HomeMy WebLinkAboutRichard Brown-1/25/2010Preparer
Information: Noel Anderson 715 Mulberry Street Waterloo, IA 50703 319.291.4366
Individual's Name Street Address City
ADDENDUM
Phone
This addendum is signed and entered herein by both parties of the original letter of conditions
entered into in 2003, by and between Richard C. Brown, property owner, and the City of
Waterloo.
Whereas, Richard C. Brown, owner of property as legally described on the attached, and
generally described as the corner of West 11th and Jefferson Streets, is willing and able to
construct or cause to be constructed a new commercial building on the site, and
Whereas, the City of Waterloo has previously sold the property to Mr. Brown for the purpose of
development, and
Whereas, the City of Waterloo values the development and redevelopment of the Downtown
Waterloo TIF District, and
Now Therefore, the City of Waterloo and Richard C. Brown do hereby agree that the original
letter of conditions of 2003 does hereby amend Number Two to allow for a Principal Permitted
Use to be constructed on the property within 6 months of the approval of this amendment. Said
construction would then release the property owner from the reversion clause stated in the
original letter of conditions.
This addendum shall inure to the benefit of and be binding upon the successors and assigns of
the parties.
ATTEST:
By:
Suzy.. ares, City Clerk
scams
By:
THE CITY OF WATERLOO
Ernest G. Clark, Mayor
RICHARD C. BROWN
By: .
RichardfC. Brown
STATE OF IOWA
) ss.
COUNTY OF BLACK HAWK
On this _� day of ‘)a,Vt.11 , 2010, before me, a Notary Public in
and for the State of Iowa, personally appeared Ernest G. Clark and Suzy Shares, to me
personally known, who being duly sworn, did say that they are the Mayor and City
Clerk, respectively, of the City of Waterloo, Iowa, a municipal corporation, created and
existing under the laws of the State of Iowa, and that the seal affixed to the foregoing
instrument is the seal of said municipal corporation, and that said instrument was signed
and sealed on behalf of said municipal corporation by authority and resolution of its City
Council, and said Mayor and City Clerk acknowledged said instrument to be the free act
and deed of said municipal corporation by it and b them voluntarily executed.
;ary
CkAckk \c�
ublic
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
Subscribed and sworn to before me on , 2010 by
Richard C. Brown as property owner.
Notary Public
-2010 02:48P FROM:PIETERS & PIEfERS
1C319)827-6919
TO:13192771614
P.11'13
Y ABSTRACT COMPANY
#142
State of Iowa PATENT
to Dated Oct 1 1991
City of Waterloo, Iowa Filed Oct 10 1991
623 CLD 44
A parcel of land located in part of Lot 1 in Block 43 in the Original Plat on the
west side of the Cedar River in the City of Waterloo, Black Hawk County, Iowa,
described as follows:
Beginning at the northwesterly corner of said Lot 1; thence 540°51f'W, 141.1 ft.
along the northwesterly 'Mine of said Lot 1; thence 548°53'E, 44.0 ft. along the
southwesterly line of said Lot 1; thence N43°58}'E, 15.5 ft.; thence N47°37}'E, 98.7
ft.; thence N42°15'E, 28.6 ft.; thence N49°5711'W, 57.2 ft. to the Point of Beginning,
containing 7249 sq. ft. more or less, sold in accordance with the provisions of the
statutes of the State of Iowa, and which sale has been duly approved by the Iowa
Department of Transportation, subject to the conditions of Sections 306.22, 306.23,
306.24, and 306.25, Code of Iowa.
Recites: City of Waterloo agrees that this land shall remain in public use.
City of Waterloo further agrees that if any of this property is subsequently sold, that
the property will be appraised by the Iowa Department of Transportation for the purpose
of establishing the fair market value at the time of the sale and that the Iowa
Department of Transportation will be entitled to the net sale proceeds for any amount
received above the original purchase price.