HomeMy WebLinkAbout2003-825-12.22.2003 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2003-825
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 necessary to carry out the City' s Brownfield Redevelopment
efforts .
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,
all of which is situated in the City of Waterloo, Black Hawk
County, Iowa, is accepted and approved and the Mayor Pro Tem 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 sell the property, and the deed for
the conveyance of the same is 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 .
The subject parcel is :
625 Glenwood Street - Parcel No. 2
Glenwood Properties LLC, Owner
Part of Lots 9, 10, 11, 12 , 22 , 23 , and 24 in Hardy and
Virden' s Plat, part of vacated Vine Street, part of
vacated Wilby Street lying Northerly of and adjoining
Lots 13 through 19 in Wilbys Addition and part of
vacated Beech Street lying Westerly of and adjoining
Lots 19 through 24 in Wilbys Addition, all in the City
of Waterloo, Black Hawk County, Iowa, described as
follows :
Commencing at the intersection of the Northerly right-
of-way line of Glenwood Street and the Northeasterly
right-of-way line of the Canadian National/Illinois
Central Railroad property; thence North 48° (degrees)
54 ' (minutes) 59" (seconds) West on the Northeasterly
right-of-way line of the Canadian National/Illinois
Central Railroad property, a distance of 40 . 05 feet to
the point of beginning of the parcel herein described;
thence continuing North 48°54 ' 59" West on the
Northeasterly right-of-way line of the Canadian
National/Illinois Central Railroad property, a distance
of 669 . 79 feet to the Southeasterly right-of-way line
of the Union Pacific Railroad property, said
Southeasterly riht-of-way line is described in City
Lot Deed Book 5 Page 288 in the ilacr, Hawk County
eccrder' s Office . thence North 72°1-- 45 East on the
Southeasterly rw_ at-of-way line of tue union Pacific
Railroad, a dist ace of 1, 168 . 92 fees_ tc the Westerly
right-of-way 1i1; , of Linden Avenue; thence South
00°15' 44" East t- the Westerly rigdt-of-way line of
Linden Avenue, distance of 322 .48 feet to the
Northerly line c a parcel of land described in City
Resolution No. 2003-825
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cv s H Lot Deed Book 592 Page 892, in the Black Hawk County
1-1 o Si— Recorder' s Office; thence South 89°12 ' 58" West on the
d Northerly line of said parcel of land and its extension
Hn s Westerly, a distance of 539 . 82 feet; thence South
o mip c) 00°06' 29" East, a distance of 50 . 87 feet; thence South
H b 89°55 ' 34" West, a distance of 41 . 50 feet; thence South
o s H H 00°24 ' 46" East, a distance of 103 . 00 feet; thence North
• ca S 89°49' 08" West, a distance of 31 . 65 feet to the
cif <1 a Westerly right-of-way line of vacated Beech Street,
o d Ns thence South 00°25' 25" East on the Westerly right-of-
w rri t way line of vacated Beech Street, a distance of 313 .25
col tr, y feet to the point of beginning, all in the City of
ti trtr' Waterloo, Black Hawk County, Iowa.
H Containing 297, 749 square feet or 6 . 84 acres .
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no n PASSED AND ADOPTED this 22nd day of December, 2003 .
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O Harold Getty, May/ Pro Tem
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ATT:LT:
Nancy Eckert City Clerk