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HomeMy Public PortalAboutResolutions_22-12_2/28/2022 I1llll IIIII hill 1111111111 IIIII IIIII IIIII IIII 1111111111111111111111111111111111111111111111111 Document 2022 1220 Book 2022 Page 1220 Type 06 039 Pages 9 Date 6/01/2022 Time 1 : 16 06PM Reo Amt $47.00 SAMANTHA BOOTHBY, RECORDER CHEROKEE COUNTY IOWA CITY OF MARCUS, IOWA RESOLUTION NO. 22-12 APPROVING SALE AND PURCHASE AGREEMENT CONCERNING REAL ESTATE IN MARCUS BUINESS PARK TO JORDAN'S MEAT MARKET Recorder's Cover Sheet Preparer Information: Alyssa A. Herbold,427 W. Main Street, P.O. Box 100, Cherokee, IA 51012, Phone: (712) 225-3143 Taxpayer Information: City of Marcus, Iowa, 222 N Main St., PO Box 542, Marcus, IA 51035 Return Address: Alyssa A. Herbold, 427 W. Main Street, P.O. Box 100, Cherokee, IA 51012 Grantors: City of Marcus, Iowa Grantees: Legal Description: See following pages. RESOLUTION NO. 22-12 RESOLUTION APPROVING SALE AND PURCHASE AGREEMENT CONCERNING REAL ESTATE IN MARCUS BUSINESS PARK TO JORDAYS MEAT MARKET, LLC. WHEREAS, on this date a Public Hearing was held concerning the advisability of selling a lot in the Marcus Business Park by Quit Claim Deed to Jordan's Meat Market, LLC as outlined in a purchase agreement presented to the City Council; WHEREAS, the City has determined that a fair market value for the purchase of the premises is $37,426.50, and is offering a rebate of$4,158.50 should a permanent building be completed on the premises within one year, and has directed an Abstract of Title be prepared for the Buyer; WHEREAS, a resolution by the City Council is required in order for the City of Marcus, Iowa to sign the purchase agreement, close, and issue a Quit Claim Deed on the premises. NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Marcus Iowa,hereby hereby approves the execution of the Purchase Agreement attached hereto and agrees to sell the following described real estate to Jordan's Meat Market, LLC as set forth said contract: Lot 10 in the Marcus Business Park being a Subdivision of Parcel A of the Southwest Quarter of the Southwest Quarter (SWY SW1/) of Section 3, Township 92 North, Range 42 West of the 511 P.M., in the City of Marcus, Cherokee County, Iowa, as shown in the Survey Plat recorded in Small Plat Book 11, Page 110 and as Doc. #06 1972. BE IT FURTHER RESOLVED, Quit Claim Deed is authorized to be issued by the Mayor and Clerk to complete the sale upon Closing; BE IT FURTHER RESOLVED, the City Attorney is directed to prepare for and coordinate the closing of this matter. PASSED AND APPROVED this_�—day of -ebYLIQ.( , 2021. Patrick Bunt—Mayor ATTEST: Robin A. Harvey, City Clerk-Treasu r ATTACHMENT: PURCHASE AGREEMENT—JORDAN'S MEAT MARKET, LLC.