HomeMy WebLinkAbout2001-05-08 ResolutionPrepared by: Sarah E. Holecek, First Asst. City Atly., 410 E. Washington St., Iowa City, IA 52240 (319) 356-5030
RESOLUTION NO. 01-126
RESOLUTION OF INTENT TO CONVEY THE PROPERTY KNOWN AS
PENINSULA NEIGHBORHOOD, FIRST ADDITION, IN IOWA CITY, IOWA, TO
TERRY L. STAMPER HOLDINGS, L.L.C., AND SE'R'ING A PUBLIC HEARING
ON SAID CONVEYANCE FOR MAY 15, 2001.
WHEREAS, pursuant to the Peninsula Neighborhood Development Agreement between the City
of Iowa City and Terry L. Stamper Holdings, L.L.C. ("Stamper") approved by Resolution No. 00-
231 of the City Council dated June 29, 2000, and amendments thereto ("Agreement"), Stamper
has agreed to develop a tract of land known as the Peninsula Neighborhood; and
WHEREAS, the City Council will consider and intends to approve the final plat of the Peninsula
Neighborhood, First Addition, at its meeting scheduled for May 15, 2001; and
WHEREAS, pursuant to said Agreement, Stamper has agreed to purchase the Peninsula
Neighborhood, First Addition, for a price equal to a per-unit base price of $3,171.00 multiplied by
the total number of final site-plan approved units; and
WHEREAS, said Peninsula Neighborhood, First Addition, is located in Iowa City, Johnson County,
Iowa, and is described as follows:
A part of Auditors Parcel No. 2001020, as recorded in the Office of the Johnson
County Recorder; in the Southwest Quarter of Section 4, Township 79 North,
Range 6 West of the 5t" Principal Meridian, Johnson County, Iowa, more
particularly described as follows:
Commencing at the South Quarter Corner of Section 4, Township 79 North,
Range 7 West of the 5th P.M., Johnson County, Iowa; Thence N01°39'04"W,
1317.71 feet to the North Line of the East Quarter of the Southwest Quarter of
said Section 4; Thence S89°42'21 "W, 562.55 feet to a Northeasterly Corner of
Auditor's Parcel 2001020; Thence S89°44'39"W, 330.00 feet along Auditors
Parcel 2001020; Thence N01°37'40"W 203.27 feet along an easterly line of said
parcel to the Point of Beginning; Thence N01°39'47"W, 779.35 feet along an
easterly line of said Auditors Parcel 2001020; Thence S76014'45"W, 468.87 feet
along a northerly line of said Auditors Parcel 2001020; Thence N65°31'42"W,
517.98 feet along a northerly line of said parcel; Thence S27°46'06"W, 217.50
feet; Thence S62°13'54"E, 15.70 feet; Thence S27°46'06"W, 178.00 feet;
Thence S62°13'54"E, 313.28 feet; Thence N29°51'49"E, 8.47 feet; Thence
S60°00,57"E, 386.25 feet; Thence N29°51'49"E, 226.16 feet; Thence
S85°42'12"E, 163.84 feet; Thence S30°01'32"W feet; Thence S60°08'11"E,
191.33 feet; Thence S00°01'28"W, 54.39 feet; Thence S89°59'01"E, 193.27 feet
to the Point of Beginning; and containing 12.09 acres, subject to easements and
Resolution No. 01-126
Page 2
restrictions of record.
WHEREAS, the disposition of the subject property is in the public interest.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF IOWA CITY,
IOWA, that:
1. The City Council does hereby declare its intent to convey its interest in the Peninsula
Neighborhood, First Addition, described above to Terry L. Stareper Holdings, L,L.C., in
accordance with said Agreement at a price equal to a per-unit base price of $3,171.00
multiplied by the total number of final site-plan approved units.
2. A public hearing on said proposal should be and is hereby set for May 15, 2001, at 7:00
p.m. in the Council Chambers of the Civic Center, 410 East Washington Street, Iowa City,
Iowa, or if said meeting is cancelled, at the next meeting of the City Council thereafter as
posted by the City Clerk, and that the City Clerk be and is hereby directed to cause notice
of said public hearing to be published as provided by law.
Passed and approved this 8th day of May ~t,,~' , 2~,~
ove
City Attorney's Office
marym/land-acq/peninsula/res of intent to convey
Resolution No. 01-126
Page 3
It was moved by Champi on and seconded by 0' DanriP11 the Resolution be
adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
X Champion
X Kanner
X Lehman
X O'Donnell
X Pfab
X Vanderhoef
X Wilburn