HomeMy WebLinkAbout2024-128-03.04.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-128
RESOLUTION APPROVING THE REAL ESTATE PURCHASE
AGREEMENT WITH DHANI RE INVESTMENTS, LLC, FOR
PROPERTY LOCATED AT 310 UPLAND DRIVE, IN THE
AMOUNT OF $400,000.00 PLUS UP TO $2,000.00 IN
CLOSING COSTS, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
that the Real Estate Purchase Agreement dated March 4, 2024, between Dhani Re Investments,
LLC and the City of Waterloo, Iowa, in the amount of $400,000.00 plus up to $2,000.00 in
closing costs, for property located at 310 Upland Drive, and legally described as follows:
LOT 22 AND THE WEST 75 FEET OF LOT 23 IN "PARKVIEW GARDENS"
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA EXCEPT
THOSE PARTS CONVEYED TO THE STATE OF IOWA BY DEEDS
RECORDED IN 418 DEEDS 495 AND 474 DEEDS 575.
ALSO DESCRIBED AS PARK VIEW GARDENS, WATERLOO, THE WEST
75 FEET OF LOT 23, AND ALL OF LOT 22, EXCEPT THAT PART OF LOTS
22 AND 23 WHICH LIES NORTHWESTERLY OF LINE 100 FEET
NORMALLY DISTANT SOUTHEASTERLY OF AND PARALLEL TO THE
CENTER LINE OF US HIGHWAY 63; SITUATED IN THE COUNTY OF
BLACK HAWK AND STATE OF IOWA
is hereby approved, and the Mayor and City Clerk are authorized and directed to execute
said documents on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 4th day of March 2024.
62uer 9-(4r�
Quentin Hart, Mayor
ATTEST:
(elley Felchle
Kelley Felchle, City Clerk
Resolution 2024-128
Page 2
CERTIFICATE
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. 2024-128 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 4th day of March 2024.
SEAL
411
Witness my hand and seal of office this 4th day of March 2024.
fro re fed Are FP
0
•
0
Kelley Felchle
Kelley Felchle, City Clerk