HomeMy WebLinkAbout2010-599-7 /12/2010RESOLUTION NO. 2010-599
RESOLUTION ACCEPTING AND APPROVING
ACQUISITION OF PROPERTY GENERALLY LOCATED AT
300 WEST MULLAN AVENUE (GRAND HOTEL) IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, the City of Waterloo, Iowa, has had the parcel
described herein appraised and the fair market value ascertained,
and
WHEREAS, the acquisition of the hereinafter described parcel
is in conjunction with the Downtown Master Plan Update, dated
August 2003, which recommends acquisition for uses that primarily
contribute to the entertainment economic strategy for the
downtown as a whole, and
WHEREAS, acquisition of said property generally located at
300 West Mullan Avenue falls within the Downtown Master Plan
priorities,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the contract for the parcel
hereinafter described to sell the same to the City of Waterloo,
Iowa, all of which is situated in the City of Waterloo, Black
Hawk County, Iowa, is accepted and approved and the Mayor and
City Clerk are authorized and directed to execute the same in
behalf of the City and to execute all instruments necessary to
consummate the agreement to purchase the property from the owners
thereof, and the deed for the conveyance of the same is also
accepted and approved and the City of Waterloo is directed to pay
for the property from City funds.
The sublect address is:
Owners - 190 Orange Avenue
Address - 300 West Mullan Avenue (Grand Hotel)
Total Acquisition - $800,000.00 plus up to $20,000.00
in closing costs
Parcel A in Part of Lot No. 30 in "Auditor's Falls
Avenue and Mullen Avenue Plat" in the City of Waterloo,
Black Hawk County, Iowa, described as follows:
Commencing at the most Southerly corner of Lot 30;
thence North 48 degrees, 50 minutes 00 seconds West,
along the Southwesterly line of said Lot 30, a distance
of 323.07 feet to the Point of Beginning; thence
continuing along said Southwesterly line, North 48
degrees 50 minutes 00 seconds West a distance of 243.81
feet; thence North 62 degrees 55 minutes 58 seconds
East, a distance of 222.89 feet; thence North 83
degrees 45 minutes 11 seconds East, a distance of 78.78
feet; thence South 57 degrees 07 minutes 37 seconds
East a distance of 103.99 feet; thence South 48 degrees
50 minutes 00 seconds East, a distance of 17.47 feet;
thence South 43 degrees 43 minutes 43 seconds West, a
distance of 280.28 feet to the point of beginning.
Parcel B in Part of Lot No. 30 in "Auditor's Falls
Avenue and Mullen Avenue Plat" in the City of Waterloo,
Blackhawk County, Iowa, described as follows:
U
Resolution No. 2010-599
Page 2
Beginning at the most Southerly corner of Lot 30;
thence North 48 degrees 50 minutes 00 seconds West,
along the Southwesterly line of said Lot 30, a distance
of 323.07 feet; thence North 43 degrees 43 minutes 43
seconds East, a distance of 280.28 feet; thence South
48 degrees 50 minutes 00 seconds East, a distance of
311.36 feet; thence South 41 degrees 20 minutes 00
seconds West, a distance of 280.00 feet to the point of
beginning.
PASSED AND ADOPTED this 12th day
of
July,
2010.
Ernest
G.
Clark,
Mayor
ATTEST:
i
Suzy Sc h res, CMC
City Clerk