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HomeMy WebLinkAbout2025-730-12.15.2025.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. 2025-730 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 IN THE AMOUNT OF $624.00; A PERMANENT EASEMENT AGREEMENT IN THE AMOUNT OF $11,288.00, FOR A TOTAL COMPENSATION AMOUNT OF $11,912.00, WITH CRV, INC., FOR THE PROPERTY LOCATED AT 1607 AND 1621 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, Iowa, is engaged in the La Porte Road Phase II Reconstruction Project to improve local infrastructure and traffic management; and WHEREAS, the project requires a partial right-of-way and a permanent easement on properties located at 1607 and 1621 La Porte Road, owned by CRV, Inc.; and WHEREAS, the following agreements have been negotiated for approval: • Acquisition Contract and Deed for partial right-of-way in the amount of Six Hundred Twenty -Four Dollars ($624.00). • Permanent Easement Agreement in the amount of Eleven Thousand Two Hundred Eighty -Eight Dollars ($11,288.00). WHEREAS, the total compensation for these transactions is Eleven Thousand Nine Hundred Twelve Dollars ($11,912.00), in accordance with city and project needs. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The Acquisition Contract, Deed, and Permanent Easement Agreement with CRV, Inc. are hereby accepted and 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 15th day of December 2025. ATTEST: ,-Signed by: KW, f Kel1ey`f- City Clerk SEAL 4. Vilig jr. 0 rowel, ere CDocuSigned by: A'f atAittilA, D0525D78AAC8449... Quentin Hart, Mayor • II141Uu11P11111111111 • y ---- y 0