HomeMy WebLinkAbout1989-647-12.04.1989 RESOLUTION NO. 1989-647
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
CERTAIN EXCESS BUILDING AND LAND TO POWER ENGINEERING &
MANUFACTURING, LTD. FOR $75, 000 , 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 $75 , 000, plus costs, has been made by
Power Engineering & Manufacturing, Ltd. , and
WHEREAS, a public hearing was held on December 4 , 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 Power Engineering & Manufacturing, Ltd. ,
Waterloo, Iowa, and
WHEREAS, it is the opinion of this Council that sale and
conveyance should be made as proposed.
NOW, THEREFORE, BE IT 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
November 24, 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.
2 . That the offer of Power Engineering & Manufacturing,
Ltd. to purchase real property for the sum of $75, 000 and costs
be, and it is hereby accepted for property described below:
That part of Morning Side Addition, vacated Rath Street and
Auditor ' s Morningside Plat lying within the following
described bounds:
Beginning at a point on the West line of Vinton Street
( former Concrete Street) which is Two Hundred Eighty ( 280)
feet Southwesterly of the Southerly line of Sycamore Street
(as meausred along said West line of Vinton Street) ; thence
Northwesterly Five Hundred Fifth ( 550 ) feet to a point which
lies Two Hundred Thirty ( 230) feet normally distant
Southerly of the Sourthly line of Sycamore Street; thence
Southwesterly to a point which is Five Hundred Ten ( 510 )
feet normally distant Southerly of the Southerly line of
said Sycamore Street and Six Hundred Twenty-five ( 625) feet
normally distant Westerly of the Westerly line of said
Vinton Street; thence Southeasterly to a point on the
Westerly line of said Vinton Street which is Three Hundred
Forty ( 340 ) feet Southwesterly of the point of beginning;
thence Northeasterly Three Hundred Forty ( 340) feet to the
point of beginning; subject to final survey, all in the City
of Waterloo, Black Hawk County, Iowa.
3 . That the City of Waterloo, Iowa, convey said parcel of
real property to Power Engineering & Manufacturing, Ltd. by Quit
Claim Deed.
4 . That the Mayor and City Clerk are hereby authorized to
execute and deliver a deed to Power Engineering & Manufacturing,
Ltd.
Resolution No. 1989- 647
Page 2
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 Power Engineering &
Manufacturing, Ltd. upon receipt of the sum of $75,000, and
costs.
PASSED AND ADOPTED this 4th day of December, 1989.
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S H
Bernard L. Mc i ley, Mayor
ATTEST:
rr P. rger, Ci Clerk/Auditor
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