HomeMy WebLinkAbout2005-146-02.21.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-146
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF PROPERTY GENERALLY LOCATED AT
THE SOUTHEAST CORNER OF THE INTERSECTION OF
SHOPPER' S BOULEVARD AND SAN MARNAN DRIVE,
JUST NORTH OF THE REX RETAIL STORE 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 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 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 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:
That part of the Northwest �, Section 10-88-13 (A part
of the vacated East San Marnan Drive) lying North of
and adjacent to Lot 1, Anderson' s Fourth Addition, City
of Waterloo, Black Hawk County, Iowa, described as
follows :
Beginning at the Northwest corner of said Lot 1; thence
North 01°16' 36" East a distance of 50. 00 feet; thence
South 88 °43' 24" East a distance of 236. 00 feet; thence
South 01°16' 36" West a distance of 50 . 00 feet to the
Northeast corner of said Lot 1; thence North 88°43' 24"
West along the North line of said Lot 1 a distance of
236. 00 feet to the point of beginning, subject to the
city' s retention of utilities easement over, under and
above the above described property.
The North line of said Lot 1 is assumed to bear North
88 °43' 24" West, all in the City of Waterloo, Black Hawk
County, Iowa.
3. That the City of Waterloo, Iowa, convey said parcels of
real property to Lockard Development Inc. by Deed.
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`1 Holution 2005-146
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N a) -) 4 . That the Mayor and City Clerk are hereby authorized to
; 0 to and deliver deed to Lockard Development Inc.
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ix ¢ H >5 That the original of said deed fully executed and
‹!a Knewledged is hereby approved and confirmed by the Council.
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= 716. That the City Clerk is authorized and directed to
N v oce liver said deed of conveyance to Lockard Development Inc. upon
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scipt of the sum of $1 . 00, and costs .
V PASSED AND ADOPTED this 21st day of February, 2005.
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