HomeMy WebLinkAbout2023-284-05.01.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-284
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY, LOCATED
EAST OF 115 WARP DRIVE, TO DMJ DEVELOPMENT, LLC,
IN THE AMOUNT OF $1.00, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENTS.
WHEREAS, the City of Waterloo, Iowa is the legal owner of property located at 115
Warp Drive, in the City of Waterloo, Iowa, and legally described as follows:
LOT 5, WATERLOO AIR AND RAIL PARK 3RD ADDITION, CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA
and,
WHEREAS, an offer to purchase said parcel of real property, in the amount of $1.00, has
been made by DMJ Development, LLC, and
WHEREAS, a public hearing was held on May 1, 2023 at 5:30 p.m., as provided by law,
by the Council of the City of Waterloo, Iowa, on the proposal to sell and convey said premises
owned by the City of Waterloo, Iowa, to DMJ Development, LLC, and
WHEREAS, it is the opinion of this Council that the sale and conveyance should be made
as proposed.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA, AS FOLLOWS:
1. The above described property located at 115 Warp Drive, in the City of Waterloo,
Iowa, as fully described in the published notice in the Waterloo Courier April 21, 2023, is not
presently needed, and will not be needed in the foreseeable future for municipal purposes, and its
ownership is serving no municipal purpose.
2. That the offer of DMJ Development, LLC, to purchase said property located at 115
Warp Drive, in the City of Waterloo, Iowa, for the sum of $1.00, is hereby accepted for the real
property legally described above.
3. That the City of Waterloo, Iowa conveys said parcel of real property to DMJ
Development, LLC, by special warranty deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said special warranty deed, fully executed and acknowledged, is
hereby approved and confirmed by this Council.
6. That the Community Planning and Development Director is authorized and directed to
deliver said deed of conveyance to DMJ Development, LLC, upon receipt of the sum of $1.00.
PASSED AND ADOPTED this 1st day of May 2023.
Resolution 2023-284
Page 2
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
CERTIFICATE
Ray Feuss, Mayor Pro Tem
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. 2023-284 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 1st day of May 2023.
SEAL
A
u
Witness my hand and seal of office this 1st day of May 2023.
W
A
111111114 or or •
Kelley Felchle
Kelley Felchle, City Clerk
DIGITALLY
SIGNED