HomeMy WebLinkAbout2016-378-5/23/2016 Prepared by Kelley Felchle, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION'NO. 2016-378
RESOLUTION, APPROVING THE EXCHANGE AGREEMENT -AND
ASSIGNMENT OF REAL ESTATE CONTRACT BETWEEN THE
CITY. OF WATERLOO AND L & H 'FARMS, LTD. FOR THE
ACQUISITION OF PROPERTY IN BLACK HAWK COUNTY FOR
EXCHANGE'OF PROPERTY IN THE-SAN MARNAN TIF DISTRICT
IN THE AMOUNT OF $338,625 FOR 10.16 ACRES, AND UP TO
$10,000 IN CLOSING COSTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
_., that the Exchange Agreement and Assignment of Real Estate Contract dated May 23, 2016, for
the acquisition of 10.16 acres of land in Black Hawk County, in the amount of$338,625 and up
to $10,000 in closing costs, in exchange for property in the San Marnan TIF District, legally
described as follows:
THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER(NE '/, SE 1/4) OF
SECTION 10, TOWNSHIP 87 NORTH, RANGE 14 WEST OF THE,5TH P.M. IN
BLACK HAWK COUNTY, IOWA, EXCEPT THE PART THEREOF DESCRIBED IN
THE PLAT OF SURVEY RECORDED AS DOC.NO. 2014-04688.
between L&H Farms, LTD and the City of Waterloo, Iowa, is hereby approved.
PASSED AND ADOPTED this 23`d day of May, 2016.
lj
Quentin Hart, Mayor
ATTEST:
Suzy Schar s, CMC
City Clerk
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