HomeMy WebLinkAbout2016-808-10/10/2016 Prepared by Kelley Felchle, City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2016-808
RESOLUTION APPROVING THE REAL ESTATE PURCHASE
AGREEMENT WITH KWWL TELEVISION, INC. FOR THE
ACQUISITION OF THE NORTHWEST CORNER OF WEST
4TH AND FRANKLIN STREET, AS IDENTIFIED IN THE
PREVIOUSLY APPROVED DEVELOPMENT AGREEMENT,
FOR THE REDEVELOPMENT OF THE KWWL CAMPUS
AREA FOR $50,000, WITH UP TO $5,000 IN CLOSING
COSTS, AND AUTHORIZE THE MAYOR AND CITY CLERK
TO EXECUTE ALL NECESSARY DOCUMENTS.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Real Estate Purchase Agreement dated October 10, 2016 between KWWL Television,
Inc. and the City of Waterloo, Iowa, for the acquisition of the northwest corner of West 4th and
Franklin Street, as identified in the previously approved Development Agreement, for the
redevelopment of the KWWL campus area for $50,000, with 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:
J
Kelley Fe hle
City Clerk