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Home My WebLink AboutLaForge LLC-12/17/2012Please return this copy to: City Clerk & Finance Department 715 Mulberry Street Waterloo, IA 50703 ■ This First Amendment to Development Agreement (the "Amendment") is entered into as of December 11 , 2012, by and between the City of Waterloo, Iowa ("City") and LaForge LLC ("Company"). RECITALS A. Company and City were parties to a certain Development Agreement dated July 2009, (the Development Agreement as previously amended is referred to as the "Agreement") concerning the development of land (the "Property") described on Exhibit "A" to the Agreement. B. Company's ownership of land was originally contemplated to be two parcels at end of project, but will now be main parcel where building has been constructed, and second parcel will be a shared detention pond for entire industrial park area. C. Company and City desire to amend the Agreement to amend the Minimum Assessment to subtract out the second parcel value. NOW, THEREFORE, in consideration of the premises and the mutual promises exchanged herein, the parties hereby agree to amend the Agreement as follows: 1. Section 5 of the Agreement is amended to substitute "$1,806,800.00" for 11,808,531.55". 2. Section 1 of Exhibit B, Minimum Assessment Agreement, of the Agreement is amended to substitute "$1,806,800.00" for "$1,808,531.55". 3. The Certification of Assessor page (last page) is amended to substitute 11,806,800.00" for 11,808,531.55". 4. Except as modified herein, the Agreement shall continue unmodified in full force and effect. The Agreement and this Amendment shall inure to the benefit of and be binding upon the parties and their respective successors and assigns. IN WITNESS WHEREOF, the parties have executed this Second Amendment to Development Agreement by their duly authorized representatives as of the date first set forth above. Pr BK'/ J l Ernest G. Clark, Mayor By: '� . F Suzy Ses, City Clerk 2 By: Hubert Defrancq, President Black Hawk County Property Photos There are 3 photos of parcel 88`1308227002. Click a number to see an image: 1 2 3 Page 1 of 1 http: //www2. co.black-hawk.ia.us/website/bhmap/bhParImages. asp?apn=8913 08227002&... 12/12/2012 Black Hawk County Property Photos There are 3 photos of parcel 891308227002. Click a number to see an image: 1 2 3 Page 1 of 1 http://www2. co.black-hawk.ia.us/website/bhmap/bhParImages.asp?apn=8913 08227002&... 12/12/2012 Black Hawk County Property Photos There are 3 photos of parcel 891308227002. Click a number to see an image: 1 2 3 Page 1 of 1 http://www2.co.black-hawk.ia.us/website/bhmap/bhParImages.asp?apn=891308227002&... 12/12/2012 Black Hawk County Detailed Parcel Report BLACK HA Page 1 of 4 K COUNTY REAL ESTATE ASSESSMENT AND TAX INFORATION Parcel ID Deed Holder Tax Mail to Address 8913-08-227-002 LA FORGE L L C PDF No. Map Area Contract Buyer 13 E WATERLOO -C LA FORGE L L 1824 LINCOLN ST PO BOX 487 CEDAR FALLS, IA 50613-0000 Property Address Current Recorded Transfer 2950 GERALDINE RD WATERLOO, IA 50703-0000 Date Drawn Date Filed Recorded Document 8/10/2009 8/26/2009 2010 004315 Type D SALES BUILDING PE Date Amount NUTC/Type Date Number mount Levy Rate Reason 8/10/2009214,400 Corp SALE OF PORTION OF PROPERTY (SPLIT) - 09/11 / Deed 10/12/2012 A 073121,200 41.58533 Billboard/Si•n 10/12/2012 28/2012 A 07311 MAA 800 0 Billboard/Si • n Misc 0 11/5/2009 A 05764 147,270 Furnace ASSESSED VALUES/CREDITS Year Class 2012 C 100% Value Land Dwelling Building M/E Total Acres 110,400 ,0 1,696,400 0 1,806,800 0 Taxable Value Land Dwelling 110,400 0 Building 1,696,400 M/E Total 0 1,806, 800 Year Class 2011 C 100% Value Land Dwelling Building M/E Total Acres 110,400 0 1,696,400 0 1,806,800 0 Taxable Value Land Dwelling Building M/E Total 110,400 0 1,696,400 0 1,806,800 Year Class 2010 100% Value Land 103,990 Dwelling 0 Building 103,010 M/E 0 Total 207,000 Acres 0 Taxable Value Land Dwelling Building M/E Total 103,990 0 103,010 0 207,000 TAX INFORMATION ASSESSMENT YEAR 2011 PAYABLE 2012/2013 Tax District 941151 - WATERLOO AIRPORT URB TIF AMD1 Gross Value Taxable Value Military Exemption Levy Rate Gross Tax Net Tax Corp 1,806,800 1,806,800 0 41.58533 $75,136.37 $75,136.00 Nocorp , 0 0 0 0 $0.00 Homestead Credit Disabled Veteran Credit Property Tax Relief Credit Ag Credit Family Credit Farm m Corp $0.00. $0.00 $0.00 $0.00 $0.00 Nocorp $0.00 http://www2. co.black-hawk.ia.us/website/bhmap/bhRepDet. asp?apn=8913 08227002 12/12/2012 Black Hawk County Detailed Parcel Report !SOUTH PORT LOT 1 LEGAL LAND Page 2 of 4 Basis Front Rear Side 1 Side 2 Lot Area Acres Acres x Rate 43560 1 Acres x Rate 43560 1 Acres x Rate 146361.6 3.36 Totals: 233481.6 5.36 COMMERCIAL BUILDINGS AND ADDITIONS Type Description Year Built Area Stories Metal Shop - Steel Frame B1 -1S MTUSTL 2009 15000 1 Additional Information Perimeter Lineal Feet 700 Base Square Feet 15,000 Basement Square Feet 0 GBA Square Feet 18158 Plumbing Item Rough Plumbing Quantity 1 Toilet Room Lavatory 1 Water Closet Urinal - Wall 1 Sink -Service (Fiberglass) 1 Sink -Kitchen 1 Stall Shower -Prefab 2 54" Semi -Circ. Wash-SStI 1 Hot Water Tank - 52 -gal 1 Item Office-intemal with Heat & A/C Quantity 1271 Mezzanine - storage 1085 Adjustment Mezzanine - whse-office Liner - metal (SFSA) 434 5080 Sprinkler - exposed wet 15914 Loading Dock - dock locks (each) 1 Loadin • Dock - overhead dock door s 1 Extras Description Item Count Extended Description Door 1 Door Door 1 1 Dock Leveler 1 O.H. Door - Power, 14 Ft Wide, 16 Ft High O.H. Door - Power, 10 Ft Wide, 10 Ft High O.H. Door - Manual, 8 Ft Wide, 9 Ft High 6' x 8' Dock Size, Hydraulic, 25,000 Lbs Craneway 1 Description 14" Beam, Yes, 25 Ft on Center, 19 Ft high, 275 LF Size Ftr & Fdtn Reinforced Concrete 700: LF Exterior Wall Metal/ SW Insu 700: LF Verticals & Interior Wall Metal Liner Horizontals 0: LF Windows Incl. w / Base Fronts/Doors Incl. w / Base 700: LF of Wall 7 00: LF Roof Metal/ Sti/ lnsul (< 50' 15000: SF Ceiling Unfinished 15000: SF/Story http://www2.co.black-hawk. ia.us/website/bhmap/bhRepDet.asp?apn=8913 08227002 12/12/2012 Black Hawk County Detailed Parcel Report Struct. Floor 6" R'Concrete Page 3 of 4 14465: SF Framing Steel - Average 0: SF HVAC Make-up Air Unit (Light -H 15000: SF Lighting Industrial - Average 15000: SF Sprinkler Exposed Wet 0: SF Struct. Floor Dock Level R'Con 535: SF e Office - General dditional Information djustmen erticals & Horizontals Descri stion • 1-1S GLS 2009 90 Stories 1 Style Structural Glass -SU Base Square Feet 90 Basement Square Feet 0 GBA S•uare Feet 18158 Item • C - deduct Heat - none S • rinkler - ex • osed wet Descri , tion Ftr & Fdtn Reinforced Concrete Exterior Wall Structural Glass Interior Wall D all or E• uiv endows Incl. w / Base Fronts/Doors Incl. w / Base Roof Metal/ Stl/ Insul < 50' Ceilin • D all Struct. Floor R'Concrete 4" Partitions Office Buildin•s Framin • Steel - Avera • e HVAC No HVAC Li • htin • Office Buildin • s Gen S•rinkler Ex•osed Wet Quanti 90 90 90 Size 0: LF 0: LF 0: LF 0: LF of Wall 0: LF 90: SF 90: SF/Sto 90: SF 90: P/Unit 90: SF 90: SF 90: SF 90: SF Type Description Office - General -1S C'BLK Year Built 2009 Area 3068 Stories 1 Additional Information Style Decorative C.BIk-Stl Base Square Feet 3,068 Basement Square Feet 0 GBA Square Feet 18158 Plumbing Item Toilet Room Quantity 2 Urinal - Wall 1 Sink -Kitchen 1 Item Adjustment Sprinkler - exposed wet Quantity 3068 Canopy - attached 196 Verticals & Description Size Ftr & Fdtn Reinforced Concrete 0: LF Exterior Wall Decorative Block 0: LF Exterior Wall Mtl/ Stl/ Insul 0: LF Interior Wall Drywall or Equiv 0: LF Windows Incl. w / Base 0: LF of Wali Fronts/Doors Incl. w / Base 0: LF Roof Metal/ Stl/ Insul (51'-79 3068: SF http://www2.co.black-hawk.ia.us/website/bhmap/bhRepDetasp?apn=8913 08227002 12/12/2012 Black Hawk County Detailed Parcel Report Horizontals Ceiling Suspended Bik-Drop Ed 9 Page 4 of 4 3068: SF/Sto ry Struct. Floor R'Concrete 4" 3068: SF Partitions Office Buildings 3068: P/Unit Floor Cover Carpet 3068: SF Framing Steel - Average 3068: SF HVAC Combination FHA - AC 3068: SF Lighting Office Buildings (Gen 3068: SF Sprinkler Exposed Wet 3068: SF YARD EXTRAS http://www2.co.black-hawk.ia.us/website/bhmap/bhRepDet. asp?apn=8913 08227002 12/12/2012 Year Built Quantity Plot No. Extended Description lyDescription Paving - Concrete 2009 1 30,800 SF, Concrete w/Curbs, Low Pricing and Lighting - Sodium/Halide 2009 2 1 Poles, 26 Pole Ht, 1 Lights, 400 Watts MAA 2010 1 Quantity=1.00, Units=Each, Height=0 http://www2.co.black-hawk.ia.us/website/bhmap/bhRepDet. asp?apn=8913 08227002 12/12/2012