HomeMy WebLinkAbout27090 RESOLUTION NO. 02,7 0 ci a
A RESOLUTION AUTHORIZING THE SALE OF DISPOSAL PARCEL NO. I-33 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
in the Westfield-Virden Urban Renewal Area, Project No. Iowa R-7, more particularly
described as:
Virdens Addition Waterloo Southeasterly 126 Feet Lots 1 & 2 Block 1
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 Commercial under the zoning
ordinance of the City of Waterloo and said Urban Renewal Plan;
WHEREAS, Crystal Ice and Cold Storage has made an offer to purchase
said parcel of land for the sum of sixteen thousand six hundred dollars ($16,600.00)
cash upon delivery of a 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
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 :
Virdens Addition, Waterloo Southeasterly 126 Feet Lots 1 & 2 Block 1
as set forth in the Proposal to Purchase Property for Private Redevelopment executed by
Crystal Ice and Cold Storage 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 Crystal Ice and Cold Storage
is based on the Proposal to Purchase Property for Private Redevelopment submitted by
Crystal Ice & Cold Storage
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 Sixteen Thousand Six hundred
dollars ($16,600.00) is the fair market value of the land.
- 2 -
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 Crystal Ice and Cold Storage
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
Thirty (30) Day Notice of Hearing in conformance with Section 403.8(2) of
the 1958 Code of Iowa.
Passed and adopted this 7] / day of (J u I �/ , 19 g 0
Mayor
ATTEST: Leo P. Rooff
City Cl k
Larry P. Burger