HomeMy WebLinkAbout2001-279-06.11.2001 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2001-279
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE
OF PROPERTY GENERALLY LOCATED BEHIND THE FIRE
STATION ON SAN MARNAN DRIVE TO LOCKARD
DEVELOPMENT FOR $475, 000. 00, PLUS COSTS AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE AND DELIVER A 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 parcel of real
property in the sum of $475, 000. 00, plus costs, has been made by
Lockard Development, and
WHEREAS, a public hearing was held on June 11, 2001, 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 Lockard Development, Waterloo, Iowa, 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 May 30, 2001, 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 Lockard Development to purchase real
property for the sum of $475, 000. 00 and costs be, and it is hereby
accepted for real property described below:
A part of the Northeast Fractional 1- of Section 2-88-13,
Waterloo, Black Hawk County, Iowa, described as follows:
Commencing at the Northwest corner of the Northeast
Fractional of said Section 2; thence North 89°55' 33"
East along the Northerly line of the Northeast Fraction
of said Section 2 a distance of 1200. 35 feet; thence
South 00°04'27" East a distance of 134 .75 feet to the
point of beginning; thence South 33°57' 15" East a
distance of 520. 00 feet; thence South 61°58' 51" West a
distance of 242 .29 feet; thence Northerly along a non-
tangent curve concave Easterly having a radius of 680. 00
feet and a long chord bearing North 21°43' 40" West a
distance of 359. 17 feet; thence North 06°35' 47" West a
distance of 188 . 13 feet; thence North 69°34' 35" East a
distance of 81 . 62 feet to the point of beginning, all in
the City of Waterloo, Black Hawk County, Iowa;
The Northerly line of the Northeast Fractional k of
Section 2-88-13, Waterloo, Black Hawk County, Iowa, is
assumed to bear North 89°55' 33" East.
Resolution No. 2001-279
Page 2
3. That the City of Waterloo, Iowa, convey said parcel of
real property to Lockard Development by Deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Lockard Development.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to deliver
said deed of conveyance to Lockard Development upon receipt of the
sum of $475, 000. 00, and costs .
PASSED AND ADOPTED this 11th day of June, 2001 .
John . Roo f, Mayor
ATTEST:
Nancy Ec t, City Clerk