uts...conteniiied theieliy. 1
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4. Representations and Warranties .of City. City hereby makes the followin' g
i representations and warranties with respect to itself and the City Property Said.-represaidations
and warranties are true and correct in all Material respects on the date of the 4greemeitt and shall
ho tam andentreet_In all naatelial-respects;as-of qlosing.I
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A. :There." are no dation% lawsuits, ..idgelenta, liefia, mks; claims,
• investigations or other proceedings pending orthreatened-against City or the CitY;Property whirl
1 0 relate to City's ownership, maintenance, Or operation of the City Property or rightin any way
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' 1 affeCt the CityPropeity. this transaction.
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B. There are no.clairns,.clisplites.,.actions,,or preceedingsigadating ag. ains t or
affecting the City Property that relate to environmental iinkt or permits, City has not received
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,„naticc of any actual or alleged violation, of enviroomentaklews or permits affecting the City
Popery, and there are no.1-itflo4,*.substances-on the City,-Prepetty. City is,liet subject to and
ia?not currently.operating under any coinplienek or consent order,schedule,decree; kagreeinent
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issuedor enteredinto tinderany enViremneritai laW. 1
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C. 1;City hiss provided to SA, :a copy of:all.environniental'reperts, surveys or
studies in its ppsae.ogiAiiig ikiotti of filo,Oitytiopeity-,if any:
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I/ There.fireilateneraPprOperty taxes or speciaLassessmen tipreOntlY due or
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payable in respecitatOr0.1,-er9Pe4Y:. 4
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E. EalloWiltig approval of Agreement by the City.CofniejliqtY shall have
the right, power,and authority to titter into'this Agreeraerit and to perform the terms.of this, I
Agreement.
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F. , polloviipg apprevarg.Na AgeententbY the'VitY-"Courpiti.th6 Otecutinn?
delivery and performance of-this Agreement and the Closing Will not conthet w:itik,p.tr provision
ofdanr,,applicablep City 01..1.0114in any breach of anyproViSion of or Censlitiite,a default under
the agreement or instrument to which City iS a party.andVfhioh would affect the Marketability of
title:cir'SA'snse of:the-City Propexty.
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G. q14r19..:40tptobili#01trotn..qonslutate:tut the transaction contemplated in
this Agreement by law,regulationi.agreement;instrUmentlestrietions.order;q04gMent.
Si pld9Otty To the.extent permitted by applicable-taw;SA and git,ir•Aqtql.tr agree
to indemnify and hold each other harmless:from and against and any all,claims, demands,
liabilities,losses,damages,lines,fees,penalties, costs and expenses, inelndini,bnp,notlimited to
reasonable attomey's'fees,,by reason of the iindemnifying parties'breach of any representation or
warranty eat•forthineither,Sention 3 OrSection 4 aboye,aaappiitable,or in Sdeticiii 7:halal*.
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6. Rear.,EState Taxes' and As getsin.c114 — City. Property• Theta areItolir(4.16ttir•
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taxes or special assessments payable in respect of the City Property SA shelilltaA all real estate
eta3ces•and special aSseSaments that beconie payable in respect Otte City PropuitylifterClosing.
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7. R.ealltstate Taxes and Assessments — SA PrOperly. SA?is:an entity exempt
#onitaxation.and there are no Property taxes or special asipasmentapaibleptespeCkOf,the SA
Pitierty, .In addition, all charges :for solid waste removal, SOWage, Maintenance and other
assessments that are attributable to SA's possession,including:those for whiCh.:assegathents arise
after Closing,shall-13.4paid by SA:
8, Transfer Tax. At Closing, SA shall PEay the real estate transfer tax payable in
connection with,the ttransfer of the SA Property to the City, if any, No real estate transfer tax is.
payable under InwelaWineormeetiraivgth-trasdo the'Citkl4dperty
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9, gisk.of Lass and Insurance. .SAshall bear the riskof loss oF damage to the SA,
property prior to Closing,and thy bear the risji of loss:or damage to the'.City Property prior •
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oee qn gt Each party shall insure itsr.e.tgetive-PtePertY An the mien* and to the extent
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10. Erivironitterital natters ach party shall provide to the Other at Closing
-properly exeented,grbundwiter hazard staternent-shOwing•no,wells,solid"4.Ste.:.disposal.
liarardOnf•waltes;and'inidergionad storage tanks on the property of e conveying party unless.
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30 day S after:the date of this Agreement, either party pay,Obtain, at its eerie *coat and
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expense,,a report from qualified.engnieet•-pr other Person:qualified to analyze the existence or
nature of any hazardous materials,snbstanbes,:conditions ox WaStes•locatciloniliepropertyter.be:
etiiivefka lb itby the Other party. The ovviibi shall cooperate inproviding.r#04414,accpss to
the other party'S:lnapeCtors and-engineers. In the event any hazardous materials,•snhataticeS,
Conditions•Or Wastes are discovered on the property, and if the owner is tonitecilo'!:05ipend,a4y
eon hi excess Of$500 to remove any hazardous materials, substances, conditions or wastes,the
owner shall have the.option.to cancel this transaction and declare this Agreementmll and void.
The expense of action necessary to remove or-otherwise make safe any hazardous
substances,conditiciii*WaSteshall'he paidby the property subject MISait1OWnek'S right
to cancel thislartniitietiol aS providedin this Section.
11. Defatig. If party alkir default prior to the Closing in soya,its respective
obligations under this Agreenient,the other party, by potiee,to'7snch defaulting Pfirty specifying
,the nature of the default and the date on which this Agreement shall't*InAt4(*tell:date shall
he not less:than. fourteen (14) days after the giving of such.notice), niak rerininate this
Agreement, and upon. such date, unless the default so specified atialt have been cured, this
Agreement shall tftnlinnre. Each party shall eiserheontitled to exercise any•other right or remedy
available under opillichhiplatit andtheprevalling•party shall itisb be entitled to obtain judgment
for its costs and reasonAleat'tOnreys'
12. Costs and3 ExPenses, Unless specifically provided to thel contrary in this
Agreardent,.eadhp,iirtk Shall hear all cost and expense of any type:or nature whatsoeVerrestilting
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from or arising ill'6611.11644 with any„lietien that is necessary or expedient for such party to
perfOrlifitt duties as provided in this Agreement,and neither party shall have any claim or right
of reimbursement or tetoffegainst the other for any such cost or expense,
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13.. Cocp'Iration. Eacitp#tyitgrees to cooperate in good faith.withlbeOther party in
I connection with.thelerfriiinance of the other partY's obligations hereunder or matters otherwise
dontemplatedherehy.
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1.4. No .Joint Tenfure, Nothing in this Agreement shall, or hell'be deemed or
ponstrued to, create Oi,eonstiMte any jOintr.'kenture,,Parlileral#, P,'agency,;.employment, or any
other relationship between the City and SA ticreate:any liability for one party with respect to.
the liabilities or obligations of the other party of any other person. I
15., Notices' Any notice under '64.41 Agreement-shall be 'in Writing and shall be tigivered2 in person, hY.overnight deliVerkatervice,.by miitpclstgo.register0 Or.certified mail,
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I postage prepaid, or by factiinile'(with an additional copy:delivered by one.4tho:fdregoifig
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mean ),and Odic:tie&
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If to Cify .a.t....7i5..,Mnibetty.Str_oet, *aterhio; J6,15070,3, 'Attention:.. 1
. 1 Mayor,with'eopyto.COrommu• ty Planning and Paimlopment Dirac. •tor.'
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(b) ,.4.f.to SA; at The Salvation Army, 5550 13tairie Stone Parlow, Hoffman
!EstateS,lL 60192
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)74eliyery oftotice thalthedeetned;to-occur(i)on the date.ofdeliVery When,deliy4fedirt person;
or.(4)-three.(3).baslifels,,days,folfowing the date of deposit if mailed by United registered
or oertied mail,postagefreptiti i
16. Aniendinerit;.Modification,-P134. Waiver. N0 aimdn:teat; zoOdifieatiPn, or
waiver of any condition, provision, or term of this Agreement shrill be valid br.,of any effect
unless made in Writing; signed by the patty*parties.to be bound or by is Ally authorized
representative, and specifying with particularity the e'x:•41t and: nature 'Of the "4. *13414
modification,or Weyer,Anywfifyqr,by.any party of any.defatilfptahother party shaltitotatteet '
of APO.ailY ri.ghts.ariarng'froln 4nY 00PeclOOt:default.
17. Sevm10' tY;leforrnation. Eaeh pnwision, teetion, Pei-nem-14j claliaei Agape, .
and word of this Agreement is iii±exiecr.to bp sevarahle. If any portion of this 4114foligetn.Oelt'be
deemed:invalid or tittOnfOOptible,whether gh whole of hi part, the offending provision or part thereof shall.be.deemed 'stvdt14 from this Agreement and the.,remaining provisions •of this
Agreement-Shall not be affected thereby and shall continuo.in full force and-effect If, for any
reason,a court fruit'that any portion Of this Agreement is invalid or unenforceable as written,but
that by limiting such provision.or pottiOnAherecif it woad become'Valid and enforceable,then
such provision or portion thereof shall be deemed to be Written, and shall;be construed and,
enforced;as to limited.
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IS. Survival. Each of the terms of this Agreement shall survive the Closing.
19. Captions. All captions, headings, or titles in the paragraphs or sections of this
Agreement are inserted only as a matter of convenience aucVor reference, and they shall in no
way be construed as limiting, extending, or describing either the scope or intent of this
Agreement or of any provisions hereof
20. Binding Effect. This Agreement shall be binding upon and shall inure to the
benefit of the parties and their respective successors,assigns,and legal representatives.
21. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original and all of which, taken together, shall constitute one
and the same instrument.
22. Entire Agreement. This Agreement; together with the exhibits hereto,
constitutes the entire agreement of the parties and supersedes all prior or contemporaneous
negotiations, discussions, understandings, or agreements, whether oral or written, with respect to
the subject matter hereof;
23. Time of Essence. Time is of the essence of this Agreement.
24. Disclaimer. The Purchase and Sale of said Properties are hereby subject to the
approval of the Board of Trustees located in Hoffrnan Estates, IL
IN WITNESS WHEREOF, the parties have executed this Property Exchange Agreement
by their duly authorized officers as of the date first written above.
THE SALVATION ARMY CITY OF WATERLOO, IOWA
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By: A{lt �j -1
By: t fl vrc �Zc 471?
Title: �i ii' Quentin Hart,Mayor
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The Salvation Army f Attest:L An Illinois Corporation_ lley Pele e,City Cleric
Bramwell E. Higgins NO'v 2' 2019
Secretary
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I, JaiiidiNAL ikkriiki*:06 EAsT-Atiterel:AhD;i:tiLloti OCOCOMATK,FttbiiiNt,014-E-LoT .
01:04.SE-OFIviciutiN:LY.ep:13,114::§w-140-420+7 TO ok.OT.04 01A9LINtilOT 4.:30f-T4a9...t V MOST
,,,..VULY ed-ft LOT a0#NIN It MOST WKeciR SAID LOT TM i, 0r T ;(0,toTriebtist IkS...dtik•
. ..,.,. ,.. , ,,.,... .... .... ,,, ..., -...r..„.....,. • , ...- . - - --- -
LOT 4 Pi SE 41.FT.,mo.go.,.wi?p FT:PrfiipLic 41 sgl2O'Fr LOT.8 81K41 8Et1cyFf LOP 9 itiLic
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WIMIT"119
t • • of City Propaily
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AUDITOR RAIINBOVVIROOLATLaftio:(130ede18.941,28-42§40.22)
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4Lir3iTortiNN130WOOLATALL Lac 14 EX:0,N 128:1/2.Fr 11,0p24(Oafael 82944.23 .
and
AUDITOR RAIN130yyPikkOPLATI/Va2 FT N 466 r1-LOT 13(pardpi•093P-4294.Q11)
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