HomeMy WebLinkAbout2012-471-05.21.2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2012-471
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF A PORTION OF CITY -OWNED
PROPERTY GENERALLY LOCATED AT 2277 NORTHEAST
DRIVE TO R & N INVESTMENT PROPERTIES, LLC,
FOR $1.00, 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 parcel of real
property in the sum of $1.00, has been made by R & N Investment
Properties, LLC, and
WHEREAS, a public hearing was held on May 21, 2012, 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 R & N Investment Properties, 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 May
18, 2012, 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 R & N Investment Properties, LLC, to
purchase real property for the sum of $1.00, be and it is hereby
accepted for real property described below:
THE NORTH TWO HUNDRED FORTY-FIVE (245) FEET OF THE EAST NINETY-
FIVE (95) FEET OF LOT 11 OF NORTHEAST INDUSTRIAL PARK PLAT NO. 3,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
3. That the City of Waterloo, Iowa convey said parcel of
real property to R & N Investment Properties, LLC, by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to R & N Investment Properties, LLC.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
PASSED AND ADOPTED this 21st day of May, 2012.
17/7ces-E C C.zrk
sICNEO
Ernest G. Clark, Mayor
ATTEST:
Suzy Schares, CMC
City Clerk