HomeMy WebLinkAbout2023-510-08.21.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-510
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY LOCATED EAST OF 2200
FALLS AVENUE TO 3 STOOGES, 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 owner of property located east of 2200
Falls Avenue, in the City of Waterloo, Iowa, and legally described as follows:
LOTS 409 THROUGH 415 IN GALLOWAY ADDITION, CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA, EXCEPT THOSE
PORTIONS OF SAID LOTS INCLUDED IN PARCEL "I" PER PLAT OF
SURVEY RECORDED AS DOC. NO. 2022-23300
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 August 21, 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 two 4,800 square foot commercial
buildings, with a minimum assessed value of $500,000.00, 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 east of 2200 Falls Avenue, in the City of Waterloo,
Iowa, as fully described in the published notice in the Waterloo Courier on August 12, 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, located east of
2200 Falls Avenue, in the City of Waterloo, Iowa, in the amount of $1.00, is hereby accepted for
said property.
3. That the City of Waterloo, Iowa conveys said parcel of real property to 3 Stooges,
LLC, by quit claim deed.
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said quit claim 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.
PASSED AND ADOPTED this 21st day of August 2023.
Resolution 2023-510
Page 2
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
CERTIFICATE
Queri-an »- r1
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. 2023-510 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 21st day of August 2023.
Witness my hand and seal of office this 21 st day of August 2023.
Kelley Felchle, City Clerk
SEAL