United Rental Property Lease_Intent to DisposeRESOLUTION NO. 47-01
RESOLUTION OF INTENT TO DISPOSE OF AN INTEREST IN REAL PROPERTY BY
LEASE WITH UNITED RENTALS, INC.
WHEREAS, the City of Dubuque, Iowa (City) intends to purchase the following real
property (the Property) ~om Plastic Center, Inc.:
The West 68 feet 3 inches-North 11 feet 4 inches of Lot 1, the South 39.5 feet of Lot 1, and
Lot 2, of City Lot 524, the balance of Lots 1 and 2 of City Lot 525 and the western balance of
City Lots 526 and 527, all in the City of Dubuque, Iowa
AND WHEREAS, United Rentals, Inc. (United) desires to lease the Property for the
operation of an equipment rental business upon the terms set forth in the Lease attached hereto as
Exhibit A;
AND WHEREAS, the City Council has tentatively determined that it would be in the best
interests of the City to enter into the Lease with United.
NOW, THEREFORE, BE 1T RESOLVED BY THE CITY COUNCtL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. The City of Dubuque intends to dispose of its interest in the foregoing-described
real property by Lease between City and United.
Section 2. The City Clerk is hereby authorized and directed to cause this Resolution and a
notice to be published as prescribed by Iowa Code Section 364.7 of a public heating on the City's
intent to dispose of the foregoing-described real property, to be held on the 19t~ day of February,
2001, at 6:30 o'clock p.m. at the public library auditorium, 1 lth & Locust, Dubuque, Iowa.
Passed, approved and adopted this 5th day of February, 2001.
~/2(ttest: Jeanne P.-Schneider, City Clerk