HomeMy WebLinkAbout2024-514-09.03.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-514
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY -OWNED PROPERTY LOCATED SOUTHEAST OF
1907 BLACK HAWK STREET, IN THE AMOUNT OF $1.00 TO
5 BEES, LLC, IN ACCORDANCE WITH THE MASTER
DEVELOPMENT AGREEMENT APPROVED ON DULY 13,
2020, FOR THE CONSTRUCTION OF A NEW 5,000 SQUARE
FOOT BUILDING WITH A MINIMUM ASSESSED VALUE OF
$375,000.00, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo, Iowa is the owner of property located southeast of
1907 Black Hawk Street, in the City of Waterloo, Iowa, and legally described as follows:
HAYES ADDITION PARCEL I OF SE 1/4 SEC 25 T 89 R 13 LYING IN BLK
15 AND FORMALLY A PART OF PARCEL FAS SHOWN IN DOC 2007-
014335 DESC AS COM AT SELY COR BLK 15 HAYES ADD TH N 49 DEG
01 MIN 25 SEC W 5 FT ALONG SLY LINE BLK 15 TO PT OF BEG TH N 24
DEG 27 MIN 43 SEC E 426.10 FT TO PT ON SWL Y LINE OF PARCEL
DEED B 545 P 381 PT BEING 75 FT NWL Y OF ELY TERMINUS OF THAT
LINE TH N 40 DEG 14 MIN 30 SEC W 154.78 FT ALONG PARCEL DESC
CLO B 545 P 381 TH S 40 DEG 50 MIN 06 SEC W 259.58 FT ALONG A
LINE PAR WITH AND 140 FT DISTANT TO ELY LINE BLK 16 HAYES
ADD TO SLY LINE BLK 15 TH S 49 DEG 01 MIN 25 SEC E 222.28 FT
ALONG SAID SLY LINE BLK 15 TO PT OF BEG EXC NWL Y 45.94 FT IN
EVEN WIDTH AS MEASURED ALONG NL Y ROW LINE BLACK HAWK
ST.
WHEREAS, an offer to purchase said city -owned property, in the amount of $1.00 has
been made by 5 Bees, LLC, for the construction of a new 5,000 square foot building with a
minimum assessed value of $375,000.00, and
WHEREAS, a public hearing was held on September 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 5 Bees, 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 southeast of 1907 Black Hawk Street, in the City of
Waterloo, Iowa, as fully described in the published notice in the Waterloo Courier on August 22,
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 5 Bees, LLC to purchase the city -owned property, located southeast
of 1907 Black Hawk Street, in the amount of $1.00, for the construction of a new 5,000 square
foot building with a minimum assessed value of $375,000.00, is hereby accepted for said
property.
3. That the City of Waterloo, Iowa is conveying said property by special warranty deed.
Resolution 2024-514
Page 2
4. That the Mayor and City Clerk are authorized and directed to execute said deed.
5. That the original of said special warranty 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 5 Bees, LLC, upon execution of said deed and receipt of payment of
$1.00.
PASSED AND ADOPTED this 3rd day of September 2024.
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
CERTIFICATE
Ray Feuss, Mayor Pro Tem
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. 2024-514 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 3rd day of September 2024.
SEAL
•
Witness my hand and seal of office this 3rd day of September 2024.
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Kelley Felchle
Kelley Felchle, City Clerk