HomeMy WebLinkAbout2006-02-27-Resolutions 06-27_Copeland - Property Purchase - Option 2THE CITY OF WAUKEE,IOWA
RESOLUTION 06-27 I
APPROVING THE EXERCISE OF THE OPTION TO PURCHASE LAND FROM
ESTELLA L.COPELAND AS TRUSTEE OF THE ESTELLA L.COPELAND TRUST
AND ESTELLA COPELAND AND J.HARRY COPELAND AS CO-TRUSTEES OF THE
RALPH C.COPELAND TRUST
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE,IOWA
WHEREAS,the City of Waukee entered into an option to purchase land from Estella L.
Copeland as Trustee of the Estella L.Copeland Trust and Estella Copeland and J.Harry
Copeland as Co-Trustees of the Ralph C.Copeland Trust,said option dated December 20,2002;
AND,
WHEREAS,the City of Waukee desires to exercise the option to purchase for the northwesterly
most 40 acres legally described respectfully as:
Northwest Quarter of the Southwest Quarter (NW Y.SW Y.)of Section 36,Township 79 North,
Range 27 West of the s"P.M.,Dallas County,Iowa;AND,
WHEREAS,the deadline for the execution of the option of the northwesterly most 40 acres is
March 1,2006;AND,
WHEREAS,the total purchase price for the execution of the options is $280,000.00 plus all
expenses of sale,including the cost of abstract continuation,except for expenses incurred by
sellers for their own attorney's fees and expenses incurred in making title merchantable.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council that the option
to purchase land from Estella L.Copeland,as Trustee of the Estella L.Copeland Trust and
Estella Copeland and J.Harry Copeland,as Co-Trustees of the Ralph C.Copeland Trust on the
northwesterly most 40 acres should be exercised.
BE IT FURTHER RESOLVED by the City of Waukee City Council that the purchase
agreement attached hereto as Exhibit B should be executed in accordance with paragraph 7 of the
option to purchase land dated December 20,2002 and the same should be delivered to the sellers
in accordance with the option to purchase land,and the Mayor and the City Administrator are
authorized to execute the same.
Passed by the City Council of the City of Waukee,Iowa,and approved this the 27th day of
February,2006.
Attest:
son,Interim City Administrator/Clerk
ROLL CALL VOTE
Donald L.Bailey,Jr.
Isaiah McGee
JeffV.Mertz
Darlene Stanton
Mike Watts
AYE
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NAY ABSENT
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