HomeMy WebLinkAbout2023-644-10.16.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-644
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY, LOCATED NORTHEAST OF
3151 TITAN TRAIL, TO A&K VENTURES, LLC, IN THE
AMOUNT OF $1.00, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENTS, AND
RESCINDING RESOLUTION NO. 2023-474.
WHEREAS, the City of Waterloo, Iowa is the owner of property located at 3151 Titan
Trail, in the City of Waterloo, Iowa, and legally described as follows:
LOT 1, GREENBELT CENTRE PLAT NO. 2, EXCEPT PARCEL "H"
THEREOF ACCORDING TO PLAT OF SURVEY FILED 09/06/2022 AS
DOC. NO. 2023-3987, IN THE 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 A&K Ventures, LLC, and
WHEREAS, a public hearing was held on October 16, 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 A&K Ventures, LLC, for the construction of a 6,500 square foot building and
a 6,000 square foot addition on the property located at 3151 Titan Trail, 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 3151 Titan Trail, in the City of Waterloo, Iowa, as
fully described in the published notice in the Waterloo Courier on October 5, 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 A&K Ventures, LLC, to purchase the city -owned property located at
3151 Titan Trail, 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 A&K
Ventures, 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 A&K Ventures, LLC, upon execution of said document and
receipt of payment of $1.00.
Resolution 2023-644
Page 2
7. That Resolution No. 2023-474 is hereby rescinded in its entirety.
PASSED AND ADOPTED this 16th day of October 2023.
ATTEST:
a v t• C'Vety
LeAnn M. Even, Deputy City Cler
CERTIFICATE
F2v55
Ray Feuss, Mayor Pro Tem
I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify
that the preceding is a true and complete copy of Resolution No. 2023-644 as passed and adopted
by the City Council of the City of Waterloo, Iowa, on the 16th day of October 2023.
Witness my hand and seal of office this 16th day of October 2023.
, ,91 / 4/& ciVet2
LeAnn M. Even, Deputy City Cler
SEAL
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