HomeMy WebLinkAbout2014-813-09/15/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2014-813
RESOLUTION APPROVING EXCHANGE AGREEMENT WITH
L AND H FARMS, LTD. AND ASSIGNMENT OF OFFER
TO BUY REAL ESTATE AND ACCEPTANCE AND
DIRECTING EXECUTION OF SAID DOCUMENTS BY
MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Exchange Agreement and Assignment of Offer to Buy Real
Estate and Acceptance dated September 15, 2014, for the
acquisition of property in Black Hawk County for exchange of
property in the San Marnan TIF District, in the amount of
$131, 949. 00 for 2 . 75 acres of land in September, 2014, plus up to
$10, 000 . 00 in closing costs, legally described as follows :
The North 4 of the Southwest Quarter of the Southeast
Quarter (N 4 SW 4 SE 4) of Section 10, Township 87
North, Range 14 West of the 5th P.M. in Black Hawk
County, Iowa, except the highway and adjoining public
right-of-way (9. 325 tillable acres, more or less) ;
by and between L and H Farms, Ltd. of Waterloo, Iowa and the City
of Waterloo, Iowa, be and the same is hereby approved, and the
Mayor and City Clerk authorized to execute the same in behalf of
the City of Waterloo, Iowa. -
PASSED AND ADOPTED this 15th day f September, 2014 .
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E st G. Clark, Mayor
ATTEST:
Suzy Schres, CMC
City Cleitk