HomeMy WebLinkAbout2016-807-10/10/2016 Prepared by Kelley Felchle, City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2016-807
RESOLUTION APPROVING THE REAL ESTATE PURCHASE
AGREEMENT WITH LOCUS PARTNERSHIP TO ACQUIRE
216-222 COMMERCIAL STREET FOR $260,000 PLUS UP TO
$5,000 IN CLOSING COSTS, AND AUTHORIZE THE MAYOR
AND CITY CLERK TO EXECUTE ALL NECESSARY
PAPERWORK.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Real Estate Purchase Agreement dated October 10, 2016 between Locus Partnership and
the City of Waterloo, Iowa, to purchase 216-222 Commercial Street for $260,000 plus up to
$5,000 in closing costs, is hereby approved and the Mayor and City Clerk are authorized and
directed to execute the same on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 10th day of October 2016.
Quentin Hart, Mayor
ATTEST:
Kelley Felc le
City Clerk