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HomeMy WebLinkAbout2026-011-01.05.2026.docDocusign Envelope ID: COD9B10B-7A05-432A-A2D4-3EADF4AD28DC Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-011 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 CONTRACT IN THE AMOUNT OF $2,728.00, AND A TEMPORARY EASEMENT AGREEMENT IN THE AMOUNT OF $1,523.00, FOR A TOTAL COMPENSATION AMOUNT OF $4,251.00, WITH PEBBLE HILL, LLC, FOR THE PROPERTY LOCATED AT 714 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 undertaking the La Porte Road Phase II Reconstruction Project, which requires the acquisition of property and easements to improve and expand city infrastructure; and WHEREAS, Pebble Hill, LLC, is the owner of certain real property located at 714 La Porte Road, Waterloo, Iowa, which is essential for the successful completion of this infrastructure project; and WHEREAS, the City has negotiated a Partial Right -of -Way Acquisition Contract in the amount of $2,728.00, and a Temporary Easement Agreement in the amount of $1,523.00, for a total compensation amount of $4,251.00, with the property owner; and WHEREAS, this acquisition and the accompanying temporary easement are vital for facilitating the necessary improvements within the project scope. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The Acquisition Contract and deed to convey real property to the City for a Partial Right -of -Way and Temporary Easement Agreement with Pebble Hill, LLC, are hereby accepted and approved. 2. The total compensation amount of $4,251.00 is recognized as fair consideration for the acquisition and temporary easement needed for the project. 3. The Mayor and City Clerk are authorized and directed to execute said document on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 5th day of January 2026. Signed by: 15bt,suA, D8 D3FODA4FE474... Davi Boesen, Mayor Docusign Envelope ID: COD9B10B-7A05-432A-A2D4-3EADF4AD28DC Resolution 2026-011 Page 2 ATTEST: Signed by: Uhl f Kelley retcrue,uity Clerk SEAL