HomeMy WebLinkAbout2004-225-04.12.2004 This Resolut n prepared by rncy ckert, City Clerk, 715 Mulberry
Street, Watel Do, Iowa.
RESOLUTION NO. 2004-225
PESOLUTION TO ESTABLISH THE AMOUNT OF JUST
COMPENSATION FOR CERTAIN PROPERTIES TO BE
ACQUIRED IN THE RATH NEIGHBORHOOD AREA AND
TO AUTHORIZE THE USE OF CONDEMNATION
PROCEDURES FOR ACQUISITION OF SAID
PROPERTIES IN THE RATH NEIGHBORHOOD AREA IN
FURTHERANCE OF THE OBJECTIVES OF THE RATH
NEIGHBORHOOD REVITALIZATION MASTER PLAN.
WHEREAS, by Resolution No. 1999-477 adopted on July 19,
1999, the City Council of the City of Waterloo approved a
project (the "Project" ) to acquire underutilized and dilapidated
properties in the Rath Neighborhood area for redevelopment in
accordance with the Rath Neighborhood Revitalization Master Plan
(the "Plan" ) , and by Resolution No. 2003-581 adopted on
September 2 , 2003 the City Council amended the Plan to include
the area in which the Properties (defined below) are located;
and
WHEREAS, in executive session on December 1, 2003 , the City
Council of the City of Waterloo discussed and reviewed
appraisals for certain properties in the Project area, namely,
parcel nos . 8913-25-258-002 , 8913-25-258-003 , 8913-25-258-004 ,
8913-25-258-005, and 8913-25-259-001 (collectively, the
"Properties" ) , and determined that - the appraisals represented
the fair market value of the Properties; and
WHEREAS, on December 1, 2003 , the City Council of the City
of Waterloo approved by motion the use of the condemnation
process under Iowa law to acquire the Properties by eminent
domain; and
WHEREAS, the City Council of the City of Waterloo desires
to ratify the above-described actions taken in executive session
and by motion and to spread them upon the public record by this
resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA, that the sum of the amounts set forth
opposite each of the below parcel numbers is determined to be
the just compensation for the Properties as determined by an
independent appraiser:
8913-25-258-002 $ 2 , 500 . 00
8913-25-258-0G_i $ 1, 250 . 00
8913-25-258-04 $ 2 , 500 . 00
8913-2' 5r' 0�: 6 : 000 . 00
8913 2_ 2.7' 0u $ 23 , 000 . 00
The appraisals decerir,.ininc said amounts are the same appraisals
that -Lne City Counc= rel2ei upu,_. it executive session and open
session on Dece--,:per 0�
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