HomeMy WebLinkAboutWelch-Todd & Irene-Total Acquisition Contract-03.16.2009 TOTAL ACQUISITION CONTRACT ; 34 6,- a9
PARCEL NO. 8913-12-151-017 COUNTY Black Hawk
PROJECT Virden Creek Drainage Way Project ROAD NO. N/A r1,d Ct,p, 9-065 - 1 ?
THIS AGREEMENT is made and entered into this day of February 9, 2009, A.D, 20 09 by and between
Todd& Irene Welch Seller, and City of Waterloo, Iowa, Buyer.
1. SELLER AGREES to sell and furnish to Buyer a deed, on form(s) furnished by the Buyer, and Buyer agrees to buy the
following real estate, hereinafter referred to as the premises, situated in pads of the following (1/4 1/4
Sec./Twp./Rge.) OR (Lot/Blk./Subdiv.): See attached legal Descriptions County (or City) of Waterloo, State of
Iowa,which includes the following buildings, improvements and other property:Temporary Easements.
The premises also include all estates; rights, title and interests, including all easements, and all advertising devices
and the right to erect such devices as are located thereon.
2. Possession of the premises is the essence of this contract and Buyer may enter and assume full use and
enjoyment of the premises per the terms of this contract. SELLER GRANTS Buyer the immediate right to enter the
premises for the purpose of gathering survey and soil data. SELLER MAY surrender possession of the premises or
building or improvement or any part thereof prior to the time at which he has hereinafter agreed to do so, and
agrees to give Buyer ten (10) days notice of Seller's intention to do so by calling Buyer at (319) 291-4366.
3. Buyer agrees to pay and SELLER AGREES to grant the right of possession, convey title and to surrender physical
possession of the premises as shown on or before the dates listed below.
Payment Amount Agreed Performance Date
$ on right of possession February 9, 2009
$ moving costs
$ relocation payment
$ on possession
$ 47,000 TOTAL LUMP SUM
BREAKDOWN:
Land by Fee Title: 3.69 acres. $ 45,560 Temporary Easement: 1.44 acres $1,440
4. SELLER WARRANTS that there are no tenants on the premises holding under the lease except:
NA
5. This contract shall apply to and bind the legal successors in interest of the Seller and SELLER AGREES to pay all
liens and assessments against the premises, including all taxes and special assessments payable until surrender of
possession as required by Section 427.2 of the Code of Iowa, and agrees to warrant good and sufficient title.
Names and addresses of lienholders are: Black Hawk County, Iowa, 2.) Unknown until completion of Abstract
Continuation
6. Each page and each attachment is by this reference made part hereof and the entire agreement consists of 8
pages.
7. Buyer may include mortgagees, lienholders, encumbrances and taxing authorities as payees on warrants as
contract payment. SELLER WILL furnish and deliver to the City of Waterloo, Iowa, an abstract of title continued to
date showing merchantable title to the premises in Seller. Buyer agrees to pay the cost of abstract continuation, or
creation, as necessary. SELLER AGREES to obtain court approval of this contract, if requested by the Buyer, if title to
the premises becomes an asset of any estate, trust, conservatorship or guardianship. Buyer agrees to pay court
approval costs and all other costs necessary to transfer the premises to the Buyer, but not attorney fees. Claims for
such transfer costs shall be paid in amounts supported by paid receipts or signed bills.
8. If the Seller holds title to the premises in joint tenancy with full rights of survivorship and not as tenants in common at
the time of this contract, Buyer will pay any remaining proceeds to the survivor of that joint tenancy and will accept
title solely from that survivor, provided the joint tenancy has not been destroyed by operation of law or acts of the
Seller.
9. SELLER AGREES to keep general liability insurance, payable to all parties as their interests may appear from this date
until delivery of the deed and possession. Buyer shall notify all insurance companies of this contract. In case of loss
or destruction of part or all of the premises from causes covered by the insurance, SELLER AGREES to accept the
1
lump sum payment to endorse the proceeds of any such insurance recovery to the Buyer, and SELLER ASSIGNS the
proceeds of any such insurance recovery to the Buyer, and SELLER ASSIGNS to Buyer any and all of Seller's rights
under such insurance contract.
10. The Seller has agreed to sell the property to the Buyer of the real estate described in Number 1 above. Buyer
acknowledges if the real estate is not voluntarily sold to Buyer through friendly negotiations, Buyer may exercise its
power of eminent domain, provided it is deemed essential by the City Council to keep the Virden Creek Drainage
Way project moving forward, to acquire the real estate. Buyer agrees to cooperate with Seller to have this
transaction qualify as an involuntary conversion pursuant to§1033 of the Internal Revenue Code.
11. This agreement shall become effective only upon the occurrence of the following three items: acceptance and
approval of the contract by the City Council of the City of Waterloo; the environmental clearance of the land in
accordance with Phase I site assessment and recommended subsequent activities (attached and made a part of
this contract).
12. This written contract constitutes the entire agreement between Buyer and Seller and there is no agreement to do or
not to do any act or deed except as specifically provided herein.
13. The attached items listed on pages are a part of this contract, as if fully set forth herein.
SELLER'S SIGNATURE AND CLAIMANT'S CERTIFICATION: Upon due approval and execution by the Buyer, we the
undersigned claimants certif the total lump sum payment shown herein is just and unpaid.
---r-aj,xx. 4 G��li y��/� xx. 49/ 45 / U*3�
Todd etch Social Security Number
, Jvon..._),_. VU1/4-P---'0,ta 9A__
Irene M. Welch Social Security Number
SELLER'S ACKNOWLEDGMENT:
STATE OF IOWA: SS:
On this 4* day of I tstizz 4 , 20 06) , before me, the undersigned, perso' • •••;ared Todd A. Welch & Irene
M. Welch known to me to be the identical persons named in and who -- ut-d e .oregoing instrument and
acknowledged that they executed the same as their voluntary act and deed.
Al LUKE LE EN EI� :.4 L A
'••a is '.n No. '64i6 Notary Public i , • . Asp
�Y Co r .Expires c-tu the State of Iowa
APPROVAL COMMEN wj p
`1.��i 3, m,0
City Planner ' ' '''"")AV' / (Date)
APPROVED BY: -`741 ATTEST�'�
(Mayor) Pr o'f-c,nn cQ (City Clerk/Auditor)
DATE APPROVED: 3— IL— 0
BUYER'S ACKNO EDG ENT:
STATE OF IOWA, OUNTTY, SS:
On this) day of AtWit,„2 , AD 20(a, before me, the undersigned, a Notary Public in and for said County, in
said State, personally appeared Timothy J. Hurley and Nancy Eckert to me personally known, who, before by me duly
sworn, did say that they are the MAYOR and CITY CLERK UUIIQB, respectively, of said City executing the within and
foregoing instrument to which this is attached, that the seal affixed thereto is the seal of said City; that said instrument
was signed and sealed on behalf of said City by authority of it's City Council; and that the said MAYOR and CITY
CLERK/AUDITOR, acknowledged the execution of said instru t tp be the (olun ary act and deed of said City, by it
and by them voluntarily executed. l
` Ota y Public in and for said unty
?WS
•
50' TEMPORARY EASEMENT 180'
-1
ANNY LINDA� ran IRrRE bE�r�
W . L -Az 74— 2003 035661
1 — - - - - - - - - - � - - - - _ 150 /
TODD AND IRENE WELCH NANCY WERNER [ 1 ,.
160,539.27 SO FT 004 002832 I200
j I
1
M 1
j G 1
1 I .. i
j I 1 \
RONNIE THOMPSON & I I
RANDEE RISSLER i "' j y\
LO 573712 j
33' PROPOSED ROW 1
200' EASEMENT I f r j
1—
I
'
100' TEMPORARY EASEMENT 1
j
I j
1 uj ' RICH�RD & [FIE.
cc' z ezr I La 5j45457 1
CITY OF WATERLOO �I Q I
LO 569248 0. o 1 I 1
I
I
occj a , M 1 1
a; z I 1 1
o I I
/ z I . i I
/
GATES PARK YOUTH �-
PARK BASKETBALL U
LEAGUE, INC. w
2003 018976 I I I 1
1
I I 1
3 1
o I 1 1
ix I
0 I I t
RICHARD AND HELEN ANDERSON z 1
i
377,742.96 SD FT INCLUDING PROPOSED ROW - I I 1
X I - i
w I
I . I
I
i 1
1
0 I j
cc
I � j 1
WATERLOO BAPTIST TEMPLE 0 I
I
cn
2003 012358 w I U. l 1
60' 4 I
if
I50 TEMPORARY EASEMENT
•
30,0 NOISIA3a .pN i ax'""'w,oi"'""M-so'eva..a,'
LD/LZ/[ 3LvQ 3flSSI �Ni,�narTS'aanioaiiN3ay'5a1anwDN3 b) 'OO1N3IVM - 1,1213d02Jd NOl3M JR
539 :A8 43AOaddV , M ;. S# l30Ntld h.-0�3
:AN NMVNC ON( 1N W V � !Yid NoI1lSlflooy
O
O
N
MOSIMINIV 411IVHDR1''Na-on
o
o_
3„LF,84.00S ,69'L66
4/L MN t-/L MS ,LO'OSL N„LC.917.00N o
3Nil '3 h
W N
r0 a 0 Jo
End d w
•La =� 3 YQ
OW Z 3 Z- crUj O�
d li dZ W0 o0 i
e d- -In 6CZ> <co
�\ ��o p-Q M
Lai- ix
z3 wp0 >w)f)¢'�
00 0Mcota�„)
4 < YJ 0a 0I-N v)<�n0
a oI gz o o
W W�IDZ 0L,
co
M 'I O 1-I-¢ 1"'
W Z t`.IN to Z
p O m CC
0 O M LLI
a o)
Z N m¢O Z co
¢ �0�Z O OJ p
1-4
O "co II-- U ¢Cc N)o W fn
2-1 tp w ¢•• ZO¢d >-d Z
U. wL 000�p Z z =
O ro Z O o I w c0 1- p 3 t- ¢ 0 U
V) cx
to N aZ p O �7 U F- z Zci_i }
w CC¢0 (f)5 Z 0 Z ¢ W Z Q
U
O `' w J 0 a W W Y I ' ( O Z W 0 Z
W O O Q Z `�V W O O m 0 O
H-{ 3 N M R n r • m N ON 2 co N m f W W m
W <t O W J \M O O }
�aZ7 It) Z Z .- N M z W n z Z W
f-� -+ ZCY) N 3 0 ,t,¢ 0 O O I
T, aJ L. to 0 t� a O Cr)
V1 Q U
a m E.>
H 0 z 1 0 • o 0
• a a
II a
NQ Z 31�..�
W Z0 =aNa wW v>
T pp ~w��`p w
l 1- W• O Q J
\\..// WOJ W\ W I-Nr)Nce
cc
N� tL zoo 0
3g 03 o00 upZ w ')b
too <Z • 0 Z�OJ p 's' K
co
a cv �¢ L.L.
�W�Wt,i s3 N
corn S) W�� M
re Z.
ce 3nr7�r) 3i1.)1
1 La _ocp<t�
O b W $ 'Z CY N O)O CY W } `� �i
CC
CO CC
\ 100.00' �m o�z a -3Zoys
• p ` p �wz ! ! d
o r§0, 1 `r oN W L
H
;N �' H
O t[) liLa ~w 0 X�•W �m
a' to \, 1-v)Dti\ gm 1 - $ 4
QQ~ tL wN zu
co h
ai
3 W0 !li1
m � 0zd 1 r w Q0= :+ W
n C.� N Z) 0 ZF 0 0 \ 0 =n w U i j �'
o A �g WOF0 �62Q-= M -aoga i ; �o,
\ to N ¢ °)t,W 3F-
5
'co
to Z t ¢p21 °DZ . 0 \� pi ,, Z
w o L. I--co ar)7 0 w pl /p� a • w , ,
54
0 L. ¢ Q�N iy a 'n 'Q N25 � 0o� m
t- Z 0 0) ap? n Li W % •,w
O-IU Z !n N W¢ 0 U "sr.J, K O,:C:
29 CMH .S'n/3fN3AV NV00I n ram Z IdZ w O'fl n p ¢ Ih
ca9 a Z trio
�w U Luz
m=p w t, n 11\\\‘\\!:/ ",-�cl W O r W =coo J=Z \\
¢0 n U r-N H fn IY ¢1-J U)
,31VO I NOISIA3a ON LO/LZ/L•
31V0 3f1551 ""�3Nf1pWarMq'oow3�r,x smara.rm' o
I 9NIA3htlf)$'3tlN1]3LN]Ny''JNIN33NI9N3� urvinelal>I33a� N3oaln N wR
S30 AB: 03A0MddV ^ S{{ 1€3 3 , 1838a 1110 'AB NMVtlO 0 N I `1 N 3 W V 118IHX3 1N3W3SV3 ANV80,001 cs
I
cm
l )�
i nl
NOS/ UNN'QJV1.13I11'8 NH131-1
3.,L£.9 .00S ,697.66 Z -N, \ o0
ti/L MN 4/1. MS 10'0S1 M„L£,8ti.00N
3NIl '3
0
\ __Io
\ w w
0
vla n.d
O \ mU =\
to
O W Z 3
aW dZ U
w U
Z
M�"� -71 \o 0 m m
F-4 3-1-
DM cmv�i z
I---I 01-CCCCw 0 0 o r
w
Z N
wo`� UU }a z z
rv� \ avv Z Z <
W ,,
c�
CD
= < Ld
W o z Z }
\ z ¢o w z o
�I o COmv, cm w 0 CD z w
CCO 0 z m 0 O
HI \ Cl, w 0 wcl
o ow CO
ZI 0 03 w o W =? o ll¢ o 0 0 cm
ro d- CO o W a w ' a w N c> w a a In
_ \ 1-0 C9 p tM O
1. co O
rn N O I
tr I,.z M Lilr 0 � O O
ro M(9 -2LiF0 d a
"'� w 6� O m to• W
Cl) W \s O Q wo ZO p�0�
W \d� O W U 1-p w r j N
'� d zz Z Uz • ZOO
a \� W a zz wao m>w •o Zo
3 r a�
zcs4 0 d
tz
U = 0 0 . 0 Z N J J�
O \ ).,
V Q J N~ Z O W W
zzO d z 3 Y Q
O @ w 0 o =o m-' w w O
r �F 1,A2
t-OZvari w wio C0io I
\ <L O ww wwUW J �-1)j LYZ��QO^0
O rQ�0 N 0) w J w 00 ix O O -->
I �`'I J Q O• 00 ~M Wan M J Z I[')O
I W h } w ZOO �WNp�
\ MO
\cc w� o3�z 0M OrooN v�i¢umi0�
zN 3a �O 30�0
'^1O N •
I a Z ZU N=hW Iwi.
L._LJ M O f m OW \Q O 0 Md' M M D'
1111'_��__- O \ F-K li UO •
Or}' cm
Q O U)
\ W v)O z6gb O W Q x
Wcr
100.00' zo oo •
�o 'd=0w w g oFg�
N \ p OJ NZ Zd wf-rU = 0 w�O co
\ \ N00'43'12' �� d\ =O=z N r Sz}o
•
wg zcm \ rr1- (0 2 r mo
0 o u> oU 0� � � vi z zloo
mz
M Q N \W Q M Z W W‹d 0 0 Owwz
F r Q
A < = \ liwm\ < W } �v)MCC
a w d' ONLip-0 0 dc < cmo
W �7 zL Oj ova r� •ZZ * 0 C • m,_Z3
\ z0 \� �w ow rn Q� N Q ma cro�Z
�> C2 N V)O = Z r W� Q K N v)
10 V)m LP :'-'
N
Od� Z w w 0�L. OO M}
co
:1� w' cm ES ZJ tb�N � w cn
W CC I-Ul O �5 QO
5�" N O 8 w J U r In V)Z Z U U <w h z a ZU
•NS J I.o w zN wwwai3 CO Q Qw o Q 1d
NZ J mY o M� ot>oww n in- F-v)csi aaz3
a a3 � } Mw wwwo_m o - i-t�tO MU)NI1
< < 0M 222 aw a
s9 AMH 'S'n/3nN3nv NVOO'I <x < 3 0 - I-I-I-v)o v) z ,- cv cm