HomeMy WebLinkAbout1989-082-02.27.1989 RESOLUTION NO. 1989-82
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
ARBOR STREET TO WATERLOO LUMBER COMPANY FOR $737 . 00,
PLUS COSTS AND IOWA TERMINAL AND WAREHOUSE, INC. FOR
$737 . 00, PLUS COSTS, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE AND DELIVER A DEED FOR SAME AND
REPEALING RESOLUTION NO. 1989-10 .
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 a portion of said Arbor Street
in the sum of $737. 00, plus costs, has been made by Waterloo
Lumber Company, and
WHEREAS, an offer to purchase a portion of said Arbor Street
in the sum of $737. 00, plus costs, has been made by Iowa Terminal
and Warehouse, Inc. , and
WHEREAS, a public hearing was held on February 27, 1989, at
7 : 00 P.M. in the Council Chambers in City Hall, Waterloo, Iowa, as
provided by law, by the Council of
thethe City of Waterloo, Iowa, on
Waterloo proposallowa sell
Waterloo cLumber premises
awned by the City of
Warehouse, Inc. , Waterloo, Iowa, and y d Iowa Terminal 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
February 10, 1989, 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 Waterloo Lumber Com an to purchase
a portion of Arbor Street for the sum of $73 7 . 00 and costs,
and it is hereby accepted for real property described below:
The south and southeasterly one-half of the Street conveyed
to the City of Waterloo on July 3 ,
Street extending from the northeasterly li1 ne knownof Commercial
Street to a line 20 feet west of and
parallel
to the
line of Lots 34 and 35 in South Addition,east
recorded in Book 302 on pages 65 and 69, said street being 40
feet in width; all in the City of Waterloo, Black Hawk
County, Iowa;
with the City' s retention of a permanent utility easement over,
under and above the above described parcel;
and the offer of Iowa Terminal and Warehouse, Inc. to purchase a
portion of Arbor Street for the sum of $737. 00 and costs, be and
it is hereby accepted for real property described below:
The north and northwesterly one-half of the Street conveyed
to the City of Waterloo on July 3 ,
1951 and Street extending from the northeasterly line knownof Commercior
al
Street to a line 20 feet west of and
parallel
to the
line of Lots 34 and 35 in South Addition,east
recorded in Book 302 on Pages 65 and 69 , said street being 40
feet in width; all in the City of Waterloo, Black Hawk
County, Iowa;
with the City' s retention of a permanent utility easement over,
under and above the above described parcel.
Resolution No. 1989-82
Page 2
3 . That the City of Waterloo, Iowa, convey said parcels of
real property to Waterloo Lumber Company and Iowa Terminal and
Warehouse, Inc. by Quit Claim Deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver deeds to Waterloo Lumber Company and Iowa
Terminal and Warehouse, Inc.
5 . That the originals of said deeds fully executed and
acknowledged are hereby approved and confirmed by the Council.
6 . That the City Clerk is authorized and directed to
deliver said deeds of conveyance to Waterloo Lumber Company upon
receipt of the sum of $737 . 00 , and costs, and Iowa Terminal and
Warehouse, Inc. upon receipt of the sum of $737 . 00 , and costs .
7. That Resolution No. 1989-10 be and the same hereby
repealed in its entirety.
PASSED AND ADOPTED this 27th day of February, 1989 .
, ri-e-ev---- ----s-zq In if(-4-1
Bernard L. Md(inley, Ma) -
ATTEST:
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Larry . : • ger, Cit lerk/Auditor