HomeMy WebLinkAbout2012-1028-10/15/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1028
RESOLUTION FIXING THE TIME AND PLACE OF
HEARING AND NOTICE TO BE GIVEN ON THE
PROPOSED EXCHANGE AGREEMENT AND ASSIGNMENT OF
OFFER TO BUY REAL ESTATE AND ACCEPTANCE WITH
L AND H FARMS, LTD. 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, AS NOVEMBER 5, 2012, AT 5:30 P.M.
IN CITY HALL COUNCIL CHAMBERS, WATERLOO, IOWA
AND INSTRUCTING THE CITY CLERK TO PUBLISH THE
NOTICE OF HEARING.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
AS FOLLOWS:
Section 1. That the Council of the City of Waterloo, Iowa
shall meet at City Hall Council Chambers in the City of
Waterloo, Iowa at 5:30 p.m. on the 5th day of November, 2012, for
the purpose of considering and acting upon a proposed Exchange
Agreement and Assignment of Offer to Buy Real Estate and
Acceptance with L and H Farms, Ltd. 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, and
legally described as follows:
Farm Land
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 ',� SW 1-14) 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.
Resolution 2012-1028
Page 2
Section 2. That the City Clerk is hereby directed to
publish notice of the time and place of said hearing in the
Waterloo Courier.
PASSED AND ADOPTED this 15thd y of October, 2012.
E nest G. Clark, Mayor
ATTEST:
Suzy Sch res, CMC
City Clerk