HomeMy WebLinkAbout1981-519-10.19.1981 RESOLUTION NO . fq � 0-- 60
A RESOLUTION AUTHORIZING THE SALE OF DISPOSAL
PARCEL NO . I- 22 IN THE WESTFIELD-VIRDEN URBAN
RENEWAL AREA , PROJECT NO . IOWA R-7 .
WHEREAS , an Urban Renewal Plan for the Westfield-Virden
Urban Renewal Area , Project Iowa R-7 , adopted by the City Council
of the City of Waterloo , Iowa by Ordinance No. 2319 , passed on the
2nd day of February , 1965 and amended by Ordinance No . 2329,
passed on the 6th day of April , 1965 and Ordinance No . 2321 on the
14th day of September , 1965.
WHEREAS , the sale of a parcel of land described as Disposal
Parcel No. I-22 in the Westfield-Virden Urban Renewal Area ,
Project No. Iowa R- 7 , more particularly described as :
Lot 8 Block 3 James Virden ' s Addition , Black
Hawk County , Waterloo , Iowa
which has been acquired for Urban Renewal purposes , is necessary
to carry out the aforesaid Urban Renewal Plan ; and
WHEREAS , said parcel of land is zoned C- 2 under the zoning
ordinance of the City of Waterloo and said Urban Renewal Plan ;
WHEREAS , John Rooff , Jr. and John Rooff, III have made an
offer to purchase said parcel of land for the sum of Seventeen
Hundred Dollars ($1 , 700. 00) cash upon delivery of deed ; and
WHEREAS , The sale of said land under the conditions
described herein has been approved by the Community Development
Board , the agency of the City of Waterloo having supervision and
management of such land at its Board meeting held October 13 ,
1981 .
NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO , IOWA :
1 . That the terms and conditions of the proposed agreement
for the sale of the subject disposal parcel in the Westfield-
Virden Urban Renewal Area , Project Iowa R-7 , more particularly
described as :
Lot 8 Block 3 James Virden ' s Addition , Black
Hawk County , Waterloo , Iowa
as set forth in the Proposal to Purchase Property for private
Redevelopment executed by John Rooff , Jr. and John Rooff, III and
the approved Contract for Sale of Land for Private Redevelopment
are satisfactory and hereby approved .
2. That the Community Development Board agrees that the
proposed redevelopment of said land is the best use of the land in
accordance with the Urban Renewal Plan , and therefore , disposal of
said land to John Rooff , Jr. and John Rooff, III is based on the
Proposal to Purchase Property for Private Redevelopment submitted
by John Rooff , Jr. and John Rooff, III .
3. That the prospective purchaser possesses the
qualifications and financial resources necessary to acquire and
develop said land in accordance with the Urban Renewal Plan .
4 . That the proposed purchase price of Seventeen Hundred
Dollars ( $1 , 700. 00) is the fair market value of the land .
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