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HomeMy WebLinkAbout2024-564-09.16.2024 (RECORDED) 2024-21689 RECORDED:10/11/2024 11:07:18 AM RECORDING FEE:$12.00 REVENUE TAX:$ COMBINED FEE:$12.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-564 RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF CITY-OWNED PROPERTY LOCATED NEAR 919 AND 918 NEWELL STREET, IN THE AMOUNT OF $5,000.00 FOR EACH PROPERTY TO DELLATAN ASSET ACQUISITION, LLC, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS, the City of Waterloo, Iowa is the owner of property located near 919 and 918 Newell Street, in the City of Waterloo, Iowa, and legally described as follows: PHASE I: LOTS NOS. 10, 11 AND 12 IN BLOCK NO. 1 IN WARNEKA'S ADDITION TO THE CITY OF WATERLOO, IOWA. PHASE II: LOTS 2 THROUGH 7, INCISIVE, AND LOTS 14 THROUGH 20, INCLUSIVE, AND ALL OF THE VACATED ALLEY IN BLOCK 2 LYING BETWEEN LOTS 1 THROUGH 6 AND LOTS 15 THROUGH 20, ALL IN BLOCK NO. 2 IN "ROSE HILL RE-PLAT," WATERLOO, IOWA, and, WHEREAS, an offer to purchase said city-owned property, in the amount of$5,000.00 per lot, has been made by Dellatan Asset Acquisition, LLC, and WHEREAS, Dellatan Asset Acquisition, LLC has the option to acquire the Phase 2 property as stated in the Development Agreement entered into September 16, 2024, and WHEREAS, a public hearing was held on September 16, 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 Dellatan Asset Acquisition, 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 northwest of near 919 and 918 Newell Street, in the City of Waterloo, Iowa, as fully described in the published notice in the Waterloo Courier on September 7, 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 Dellatan Asset Acquisition, LLC to purchase the city-owned property, located northwest of near 919 and 918 Newell Street, in the amount of$5,000.00 per lot, 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. Resolution 2024-564 Page 2 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 Dellatan Asset Acquisition, LLC, upon execution of said deed and receipt of payment of$5,000.00 for the Phase 1 property. PASSED AND ADOPTED this 16`1' day of September 2024. USG/`a/L 9 (ar6 stcN�o — Quentin Hart, Mayor ATTEST: Kelley Felchle 8SI Nei Kelley Felchle, City Clerk CERTIFICATE 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. 2024-564 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 16th day of September 2024. Witness my hand and seal of office this 16th day of September 2024. 01GITALtY 7(elley Felchle Kelley Felchle, City Clerk SEAL W A 7. 0it A. .4 0 i FTT{ffff rr trrrr�Fr, 11 1,1[immiuulr11E1 • s, Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-564 RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF CITY -OWNED PROPERTY LOCATED NEAR 919 AND 918 NEWELL STREET, IN THE AMOUNT OF $5,000.00 FOR EACH PROPERTY TO DELLATAN ASSET ACQUISITION, LLC, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS, the City of Waterloo, Iowa is the owner of property located near 919 and 918 Newell Street, in the City of Waterloo, Iowa, and legally described as follows: PHASE I: LOTS NOS. 10, 11 AND 12 IN BLOCK NO. 1 IN WARNEKA'S ADDITION TO THE CITY OF WATERLOO, IOWA. PHASE II: LOTS 2 THROUGH 7, INCISIVE, AND LOTS 14 THROUGH 20, INCLUSIVE, AND ALL OF THE VACATED ALLEY IN BLOCK 2 LYING BETWEEN LOTS 1 THROUGH 6 AND LOTS 15 THROUGH 20, ALL IN BLOCK NO. 2 IN "ROSE HILL RE -PLAT," WATERLOO, IOWA, and, WHEREAS, an offer to purchase said city -owned property, in the amount of $5,000.00 per lot, has been made by Dellatan Asset Acquisition, LLC, and WHEREAS, Dellatan Asset Acquisition, LLC has the option to acquire the Phase 2 property as stated in the Development Agreement entered into September 16, 2024, and WHEREAS, a public hearing was held on September 16, 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 Dellatan Asset Acquisition, 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 northwest of near 919 and 918 Newell Street, in the City of Waterloo, Iowa, as fully described in the published notice in the Waterloo Courier on September 7, 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 Dellatan Asset Acquisition, LLC to purchase the city -owned property, located northwest of near 919 and 918 Newell Street, in the amount of $5,000.00 per lot, 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. Resolution 2024-564 Page 2 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 Dellatan Asset Acquisition, LLC, upon execution of said deed and receipt of payment of $5,000.00 for the Phase 1 property. PASSED AND ADOPTED this 16th day of September 2024. ATTEST: 7(elley Felchle Kelley Felchle, City Clerk CERTIFICATE ate W L �� W// li I✓ Y 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. 2024-564 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 16th day of September 2024. Witness my hand and seal of office this 16th day of September 2024. Kelley Felchle Kelley Felchle, City Clerk SEAL DIGITALLY t SIGNED