HomeMy WebLinkAbout2006-209-03/20/2006 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2006-209
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF APPROXIMATELY 7 . 7 ACRES OF
PROPERTY GENERALLY LOCATED JUST SOUTH OF GRAY
TRANSPORTATION SITE IN THE NORTHEAST
INDUSTRIAL PARK 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 parcels of real
property in the sum of $1 . 00, plus costs, has been made by OFI
Properties, LLC, and
WHEREAS, a public hearing was held on March 20, 2006, 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 OFI 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 March
10, 2006, 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 OFI Properties, LLC to purchase real
property for the sum of $1 . 00, and costs, be and it is hereby
accepted for real property described below:
Northeast Industrial Park Plat No. 3 Lot 13
And
Northeast Industrial Park Plat 3 Lot 12 except that
part of Lot 12 contained in the following: Northeast
Industrial Park Plat 1 a parcel of land located in part
of Lots 6 and 7 in Northeast Park Plat 1 and part of
Lot 12 in Northeast Industrial Park Plat No. 3
described as follows : Beginning at the Northwest
corner of said Lot 6, thence North 89 Degrees 34
Minutes 40 Seconds East along the Northerly line of
said Lot 6 642 . 05 feet to the Northeast corner of said
Lot 6, thence North 89 Degrees 34 Minutes 40 Seconds
East 300 feet to the East line of said Lot 7, thence
South along East line said Lot 7 225 feet, thence South
89 Degrees 34 Minutes 40 Seconds West 360 feet, thence
South 285 feet to the Southerly line of said Lot 6
which is also the Northeast corner of said Lot 12,
thence South along the East line of said Lot 12 160
feet, thence South 89 Degrees 34 Minutes 40 Seconds
West 478 . 12 feet to the Westerly line of said Lot 12,
thence North 16 Degrees 47 Minutes 9 Seconds West along
the Westerly line of said Lots 12 and 6 380 . 77 feet,
T • _\ v
uFkessblthtion 2006-209
.�P,ac e
ti .
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77, D� vtuDence North along the Westerly line of Lot 6 304 . 67
wfPet to the point of beginning,
-
731xid
s 7:A=7 part of the Northwest of Section 20-89-12,
-� - <terloo, Black Hawk County, Iowa, described as
� 77 Allows:
5 ti .z-
< < ` , mmencing at the Southwest corner of Lot 13, Northeast
sdustrial Park Plat No. 3, Waterloo, Black Hawk
• -: --County, Iowa; thence North 30°39' 10" East along the
. , TWsterly line of said Lot 13 a distance of 5 . 00 feet to
`' - the point of beginning; thence North 30°39' 10" East
n < -al.ong the Westerly line of said Lot 13 a distance of
"146. 49 feet; thence North 16°47' 09" West along the
7- Westerly line of Lots 13 and 12 of said Northeast
a > ~Industrial Park Plat No. 3 a distance of 507 . 88 feet;
:thence South 06°42' 21" East a distance of 616. 47 feet
to the point of beginning.
- Phe North line of the Northwest of said Section 20 is
'assumed to bear North 89°44' O1" West .
'The City of Waterloo to retain a utility easement over,
Winder and above the Westerly 8 . 00 feet of the above
'` -,diescribed parcel, all in the City of Waterloo, Black
iawk County, Iowa.
3. That the City of Waterloo, Iowa, convey said parcels of
'real property to OFI Properties, LLC by Deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to OFI Properties, 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 OFI Properties, LLC upon
receipt of the sum of $1. 00, and costs .
PASSED AND ADOPTED this 20th day of March, 2006.
Tim Hurley, May
ATTEST:
5'--al-t,t4—
Nancy"Ecke , CMC
City Clerk