HomeMy WebLinkAbout2014-411-5 /27/2014Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-411
RESOLUTION AUTHORIZING THE SALE AND
CONVEYANCE OF CITY -OWNED PROPERTY, FOR $1.00,
PLUS COSTS, LOCATED EAST OF 2366 NEWELL
STREET, LOT 4 OF THE NORTHEAST INDUSTRIAL
PARK PLAT NO. 1, 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 Eagles Wings 2, LLC in the sum of
$1.00, plus costs, and
WHEREAS, a public hearing was held on May 27, 2014, at 5:30
p.m. in the Law Court Theater in 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 Eagles Wings 2,
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, 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 Eagles Wings 2, LLC to purchase real
property for the sum of $1.00, and costs, be and it is hereby
accepted in accordance with the Development Agreement for real
property described below:
Lot 4 in Northeast Industrial Park Plat No. 1,
Waterloo, Black Hawk County, Iowa.
3. That the City of Waterloo, Iowa convey said parcel of
real property to Eagles Wings 2, LLC by deed.
4. That the Mayor and City Clerk are hereby authorized to
execute and deliver deed to Eagles Wings 2, 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 Eagles Wings 2, LLC upon
receipt in the sum of $1.00, and costs.
Resolution No. 2014-411
Page 2
PASSED AND ADOPTED this 27th day of May, 2014.
;Ie ��A/
Ernest G. Clark, Mayor
ATTEST:
i
4zy S ares, CMC
City lerk