HomeMy WebLinkAbout2023-438-07.17.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-438
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY LOCATED AT THE
SOUTHEAST CORNER OF LEVERSEE ROAD AND HYPER
DRIVE TO 3 STOOGES, LLC, IN THE AMOUNT OF $1.00,
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS, AND
RESCINDING RESOLUTION NO. 2023-247.
WHEREAS, the City of Waterloo, Iowa is the owner of property located at the southeast
corner of Leversee Road and Hyper Drive, in the City of Waterloo, Iowa, and legally described as
follows:
LOTS 1 AND 2, WATERLOO AIR AND RAIL PARK 2ND ADDITION,
EXCEPT THE SOUTH 145.15 FEET, CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA
WHEREAS, an offer to purchase said city -owned property, in the amount of $1.00, has
been made by 3 Stooges, LLC, and
WHEREAS, a public hearing was held on July 17, 2023 at 5:30 p.m. in the Harold E.
Getty Council Chambers, City Hall, Waterloo, Iowa, as provided by law, by the Council of the
City of Waterloo, Iowa, on the proposal to sell and convey premises owned by the City of
Waterloo, Iowa, to 3 Stooges, LLC, for the construction of a 50,000 square foot warehouse, 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 city -owned property located at the southeast corner of Leversee Road and Hyper
Drive, in the City of Waterloo, Iowa, as fully described in the published notice in the Waterloo
Courier on July 8, 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 3 Stooges, LLC, to purchase the city -owned property, in the amount
of $1.00, located at the southeast corner of Leversee Road and Hyper Drive, in the City of
Waterloo, Iowa, is hereby accepted for said property.
3. That the City of Waterloo, Iowa conveys said parcel of real property to 3 Stooges,
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 3 Stooges, LLC, upon execution of said document and receipt
of payment of $1.00.
7. That Resolution No. 2023-247 is hereby rescinded in its entirety.
Resolution 2023-438
Page 2
PASSED AND ADOPTED this 17th day of July 2023
Quettha 9ir1
ATTEST:
Xelley Fe<cFiCe
Kelley Felchle, City Clerk
CERTIFICATE
Quentin Hart, Mayor
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. 2023-438 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 17th day of July 2023.
Witness my hand and seal of office this 17th day of July 2023.
Kelley FeCcFiCe
Kelley Felchle, City Clerk
SEAL
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