HomeMy WebLinkAbout2024-338-06.03.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-338
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY LOCATED AT 1738 FLOWER
STREET, IN THE AMOUNT OF $10,000.00, TO BABIC
PROPERTIES, LLC, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa is the owner of property located at 1738 Flower
Street, in the City of Waterloo, Iowa, and legally described as follows:
THE SOUTHWESTERLY 150 FEET OF LOT NO. 7 IN LITTLEFIELD
ADDITION, CITY OF WATERLOO, IOWA, BLACK HAWK COUNTY,
IOWA.
WHEREAS, an offer to purchase said city -owned property, in the amount of $10,000.00
has been made by Babic Properties, LLC, for the construction of an 8-plex apartment building,
and
WHEREAS, a public hearing was held on June 3, 2024, 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 Babic Properties, LLC, 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 1738 Flower Street, in the City of Waterloo, Iowa,
as fully described in the published notice in the Waterloo Courier on May 25, 2024, 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 Babic Properties, LLC to purchase the city -owned property, located
1738 Flower Street, in the amount of $10,000.00, for the construction of an 8-plex apartment
building, is hereby accepted for said property.
3. That the City of Waterloo, Iowa is conveying said property 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
convey said property to Babic Properties, LLC, upon execution of said deed and receipt of
payment of $10,000.00.
PASSED AND ADOPTED this 3rd day of June 2024.
Resolution 2024-338
Page 2
ATTEST:
Kelley Feichle
Kelley Felchle, City Clerk
CERTIFICATE
62cterdciz 9-Ur(
DIGITALLY
SIGNED
Quentin Hart, Mayor
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. 2024-338 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of June 2024.
Witness my hand and seal of office this 3rd day of June 2024.
Kelley Felchle
Kelley Felchle, City Clerk
SEAL