HomeMy WebLinkAbout2024-724-12.02.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-724
A RESOLUTION APPROVING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY LOCATED AT
715 MULBERRY STREET AND 626 MULBERRY STREET, IN
THE AMOUNT OF $1.00, TO FDP CD, LLC, AND
ACQUISITION OF 100 E. 4TH STREET, IN THE AMOUNT OF
$1.00, FROM FDP CD, LLC.
WHEREAS, the City of Waterloo, Iowa, is the owner of certain properties located at 715
Mulberry Street and 626 Mulberry Street; and
WHEREAS, FDP CD, LLC has proposed to acquire the said properties for the nominal
sum of One Dollar ($1.00); and
WHEREAS, in exchange, the City of Waterloo agrees to acquire property located at 100
E. 4th Street from FDP CD, LLC, for the nominal sum of One Dollar ($1.00); and
WHEREAS, the City Council finds this transaction to be in the public interest, benefiting
the community and furthering urban development goals; and
WHEREAS, all appropriate public notices have been issued regarding this transaction,
and a public hearing has been conducted in accordance with Iowa state law, Chapter 364.7 of the
Code of Iowa, on December 2, 2024, with no objections raised that hinder this transaction.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The sale and conveyance of the properties located at 715 Mulberry Street and 626
Mulberry Street to FDP CD, LLC, for the amount of One Dollar ($1.00) is hereby approved.
2. The acquisition of the property located at 100 E. 4th Street from FDP CD, LLC, for the
amount of One Dollar ($1.00) is hereby approved.
3. The Mayor and City Clerk are hereby authorized and directed to execute said
document on behalf of the City of Waterloo, Iowa.
4. This Resolution shall take effect immediately upon its adoption and approval.
PASSED AND ADOPTED this 2nd day of December 2024.
Qaefttl 91%CrE
Quentin Hart, Mayor
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
Resolution 2024-724
Page 2
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 2024-724 as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 2nd day of December 2024.
Witness my hand and seal of office this 2nd day of December 2024.
Kelley Felchle
Kelley Felchle, City Clerk
SEAL
A. 0