HomeMy WebLinkAbout1981-518-10.19.1981 RESOLUTION NO . E` '' ' )3 / g
A RESOLUTION AUTHORIZING THE SALE OF DISPOSAL
PARCEL NO . I-35P 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-35p in the Westfield-Virden Urban Renewal Area ,
Project No. Iowa R- 7 , more particularly described as :
"See Attached"
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-3 under the zoning
ordinance of the City of Waterloo and said Urban Renewal Plan ;
WHEREAS , Local 46 United Food and Commercial Workers
International Union/AFL-CIO has made an offer to purchase said
parcel of land for the sum of Seventy-five Thousand Dollars
E ( $75 , 000 . 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 :
"See Attached "
as set forth in the Proposal to Purchase Property for private
Redevelopment executed by Local 46 United Food and Commercial
Workers International Union/AFL-CIO 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 Local 46 United Food and Commercial Workers
International Union/AFL-CIO is based on the Proposal to Purchase
Property for Private Redevelopment submitted by Local 46 United
Food and Commercial Workers International Union/AFL-CIO .
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 Seventy-five
Thousand Dollars ( $75 ,000 . 00 ) is the fair market value of the
land.
5 . That the Community Development Staff be and it is hereby
authorized to prepare a deed for the conveyance of said property
and to submit the same to this Council for final approval and
execution in the event said offer is accepted.
6 . That this action of the Council be considered to be and
in fact does constitute a notice to all concerned of the intention
of the Council to accept the offer of Local 46 United Food and
Commercial Workers International Union/AFL-CIO to purchase said
parcel and to give a deed to the same after hearing and notice .
7 . That the City Clerk be and is authorized and directed to
publish a Notice of Hearing in conformance with the 1979 Code of
Iowa as amended.
Passed and adopted this / day of (C f 0 j �y
1981 .
Leo P. Rooff, Mayo .
ATTEST:
Lary ger, , ty, erk
PAY
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DESCRIPTION OF SURVEY OF
RATH UNION ELDERLY HOUSING SITE
CITY OF WATERLOO, IOWA
DESCRIPTION:
THAT PART OF LOTS 3. 4. 5. 6. 7 & 8 OF BLOCK 5 OF THE ORIGINAL PLAT
OF THE EAST SIDE OF THE CEDAR RIVER. VACATED WATER STREET, VACATED
ALLEY IN BLOCK 5 AND THE FRACTIONAL BLOCK OPPOSITE BLOCK 5 LYING
NORTHEASTERLY OF THE RIVER FRONT IMPROVEMENT COMMISSION BOUNDARY
LINE. ALL IN THE CITY OF WATERLOO. BLACK HAWK COUNTY. IOWA. DESCRIBED
AS FOLLOWS:
BEGINNING AT A POINT ON THE NORTHWESTERLY LINE OF SAID LOT 5.
SAID POINT BEING 77.02 FEET SOUTHWESTERLY OF THE NORTHWESTERLY
CORNER OF SAID LOT 5: THENCE SOUTHEASTERLY NORMAL TO THE NORTH-
WESTERLY LINE OF SAID BLOCK 5 A DISTANCE OF 160 FEET: THENCE
SOUTHWESTERLY ALONG A LINE WHICH' IS PARALLEL WITH THE NORTH-
WESTERLY LINE OF SAID BLOCK 5 A DISTANCE OF 272.25 FEET: THENCE
NORTHWESTERLY NORMAL TO THE NORTHWESTERLY LINE OF SAID BLOCK 5
A DISTANCE OF 160 FEET: THENCE NORTHEASTERLY ALONG THE NORTH-
WESTERLY LINE OF SAID BLOCK 5 A DISTANCE OF 272.25 FEET TO THE POINT OF BE
POINT OF BEGINNING.
CONTAINING 43. 560 S. F. OR I ACRE.