HomeMy WebLinkAbout2014-210-04/07/2014Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-210
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY KNOWN AS
THE FORMER GRAND HOTEL SITE, LOCATED AT WEST
MULLAN AVENUE AND JEFFERSON 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 Grand Investments, LLC in the sum of
$1.00, plus costs, and
WHEREAS, a public hearing was held on April 7, 2014, at 5:30
p.m. in the Law Court Theater at the Waterloo Center for the
Arts, 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 Grand
Investments, 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
April 28, 2014, 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 Grand Investments, LLC to purchase
real property for the sum of $1.00, and costs, for real property
described below:
Parcel A in Part of Lot No. 30 in "'Auditor's Falls
Avenue and Mullen Avenue Plat" in the City of Waterloo,
Black Hawk County, Iowa, described as follows:
Commencing at the most Southerly corner of Lot 30,
thence N 48050100" W, along the Southwesterly line of
said Lot 30, a distance of 323.07 feet; to the Point of
Beginning; thence continuing along said Southwesterly
line, N 48°50100" W, a distance of 243.81 feet; thence
N 62055'58" E, a distance of 222.89 feet; thence N
83045'11" E, a distance of 78.78 feet; thence S
57°07137" E, a distance of 103.99 feet; thence S
48°50'00" E, a distance of 17.47 feet; thence S
43043143" W, a distance of 280.28 feet; to the Point of
Beginning, containing 1.2010 acres.
3. That the City of Waterloo, Iowa convey said parcel of
real property to Grand Investments, LLC by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Grand Investments, LLC.
Resolution No. 2014-210
Page 2
S. 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 Grand Investments, LLC upon
receipt in the sum of $1.00, and costs.
PASSED AND ADOPTED this 7th day of April, 2014.
Ernest G. Clark, Mayor
ATTEST:
u y Schaes, MC
City Cler