HomeMy WebLinkAbout2011-374-05/09/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-374
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY GENERALLY
LOCATED ON GT DRIVE IN THE NORTHEAST
INDUSTRIAL PARK TO OFI PROPERTIES, LLC, FOR
$1.00, PLUS COSTS, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE AND DELIVER DEED
FOR SAME.
WHEREAS, the City of Waterloo, Iowa, is the owner of real
property in the City of Waterloo, Iowa, as described below, and
WHEREAS, an offer to purchase said certain parcel of real
property in the sum of $1.00, plus costs, has been made by OFI
Properties, LLC, and
WHEREAS, a public hearing was held on May 9, 2011, at 5:30
p.m. in the Council Chambers in 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 OFI Properties, LLC, and
WHEREAS, it is the opinion of this Council that 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 following described real property, as fully
described in the published notice in the Waterloo Courier on
May 5, 2011, is not presently needed and will not be needed in
the foreseeable future for municipal purposes and its ownership
is serving no municipal purpose, and
2. That the offer of OFI Properties, LLC to purchase real
property for the sum of $1.00, and costs, be and it is hereby
accepted for real property described below:
Lot 18, Northeast Industrial Park Plat No. 3, all in
the City of Waterloo, Black Hawk County, State of Iowa.
3. That the City of Waterloo, Iowa convey said parcel of
real property to OFI Properties, LLC by deed.
4.. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to OFI Properties, LLC.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to OFI Properties, LLC upon
receipt of the sum of $1.00, and costs.
I/
Resolution No. 2011-374
Page 2
PASSED AND ADOPTED this 9th day of May, 2011.
/rn'eees!ItMayor
ATTEST:
Suzy Schres, CMC
City Cle k