HomeMy WebLinkAbout2021-321-05.17.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-321
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY OWNED PROPERTY LOCATED AT 1314 BLACK
HAWK STREET, IN THE AMOUNT OF $166,000, TO BLACK
HAWK STREET INVESTMENTS, LLC, WITH A
DEVELOPMENT AND MINIMUM ASSESSMENT
AGREEMENT, FOR THE RENOVATIONS OF THE FORMER
CENTRAL GARAGE.
WHEREAS, the City of Waterloo, Iowa is the owner of real property generally located at
1314 Black Hawk Street, in the City of Waterloo, Iowa, and legally described as follows:
LOTS 1, 2, AND 3, THE SOUTHEASTERLY 15 FEET OF LOT 4, AND THE
NORTHEASTERLY 70 FEET OF LOTS 4 AND 5 EXCEPT THE
SOUTHEASTERLY 15 FEET OF LOT 4, ALL IN BLOCK 60, ANTHONY
BAKER'S ADDITION, CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
and,
WHEREAS, an offer to purchase said parcel of real property, in the amount of $166,000
has been made by Black Hawk Street Investments, LLC, and
WHEREAS, a public hearing was held on May 17, 2021 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 Black Hawk Street Investments, LLC, and
WHEREAS, it is the opinion of this Council that the 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 real property located at 1314 Black Hawk Street, in the City of Waterloo, Iowa, as
fully described in the published notice in the Waterloo Courier May 7, 2021, is not presently
needed, and will not be needed in the foreseeable future for municipal purposes, and its
ownership is serving no municipal purpose.
2. That the offer of Black Hawk Street Investments, LLC, to purchase the property
located at 1314 Black Hawk Street, in the City of Waterloo, Iowa, for the sum of $166,000, is
hereby accepted for the real property legally described above.
3. That the City of Waterloo, Iowa conveys said parcel of real property to Black Hawk
Street Investments, LLC, by special warranty deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said special warranty deed, fully executed and acknowledged, is
hereby approved and confirmed by this Council.
6. That the Community Planning and Development Director is authorized and directed to
Resolution 2021-321
Page 2
deliver said deed of conveyance to Black Hawk Street Investments, LLC, upon receipt of the sum
of $166,000.
PASSED AND ADOPTED this 17th day of May 2021.
ATTEST:
7-elchte
Kelley Felchle, City Clerk
CERTIFICATE
Quentin Hart, Mayor
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2021-321 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 17th day of May 2021.
Witness my hand and seal of office this 17th day of May 2021.
Ke��er� Te/chie
Kelley Felchle, City Clerk
SEAL