HomeMy WebLinkAbout2013-403-5 /20/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-403
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY LOCATED AT
401-409 FRANKLIN STREET, 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 N & S Property, LLC in the sum of
$1.00, plus costs, and
WHEREAS, a public hearing was held on May 20, 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 N & S Property, 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
May 16, 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 N &
property for the sum of $1.00,
accepted in accordance with the
property described below:
S Property, LLC to purchase real
and costs, be and it is hereby
Development Agreement for real
Assessor Parcel Nos. 8913-24-352-001, -002, and -007,
legally described as:
Lots 2, 3, 6, 7 and 10, and the Northwesterly 35 feet
of the Southwesterly one-half of Lot 5, and the
Northwesterly 35 feet of Lots 8 and 9, all in Block 62,
Cooley Addition, City of Waterloo, Black Hawk County,
Iowa.
3. That the City of Waterloo, Iowa convey said parcel of
real property to N & S Property, LLC by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to N & S Property, 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 N & S Property, LLC upon
receipt in the sum of $1.00, and costs.
Resolution No. 2013-403
Page 2
PASSED AND ADOPTED this 20th d of May, 2013.
nest G. Clark, Mayor
ATTEST:
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uzychares, CMC
City lerk