HomeMy WebLinkAbout2014-899-10/13/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-899
RESOLUTION APPROVING REAL ESTATE PURCHASE
AGREEMENT WITH ESTATE OF RAY FRANK CAGLEY OF
WATERLOO, IOWA AND DIRECTING EXECUTION OF
SAID AGREEMENT BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Real Estate Purchase Agreement dated October 13, 2014,
for the acquisition of the southerly 14 acres of 3730 Wagner
Road, parcel no. 8913-03-151-005, in the amount of $100, 000 . 00,
with up to $10, 000 . 00 in City environmental and closing costs,
and legally described as follows :
The Southerly 14 acres of parcel described as
following:
Beginning at a point on the West line of the Northwest
Section 3 Township 89 Range 13 which is 1177 . 69 feet
South of the Northwest corner of said Section 3 thence
North 89 Degrees 16 Minutes East 230 feet thence South
102 . 94 feet thence East 159 feet thence South 58 feet
thence East 354 . 78 feet thence South 1103. 01 feet to
the South line of the Northwest 41 of said Section 3
thence South 88 Degrees 59 Minutes West along said
South line 743 . 9 feet to the Southwest corner of the
Northwest k of said Section 3 thence North along the
West line of said Northwest i 1274 .21 feet to the point
of beginning except all highways Title #000714269378
VIN #FDMCXMU05650 Title 000714829505 VIN #6021L464
Title #000714818596 VIN #60128686, all in the City of
Waterloo, Black Hawk County, Iowa;
by and between the Estate of Ray Frank Cagley 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 13th day of October, 2014 .
rrnest G. Clark, Mayor
ATTEST:
Suzy Sc ares CMC
City Cl rk
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