HomeMy WebLinkAbout2013-1039-12/16/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-1039
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF 0.72 ACRES OF EAST RIDGEWAY
AVENUE RIGHT-OF-WAY, ADJACENT TO 2002-2018
EAST RIDGEWAY AVENUE, FOR $1.00, PLUS COSTS,
AND AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE AND DELIVER DEED FOR SAME.
WHEREAS, the City of Waterloo, Iowa is the owner of real
property in the City of Waterloo, Iowa, as described below, and
WHEREAS, an offer to purchase said certain parcel of real
property has been made by Proactive Holdings IV, LLC n/k/a
Crossing Point, LLC in the sum of $1.00, plus costs, and
WHEREAS, a public hearing was held on December 16, 2013, at
5:30 p.m. in the Council Chambers in City Hall, Waterloo, Iowa,
as provided by law, by the Council of the City of Waterloo, Iowa,
on the proposal to sell and convey premises owned by the City of
Waterloo, Iowa, to Proactive Holdings IV, LLC n/k/a Crossing
Point, LLC, and
WHEREAS, it is the opinion of this Council that sale and
conveyance should be made as proposed.
NOW, THEREFORE, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, AS FOLLOWS:
1. The following described real property, as fully
described in the published notice in the Waterloo Courier on
December 9, 2013, is not presently needed and will not be needed
in the foreseeable future for municipal purposes and its
ownership is serving no municipal purpose, and
2. That the offer of Proactive Holdings IV, LLC n/k/a
Crossing Point, LLC to purchase real property for the sum of
$1.00, and costs, for real property described below:
A part of the public right of way of East Ridgeway
Avenue, also being a part of the Northeast Fractional
Quarter (NE frl 1,4) of Section Two (2), Township Eighty-
eight (88) North, Range Thirteen (13) West of the 5th
Principal Meridian, City of Waterloo, Black Hawk
County, Iowa, all of the above more particularly
described as follows:
Beginning at the Northeast corner of Parcel `D', Plat
of Survey recorded as Doc. No. 2005-19147 in the office
of the Black Hawk County, Iowa Recorder; Thence North
89036'10" East, 14.37 feet; Thence South 7°08'49" East,
308.97 feet to the beginning of a 752.00 -foot radius
curve concave Easterly and having a long chord of
450.70 feet bearing South 24035102" East; Thence
Southerly on the arc of said curve, 457.76 feet; Thence
South 41056133" East, 149.64 feet; Thence South
48°01'00" West, 82.03 feet to the Westerly right of way
line of East Ridgeway Avenue and the beginning of a
1308.00 -foot radius curve concave Westerly and having a
long chord of 43.95 feet bearing North 11052'20" East;
(The following seven courses are on said Westerly right
of way line of East Ridgeway Avenue) Thence Northerly
J
Resolution No. 2013-1039
Page 2
on the arc of said curve, 43.95 feet; Thence North
0°35'00" West, 42.30 feet; Thence North 41059'00" West,
201.04 feet; thence North 23°59'30" West, 163.77 feet;
Thence South 66000'30" West, 40.00 feet; Thence North
23°59'30" West, 116.67 feet; Thence North 0025'33"
West, 407.70 feet to the point of beginning. Described
parcel contains 0.72 acres.
3. That the City of Waterloo, Iowa convey said parcel of
real property to Proactive Holdings IV, LLC n/k/a Crossing Point,
LLC by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Proactive Holdings IV, LLC n/k/a
Crossing Point, LLC.
5. That the original of said deed fully executed and
acknowledged is hereby approved and confirmed by the Council.
6. That the City Clerk is authorized and directed to
deliver said deed of conveyance to Proactive Holdings IV, LLC
n/k/a Crossing Point, LLC upon receipt in the sum of $1.00, and
costs.
PASSED AND ADOPTED this
ATTEST:
uz Scares, CMC
City Cl rk
16th day of December, 2013.
Ernest G. Clark, Mayo