HomeMy WebLinkAbout2004-217-04.12.2004 N ti t7
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TI-4440plution prepared by Nancy Eckert, City Clerk, 715 Mulberry
t4 ,4Iaterloo, Iowa.
s > oh <4E-, RESOLUTION NO. 2004-217
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O co < >1 RESOLUTION APPROVING OFFER TO BUY REAL ESTATE
E' er AGREEMENT AND ACCEPTANCE FOR APPROXIMATELY
o 48 . 69 ACRES OF PROPERTY GENERALLY LOCATED AT
0 1--itri s o THE NORTHWEST INTERSECTION OF RIDGEWAY AVENUE
s • AND MARTIN ROAD AND DIRECTING EXECUTION OF
CA H' H O t SAID AGREEMENT BY MAYOR.
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IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
thaltw, lie Offer to Buy Real Estate Agreement dated April 12, 2004 ,
teF,44oroximately 48 . 69 acres of property generally located at
Ogi.pthwest intersection of Ridgeway Avenue and Martin Road at
JcaVt-+ of $385, 000 . 00 , with $55, 440 . 00 due at closing, with Brock
Iti.g.pta carry a contract on $329, 560 . 00 balance at 3 percent per
044 with annual payments of $40 , 000 . 00 due on June 1 of each
�a a d a balloon on the remaining balance due on June 1, 2009,
O between Brock Inc . of Waterloo, Iowa and the City of
WeVRoo, Iowa, be and the same is hereby approved, and the Mayor
bh zed to execute the same in behalf of the City of Waterloo,
s H oSSED AND ADOPTED this 12th day of April , 2004 .
Tim Hurley Mayor
ATTEST:
Nancy Eckert) City Clerk