Loading...
HomeMy WebLinkAbout2006-221-03/20/2006 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2006-221 RESOLUTION TO ESTABLISH THE AMOUNT OF JUST COMPENSATION FOR CERTAIN PROPERTY TO BE ACQUIRED FOR CONSTRUCTION OF MARKET RATE HOUSING AND TO AUTHORIZE THE USE OF CONDEMNATION PROCEDURES FOR ACQUISITION OF SAID PROPERTIES IN FURTHERANCE OF THE OBJECTIVES OF RATH AREA NEIGHBORHOOD PLAN. WHEREAS, by Resolution No. 2001-404 adopted on August 6, 2001, the City Council of the City of Waterloo approved a project (the "Project") to acquire property and construct market rate housing at blocks bordered by E. 8th Street, Sycamore Street, the Cedar River, and the railroad tracks; and WHEREAS, on September 12, 2005, the City of Waterloo offered to purchase the Property for the appraised value and after good faith efforts has been unable to reach a mutually agreeable price with the owner of the Property; and WHEREAS, the City Council of the City of Waterloo desires to ratify the above-described actions taken and to spread them upon the public record by this resolution; and WHEREAS, the City Council of the City of Waterloo desires to authorize the use of condemnation procedures under Iowa law to acquire the Property by eminent domain. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the sum of the amount set forth opposite the below parcel number is determined to be the just compensation for the Property as determined by an independent appraiser: 8913-25-137-014 $33, 600 . 00 BE IT FURTHER RESOLVED that use of procedures prescribed by Chapters 6A and 6B of the Code of Iowa for condemnation of private property for public projects is hereby approved for condemnation of the Property, it being the reasonable expectation of the City Council of the City of Waterloo that the public purpose of condemnation in support of the Project will be achieved and that the City of Waterloo in carrying out the purposes and intents of the Project will be able to comply with all applicable standards and to obtain all necessary permits . BE IT FURTHER RESOLVED that the offices of Community Planning and Development and the City Attorney are hereby authorized and directed to make use of condemnation procedures, in combination with such additional negotiations with the owners of the ownership interest in the Property or their authorized representatives as may be advisable in the circumstances, to acquire the Property in furtherance of the objectives of the Project . \ \ \ \ 2 om > zx *O)1t)..ion No. 2006-221 ƒaf /\ / / = x � we \ < PASSED AND ADOPTED this 20th day of March, 2006. A.7 \ + + /« z < C ^ 2 Tim Hurley, May < \ ? < \ ikritaer< ~ « / / % cj1/4 43 % » .. CMC 2 \ CD / © x z z CERTIFICATE n .13 Nancy Eckert, City Clerk of the City of Waterloo, Iowa, 40--- 7ety certify that the preceding is a true and complete copy bfReSkution No. 2006-221, as passed and adopted by the Council b/ \e City of Waterloo, Iowa, on the 20th day of March, 2006. / 2 _ Witness my hand and seal of office this 22nd day of March, z « 'SEAL SE L Nancy-Eckerrr CMC City Clerk