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HomeMy WebLinkAbout2025-493-09.02.2025.docDocusign Envelope ID: C4978F2E-82F2-46F0-871A-D36AF8715D03 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-493 RESOLUTION APPROVING REQUEST BY THE WATERLOO REGIONAL AIRPORT TO RELEASE 13.0 ACRES OF AIRPORT PROPERTY KNOWN AS PARCEL G AND PARCEL H, FOR THE AMOUNT OF $577,800.00, TO THE CITY OF WATERLOO, IOWA FOR CONTINUED DEVELOPMENT, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE ALL FORMAL LAND RELEASE DOCUMENTS AS REQUIRED AND SUBMIT SAID DOCUMENTS TO THE FEDERAL AVIATION ADMINISTRATION. WHEREAS, the Waterloo Regional Airport has requested the release of approximately 13.0 acres of airport property known as Parcel G and Parcel H for the proposed sale to the City of Waterloo at a price of $577,800.00; and WHEREAS, the release and subsequent transfer of these parcels are intended to support the City's goals for continued development, thereby contributing to municipal growth and economic opportunities; and WHEREAS, it is necessary to complete all formalities and compliance measures required by the Federal Aviation Administration (FAA) to effectuate release and ensure alignment with federal regulations governing airport properties. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The release of 13.0 acres of airport property known as Parcel G and Parcel H from the Waterloo Regional Airport to the City of Waterloo for the amount of $577,800.00 is hereby approved. 2. The Mayor and City Clerk are authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa and facilitate the submission of these documents to the FAA for final approval. PASSED AND ADOPTED this 2nd day of September 2025. ATTEST: "—Signed by: Kett fdde —F ouB�uF- �6v B... Kelley Felch'le, City Clerk SEAL 0 DocuSigned by: CDOSAD7oAAC8449... Quentin Hart, Mayor