HomeMy WebLinkAbout1982-325-07.19.1982 RESOLUTION NO. /
A RESOLUTION AUTHORIZING THE SALE OF DISPOSAL
PARCEL NO. I-24 IN THE WESTFIELD-VIRDEN URBAN RENEWAL
AREA, PROJECT NO. IOWA R-7 .
WHEREAS , an Urban Renewal Plan for the Westfield-Virden
Urban Renewal Area , Project Iowa R-7 , adopted by the City Council
of the City of Waterloo , Iowa by Ordinance No . 2319 , passed on the
2nd day of February , 1965 and amended by Ordinance No. 2329 ,
passed on the 6th day of April , 1965 and Ordinance No . 2321 on the
14th day of September , 1965.
WHEREAS , the sale of a parcel of land described as Disposal
Parcel No. I-24 in the Westfield-Virden Urban Renewal Area ,
Project No. Iowa R- 7 , more particularly described as :
Lot No. 5 Block No . 33 in the Original Plat , on the
East Side of the Cedar River , City of Waterloo , Black
Hawk County , Iowa
which has been acquired for Urban Renewal purposes , is necessary
to carry out the aforesaid Urban Renewal Plan ; and
WHEREAS , said parcel of land is zoned Commercial under the
zoning ordinance of the City of Waterloo and said Urban Renewal
Plan ;
WHEREAS , John R . Rooff III & John Rooff , Jr. , has made an
offer to purchase said parcel of land for the sum of Two Hundred
Twenty Dollars ( $220. 00) cash upon delivery of deed ; and
WHEREAS, The sale of said land under the conditions
described herein has been approved by the Community Development
Board, the agency of the City of Waterloo having supervision and
management of such land at its Board meeting held July 13 ,
1982.
NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA :
1 . That the terms and conditions of the proposed agreement
for the sale of the subject disposal parcel in the Westfield-
Virden Urban Renewal Area , Project Iowa R- 7 , more particularly
described as :
Lot No. 5 in Block No . 33 in the Original Plat , on the
East Side of the Cedar River, City of Waterloo, Black
Hawk County , Iowa
as set forth in the Proposal to Purchase Property for private
Redevelopment executed by John R. Rooff III & John Rooff , Jr. , and the
approved Contract for Sale of Land for Private Redevelopment are
satisfactory and hereby approved.
2. That the Community Development Board agrees that the
proposed redevelopment of said land is the best use of the land in
accordance with the Urban Renewal Plan , and therefore , disposal of
said land to John R. Rooff III & John Rooff , Jr. , is based on the
Proposal to Purchase Property for Private Redevelopment submitted by
John R . Rooff III & John Rooff , Jr.
3. That the prospective purchaser possesses the
qualifications and financial resources necessary to acquire and
develop said land in accordance with the Urban Renewal Plan .
4. That the proposed purchase price of Two Hundred Twenty
Dollars ( $220. 00) is the fair market value of the land .
5. That the Community Development Staff be and it is hereby
authorized to prepare a deed for the conveyance of said property
and to submit the same to this Council for final approval and
execution in the event said offer is accepted.
6. That this action of the Council be considered to be and
in fact does constitute a notice to all concerned of the intention
of the Council to accept the offer of $220 . 00 to purchase said
parcel and to give a deed to the same after hearing and notice .
7 . That the City Clerk be and is authorized and directed to
publish a Notice of Hearing in conformance with the 1979 Code of
Iowa as amended .
Passed and adopted this day of ‘ J0 (
1982.
Leo 7. Rooff, Mayor
ATTEST :
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