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Home My WebLink AboutLaForge LLC-12/17/2012 (2)Please 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 , 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. 64) Ernest G. Clark, Mayor By:, Suzy Schares, City Clerk 2 C4/1/45(5 By: 05a... q Pf to 1 ? Hubert Defrancq, President Mack 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 $lack 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 Mack 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 Detailed Parcel Report Page 1 of 4 BLACK HAWK COUNTY REAL ESTATE ASSESSMENT AND TAX INFORMATION Parcel ID Deed Holder Tax Mail to Address 8913-08-227-002 LA FORGE L L C LA FORGE L L C 1824 LINCOLN ST PO BOX 487 CEDAR FALLS, IA 50613-0000 PDF No. Map Area Contract Buyer 13 E WATERLOO -C WA 07312 Property Address Current Recorded Transfer 2950 GERALDINE RD WATERLOO, IA 50703-0000 Date Drawn Date Filed Recorded Document Type 8/10/2009 8/26/2009 2010 004315 D SALES BUILDING PERMIT Date Amount NUTC / Type Date Number Amount Reason 8/10/2009214,400 M/E SALE OF PORTION OF PROPERTY (SPLIT) - 09/11 / Deed 10/12/2012 WA 07312 1,200 Billboard/Sign 10/12/2012 WA 07311 800 Billboard/Sign Land 2/28/2012 MAA 0 Misc 11/5/2009 WA 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 Building M/E Total 110,400 ,0 1,696,400 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 C 100% Value Land Dwelling Building M/E Total Acres 103,990 0 103,010 ,0 207,000 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 Farm Credit 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 0 8227002 12/12/2012 131ack Hawk County Detailed Parcel Report LEGAL Page 2 of 4 'SOUTH PORT LOT 1 LAND Basis Front Rear Side 1 Side 2 Lot Area Acres Acres x Rate 1 Additional Information Perimeter Lineal Feet 700 Base Square Feet 15,000 Basement Square Feet 0 GBA Square Feet 18158 Plumbing Item 43560 1 Acres x Rate Toilet Room 2 Lavatory 1 Water Closet 43560 1 Acres x Rate Sink -Service (Fiberglass) 1 Sink -Kitchen 1 Stall Shower -Prefab 146361.6 3.36 Totals: Hot Water Tank - 52 -gal 1 Adjustment Item Quantity 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 Quantity Rough Plumbing 1 Toilet Room 2 Lavatory 1 Water Closet 1 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 Adjustment Item Quantity Office-intemal with Heat & A/C 1271 Mezzanine - storage 1085 Mezzanine - whse-office 434 Liner - metal (SFSA) 5080 Sprinkler - exposed wet 15914 Loading Dock - dock locks (each) 1 Loading Dock - overhead dock door s 1 Extras Description Item Count Extended Description Door 1 O.H. Door - Power, 14 Ft Wide, 16 Ft High Door 1 O.H. Door - Power, 10 Ft Wide, 10 Ft High Door 1 O.H. Door - Manual, 8 Ft Wide, 9 Ft High Dock Leveler 1 6' x 8' Dock Size, Hydraulic, 25,000 Lbs Craneway 1 14" Beam, Yes, 25 Ft on Center, 19 Ft high, 275 LF Verticals & Horizontals Description Size Ftr & Fdtn Reinforced Concrete 700: LF Exterior Wall Metal/ Stl/ lnsu 700: LF Interior Wall Metal Liner 0: LF Windows Incl. w / Base 700: LF of Wall Fronts/Doors Incl. w / Base 700: LF Roof Metal/ Stl/ Insul (< 50' 15000: SF Ceiling Unfinished 15000: SF/Story http://www2.co.black-hawk.ia.us/website/bhmap/bhRepDetasp?apn=8913 08227002 12/12/2012 131ack Hawk County Detailed Parcel Report Page 3 of 4 Type Struct. Floor 6" R'Concrete 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 Type Description Year Built Area Stories Office - General Al -1S GLS 2009 90 1 Additional Information Style Structural Glass-Stl Base Square Feet 90 Basement Square Feet 0 GBA Square Feet 18158 Adjustmen. Item Quantity A/C - deduct 90 Heat - none 90 Sprinkler - exposed wet 90 Verticals & Horizontals Description Size Ftr & Fdtn Reinforced Concrete 0: LF Exterior Wall Structural Glass 0: LF Interior Wall Drywall or Equiv 0: LF Windows Incl. w / Base 0: LF of Wall Fronts/Doors Incl. w / Base 0: LF Roof Metal/ St/ Insul (< 50' 90: SF Ceiling Drywall 90: SF/Story Struct. Floor R'Concrete 4" 90: SF Partitions Office Buildings 90: P/Unit Framing Steel - Average 90: SF HVAC No HVAC 90: SF Lighting Office Buildings (Gen 90: SF Sprinkler Exposed Wet 90: SF Type Description Year Built Area Stories Office - General -1S C'BLK 2009 3068 1 Additional Information Style Decorative C.BIk-Stl Base Square Feet 3,068 Basement Square Feet 0 GBA Square Feet 18158 PlumbingToilet Item Quantity Room 2 Urinal - Wall 1 Sink -Kitchen 1 Adjustment Item Quantity Sprinkler - exposed wet 3068 Canopy - attached 196 Verticals & Description Size Ftr & Fdtn Reinforced Concrete 0: LF Exterior Wall Decorative Block 0: LF Exterior Wall MtI/ Stl/ Insul 0: LF Interior Wall Drywall or Equiv 0: LF Windows Incl. w / Base 0: LF of Wall Fronts/Doors Incl. w / Base 0: LF Roof Metal/ SU/ Insul (51'-79 3068: SF http://www2. co.black-hawk.ia.us/website/bhmap/bhRepDet.asp?apn=891308227002 12/12/2012 Black Hawk County Detailed Parcel Report Page 4 of 4 Horizontals Ceiling Suspended Blk-Drop Edg 3068: SF/Story 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 Description Year Built Quantity Plot No. Extended Description 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