HomeMy WebLinkAbout1989-148-04.10.1989 RESOLUTION NO. 1989-148
tc. LI0 RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
"7 H M r EXCESS RIGHT-OF-WAY GENERALLY LOCATED ON THE WEST SIDE
r.T
O o m s
OF CLEVELAND STREET BETWEEN UNIVERSITY AVENUE AND JANNEY
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~ C AVENUE TO LOCKARD DEVELOPMENT, INC, FOR $6 , 250 . 00, PLUS
COSTS AND AUTHORIZING THE MAYOR AND CITY CLERK TO
O p H +-1 0 EXECUTE AND DELIVER A DEED FOR SAME.
r " 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
Q) property in the sum of $6 , 250 . 00 , plus costs, has been made by
Lockard Development, Inc. , and
WHEREAS, a public hearing was held on April 10, 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 Lockard Development, Inc. , 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
March 31 , 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 Lockard Development, Inc. to purchase
real property for the sum of $6 , 250. 00 and costs be, and it is
hereby accepted for real property described below:
All that part of Lot No. Eighteen ( 18 ) in Block Seventeen
( 17 ) , Hagerman Place, in Waterloo, in Black Hawk County,
Iowa, described as follows:
Beginning at a point on the Northerly line of said Lot No.
18 , which point is 33 feet westerly of the Northeasterly
corner of said Lot No. 18; thence Southerly along a line
which is 33 feet Westerly of and parallel with the Easterly
line of said Block No. 17 to a point on the Southerly line of
said Lot No. 18 , which point is 33 feet Westerly of the
Southeasterly corner of said Lot No. 18 ; thence Westerly to
the Southwesterly corner of said Lot No. 18 ; thence Northerly
to the Northwesterly corner of said Lot No. 18 ; thence
Easterly along the Northerly line of said Lot No. 18 to the
point of beginning.
Containing approximately 3 , 680 square feet.
3 . That the City of Waterloo, Iowa, convey said parcel of
real property to Lockard Development, Inc. by Quit Claim Deed.
4 , That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Lockard Development, Inc.
5 . That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6 . That the City Clerk is authorized and directed to
deliver said deed of conveyance to Lockard Development, Inc. upon
receipt of the sum of $6 , 250 . 00 , and costs .
PASSED AND ADOPTED this 10th day of April, 1989 .
4,,to
Be and L. McKi '1 y ey, Mayor
ATTEST
Larr P. urger,g C ' y Clerk/Auditor