HomeMy WebLinkAboutIowa Jobs Board/Iowa Finance Authority-3/7/2011FIRST AMENDMENT TO
IOWA JOBS PROGRAM GRANT AWARD AGREEMENT
AMONG
THE IOWA JOBS BOARD,
IOWA FINANCE AUTHORITY, AND
THE CITY OF WATERLOO, IOWA
THIS FIRST AMENDMENT TO IOWA JOBS PROGRAM GRANT
AWARD AGREEMENT ("Agreement") is made by and among the Iowa Jobs Board
("Board" or "Iowa Jobs"), the Iowa Finance Authority, ("Authority"), and the City of
Waterloo, Iowa ("Grantee").
WHEREAS, the Iowa Jobs Program was established by the Iowa Legislature and
the Governor of Iowa pursuant to 2009 Iowa Acts Senate File 376 (the "Act") to assist in
recovery from the disasters of 2008 and in economic recovery.
WHEREAS, the Iowa Legislature and the governor of Iowa pursuant to 2010
Iowa Acts Senate File 2389 (the "2010 Act") appropriated monies for grants to certain
disaster relief and mitigation renovation and construction projects.
WHEREAS, the Grantee submitted a plan (the "Plan") to the Iowa Jobs board
requesting assistance in financing its project (the "Project").
WHEREAS, Iowa Jobs Review Committee reviewed the Plan and the Iowa Jobs
Board made a determination to award Grantee a grant pursuant to the Iowa Jobs Program.
WHEREAS, the Board, The Authority and the Grantee entered into a Grant
Award Agreement (the "Agreement") with an effective date of September 16, 2010.
WHEREAS, the Exhibit B - Legal Description of Grantee's Real Property
attached to the Agreement contains only one parcel of land for the Project.
WHEREAS, the above described Exhibit B is missing a second parcel of real
property that is also a part of the Project.
WHEREAS, the Board, The Authority and the Grantee have determined that an
amendment to the Agreement is in order to include the second parcel of real property.
NOW THEREFORE, in consideration of the mutual promises contained herein
and intending to be legally bound, the Iowa Jobs Board, the Authority, and the Grantee
(collectively, the "Parties") agree to the following amendment to the Agreement:
1. Exhibit B is hereby amended to add the following Legal Description to the
grantee's Real Property:
"Parcel "2" of Survey recorded in Doc. #2005-16668 being part of Lots 9, 10, 11,
12, 22, 23 and 24 in Hardy and Virden's Plat and part of Wilby's Addition, all in
the City of Waterloo, Iowa."
2. Agreement otherwise Unchanged. Except as expressly modified by the terms
of this First Amendment, the terms of the Agreement remain unchanged and in
full force and effect.
IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be
executed as of the date shown below, by their officers duly appointed and authorized.
FOR THE IOWA JOBS BOARD:
BY:
Jeffrey A. Pomeranz, Chairman Date
FOR THE IOWA FINANCE AUTHORITY:
BY:
David D. Jamison, Executive Director Date
FOR THE CITY OF WATERLOO:
Date