HomeMy WebLinkAbout26597-10.22.1979 RESOLUTION NO. }, r 6' 41
A RESOLUTION RESCINDING RESOLUTION NO. 26357 ADOPTED JUNE 18, 1979 AND RESOLUTION
NO. 26423 ADOPTED JULY 23, 1979 AND A RESOLUTION AUTHORIZING THE SALE OF DISPOSAL
PARCEL NO. 42 IN THE LOGAN AVENUE URBAN RENEWAL AREA, PROJECT NO. IOWA R-2
WHEREAS, an Urban Renewal Plan for the Logan Avenue Urban Renewal Area,
Project No. Iowa R-2, was adopted by the City Council of the City of Waterloo,
Iowa, by Ordinance No. 2202 passed on the 3rd day of January, 1961.
WHEREAS, the sale of a parcel of land described as Disposal Parcel
in the Logan Avenue Urban Renewal Area, Project No. Iowa R-2, situated in Black
Hawk County, Iowa, more particularly described as :
All of Lots 1, 2, 3, 4 & 5, Block 67, in the Cooley Addition to
Waterloo, Black Hawk County, Iowa
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 Residential under the zoning
ordinance of the City of Waterloo and said Urban Renewal Plan;
WHEREAS, M.P.H Development Company, Inc. has made an offer to purchase
said parcel of land for the sum of Sixteen thousand eight hundred Dollars ($16,800.00)
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 Logan Avenue Urban Renewal Area, Project
Iowa R-2, more particularly described as :
All of Lots 1, 2, 3, 4 & 5, Block 67, in the Cooley Addition to
Waterloo, Black Hawk County, Iowa
as set forth in the Proposal to Purchase Property for Private Redevelopment executed by
M.P.H Development Company, Inc. 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 M.P.H Development Company, Inc.
is based on the Proposal to Purchase Property for Private Redevelopment submitted by
M.P.H Development Company, Inc.
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 Eight Hundred
Dollars ($16,800.00) 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 M.P.H Development Company, Inc. to purchase said parcel and to give a
deed to the same after hearing and notice.
7. That the City Council 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.
8. That Resolution No. 26357 dated June 18, 1979 and Resolution No.
26423 dated July 23, 1979 be rescinded.
Passed and adopted this ;t, _u ! day of 'C . /',. � , 1979.
/s/
Leo Rooff
Mayor
ATTEST:
Is'
Katherine Gibbs
City Clerk
CERTIFICATE
I, Michelle Temeyer, Deputy City Clerk/Auditor of the City
of Waterloo, Iowa, do hereby certify that attached hereto is a
true and complete copy of Resolution No. 26597 , as passed and
adopted by the Council of the City of Waterloo, Iowa, on the 22nd
day of October, 1979.
Witness my hand and seal of office this 5th day of June,
1991 .
Michelle Temeyer, Dep ty City Clerk/Auditor