HomeMy WebLinkAbout2012-1068-11/05/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1068
RESOLUTION APPROVING EXCHANGE AGREEMENT WITH
L AND H FARMS, LTD. AND ASSIGNMENT OF OFFER
TO BUY REAL ESTATE AND ACCEPTANCE AND
DIRECTING EXECUTION OF SAID DOCUMENTS BY
MAYOR.
BE.IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Exchange Agreement and Assignment of Offer to Buy Real
Estate and Acceptance dated November 5, 2012, for the acquisition
of property in Black Hawk County for exchange of property in the
San Marnan TIF District in the amount of $333,000.00 for 8.375
acres of land acquired and an Option Exchange Agreement, legally
described as follows:
Farm T,anr]
The North Half of the Northwest Quarter of Section 26,
Township 88 North, Range 13 West of the 5th P.M., Black
Hawk County, Iowa, except the North 55 feet thereof,
and except the East 1,722 feet thereof, and except the
South 470 feet of the North 525 feet of the West 230
feet thereof, and except the South 310 feet of the
North 835 feet of the West 330 feet thereof (22.2 acres
more or less).
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of record and
not of record.
Development Land
The South 142.5 feet of the North 185.5 feet of the
North Half of the Southwest Quarter (N %g SW 1-4) in
Section No. 9, Township No. 88 North, Range No. 13 West
of the Fifth Principal Meridian, Black Hawk County,
Iowa, EXCEPT that part thereof conveyed to the City of
Waterloo in a deed filed March 14, 2012 as Doc. No.
2012-16922 in the Office of the Black Hawk County
Recorder.
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of record and
not of record;
by and between L and H Farms, Ltd. of Waterloo, Iowa and the City
of Waterloo, Iowa, be and the same is hereby approved, and the
Mayor and City Clerk authorized to execute the same in behalf of
the City of Waterloo, Iowa.
PASSED AND ADOPTED this
ATTEST:
1
Suzy Sch res, CMC
City Cle k
5th day of November, 2012.
W 11-f /J
Ernest G. Clark, Mayor