HomeMy WebLinkAbout2020-523-07.13.2020Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-523
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY OWNED PROPERTY LOCATED AT
THE NORTHEAST CORNER OF COMMERCIAL STREET
AND 6TH STREET, IN THE AMOUNT OF $1.00, TO 6 COMM
PROPERTIES, LLC, INCLUDING AN AMENDMENT TO A
DEVELOPMENT AND MINIMUM ASSESSMENT
AGREEMENT, AND RESCINDING RESOLUTION NO. 2020-
226.
WHEREAS, the City of Waterloo, Iowa is the owner of real property located on the
northeast corner of Commercial and 6th Streets, in the City of Waterloo, Iowa, as described
below, and
WHEREAS, an offer to purchase said parcel of real property, in the amount of $1.00 has
been made by 6 Comm Properties, LLC, and
WHEREAS, a public hearing was held on July 13, 2020 at 5:30 p.m. in the Harold E.
Getty Council Chambers, 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 6 Comm Properties, LLC, and
WHEREAS, it is the opinion of this Council that the 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 real property located on the northeast corner of Commercial and 6th Streets, in the
City of Waterloo, Iowa, as fully described in the published notice in the Waterloo Courier on July
7, 2020, is not presently needed, and will not be needed in the foreseeable future for municipal
purposes, and its ownership is serving no municipal purpose.
2. That the offer of 6 Comm Properties, LLC, to purchase the property located on the
northeast corner of Commercial and 6th Streets, in the City of Waterloo, Iowa, for the sum of
$1.00, is hereby accepted for the real property legally described as follows:
PART Of LOTS 31 AND 32, AND VACATED ALLEY DESCRIPTION:
PART OF LOT 31 AND LOT 32 IN FRACTIONAL BLOCK 7, AND A1SO
THAT PART OF THE VACATED ALLEY BETWEEN FRACTIONAL
BLOCKS 7 AND 14, LYING WESTERLY OF THE EXISTING RAILROAD
RIGHT-OF-WAY, ALL PART OF THE ORIGINAL PLAT OF WATERLOO
ON THE WEST SIDE OF THE CEDAR RIVER, WATERLOO, IOWA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEASTERLY CORNER OF LOT 69,
FRACTIONAL BLOCK 14 OF THE SAID ORIGINAL PLAT OF WATERLOO
ON THE WEST SIDE OF THE CEDAR RIVER; THENCE N 41"47'17" E, 19.99
FEET ALONG THE WESTERLY LINE OF THE EXISTING RAILROAD
RIGHT-OF-WAY; THENCE N 51"55'16" W, 2.00 FEET; THENCE N 38"04'44"
Resolution 2020-523
Page 2
E, 11.36 FEET TO THE BEGINNING OF A NONTANGENTIAL 1,475.20
FOOT RADIUS CURVE; THENCE 41.86 FEET ALONG THE WEST LINE OF
THE EXISTING RAILROAD RIGHT-OF-WAY ALONG SAID CURVE,
CONCAVE SOUTHEASTERLY, WITH A DELTA OF 01"37'32", LONG
CHORD BEARS N 39"10'49" E, 41.85 FEET; THENCE N 48"42'16" W, 46.57
FEET TO THE BEGINNING OF A 60.75 FOOT RADIUS CURVE; THENCE
97.16 FEET ALONG SAID CURVE, CONCAVE SOUTHERLY, WITH A
DELTA 0?? 91"38'29", ANO THE LONG CHORD BEARS S 88°50'47" W,
87.13 FEET; THENCE S 43"34'50" W, 13.01 FEET TO THE NORTHERLY
LINE OF LOT 70 OF FRACTIONAL BLOCK 14 OF THE SAID ORIGINAL
PLAT OF WATERLOO ON THE WEST SIDE OF THE CEDAR RIVER;
THENCE S 48°05'18' E, 115.40 FEET ALONG THE NORTHERLY LINE OF
SAID LOT 69 AND LOT 70 TO THE POINT OF BEGINNING.
3. That the City of Waterloo, Iowa conveys said parcel of real property to 6 Comm
Properties, LLC, by quit claim deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said quit claim deed fully executed and acknowledged, is hereby
approved and confirmed by this Council.
6. That the Community Planning and Development Director is authorized and directed to
deliver said deed of conveyance to 6 Comm Properties, LLC, upon receipt of the sum of $1.00.
PASSED AND ADOPTED this 13th day of July 2020.
Quentin Hart
Quentin Hart, Mayor
ATTEST:
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
Resolution 2020-523
Page 3
CERTIFICATE
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2020-523 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 13th day of July 2020.
SEAL
Witness my hand and seal of office this 13th day of July 2020.
Pe, /. �Vev
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk