HomeMy WebLinkAbout2005-144-02.21.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-144
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF APPROXIMATELY 2 . 0 ACRES OF
PROPERTY GENERALLY LOCATED SOUTH OF THE
EXISTING TOWER PARK OFFICE COMPLEX 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, Iowai\ 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 Cedar
Valley HQ, L.L.C. and Lockard Development Inc. , and
WHEREAS, a public hearing was held on February 21, 2005, 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 Cedar Valley HQ, L.L.C. and Lockard Development
Inc. , 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
February 11, 2005, 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 Cedar Valley HQ, L.L.C. and Lockard
Development Inc. to purchase real property for the sum of $1. 00,
and costs, be and it is hereby accepted for real property
described below:
Lot 2, Tower Park No. 3, all in the City of Waterloo, Black
Hawk County, State of Iowa.
3 . That the City of Waterloo, Iowa, convey said parcels of
real property to Cedar Valley HQ, L.L.C. and Lockard Development
Inc. by Deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Cedar Valley HQ, L.L.C. and Lockard
Development Inc.
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 Cedar Valley HQ, L.L.C. and
Lockard Development Inc. upon receipt of the sum of $1 . 00, and
costs .
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LFsolution 2005-144
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