HomeMy WebLinkAbout1989-083-02.27.1989 RESOLUTION NO. 1989-83
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF THE
EAST 50 FEET OF LAPORTE ROAD RIGHT-OF-WAY FROM EAST SAN
MARNAN DRIVE SOUTH 343 FEET TO PEOPLES BANK & TRUST
COMPANY FOR $14 , 237 . 50 , 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 $14 , 237. 50, plus costs, has been made by
Peoples Bank & Trust Company, 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 the City of Waterloo, Iowa, on
the proposal to sell and convey premises owned by the City of
Waterloo, Iowa to Peoples Bank & Trust Company, 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
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 Peoples Bank & Trust Company to
purchase real property for the sum of $14 , 237 . 50 and costs be, and
it is hereby accepted for real property described below:
A part of the Northeast Fractional Quarter of Section 2-88-13
West of the 5th Principal Meridian, Waterloo, Black Hawk
County, Iowa, bounded as follows :
Commencing at a point on the East line of said Section which
is 500. 8 feet South of the Northeast corner of said Section;
thence West along a line which is parallel with the North
line of said Section a distance of 1091 . 87 feet to the
centerline of the State Road; thence Southeasterly along the
centerline of the State Road a distance of 555 . 83 feet;
thence East along a line which is parallel with the North
line of said Section a distance of 772 . 11 feet to the East
line of said Section; thence North along the East line of
said Section to the place of beginning.
Except that part conveyed to the State of Iowa by Deed
recorded in Book 111 of Land Deeds, Page 547, and except that
part conveyed to the City of Waterloo, Iowa, by Deed recorded
in Book 122 of Land Deeds, page 549 of the records of said
County. And except all that part of a tract described in
Book 422 , page 249, and except all that part of a tract
described in Book 123 , page 461 of the Black Hawk County
Recorder;
subject to closing and receipt of monies within one ( 1 ) year.
3 . That the City of Waterloo, Iowa, convey said parcels of
real property to Peoples Bank & Trust Company by Quit Claim Deed.
Resolution No. 1989-83
Page 2
tTJtij
c
0 4 . -) - That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Peoples Bank & Trust Company.
H H
5 . That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
sHJ
6. - i That the City Clerk is authorized and directed to
deliver said deed of conveyance to Peoples Bank & Trust Company
upon receipt of the sum of $14 , 237 . 50, and costs.
•
m - PASSED AND ADOPTED this 27th day of February, 1989 .
H tti /1/7 rd:47okR. ,-
Bernard L. MtKinley, Mayor
Cs,3 CT3
ATTEST:
arrf P . :urger, y Clerk/Auditor
ti
H
t7'.?
0 trl hl!
t71
.n.3 CO Ci
Htri
!1 1)3 r