HomeMy WebLinkAbout2025-386-07.07.2025.docDocusign Envelope ID: B5D0EEFF-A50D-8372-8193-585B17102E38
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-386
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY PROPERTY LOCATED AT 512 N. BARCLAY
STREET, IN THE AMOUNT OF $15,000.00, TO DHANI RE
INVESTMENTS LLC, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo owns certain real property located east of 512 N.
Barclay Street, which is deemed suitable for conveyance to support local development
initiatives; and
WHEREAS Dhani RE Investments LLC has expressed interest in purchasing said
property to facilitate development consistent with the City's land use plans and economic
development objectives; and
WHEREAS, the sale of the property for $15,000.00 is anticipated to promote future
development and economic activities, thereby potentially increasing property tax revenues and
benefitting the 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 city -owned property
located southeast of 512 N. Barclay Street to Dhani RE Investments LLC in the amount of
$15,000.00.
2. 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 7th day of July 2025.
ATTEST:
Signed by:
K.U.y ff1c6[t
�— F F8OBCOFFBC84AB...
Kelley Felchle, City Clerk
Signed by:
E77FBE142C3F475...
Quentin Hart, Mayor
Docusign Envelope ID: B5D0EEFF-A5OD-8372-8193-585B171O2E38
Resolution No. 2025-386
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 2025-386 as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 7th day of July 2026.
Witness my hand and seal of office this 7th day of July 2026.
,-Signed by:
KVA, ftleat
'-FF6OB OFFBC 4AB...
Kelley felchie, City Clerk
SEAL