HomeMy WebLinkAbout2025-737-12.15.2025.docDocusign Envelope ID: E34EFEFE-BC09-410C-B60C-8BE932E5F543
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-737
RESOLUTION APPROVING AND ACCEPTING AN
ACQUISITION CONTRACT WITH HI YIELD, LLC TO SELL
REAL PROPERTY TO THE CITY OF WATERLOO FOR
DEVELOPMENT OF THE AREA, IN THE AMOUNT OF
$18,080.00, LOCATED TO THE NORTHEAST OF 105 E. 9TH
STREET, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENTS.
WHEREAS the City of Waterloo, Iowa, is committed to the development and
revitalization of local areas to enhance community infrastructure and growth; and
WHEREAS, Hi Yield, LLC, has agreed to sell property located to the northeast of 105 E.
9th Street to the City for development purposes; and
WHEREAS, the Acquisition Contract has been negotiated for the purchase price of
Eighteen Thousand Eighty Dollars ($18,080.00), aligning with the City's strategic development
initiatives.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Acquisition Contract with Hi Yield, LLC, for the purchase of the property is
hereby approved and accepted.
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 15th day of December 2025.
,-DocuSigned by:
latAijitA, (fart
'-D05«D78 G8449.
Quentin iart,Mayor
ATTEST:
p-Signed by:
Key f&
—Fr608 n4A6
Kelley tes i le, City Clerk
SEAL