HomeMy WebLinkAbout2025-591-10.20.2025.docDocusign Envelope ID: FC6FFF10-57C3-46D1-9826-EFDC21F34FOF
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-591
RESOLUTION APPROVING AND ACCEPTING AN
ACQUISITION CONTRACT AND APPROVING A DEED TO
SELL REAL PROPERTY TO THE CITY OF WATERLOO FOR
A PARTIAL RIGHT-OF-WAY ACQUISITION, AND
PERMANENT AND TEMPORARY EASEMENTS
AGREEMENTS WITH PRICE INVESTMENTS, LLC, IN THE
AMOUNT OF $25,000.00, LOCATED AT 1955 LOCKE
AVENUE, IN CONJUNCTION WITH THE LA PORTE ROAD
PHASE II RECONSTRUCTION PROJECT, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo is undertaking the La Porte Road Phase II
Reconstruction Project, requiring acquisition of property rights to facilitate construction; and
WHEREAS, Price Investments, LLC, located at 1955 Locke Avenue, has agreed to enter
into an Acquisition Contract for a partial right-of-way acquisition, as well as Permanent and
Temporary Easements; and
WHEREAS, the agreed compensation for these acquisitions and easements is $25,000.00,
which has been deemed fair and equitable; and
WHEREAS, the successful completion of this project necessitates these transactions to
improve transportation infrastructure and community accessibility.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The City Council approves the Acquisition Contract and Deed for the partial right-of-
way acquisition and the Permanent and Temporary Easements Agreements with Price
Investments, LLC, in the amount of $25,000.00.
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 20th day of October 2025.
DocuSigned by:
ATTEST: Quentin Harrtt Mayor
,-Signed by:
Wit, ftU&
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KelleFyPe rrchfe,4'ity Clerk
SEAL