HomeMy WebLinkAbout2021-741-11.15.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-741
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY OWNED PROPERTY LOCATED NORTHEAST OF
THE INTERSECTION OF LEVERSEE ROAD AND LAKE
STREET, IN THE AMOUNT OF $1,170,000.00, TO ZYDECO
INVESTMENTS, LLC AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE NECESSARY
DOCUMENTS.
WHEREAS, the City of Waterloo, Iowa is the legal owner of property located northeast
of the intersection of Leversee Road and Lake Street, in the City of Waterloo, Iowa, and legally
described as follows:
LAND TO BE CONVEYED:
LOT 4 OF WATERLOO AIR AND RAIL PARK SECOND ADDITION
LAND WITH OPTION TO BE CONVEYED:
LOT 5 OF WATERLOO AIR AND RAIL PARK SECOND ADDITION
and,
WHEREAS, an offer to purchase said parcel of real property, in the amount of
$1,170,000.00, has been made by Zydeco Investments, LLC, and
WHEREAS, a public hearing was held on November 15, 2021 at 5:30 p.m., as provided
by law, by the Council of the City of Waterloo, Iowa, on the proposal to sell and convey said
premises owned by the City of Waterloo, Iowa, to Zydeco Investments, LLC, and
WHEREAS, it is the opinion of this Council that the 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. That the real property located northeast of the intersection of Leversee Road and Lake
Street, in the City of Waterloo, Iowa, as fully described in the published notice in the Waterloo
Courier November 5, 2021, is not presently needed, and will not be needed in the foreseeable
future for municipal purposes, and its ownership is serving no municipal purpose.
2. That the offer of Zydeco Investments, LLC, to purchase the property located northeast
of the intersection of Leversee Road and Lake Street, in the City of Waterloo, Iowa, for the sum
of $1,170,000.00, is hereby accepted, for the real property legally described above.
3. That the City of Waterloo, Iowa conveys said parcel of real property to the Zydeco
Investments, LLC, by quit claim deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said quit claim deed, fully executed and acknowledged, is hereby
approved and confirmed by this Council.
6. That the Community Planning and Development Director is authorized and directed to
deliver said deed of conveyance to Zydeco Investments, LLC, upon receipt of the sum of
$1,170,000.00.
Resolution 2021-741
Page 2
PASSED AND ADOPTED this 15th day of November 2021.
ATTEST:
Kelley Felchle, City Clerk
CERTIFICATE
Qv/1`1 H4 r-#
DIGITALLY
SIGNED
Quentin Hart, Mayor
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2021-741 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 15th day of November 2021.
Witness my hand and seal of office this 15th day of November 2021.
Kelley Felchle, City Clerk