HomeMy WebLinkAbout2010-1014-11/15/2010RESOLUTION NO. 2010-1014
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF APPROXIMATELY 1.13 ACRES OF
CITY -OWNED PROPERTY GENERALLY LOCATED AT THE
NORTHWEST CORNER OF 18TH STREET AND BLACK
HAWK STREET FOR $1.00, PLUS COSTS, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE AND DELIVER DEED FOR SAME.
WHEREAS, the City of Waterloo, Iowa, is the owner of real
property in the City of Waterloo, Iowa, as described below, and
WHEREAS, an offer to purchase said certain parcels of real
property in the sum of $1.00, plus costs, has been made by Failor
Hurley Properties, LLC, and
WHEREAS, a public hearing was held on November 15, 2010, at
5:30 p.m. in the Council Chambers in 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 Failor Hurley Properties, LLC, and
WHEREAS, it is the opinion of this Council that 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 following described real property, as fully
described in the published notice in the Waterloo Courier on
November 9, 2010, is not presently needed and will not be needed
in the foreseeable future for municipal purposes and its
ownership is serving no municipal purpose, and
2. That the offer of Failor Hurley Properties, LLC to
purchase real property for the sum of $1.00, and costs, be and it
is hereby accepted for real property described below:
A survey of Parcel "F" as shown on Plat of Survey Doc.
#2007 014335, that part of Lots 1 and 10 and the
vacated alley in Block 15 of Hayes' Addition lying east
of said Parcel "F" and south of the southwesterly line
described in City Lot Deed Book 545 at Page 381 and
vacated West 17th Street lying northwesterly of Black
Hawk Street and southwesterly of that portion of West
17th Street vacated in Miscellaneous Book 83 at Page
168, in the City of Waterloo, Black Hawk County, Iowa,
and being further described as follows:
Beginning at the southeasterly corner of said Block 15,
being the intersection of the northerly line of Black
Hawk Street and the westerly line of West 18th Street;
thence North 40045'47" East 224.50 feet along the
easterly line of Block 15 to the southeasterly corner
of the parcel described in City Lot Deed Book 545 at
Page 381, said corner being 73 feet northeasterly of
the southeasterly corner of Lot 1; thence North
40°14'30" West 304.70 feet along the southwesterly line
of the parcel described in City Lot Deed Book 545 at
Page 381 to a point on the westerly line Lot 5, 12.4
feet southwesterly of the northwesterly corner of said
Lot 5; thence North 40°50'58" East 12.40 feet to the
said northwesterly corner of Lot 5; thence North
48°55'42" West 65.98 feet to the Northeasterly corner
of Block 16, Hayes Addition, said corner being the
Resolution No. 2010-1014
Page 2
intersection of the westerly line of West 17th Street
and the southerly line of River Street; thence South
40050'06" West 283.53 feet along the easterly line of
Block 16 to the southeasterly corner of Block 16, said
corner being the intersection of the westerly line of
West 17th Street and the northerly line of Black Hawk
Street; thence South 49001'25" East 65.94 feet to the
southwesterly corner of Block 15 in Hayes' Addition,
said corner being the intersection of the easterly line
of West 17th Street and the northerly line of Black
Hawk Street; thence continuing South 49001125" East
227.28 feet along the southerly line of said Block 15
to the point of beginning containing 93,315 square feet
(2.14 acres) and reserving an easement over, under and
across the Westerly 66 feet of the described parcel
(formerly West 17th Street) for utility installation
and maintenance, all in the City of Waterloo, Black
Hawk County, Iowa;
for $1.00, plus costs.
3. That the City of Waterloo, Iowa, convey said parcels of
real property to Failor Hurley Properties, LLC by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Failor Hurley Properties, LLC.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to Failor Hurley Properties, LLC
upon receipt of the sum of $1.00, and costs.
PASSED AND ADOPTED this 15th day of November, 2010.
rnest G. Clark, Mayor
ATTEST:
S, Y
�y Scha _es, _CMC
City Cler