HomeMy WebLinkAbout2005-356-04.25.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-356
RESOLUTION ACCEPTING AND APPROVING CERTAIN
ACQUISITION CONTRACT TO SELL REAL PROPERTY TO
THE CITY AND ACCEPTING AND APPROVING CERTAIN
DEED.
WHEREAS, the City of Waterloo, Iowa, has had the parcel
described herein appraised and the fair market value ascertained,
and
WHEREAS, the acquisition of the hereinafter described parcel
is in conjunction with construction of the Ansborough Avenue
Interchange Project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the contract for the parcel
hereinafter described to sell the same to the City of Waterloo,
Iowa, all of which are situated in the City of Waterloo, Black
Hawk County, Iowa, are accepted and approved and the Mayor and
City Clerk are authorized and directed to execute the same in
behalf of the City and to execute all instruments necessary to
consummate the agreement to purchase the property from the owners
thereof, and the deed for the conveyance of the same are also
accepted and approved and the City of Waterloo is directed to pay
for the property and the incidental expenses necessary to the
consummation of the sale from City funds.
The subject parcel is:
Velva L. Silbaugh Estate - Karole J. Grace (Executor)
Parcel No. 8813-08-276-006
Total Acquisition - $24, 600 . 00
Closing Costs and Incidentals - Not to exceed $2, 000 . 00
Fee Simple Acquisition
A parcel of land located in the Southeast 1/4 of the
Northeast 1/4 of Section 8, Township 88 North, Range 13
West of the Fifth Principal Meridian, in the City of
Waterloo, Black Hawk County, Iowa, more particularly
described as follows:
Commencing at the Northeast corner of said Section 8;
thence South 00° (degrees) 19 ' (minutes) 55" (seconds)
East (assumed bearing for the purpose of this
description) on the East line of the Northeast 1/4 of
said Section 8 a distance of 1, 319. 96 feet to the
Northeast corner of the Southeast 1/4 of the Northeast
1/4 of said Section 8; thence South 89°03 ' 26" West on
the North line of the Southeast 1/4 of the Northeast
1/4 of said Section 8 a distance of 477 . 03 feet to the
West line of the East 477 . 00 feet of the Southeast 1/4
of the Northeast 1/4 of said Section 8; thence South
00°19 ' 55" East on the West line of the East 477 . 00 feet
of the Southeast 1/4 of the Northeast 1/4 of said
Section 8 a distance of 215 . 77 feet (215. 90 feet
record) to the present South right-of-way line of U. S.
Highway 20, the point of beginning of the parcel herein
described; thence continuing South 00°19 ' 55" East on
the West line of the East 477 . 00 feet of the Southeast
1/4 of the Northeast 1/4 of said Section 8 a distance
of 242 . 84 feet; thence North 67°27 ' 21" West a distance
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Resolution No. 2005-356
Page 2
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of 333 . 53 feet; thence Northwesterly on a 1, 270. 00-foot
radius curve concave Southwesterly and having a 404 . 55-
foot long chord bearing North 76°37 ' 14" West a distance
v s - of 406. 28 feet (arc length) ; thence North 85°38 ' 55"
C West a distance of 149. 62 feet to the West line of the
Southeast 1/4 of the Northeast 1/4 of said Section 8;
thence North 00°17 ' 45" West on the West line of the
s Southeast 1/4 of the Northeast 1/4 of said Section 8 a
s distance of 15. 98 feet to the present South right-of-
s way line of U. S. Highway 20; thence South 89°35 ' 46"
• d East on the present South right-of-way line of U. S.
CA Highway 20 a distance of 849. 50 feet (849. 70 feet
record) to the point of beginning, all in the City of
` y Waterloo, Black Hawk County, Iowa.
w
T s By survey containing 82, 261 square feet, or 1 . 89 acres .
PASSED AND ADOPTED this 25th day of April, 2005 .
'73s
Tim HurleY, May r
ATTEST:
Ta
Nancy Ecker CMC
City Clerk