HomeMy WebLinkAbout1990-594-10.15.1990 1= Cu tj 7
A) H RESOLUTION NO. 1990-594
U Nr0Htr
nE", RESOLUTION AUTHORIZING CITY STAFF TO REJECT BID
H E-+ cv El I- SUBMITTED FOR THE STRUCTURE LOCATED AT 10 2 7-10 2 9
H n PROGRESS AVENUE ACQUIRED FOR GREENHILL/SAGER
rJ PROJECT IN THE CITY OF WATERLOO, IOWA, AND
o n ° s � � DIRECTING STAFF TO NEGOTIATE SALE TO
• EA o ti t INTERESTED PARTIES. ANY
H WHEREAS, a public hearing was held on August 20, 1990,
c at 7:00 p.m. in the Council Chambers in City Hall, Waterloo,
Iowa, to accept bids and sell and convey the duplex located
- at 1027-1029 Progress Avenue acquired by the City through
the. Greenhill/Sager Project; and
1EAS, the offer of Lois Reiger to purchase the
duplex located at 1027-1029 Progress Avenue for the sum of
$10i6 0.00 was accepted per Resolution No. 1990-488 and
staff was authorized and directed to deliver Bill of Sale to
said purchaser upon receipt of the full sum of her bid; and
WHEREAS, said offer to purchase said duplex by Lois
Reiger has been withdrawn and bid bond forfeited; and
L7 b t�
WHEREAS, the next highest bidder was offered the right
to buy said duplex but declined, and the only other bid
received in the amount of $302. 00 is being rejected because
the amount submitted is deemed well below fair market value.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE COUNCIL OF
THE CITY OF WATERLOO, IOWA, that the bid in the amount of
$302.00 to purchase the duplex located at 1027-1029 Progress
Avenue be rejected as being well below the fair market
value.
BE IT FURTHER RESOLVED that City staff is hereby
directed to negotiate the sale of the structure located at
1027-1029 Progress Avenue to any interested parties.
PASSED AND ADOPTED this 15th day of October, 1990.
Bernard L. M` K n
ey, Mayor
ATTEST: 2
arr P. urger, Ci Clerk/Auditor