HomeMy WebLinkAbout2013-844-10/21/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-844
RESOLUTION APPROVING EXCHANGE AGREEMENT WITH
L AND H FARMS, LTD. AND ASSIGNMENT OF OFFER
TO BUY REAL ESTATE AND ACCEPTANCE AND
DIRECTING EXECUTION OF SAID DOCUMENTS BY
MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Exchange Agreement and Assignment of Offer to Buy Real
Estate and Acceptance dated October 21, 2013, for the acquisition
of property in Black Hawk County for exchange of property in the
San Marnan TIF District, in the amount of $461,290.00 for 10.156
acres of land in November, 2013 and $395,846.00 for 8.175 acres
of land in March, 2014, plus up to $10,000.00 in closing costs,
and an Option Exchange Agreement, legally described as follows:
November Acauisition
The Southeast Quarter of the Southeast Quarter (SE 1-4 SE
1-4) of Section 10, Township 87 North, Range 14 West of
the 5th P.M. in Black Hawk County, Iowa, except the
highway and adjoining public right of way (32.6
tillable acres, more or less).
AND
The Southwest Quarter of the Southeast Quarter (SW 1-4 SE
14) of Section 10, Township 87 North, Range 14 West of
the 5th P.M. in Black Hawk County, Iowa, except the
highway and adjoining public right of way (37.3
tillable acres, more or less);
by and between L and H Farms, Ltd. 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
ATTEST:
Suzy Sch res, CMC
City Clerk
21St day of October, 2013.
Erst G. Clark, Mayor