HomeMy WebLinkAbout26258-04.16.1979 RESOLUTION NO. ��
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A RESOLUTION AUTHORIZING THE SALE OF DISPOSAL PARCEL NO. J-36 IN THE WESTFIELD
VIRDEN URBAN RENEWAL AREA, PROJECT NO. IOWA R-7
WHEREAS, an Urban Renewal Plan for the Westfield-Virden Urban Renewal
Area, Project Iowa R-7, adopted by the City Council of the City of Waterloo, Iowa
by Ordinance No. 2319, passed on the 2nd day of February, 1965 and amended by
Ordinance No. 2329, passed on the 6th day of April, 1965 and Ordinance No. 2321
on the 14th day of September, 1965.
WHEREAS, the sale of a parcel of land described as Disposal Parcel
in the Westfield-Virden Urban Renewal Area, Project No. Iowa R-7, more particularly
described as:
SEE ATTACHED EXHIBIT "A"
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 Commercial under the zoning
ordinance of the City of Waterloo and said Urban Renewal Plan;
WHEREAS, Wood Products Company has made an offer to purchase said
parcel of land for the sum of $3,400.00, 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 Westfield-Virden Urban Renewal Area, Project
Iowa R-7, more particularly described as:
SEE ATTACHED EXHIBIT "A"
as set forth in the Proposal to Purchase Property for Private Redevelopment executed by
Wood Products Company 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 Wood Products Company
is based on the Proposal to Purchase Property for Private Redevelopment submitted by
Wood Products Company
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 Three Thousand Four Hundred
Dollars ($3,400.00) is the fair market value of the land.
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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 Wood Products Company
to purchase said parcel and to give a deed to the same after hearing and notice.
7. That the City Clerk 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.
Passed and adopted this lb day of �; , 19 7`
Mayor
ATTEST: Leo P. Rooff
City Clerk
Katherine Gibbs
hXiilbl ( UESLRIN I lUN
DISPOSAL PARCEL NO. J-36
WESTFIELD-VIRDEN URBAN RENEWAL, IOWA R-7 EXHIBIT "A"
CITY OF WATERLOO, IOWA
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LOT 51
. SCALE I 50
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DESCRIPTION:
ALL THAT PART OF LOTS 50 AND 61 IN MORRIS CASE ADDITION TO THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA, DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF SAID LOT 51 WHICH
POINT IS 75 FELT SOUTHWESTERLY FROM THE EASTERLY CORNER OF SAID LOT 51 ;
THENCE NORTHWESILRLY ALONG A STRAIGH1 LINE TO A POINT ON THE SOUTH-
WESTERLY LINE OF 1HE NORTHEASTERLY 54 FEET OF SAID LOT 51 , WHICH POINT
IS 25 FEET NORTHWESTERLY FROM THE SOUTHEASTERLY LINE OF SAID LOT 51 AS
MEASURED PARALLEL WITH THE NORTHEASTERLY LINE OF SAID LOT 51 ; THENCE
NORTHWESTERLY ALOrtG THE SOUTHWESTERLY LINE OF THE NORTHEASTERLY 54 FEET
OF SAID LOT 51 10 THE NORTHWESTERLY LINE OF SAID LOT 51 ; THENCE SOUTH-
WESTERLY ALONG IHL_ NORTHWESTERLY LINE OF SAID LOTS 61 AND 50 TO THE
WESTERLY CORNER Ur SAID LOT 50; THENCE SOUTHEASTERLY ALONG THE SOUTH -
WESTERLY LINE Of- )AID LOT 50 TO THE SOUTHERLY CORNER OF SAID LOT 50;
'THENCE NORIHEASIL LY ALONG THE SOUTHEASTERLY LINE OF SAID LOTS 50 AND
51 TO THE POINT 0 BEGINNING.
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CONTAINING APPROXIMAI LY 20, 363 SQUARE FELT.
PNEPAIEO BY:
URICE, PETRIDES 4 ASSOCIATES, INC.
WATERLOO, IOWA