HomeMy WebLinkAbout2012-1036-10/22/2012i
Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1036
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF APPROXIMATELY 13 ACRES OF CITY -
OWNED PROPERTY GENERALLY LOCATED ALONG THE
WEST SIDE OF NORTHEAST DRIVE, SOUTH OF MARTIN
LUTHER KING, JR. DRIVE AND JUST SOUTH OF THE
RAILROAD TRACKS FOR $1.00, PLUS COSTS, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE AND DELIVER DEED FOR SAME.
WHEREAS, the City of Waterloo, Iowa is the owner of real
property in the City of Waterloo, Iowa, as described below, and
WHEREAS, an offer to purchase said certain parcel of real
property has been made by Stick Brothers, L.L.C. in the sum of
$1.00, plus costs, and
WHEREAS, a public hearing was held on October 22, 2012, at
5:30 p.m. in the Council Chambers in City Hall, Waterloo, Iowa,
as provided by law, by the Council of the City of Waterloo, Iowa,
on the proposal to sell and convey premises owned by the City of
Waterloo, Iowa, to Stick Brothers, L.L.C., and
WHEREAS, it is the opinion of this Council that sale and
conveyance should be made as proposed.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, AS FOLLOWS:
1. The following described real property, as fully
described in the published notice in the Waterloo Courier on
October 16, 2012, is not presently needed and will not be needed
in the foreseeable future for municipal purposes and its
ownership is serving no municipal purpose, and
2. That the offer of Stick Brothers, L.L.C. to purchase
real property for the sum of $1.00, and costs, be and it is
hereby accepted for real property described below:
A parcel of land located in the Southeast 1/4 of the
Southwest 1/4, the Northeast 1/4 of the Southwest 1/4,
and the Northwest 1/4 of the Southeast 1/4, all in
Section 20, Township 89 North, Range 12 West of the
Fifth Principal Meridian, Waterloo, Black Hawk County,
Iowa, more particularly described as follows:
Commencing at the Southwest corner of the Southeast 1/4
of said Section 20; thence South 89°32'32" West on the
South line of the Southwest 1/4 of said Section 20 a
distance of 663.43 feet to the Southwest corner of the
East 1/2 of the Southeast 1/4 of the Southwest 1/4 of
said Section 20; thence North 01°00'42" West on the
West line of the East 1/2 of the Southeast 1/4 of the
Southwest 1/4 of said Section 20 a distance of 1,289.91
feet to the point of beginning of the parcel herein
described; thence continuing North 01000142" West on
the West line of the East 1/2 of the Southeast 1/4 of
the Southwest 1/4 of said Section 20 a distance of
37.97 feet to the Northwest corner of the East 1/2 of
Resolution No. 2012-1036
Page 2
the Southeast 1/4 of the Southwest 1/4 of said Section
20; thence North 01004128" West on the West line of the
East 1/2 of the Northeast 1/4 of the Southwest 1/4 of
said Section 20 a distance of 646.85 feet to the
Southeasterly right-of-way line of the Union Pacific
Railroad; thence North 78058106" East on the
Southeasterly right-of-way line of the Union Pacific
Railroad a distance of 93.70 feet to the North line of
the South 1/2 of the Northeast 1/4 of the Southwest 1/4
of said Section 20; thence North 89034'40" East on the
North line of the South 1/2 of the Northeast 1/4 of the
Southwest 1/4 of said Section 20 a distance of 568.51
feet to the Northeast corner of the South 1/2 of the
Northeast 1/4 of the Southwest 1/4 of said Section 20;
thence North 89°26'35" East on the North line of the
South 1/2 of the Northwest 1/4 of the Southeast 1/4 of
said Section 20 a distance of 396.44 feet; thence
Southwesterly on a 502.96 -foot radius curve concave
Northwesterly and having a 469.69 -foot long chord
bearing South 37°53'03" West a distance of 488.69 feet
(arc length); thence South 65046'38" West a distance of
828.62 feet to the point of beginning.
Containing 11.01 acres.
Basis of bearings: The South line of the Southwest 1/4
of said Section 20 is assumed to bear South 89032132"
West for the purpose of this description.
And,
A parcel of land located in the Northeast Quarter of
the Southwest Quarter (NE SW), and the Northwest
Quarter of the Southeast Quarter (NW SE), all in
Section 20, Township 89 North, Range 12 West, Black
Hawk County, Iowa, described as:
That part of the North One-half of the Northeast
Quarter of the Southwest Quarter, and that part of the
North One-half of the Northwest Quarter of the
Southeast Quarter, all lying Westerly of a line
parallel with and 75 feet West of the centerline of
Northeast Drive, and lying Southerly of the Union
Pacific Railroad right-of-way.
3. That the City of Waterloo, Iowa convey said parcel of
real property to Stick Brothers, L.L.C. by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Stick Brothers, L.L.C.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to Stick Brothers, L.L.C. upon
receipt in the sum of $1.00, and costs.
Resolution No. 2012-1036
Page 3
PASSED AND ADOPTED this 22nd day of October, 2012.
za
Ernest G. Clark, Mayor
ATTEST:
Suzy Schar fs, CMC
City Clerk