HomeMy WebLinkAbout1990-268-05.07.1990 RESOLUTION NO. 1990-268
RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF
CERTAIN EXCESS RIGHT-OF-WAY TO HERBERT F. IDE FOR
$18, 500. 00, 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 $18, 500. 00, plus costs, has been made by
Herbert F. Ide, and
WHEREAS, a public hearing was held on May 7 , 1990 , 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 Herbert F. Ide, 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
April 20, 1990, 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 Herbert F. Ide to purchase real
property for the sum of $18 , 500 . 00 and costs be, and it is hereby
accepted for property described below:
All that part of the West 1/2 of the Southwest 1/4 of
Section 21 , Township 89 North, Range 13 West of the 5th
Principal Meridian, Waterloo, Black Hawk County, Iowa, lying
East of Greenhill Road and North of University Avenue,
described as follows:
Beginning at a point on the North line of said Southwest
1/4, which is 696. 99 feet East of the Northwest corner of
said Southwest 1/4; thence South 30°24 ' 36" East, 72. 51 feet;
thence South 09°45 ' 26" East, 472. 36 feet; thence continuing
South 09°45 ' 26" East, 472 . 37 feet to a point that is 80. 00
feet radially distant Northeasterly of the center line of
University Avenue; thence South 59°33 ' 00" East, 75. 94 feet
to a point that is 70. 00 feet radially distant Northeasterly
of the center line of University Avenue; thence North
00°18 ' 33" East, 546. 69 feet along the West line of the East
375 . 00 feet of the West 1/2 of said Southwest 1/4; thence
continuing North 00°18 ' 33" East, 483 . 52 feet along the West
line of the East 375 . 00 feet of the West 1/2 of said
Southwest 1/4 to a point on the North line of said Southwest
1/4; thence North 89°35 ' 41" West, 267. 84 feet to the point
of beginning.
The West line of said Southwest 1/4 is assumed to bear North
0°00 ' 00" East, all in the City of Waterloo, Black Hawk
County, Iowa.
Containing approximately 3 . 55 acres or 154, 621. 6 S.F.
3 . That the City of Waterloo, Iowa, convey said parcel of
real property to Herbert F. Ide by Quit Claim Deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver a deed to Herbert F. Ide.
Resolution No. 1990-268
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 Herbert F. Ide upon receipt of
the sum of $18,500. 00, and costs.
PASSED AND ADOPTED this 7th day of May, 1990.
Bernard L. Mc .inlet', ayor ?
ATTESTS /
ry P. urger, Ci y Jerk/Auditor