HomeMy WebLinkAbout2010-803-09/07/2010RESOLUTION NO. 2010-803
RESOLUTION ACCEPTING AND APPROVING
ACQUISITION OF PROPERTY GENERALLY LOCATED AT
302 JEFFERSON STREET IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA AS SET OUT IN THE
DOWNTOWN MASTER PLAN OF REDEVELOPMENT
CRITERIA AND STANDARDS FOR MORATORIUM AREA
FOR $90,500.00 PLUS UP TO $10,000.00 IN
CLOSING COSTS.
WHEREAS, the City of Waterloo, Iowa, has had the parcel
described herein appraised and the fair market value ascertained,
and
WHEREAS, the acquisition of the hereinafter described parcel
is in conjunction with the Downtown Master Plan Update, dated
August 2003, which recommends acquisition for uses that primarily
contribute to the entertainment economic strategy for the
downtown as a whole, and
WHEREAS, acquisition of said property at 302 Jefferson
Street falls within the Downtown Master Plan priorities.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the contract for the parcel hereinafter
described to sell the same to the City of Waterloo, Iowa, all of
which is situated in the City of Waterloo, Black Hawk County,
Iowa, is accepted and approved and the Mayor and City Clerk are
authorized and directed to execute the same in behalf of the City
and to execute all instruments necessary to consummate the
agreement to purchase the property from the owners thereof, and
the deed for the conveyance of the same is also accepted and
approved and the City of Waterloo is directed to pay for the
property from City funds.
The subiect address is:
Owners - Shane D. and Kathy R. Bohlmann
Address - 302 Jefferson Street
Total Acquisition - $90,500.00 plus up to $10,000.00 in
closing costs
The Northeast 90 feet of the Northwest 50 feet of Lot
No. 5 in Block No. 14 in the Original Plat, on the West
Side of the Cedar River, in the City of Waterloo, Black
Hawk County, Iowa.
PASSED AND ADOPTED this
ATTEST:
Suzy SVhares, CMC
City Clerk
7th day of September, 2010.
4irnest G. Clark, Mayor