HomeMy WebLinkAbout2013-1068-12/16/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-1068
RESOLUTION APPROVING RELEASE OF REVERSIONARY
RIGHTS WITH BLACK HAWK CONTRACTING &
DEVELOPMENT, INC. OF WATERLOO, IOWA AND
DIRECTING EXECUTION OF SAID RELEASE BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Release of Reversionary Rights dated December 16, 2013,
releasing and relinquishing all rights of reversion, or similar
rights, arising from or in connection with a certain Development
Agreement as such rights relate to real property now legally
described as follows:
Tract 12 of Plat of Survey Doc. #2012-23388 and
corrected in Plat of Survey Doc. #2014-09944, being a
part of Lots 17 and 18, Block 14, and the South half of
the vacated alley adjacent thereto, Second Addition to
Grand View Place, Waterloo, Iowa;
by and between Black Hawk Contracting & Development, Inc. of
Waterloo, Iowa and the City of Waterloo, Iowa, be and the same is
hereby approved, and the Mayor and City Clerk authorized to
execute the same in behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 16th day of December, 2013.
Ernest G. Clark, Mayor
ATTEST:
Suzy Sch res, CMC
City Clerk