HomeMy WebLinkAbout1989-263-06.05.1989 RESOLUTION NO. 1989-263
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
A PORTION OF LAPORTE ROAD RIGHT-OF-WAY SOUTH OF SAN
MARNAN DRIVE TO PEOPLES BANK AND TRUST COMPANY FOR
$13 , 739. 40 , PLUS COSTS AND AUTHORIZING THE MAYOR AND
DEPUTY CITY CLERK TO EXECUTE AND DELIVER A DEED FOR
SAME, AND REPEALING RESOLUTION NO. 1989-83 IN ITS
ENTIRETY.
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 $13 ,739 . 40 , plus costs, has been made by
Peoples Bank and Trust Company, and
WHEREAS, a public hearing was held on May 22 , 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 and 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
May 12 , 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 and Trust Company to
purchase real property for the sum of $13 ,739. 40 , plus costs be,
and it is hereby accepted for real property described below:
A part of the Northeast Fractional Quarter of Section 2 ,
Township 88 North, Range 13 West of the Fifth Principal
Meridian in the City of Waterloo, Black Hawk County, Iowa,
described as follows:
That part of said Northeast Fractional Quarter conveyed to
the City of Waterloo by Quit Claim recorded in Deed Record
Book 122 , page 549 except that part thereof described as
follows:
Beginning at a point on the Northeasterly right of way line
of LaPorte Road ( formerly known as U.S. Highway No. 218 )
which is 500 . 8 feet south of the North line and 1023 . 6 feet
West of the East line of said Northeast Fractional Quarter,
said point being 60 feet normally distant Northeasterly from
the centerline of said LaPorte Road; thence North 90° East
parallel to the North line of said Northeast Fractional
Quarter a distance of 61 . 35 feet to a point which is 110 feet
normally distant from the centerline of said LaPorte Road;
thence South 35°20 ' 30" East parallel with and 110 feet
normally distant from said centerline a distance of 213 . 8
feet; thence South 48°34 ' 30" West a distance of 50 . 28 feet to
a point which is 60 feet normally distant from said
centerline; thence North 35°20 ' 30" West parallel with and 60
feet normally distant from said centerline a distance of
254 . 59 feet to the point of beginning.
Said parcel contains 16 , 164 sq. ft. , more or less .
3 . That the City of Waterloo, Iowa, convey said parcel of
real property to Peoples Bank and Trust Company by Quit Claim
Deed.
Resolution No. 1989-263
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4 . -',-:, That the Mayor and Deputy City Clerk are hereby
authorized to execute and deliver deed to Peoples Bank and Trust
Company.
5 . That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6 . That the Deputy City Clerk is authorized and directed to
deliver said deed of conveyance to Peoples Bank and Trust Company
upon receipt of the sum of $13 , 739 . 40 , and costs .
7 . That Resolution No. 1989-83 is hereby repealed in its
entirety.
PASSED AND ADOPTED this 5th day of June, 1989 .
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ATTEST:
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Michelle Temeyer, Depufy Clerk/Auditor
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