HomeMy WebLinkAbout2012-515-05.29.2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-515
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF A PORTION OF CITY -OWNED
PROPERTY GENERALLY LOCATED AT THE
INTERSECTION OF ALMOND STREET AND LOGAN
AVENUE TO FEPH-ACQUISITIONS FUND II, LLC,
FOR $1.00, 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,
A portion of the right of way of Almond Street, in Cooley's
Addition, City of Waterloo, Black Hawk County, Iowa, and
more particularly described as follows:
BEGINNING AT THE POINT OF INTERSECTION OF THE SOUTH
RIGHT OF WAY LINE OF ALMOND STREET WITH THE
NORTHEASTERLY RIGHT OF WAY LINE OF WALNUT STREET, SAID
POINT BEING NORTH 89°41'45"WEST, 236.86 FEET FROM THE
NORTHEAST CORNER OF BLOCK 70 IN SAID ADDITION, AND SAID
POINT ALSO BEING THE POINT OF BEGINNING; THENCE
CONTINUING NORTH 89°41'45" WEST ON SAID SOUTH RIGHT OF
WAY LINE, 91.06 FEET TO THE EAST RIGHT OF WAY LINE OF
MULLAN AVENUE AND THE BEGINNING OF A 289.14-FOOT RADIUS
CURVE CONCAVE SOUTHEASTERLY AND HAVING A LONG CHORD OF
23.46 FEET BEARING NORTH 42°25'07" EAST; THENCE
NORTHEASTERLY ON THE ARC OF SAID CURVE,23.46 FEET TO
THE BEGINNING OF A 10.00-FOOT RADIUS CURVE CONCAVE
SOUTHERLY AND HAVING A LONG CHORD OF 11.54 FEET BEARING
NORTH 79°59'50 EAST; THENCE EASTERLY ON THE ARC OF SAID
CURVE, 12.31 FEET; THENCE SOUTH 64°44'56"EAST, 24.04
FEET TO THE BEGINNING OF A 100.00-FOOT RADIUS CURVE
CONCAVE NORTHERLY AND HAVING A LONG CHORD OF 43.20 FEET
BEARING SOUTH 17°13'21"EAST; THENCE EASTERLY ON THE ARC
OF SAID CURVE, 43.54 FEET TO THE POINT OF BEGINNING.
DESCRIBED PARCEL CONTAINS 0.02 ACRES (807 SQ. FT.
and
WHEREAS, an offer to purchase said certain parcel of real
property in the sum of $1.00, plus costs, has been made by FEPH-
Acquisitions Fund II, 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, 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 FEPH-Acquisitions Fund II, LLC to
purchase real property for the sum of $1.00, and costs, be and
it is hereby accepted for real property described below:
3. That the City of Waterloo, Iowa convey said parcel of
real property to FEPH-Acquisitions Fund II, LLC, by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver said deed to FEPH-Acquisitions Fund II, LLC.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to deliver
said deed of conveyance to FEPH-Acquisitions Fund II, LLC, upon
receipt of the sum of $1.00, and costs.
PASSED AND ADOPTED this 29th day of May 2012.
ATTEST:
�rtnEs+ a. CQ.a.i-1z SIGNEDA
Ernest G. Clark, Mayor
Suzy Schares, CMC
City Clerk