HomeMy WebLinkAbout2014-582-07/07/2014 I '
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Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2014-582
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF A PORTION OF THE LA PORTE ROAD
FRONTAGE ROAD, GENERALLY LOCATED BETWEEN
EASTON AVENUE AND LORRAINE AVENUE, 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, and
WHEREAS, an offer to purchase said certain parcel of real
property has been made by Howard L. Allen Investments, Inc. in
the sum of $1. 00, plus costs, and
WHEREAS, a public hearing was held on June 16, 2014, 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 Howard L. Allen Investments,
Inc. , 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
June 6, 2014, 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 Howard L. Allen Investments, Inc. to
purchase real property for the sum of $1 . 00, and costs, be and it
is hereby accepted in accordance with the Development Agreement
for real property described below:
The West 67 feet of the East 100 feet of the North 5
acres of the South 10 acres of the Northwest ''i of the
Southeast Quarter of Section 36, Township 89 North,
Range 13 West, City of Waterloo, Iowa. And also, the
East 67 feet of Lots 1 and 2 of Sunkist Addition, City
of Waterloo, Iowa.
3. That the City of Waterloo, Iowa convey said parcel of
real property to Howard L. Allen Investments, Inc. by deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Howard L. Allen Investments, Inc.
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 Howard L. Allen Investments,
Inc. upon receipt in the sum of $1 . 00, and costs .
Resolution No. 2014-582
Page 2
PASSED AND ADOPTED this 7th day of July, 2014 .
(e2,14(111
nest G. Clark, Mayor
ATTEST:
uzy S, hares, C�-NTC
City C' erk
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