HomeMy WebLinkAbout2025-362-06.16.2025.docDocusign Envelope ID: C5437E67-2B88-4253-9B6F-D49108784CF5
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-362
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF 7.57 ACRES OF CITY -OWNED PROPERTY, LOCATED
NORTH OF 4050 LEVERSEE ROAD TO ZYDECO
INVESTMENTS, LLC IN THE AMOUNT OF $712,000.00, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo owns certain real property located east of 4050
Leversee Road, which is deemed suitable for conveyance to support local development
initiatives; and
WHEREAS, Zydeco Investments, LLC has proposed to purchase the subject property,
totaling 7.57 acres, for the amount of $712,000.00, representing its fair market value; and
WHEREAS, the conveyance of this property is expected to stimulate economic growth,
enhance property utilization, and contribute positively to the local community; and
WHEREAS, the City Council has determined that the sale is in the best interest of the
City and its residents in promoting urban development;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The City Council hereby approves the sale and conveyance of 7.57 acres of city -
owned property located north of 4050 Leversee Road to Zydeco Investments, LLC for the
amount of $712,000.00.
2. The City Council acknowledges that this transaction serves the public interest by
supporting economic development and enhancing the city's tax base.
3. The Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 16th day of June 2025.
-DocuSigned by:
C iw Nir(
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Quentin Hart, Mayor
ATTEST:
(—Signed by: e
74,17
N ancy rat, treputy City Clerk