HomeMy WebLinkAbout2010-601-7 /12/2010RESOLUTION NO. 2010-601
RESOLUTION ACCEPTING AND APPROVING
ACQUISITION OF PROPERTY GENERALLY LOCATED AT
306-308 JEFFERSON STREET 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
306-308 Jefferson Street 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 subiect address is:
Owners - Teamsters Local Union 650 Bldg
Address - 306-308 Jefferson Street
Total Acquisition - $157,020.00 plus up to $10,000.00
in closing costs
The Northwesterly Forty (40) feet of Lot No. Four (4)
and the Southeasterly Ten (10) feet of Lot No. Five (5)
in Block No. Fourteen (14) in the Original Plat; on the
West Side of the Cedar River in the City of Waterloo,
Black Hawk County, Iowa.
PASSED AND ADOPTED this
ATTEST:
7
�7
Suzy Sc ares, CMC
City Clerk
12th day
of
July,
F,
2010.
/
'?, 'e'o /
� K
Ernest
G.
Clark,
Mayor