HomeMy WebLinkAbout1999-132-03.15.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-132
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON AN OFFER
AND ACCEPTANCE AGREEMENT AND PROMISSORY NOTE
IN THE AMOUNT OF $548, 856. 00 WITH HURST
HOLDING COMPANY AS MARCH 22, 1999, AT 7 : 00
P.M. IN CITY HALL COUNCIL CHAMBERS, WATERLOO,
IOWA AND INSTRUCTING THE CITY CLERK TO
PUBLISH THE NOTICE OF HEARING.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
AS FOLLOWS:
Section 1 . That the Council of the City of Waterloo, Iowa
shall meet at City Hall Council Chambers in the City of Waterloo,
Iowa at 7 : 00 p.m. on the 22nd day of March, 1999, for the purpose
of considering and acting upon an Offer and Acceptance Agreement
and Promissory Note in the amount of $548, 856. 00 with Hurst
Holding Company for property generally located on San Marnan Drive
westerly of Tower Park, in conjunciton with the GMAC Project,
legally described as follows :
A part of the NW k of the NE k and the SW k
of the NE k of Section 9-88-13, Waterloo,
Black Hawk County, Iowa, described as
follows :
Commencing at the Northeast corner of the NW
k of the NE k of said Section 9; thence S
00°26' 14" E along the East line of the NW k of
the NE of said Section 9 a distance of
463 . 53 feet to the point of beginning; thence
S 00°26' 14" E along the East line of the NW k
of the NE - and the East line of the SW 1- of
the NE k of said Section 9 a distance of
896. 98 feet to the Northerly R-O-W of U. S.
Highway 20; thence N 89°34' ll" W along said
Northerly R-O-W a distance of 780 . 00 feet;
thence N 00°26' 14" W a distance of 530 . 00
feet; thence S 89°34' 11" E a distance of
750 . 00 feet; thence N 00°26' 14" W a distance
of 367 . 24 feet; thence S 89°03' 48" E a
distance of 30 . 01 feet to the point of
beginning, all in the City of Waterloo, Black
Hawk County, Iowa.
The East line of the NW k of the NE k of
Section 9-88-13, Waterloo, Black Hawk County,
Iowa is assumed to bear S 00°26' 14" E.
Area equals 424, 367 SF (9. 742 Acres) .
Section 2 . That the City Clerk is hereby directed to publish
notice of the time and place of said hearing in the Waterloo
Courier.
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