HomeMy WebLinkAbout2010-0985-11/01/2010RESOLUTION NO. 2010-985
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED DEVELOPMENT AGREEMENT WITH FAILOR
HURLEY PROPERTIES, LLC TO SELL AND CONVEY FOR
$1.00, PLUS COSTS, APPROXIMATELY 1.13 ACRES
OF CITY -OWNED PROPERTY GENERALLY LOCATED AT
THE NORTHWEST CORNER OF 18TH STREET AND BLACK
HAWK STREET, FOR THE CONSTRUCTION OF A NEW
3,520 SQUARE FOOT INDUSTRIAL BUILDING, WITH A
MINIMUM TAXABLE VALUE OF $230,000.00, AS
NOVEMBER 15, 2010, AT 5:30 P.M. IN CITY HALL
COUNCIL CHAMBERS, WATERLOO, IOWA AND
INSTRUCTING THE CITY CLERK TO PUBLISH THE
NOTICE OF HEARING.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
AS FOLLOWS:
Section 1. That the Council of the City of Waterloo, Iowa
shall meet at City Hall Council Chambers in the City of
Waterloo, Iowa at 5:30 p.m. on the 15th day of November, 2010,
for the purpose of considering and acting upon a proposed
Development Agreement with Failor Hurley Properties, LLC to sell
and convey for $1.00, plus costs, approximately 1.13 acres of
city -owned property generally located at the northwest corner of
18th Street and Black Hawk Street, for the construction of a new
3,520 square foot industrial building, with a minimum taxable
value of $230,000.00, and legally described as follows:
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 cc
being the intersection of the nc
Hawk Street and the westerly line
thence North 40045'47" East 2:
easterly line of Block 15 to thf
of the parcel described in City
Page 381, said corner being 73
the southeasterly corner of
40°14'30" West 304.70 feet along
of the parcel described in City
Page 381 to a point on the west
feet southwesterly of the northw(
Lot 5; thence North 40050158" E
said northwesterly corner of
rner of said Block 15,
rtherly line of Black
of West 18th Street;
4.50 feet along the
southeasterly corner
Lot Deed Book 545 at
feet northeasterly of
,ot 1; thence North
--he southwesterly line
Lot Deed Book 545 at
=_rly line Lot 5, 12.4
!sterly corner of said
Lst 12.40 feet to the
=,ot 5; thence North
46-55'42" West 65.y8 feet to the Northeasterly corner
of Block 16, Hayes Addition, said corner being the
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 49°01'25" East 65.94 feet to the
southwesterly corner of Block 15 in Hayes' Addition,
Resolution 2010-985
Page 2
said corner being the intersection of the easterly line
of West 17th Street and the northerly line of Black
Hawk Street; thence continuing South 49001'25" 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.
Section 2. That the City Clerk is hereby directed to
publish notice of the time and place of said hearing in the
Waterloo Courier.
PASSED AND ADOPTED this lst day of November, 2010.
Ernest G. Clark, Mayor
ATTEST:
Suzy ares, CMC
City Clef"k