HomeMy WebLinkAbout2025-703-12.01.2025.docDocusign Envelope ID: 2A40818A-4C04-4B05-8CFC-A57BAE9A7CF0
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-703
RESOLUTION ACCEPTING AND APPROVING AN ACQUISITION
CONTRACT AND APPROVING A DEED TO CONVEY REAL
PROPERTY TO THE CITY OF WATERLOO, FOR A PARTIAL
RIGHT-OF-WAY ACQUISITION DCONTRACT IN THE AMOUNT
OF $1,308.00; A PERMANENT EASEMENT AGREEMENT IN THE
AMOUNT OF $5,799.00, AND A TEMPORARY EASEMENT
AGREEMENT IN THE AMOUNT OF $786.00, FOR A TOTAL
COMPENSATION AMOUNT OF $7,893.00, WITH METRO
INVESTMENTS WATERLOO, LLC, FOR THE PROPERTY
LOCATED AT 1326 LA PORTE ROAD, 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 progressing with the La Porte Road Phase II
Reconstruction Project, requiring specific land acquisitions; and
WHEREAS, an Acquisition Contract and Deed with Metro Investments Waterloo, LLC,
for property located at 1326 La Porte Road, have been negotiated for the following components:
Partial Right -of -Way Acquisition: $1,308.00
Permanent Easement Agreement: $5,799.00
Temporary Easement Agreement: $786.00
Total Compensation Amount: $7,893.00
WHEREAS, these acquisitions are essential to proceed with the planned infrastructure
improvements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1.The Acquisition Contract and Deed with Metro Investments Waterloo, LLC,
encompassing compensation as described above, are hereby approved.
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 1' day of December 2025.
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