The URL can be used to link to this page

Home My WebLink About2022-517-08.01.2022 (RESCINDED) Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2022-517 RESOLUTION APPROVING A REAL ESTATE PURCHASE AGREEMENT WITH UNION DEVELOPMENT HOLDINGS, LLC, FOR A 10.78 ACRE PARCEL OF LAND OWNED BY THE CITY OF WATERLOO TO BE DEVELOPED FOR AT TOTAL OF AT LEAST 150 MULTIFAMILY UNITS, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA that the Real Estate Purchase Agreement dated August 1, 2022, between Union Development Holdings, LLC and the City of Waterloo, Iowa, for a 10.78 acre parcel of land owned by the City of Waterloo to be developed for at total of at least 150 multifamily units, and legally described as follows: f (LOT 1 OF THE PROPOSED NORTH CROSSING 3RD ADDITION) A PART OF AUDITOR'S PARCEL G, AS RECORDED IN DOCUMENT 92008-10309, ON FILE IN THE BLACK HAWK COUNTY RECORDER'S OFFICE IN WATERLOO, IOWA, IN THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 12, T89N, R13W OF THE FIFTH P.M., BLACK HAWK COUNTY, CITY OF WATERLOO, BEING=MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID QUARTER-QUARTER SECTION; THENCE NORTH 0056'11" WEST, 659.05 FEET ALONG THE WEST LINE OF SAID QUARTER-QUARTET SE�QTION; THENCE NORTH 89038'37" EAST, 33.00 FEET TO THE"POINT OF BEGINNING, SAID POINT ALSO BEING THE NORTHWEST CORNER OF SAID AUDITOR'S PARCEL G LOCATED ON THE EAST RIGHT-OF-WAY LINE OF EAST 4TH STREET; THENCE CONTINUING NORTH 89038'37" EAST, 885.55 FEET ALONG THE NORTH LINE OF SAID AUDITOR'S PARCEL G; THENCE SOUTH 0054'13" EAST, 292.68 FEET; THENCE SOUTH 55004'12" WEST, 236.62 FEET; THENCE �i SOUTH 0053'47" EAST, 103.98 FEET; THENCE SOUTH 79044'50" WEST, 378.06 FEET; THENCE SOUTH 89038'50" WEST, 316.03 FEET TO THE EAST RIGHT-OF-WAY LINE OF EAST 4TH STREET; THENCE NORTH 0056'11" WEST, 595.90 FEET ALONG SAID EAST RIGHT-OF-WAY LINE TO THE POINT OF BEGINNING. CONTAINING 10.78 ACRES, SUBJECT TO ANY EASEMENTS RECORDED OR UNRECORDED AND FURTHER SUBJECT TO EASEMENTS REQUIRED AS PART OF THE PENDING SUBDIVISION INFRASTRUCTURE. is hereby approved, and the Mayor and City Clerk are authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this I" day of August 2022. Quentin Hart, Mayor Resolution 2022-517 Page 2 ATTEST: Kelley Felchle, City Clerk CERTIFICATE /////�1111'11 I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is a true and complete copy of Resolution No. 2022-517 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the I" day of August 2022. Witness my hand and seal of office this lgt day of Aug-List 2022. e lley F le, City Clerk SEAL IPOM s,P�ERt�., t� ✓'''�/ � c NOUN %i ��i - II II II I0ll l III HIII IIIII IIII IIII I1011II III011011101 II ‘d- Doc ID: 011848890002 Type: GEN Recorded: 10/14/2022 at 11:24:35 AM Fee Amt: $12.00 Page 1 of 2 Black Hawk County Iowa SANDIE L. SMITH RECORDER File2 02 3-00006 1 5 5 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319)291-4323. RESOLUTION NO. 2022-517 RESOLUTION APPROVING A REAL ESTATE PURCHASE AGREEMENT WITH UNION DEVELOPMENT HOLDINGS, LLC, FOR A 10.78 ACRE PARCEL OF LAND OWNED BY THE CITY OF WATERLOO TO BE DEVELOPED FOR AT TOTAL OF AT LEAST 150 MULTIFAMILY UNITS, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA that the Real Estate Purchase Agreement dated August 1, 2022, between Union Development Holdings, LLC and the City of Waterloo, Iowa, for a 10.78 acre parcel of land owned by the City of Waterloo to be developed for at total of at least 150 multifamily units, and legally described as follows: (LOT 1 OF THE PROPOSED NORTH CROSSING 3RD ADDITION) A PART OF AUDITOR'S PARCEL G, AS RECORDED IN DOCUMENT #2008-10309, ON FILE IN THE BLACK HAWK COUNTY RECORDER'S OFFICE IN WATERLOO, IOWA, IN THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 12, T89N, R13W OF THE FIFTH P.M., BLACK HAWK COUNTY, CITY OF WATERLOO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID QUARTER-QUARTER SECTION; THENCE NORTH 0°56'11" WEST, 659.05 FEET ALONG THE WEST LINE OF SAID QUARTER-QUARTER SECTION; THENCE NORTH 89°38'37" EAST, 33.00 FEET TO THE POINT OF BEGINNING, SAID POINT ALSO BEING THE NORTHWEST CORNER OF SAID AUDITOR'S PARCEL G LOCATED ON THE EAST RIGHT-OF-WAY LINE OF EAST 4TH STREET; THENCE CONTINUING NORTH 89°38'37" EAST, 885.55 FEET ALONG THE NORTH LINE OF SAID AUDITOR'S PARCEL G; THENCE SOUTH 0°54'13" EAST, 292.68 FEET; THENCE SOUTH 55°04'12" WEST, 236.62 FEET; THENCE SOUTH 0°53'47" EAST, 103.98 FEET; THENCE SOUTH 79°44'50" WEST, 378.06 FEET; THENCE SOUTH 89°38'50"WEST, 316.03 FEET TO THE EAST RIGHT-OF-WAY LINE OF EAST 4TH STREET; THENCE NORTH 0°56'11" WEST, 595.90 FEET ALONG SAID EAST RIGHT-OF-WAY LINE TO THE POINT OF BEGINNING. CONTAINING 10.78 ACRES, SUBJECT TO ANY EASEMENTS RECORDED OR UNRECORDED AND FURTHER SUBJECT TO EASEMENTS REQUIRED AS PART OF THE PENDING SUBDIVISION INFRASTRUCTURE. is hereby approved, and the Mayor and City Clerk are authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 1st day of August 2022. Qu ,�(/�"1//'i L 5-Uri piG1'Aiiv � SIGtJED Quentin Hart,Mayor Resolution 2022-517 Page 2 ATTEST: 7(effey EeCchCe °'°12" Kelley Felchle, City Clerk CERTIFICATE I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is a true and complete copy of Resolution No. 2022-517 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 1st day of August 2022. Witness my hand and seal of office this 1st day of August 2022. Ke(ley Feicl/e f' SlGtdfO Kelley Felchle, City Clerk SEAL � 1 _p "tERt�' j • . Ow Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2022-517 RESOLUTION APPROVING A REAL ESTATE PURCHASE AGREEMENT WITH UNION DEVELOPMENT HOLDINGS, LLC, FOR A 10.78 ACRE PARCEL OF LAND OWNED BY THE CITY OF WATERLOO TO BE DEVELOPED FOR AT TOTAL OF AT LEAST 150 MULTIFAMILY UNITS, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA that the Real Estate Purchase Agreement dated August 1, 2022, between Union Development Holdings, LLC and the City of Waterloo, Iowa, for a 10.78 acre parcel of land owned by the City of Waterloo to be developed for at total of at least 150 multifamily units, and legally described as follows: (LOT 1 OF THE PROPOSED NORTH CROSSING 3RD ADDITION) A PART OF AUDITOR'S PARCEL G, AS RECORDED IN DOCUMENT #2008-10309, ON FILE IN THE BLACK HAWK COUNTY RECORDER'S OFFICE IN WATERLOO, IOWA, IN THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 12, T89N, R13W OF THE FIFTH P.M., BLACK HAWK COUNTY, CITY OF WATERLOO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID QUARTER -QUARTER SECTION; THENCE NORTH 0°56' 11" WEST, 659.05 FEET ALONG THE WEST LINE OF SAID QUARTER -QUARTER SECTION; THENCE NORTH 89°38'37" EAST, 33.00 FEET TO THE POINT OF BEGINNING, SAID POINT ALSO BEING THE NORTHWEST CORNER OF SAID AUDITOR'S PARCEL G LOCATED ON THE EAST RIGHT-OF-WAY LINE OF EAST 4TH STREET; THENCE CONTINUING NORTH 89°38'37" EAST, 885.55 FEET ALONG THE NORTH LINE OF SAID AUDITOR'S PARCEL G; THENCE SOUTH 0°54'13" EAST, 292.68 FEET; THENCE SOUTH 55°04'12" WEST, 236.62 FEET; THENCE SOUTH 0°53'47" EAST, 103.98 FEET; THENCE SOUTH 79°44'50" WEST, 378.06 FEET; THENCE SOUTH 89°38'50" WEST, 316.03 FEET TO THE EAST RIGHT-OF-WAY LINE OF EAST 4TH STREET; THENCE NORTH 0°56' 11" WEST, 595.90 FEET ALONG SAID EAST RIGHT-OF-WAY LINE TO THE POINT OF BEGINNING. CONTAINING 10.78 ACRES, SUBJECT TO ANY EASEMENTS RECORDED OR UNRECORDED AND FURTHER SUBJECT TO EASEMENTS REQUIRED AS PART OF THE PENDING SUBDIVISION INFRASTRUCTURE. is hereby approved, and the Mayor and City Clerk are authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 1st day of August 2022. Otter -Ern Ilari Quentin Hart, Mayor Resolution 2022-517 Page 2 ATTEST: K,elley Eelchle Kelley Felchle, City Clerk CERTIFICATE I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is a true and complete copy of Resolution No. 2022-517 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 1st day of August 2022. SEAL o 404 Witness my hand and seal of office this 1st day of August 2022. 11/00 ll�llllll�m ...��= Kelley Felchle, City Clerk