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Home My WebLink About2007-450-6/4/2007 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, WaterlDo, Iowa. RESOLUTION N0. 2007-450 RESOLUTION FIXING THE TIME AND PLACE OF HEARING AND NOTICE TO BE GIVEN ON THE PROPOSED DEVELOPMENT AGREEMENT WITH CRYSTAL DISTRIBUTION SERVICES, INC. TO PURCHASE FOR $46, 650 . 00 CITY- OWNED PROPERTY GENERALLY LOCATED IN THE FORMER RATH AREA, INCLUDING FORMER BAR BUILDING, ALONG WITH PORTIONS OF THE FORMER RAILROAD LAND AND A VACANT LOT AS JUNE 18, 2007, AT 5 : 30 P.M. IN CITY HALL COUNCIL CHAMBERS, WATERLOO, IOWA AND INSTRUCTING THE CITY CLERK TO PUBLISH THE NOTICE OF HEARING. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, AS FOLLOWS: Section 1 . That the Council of the City of Waterloo, Iowa shall meet at City Hall Council Chambers in the City of Waterloo, Iowa at 5 : 30 p.m. on the 18th day of June, 2007, for the purpose of considering and acting upon a proposed Development Agreement with Crystal Distribution Services, Inc. to purchase for $46, 650. 00 city-owned property generally located in the former Rath area, including former bar building, along with portions of the former railroad land and a vacant lot, and legally described as follows: Riverside Addition all of Lot 2 Block 3 Northwest 13 . 5 feet Lot 3 Block 3, and Riverside Addition Southeast 40 feet Lot 3 Block 3 Lot 4 Block 3 Lot 5 Block 3, and Riverside Addition Lot 1 Block 3 except Northeast 104 . 1 feet all vacated alley in Block 3, and Riverside Addition Southwesterly 44 . 1 feet Northeasterly 104 . 1 feet Lot 1 Block 3, and Riverside Addition Northeast 60 feet Lot 1 Block 3, all in the City of Waterloo, Black Hawk County, Iowa . Former Canadian National Property A parcel of land situated in part of the former Beltline Railway in Riverside Addition in the City of Waterloo, County of Black Hawk, State of Iowa, more particularly described as follows : Commencing at the Southeasterly corner of Lot 5 of Block 3 of Riverside Addition thence North 720 (Degrees) 40' (Minutes) 00" (Seconds) West (assumed bearing for the purpose of this description) on the Southerly line of Lots 5, 4, 3 and 2 of said Block 3, also being the present Northeasterly right-of-way line of Sycamore Street, 241 . 97 feet to the Southwesterly corner of said Lot 2, also being the Southeasterly line of the former Beltline Railway, the point of beginning of the parcel herein described; thence continuing North 72°40100" West on the present Northeasterly right-of- way line of Sycamore Street, 103 . 45 feet to the Southeasterly corner of Lot 7 of Block 2 of Riverside Addition, also being the Northwesterly line of the M 71- CQ N P�spkitiF 2007-450 ,-P c r < s sc — < ,^. r H rr � < ern ~~ < ` s - -f'V�1 = Beltline Railway; thence Northeasterly on the coo- � - -, � , >E�stEr�y line of Lots 7 and 1 of said Block 2, also rbc r befit, the Northwesterly line of the former Beltline M m c n taiFlw�a_, being a 1, 104 . 27-foot radius curve concave ni F.. � y Ier,�hwesterly and having a 363 . 92-foot long chord CD t7 saY North 53011157 East, 365 . 58 feet (arc length m r7 n tta. AhenNortheasterly corner of Lot 1 of said Block 2, ,- � � < j a � teeing the present Southwesterly right-of-way line CD s m H ,`br Tq-4 ;vette Street; thence South 72046' 15" East on the Y' = o r-e-sit Southwesterly right-of-way line of Lafayette osreet 83 . 14 feet to the Northwesterly corner of Lot 1 ¢ � Q€ Beck 3 of Riverside Addition also being the � � ... � g N � � tasterly line of the former Beltline Railway; e < `v �6e�n(`i-Southwesterly on the Westerly line of Lots 1, 3 rrc m of said Block 3, also being the Southeasterly M in z f the former Beltline Railway, being a 1, 179. 27- ri r-: r c �-- < ... s ot —radius curve concave Northwesterly and having a 2':' 3-foot long chord bearing South 50030' 33" West, s 3 � feet (arc length) to the point of beginning. < H �tl_ ';t1:8Prvey containing 26, 956 square feet, or 0 . 62 acre, the City of Waterloo, Black Hawk County, Iowa. s - c G 7 'Section 2 . 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