Loading...
HomeMy WebLinkAbout2005-345-04.25.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2005-345 RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF PROPERTY GENERALLY LOCATED ALONG THE NORTHERLY SIDE OF AIRLINE HIGHWAY, JUST EAST OF THE RAILROAD TRACK CROSSOVER 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 Poynette Development LLC, and WHEREAS, a public hearing was held on April 25, 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 Poynette Development 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 April 15, 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 Poynette Development LLC to purchase real property for the sum of $1 . 00, and costs, be and it is hereby accepted for real property described below: Part of Lot Twelve (12) , Midport America Park Plat No. 2, Part of the Southeast Quarter (SE ;1) of Section Four (4) , Township Eighty-nine North (T89N) , Range Thirteen West (R13W) , of the Fifth Principal Meridian, Waterloo, Black Hawk County, Iowa, described as follows : Commencing at the Southwest corner of aforesaid Lot No. Twelve (12) ; thence South 89°29' 09" East One Hundred Sixty-one and Forty-five Hundredths (161 . 45) feet along the South line of said Lot to the point of beginning; thence North 00°30' 51" East Five Hundred Five (505. 00) feet to a point on the East line of a Thirty (30 . 00) foot easement; thence South 89°29' 09" East Four Hundred Twenty (420 . 00) feet; thence South 00°30' 51" West Five Hundred Five (505 . 00) feet to a point on aforesaid South line; thence North 89°29' 09" West Four Hundred Twenty (420 . 00) feet along said South line to the point of beginning containing 4 . 869 Acres, 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 Poynette Development LLC by Deed. % Sww2 gw » ... / / 9071 2 -74 a < � % % 29 © / Akes liition 2005-345 2 ›— af . w2 « c & SJ + w « ® w . / \ 4 . That the Mayor and City Clerk are hereby authorized to _, QQQQute and deliver deed to Poynette Development LLC. wJ -1 % Swy « s » 5 . That the original of said deed fully executed and / / � k pwledged is hereby a2proved and confirmed by the Council. 2 1 - A) ~ / 6. That the City Clerk is authorized and directed to /live£ said deed of conveyance to Poynette Development LLC upon i ƒeceipt of the sum of $1. 00, and costs . - g wyG ® y / / ® PASSED AND ADOPTED this 25^ day of April, 2005. w adds c G_ y2 « n \ 2 / / » wx \ - / ® 2d rew / Tim Hurley, Mayo 2 ? T IOT: / / • / icy /� � ` / Nancy Ecker y CMC / \\ y Clerk yw ± y g « wJe 2 / » -: ± m2