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HomeMy WebLinkAboutCJE Properties-5/17/2010DEVELOPMENT AGREEMENT This Agreement is made and entered into this 1 day of _` 2010, by and between CJE Properties, hereafter called Developer, and the City of W terloo, Iowa, hereinafter called City. WHEREAS, City considers development within the City a benefit to the community and is willing for the total good and welfare of the community to sell city -owned property not needed for current or future public purposes so as to encourage that goal, and WHEREAS, the City of Waterloo will acquire 6 residential homes from the I.D.O.T for the purpose of making available to developer for a minimum of $1.00 each and WHEREAS, Developer is willing and able to move six (6) residential homes, onto city owned properties legally described on attached Exhibit "A", and WHEREAS, The City Of Waterloo shall transfer said Tots described in Exhibit "A" for $1.00 per lot, and WHEREAS, said moving and rehabilitation of said homes shall be completed within a 1 - year period by Developer, and NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS HEREINAFTER CONTAINED, Developer and City agree as follows: 1. The City agrees to transfer property, as legally described, for a minimum of $1.00 per property for a total of $6.00 plus all transaction costs, which include deed preparation, recording etc. The City shall convey, or cause to be conveyed, the properties by Quit Claim Deed once the moving permit is acquired and the Developer's written notice to City of intent to commence moving activities within 14 days. 2. Developer agrees to move six (6) residential homes currently addressed as 1707 Logan, 1711 Logan, 1745 Logan, 1302 Logan, 1353 Logan, 1252 Logan, and take out necessary permits within 30 days, from the date of this agreement. Said homes shall be "set" on to previously identified city owned Tots, and rehabilitated in accordance with all applicable City, State, and Federal building codes and be in compliance with all applicable city ordinances. 3. Developer must obtain a building permit and begin construction within one (1) month of the date of transfer and be completed within twelve (12) months. If, after transfer of the property by the City to developer, construction is not commencing in accordance with the attached schedule as described, the title to the real estate will revert to City of Waterloo, free of any liens, encumbrances, etc. against said property. Developer agrees to sign all necessary documents for said reversion. If construction is not completed, at the end of twelve (12) months, but the development of the project is still imminent, the City Council may but shall not be required to grant an extension of time for the rehabilitation of the building. Partial start of development, not in accordance with the requirement to "set" and rehabilitate the above mentioned properties within the one (12) month period will also initiate the above requirement for reversion of land. 4. Developer will be required to place $25,000 dollars in an escrow account with the Law office of Clark, Butler, Walsh, and Hamann, in the event the project is not completed and the properties have to be demolished or project completed by the city. Also the developer will submit $5,000 performance bond to the I.D.O.T for two historic homes at 1252 and 1302 Logan Avenue per the requirements of the I.D.O.T. The Developer may request at a rate of no more than $6,000 per home a reimbursement of monies in escrow as each home is completed and occupancy permit has been acquired. 5. After Developer's completion of the project, as previously described, any and all reversion rights granted to City, relating to any or all of the property described in Exhibit "A" shall terminate. 6. NOTICE: All notices, request, and other communication permitted or required herein shall be in writing and hall be effective when delivered to the addressee in person or when sent to such address by United States registered or certified mail, retum receipt requited, postage prepaid, or by hand delivery, or fax, addressed as follows: For the City: Mayor Ernest G. Clark City Hall 715 Mulberry Street Waterloo, Iowa 50703 With copy to City Planner For Developer: CJE Properties P.O. Box 2690 Iowa City, Iowa 52244 7. SUCCESSORS AND ASSIGNS: This Agreement shall be binding upon and insure to the benefit of the parties and their respective successors and assigns, legal representatives, and future owners of the property. 8. Amendments, Modification, and Waiver. No amendment, modification, or waiver of any condition, provision, or term of this Agreement shall be valid or of any effect unless made in writing, signed by the party or parties to be bound or by the duly authorized representative of same, and specifying with particularity the extent and nature of the amendment, modification, or waiver. Any waiver by any party of any default by another party shall not affect or impair any rights arising from any subsequent default. 9. Time of Essence. Time is of the essence of this Agreement. 10. IN WITNESS WHEREOF, the parties have executed this Development Agreement by their duly authorized representatives as of the date and year written above. CJE PROPERTIES By: Title: Charles Jones Date CITY OF WtTERLOO, IOWA By: Emest G. Clark, Mayor ATTEST: 5/(ii70 (6 Date siri Imo SuSchares, City Clerk Date Exhibit "A" 528 N Barley AUDITOR FRANCIS ROSE HILL PLAT LOT 1 701 Cottage St HOWREY & MCWILLIAMS REPLAT OF BLOCKS 2,3 AND THE N 1/2 OF BLK 4 AND THE E 355.43 FT OF THE N 1/2 OF BLK 5 HOWREY AND MCWILLAIMS ADD LOT 9 BLK 3 700 Cottage St HOWREY & MCWILLIAMS REPLAT OF BLOCKS 2,3 AND THE N 1/2 OF BLK 4 AND THE E 355.43 FT OF THE N 1/2 OF BLK 5 HOWREY AND MCWILLIAMS ADD LOT 8 BLK 3 300 Cottage St HAMMOND & HOPKINS ADDITION E 40 FT LOT 4 BLK 3 x'738 Mobile St SHILLIAMS SUBDIVISION LOT 15 BLK 1 1203 Beech St ROSE HILL FIRST ADDITION LOT 11 BLK 2 r 807 Beech St ROSE HILL FIRST ADDITION LOT 5 BLK 11 Printable Map Output Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-210-001 Deed Holder: GREEN DEVELOPMENT WATERLOO LLC Legal: AUDITOR FRANCIS ROSE HILL PLAT LOT 1 ,,,,,, ' - , .4,,,,,, t ,,- . , - ,p4T--±,,:,:•,,,,, et .s._ 1 , v.,. — ____, I 1_. .„ ... 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No liability is assumed for the accuracy of the data delineated herein, either expressed or implied by Black Hawk County, the Black Hawk County Assessor or their employees. This map is compiled from official records, including plats, surveys, recorded deeds, and contracts, and only contains information required for local govemment purposes. See the recorded documents for more detailed legal information. http://www2. co .black -hawk. ia.us/servlet/com. esri. esrimap.Esrimap?ServiceName=bhov&... 5/27/2011 Printable Map Output a © Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-253-003 Deed Holder: GREEN DEVELOPMENT WATERLOO LLC Legal: HOWREY & MCWILLIAMS REPLAT OF BLOCKS 2,3 AND THE N 1/2 OF !r� i ,, :y. } Hfi _%,"�. 7 e s . s ,* -. .0 Ir Y 1 - Y {7y fir.:71i 1te— 6 �,1 { io7lr, irilfsl 1 Nil r" �tiI fly C� Lii eir "� �°Ix..i� JIEIgR rte. `:� r`% ` is .1 N _ V ..... ill F+r�.Ml ' #r i►, � 9-ak ►. 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See the recorded documents for more detailed legal information. http://www2. co.black-hawk.ia.us/servlet/com.esri.esrimap.Esrimap?ServiceName=bhov&... 5/27/20.11 Printable Map Output Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-253-002 Deed Holder: GREEN DEVELOPMENT WATERLOO LLC Legal: HOWREY & MCWILLIAMS REPLAT OF BLOCKS 2,3 AND THE N 1/2 OF poll pi J II o It= � 1 f1.r 4 l' ,.-iia 1 #,�--�1'�, �' •=1 %gk lTao I ` i i'� i�� �•i � +t y,- 111141 .... r a.w f .� tr _�, • .. ,, ..... 14 illiiirt tet• p•krEirk: .., i i„... .i, ,. ! __Zau IY -I . ! t`_ #1• :_ ., —� Selected w+amtm roadname_ hospital MAW Phalle airport - Mack Nal,cn. era. parts_11t MA. harral Parcels ❑� ,,, Right of.INey Township railroad mm raafamaae_ l`ft i e y _M� w. iw 8' I -I r4 fi I� .:- —. +C 1 _ R . l i E ,.� -? r ! -, r' ! 7,. ' c-. .— 6t _tiML 'Itt;-1, Qz l -Features or - � '` :. 1 Z' - "iwri .1 !,k1 I $ 4t•!4 @ I ILS S r - q 1-?" 1 !+{1 )ly N�5 i� i. 4 [Li! tits ,, a_ t � y-�_ _ Lam_.. �� I,. — �i. {' I - se :�C am. 4b :. _-ate , t« ...rr, �c.+.. J. ods K. iF '� I .n-�*-•- i �c s a ! '# i- wI t �'E. 'eC '"' 1 -- '*.. & s J l� ■ '�' _ � _rade .-rte _ 3� _ - e - -' -.A'!= !Y• r 3 isi ere-,-elle-----•- .'q w 11 /`1 ,a .. C S ���t111 - IR 1.- `. .a tt viii ji A . r r witho S- Copyrightdc)t of ^A. t j r #1 .., i 9 CM Inc- T 7gt- ffJ S 11 .ice: .agate ' dam" 1 �� t _'. ;n 1001 �P p ti ' _ Black Hawk County, Iowa 316 East 5th Street Waterloo, Iowa 50703-4774 Phone: (319) 833-3002 Fax: (319) 833-3070 E-mail: auditor©co.black-hawk.ia.us.orq Map Disclaimer: This map does not represent a survey. No liability is assumed for the accuracy of the data delineated herein, either expressed or implied by Black Hawk County, the Black Hawk County Assessor or their employees. This map is compiled from official records, including plats, surveys, recorded deeds, and contracts, and only contains information required for local govemment purposes. See the recorded documents for more detailed legal information. http://www2.co.black-hawk.ia.us/servlet/com. esri. esrimap.Esrimap?ServiceName=bhov&... 5/27/2011 Printable Map Output Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-177-004 Deed Holder: GREEN DEVELOPMENT WATERLOO LLC Legal: HAMMOND & HOPKINS ADDITION E 40 FT LOT 4 BLK 3 .1 1111 1-- " ', ^_ ' '} t 1i I J T ,SV k M_) X,�li INK 6 d! . 1 .! ,,, J '-'--- kit �" IV,, � .( 4 al�" 1 .-i.1 i'-rritt',i' i 'P r L - i , -.-# Tom'. dei !�11IIy���Y� } )py lF �lr�r ePo`' a u ,w..a p 1� 3 . t 1I fr, -sem ; .. e¢ A �iT a} "as -1— `alp, f■� { sr - Iii ail' " @ki. ! wtga ' } x.�Y — !c! 'w1, . j 311 M n1.-Y'Aa -. . .�."�. 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This map is compiled from official records, including plats, surveys, recorded deeds, and contracts, and only contains information required for local govemment purposes. See the recorded documents for more detailed legal information. http://www2.co.black-hawk.ia.us/servlet/com.esri.esrimap.Esrimap?ServiceName=bhov&... 5/27/2011 Printable Map Output 6)3\ AAct le. Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-429-018 Deed Holder: CITY OF WATERLOO Legal: SHILLIAMS SUBDIVISION LOT 15 BLK 1 1 pli iitAilild. Nii gni qii ilL.k ill k, ymay-101 t,...2- 11° •Iff ir- , , Eit4 i. fr. • 1 t I.' BE ' P----i- 1. il I , — 2 , I at, At 03 /1".r 6:- 4 , ' , IA • 1 z""*- Ei `i ,r• - . ' rit _ ill, ,1 is iii, 1 1 ld Itt li „ ....-.. ,, ..-.... to : , z il f.'ti, 0 4 4 4 _ Iiii F„i9e- 44, g ,, f'ZIW9PIWPIiP.Alit ''', n, 11.-ciL.,,,,,,,,,, L,_ , . HAISTEAD ST. , li Iwo 1: L'i r Legend Selected parcelellrn Features roadrarue_ h05113.1 Aerial Photos airport ,::: Black Hawk Co &adapt P.s._ Wins twirrce , Townships , . • Sects= Water EParcels ,,,,, Rightsoreary bTownship /.1 Cily Lines railroad_dirn roaddho watemarne_ Black Hawk County, Iowa 316 East 5th Street Waterloo, Iowa 50703-4774 Phone: (319) 833-3002 Fax: (319) 833-3070 E-mail: auditors Map Disclaimer. This map does not represent a survey. No liability is assumed for the accuracy of the data delineated herein, either expressed or implied by Black Hawk County, the Black Hawk County Assessor or their employees. This map is compiled from official records, including plats, surveys, recorded deeds, and contracts, and only contains information required for local govemment purposes. See the recorded documents for more detailed legal information. http://www2.co.black-hawk.ia.us/servlet/com.esri.esrimap.Esrimap?ServiceName=bhov&... 5/27/2011 Printable Map Output Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-227-010 Deed Holder: CITY OF WATERLOO Legal: ROSE HILL FIRST ADDITION LOT 11 BLK 2 i Legend Selected peace/Cm Postmen roepitei - Aarw Photos a Bout Hak Co. ;�► ,vam°ya perks mama y,,`, Ramona. r Topnstdjs 1.' Seetblw Water 0 Parcae. !y Rlaldnoh4ay El Township ./ C� tuna /' rallmad_dSm tmaow raddiSm weterrwaw I"Tt; 1y 147 Ot* i, 44-7141 1 ...,,... , , .. 60 I r� �,l as K i' t a 1 lk It f' Black Hawk County, Iowa 316 East 5th Street Waterloo, Iowa 50703-4774 Phone: (319) 833-3002 Fax: (319) 833-3070 E-mail: auditor(&co.black-hawk.ia.us.org Map Disclaimer. This map does not represent a survey. No liability is assumed for the accuracy of the data delineated herein, either expressed or implied by Black Hawk County, the Black Hawk County Assessor or their employees. This map is compiled from official records, including plats, surveys, recorded deeds, and contracts, and only contains information required for local govemment purposes. See the recorded documents for more detailed legal information. http://www2.co.black-hawk.ia.us/servlet/com.esri. esrimap.Esrimap?ServiceName=bhov&... 5/27/2011 Printable Map Output Fo Page 1 of 1 Black Hawk County Parcel Map Parcel ID: 8913-24-280-009 Deed Holder: GREEN DEVELOPMENT WATERLOO LLC Legal: ROSE HILL FIRST ADDITION LOT 5 BLK 11 NUM IllMMI klir Irak- ill Legend Selected parce:dim Features N hospital Perla] Photos airport Black Meant Co. ;;firp Parka_ Parks toTanfl ° Railroads ,, Te"nNpa „.• Sections „ter El Parcels /v. WghhofaVey 0 Toorandp ./ City LinesO` railraad_mm RaaPp ma6mm nafemame wT.i4- itl I 0, r„i:..r, , 2 w :----- 1j1 L -t. At 4'' 1 A �., ' a �• '� '"r l.t , l�iw;i� IIf�4 f b�, Black Hawk County, Iowa 316 East 5th Street Waterloo, Iowa 50703-4774 Phone: (319) 833-3002 Fax: (319) 833-3070 E-mail: auditor@co.black-hawk.ia.us.orq Map Disclaimer. This map does not represent a survey. No liability is assumed for the accuracy of the data delineated herein, either expressed or implied by Black Hawk County, the Black Hawk County Assessor or their employees. This map is compiled from official records, including plats, surveys, recorded deeds, and contracts, and only contains information required for local govemment purposes. See the recorded documents for more detailed legal information. http://www2.co.black-hawk.ia.us/servlet/com.esri.esrimap.Esrimap?ServiceName=bhov&... 5/27/2011 runty swear that the annexed copy of ,LIC HEARING TO WHOM IT .blished in the WATERLOO/CEDAR FALLS COURIER aper printed in WATERLOO, 'unty, Iowa, for 1 issues . 05/13/2010, in the issues of aper, and that the annexed rate of s the regular legal rate of said d that the following is a correct ishing said notice. 1 $24.65 ??„,)c-7(\,. a d sworn to before me this of .901 SUE MAW COMMISSION NO. 761976 MY COMMISSION EXPIRES Dollars iblication of the above invoice. NOTICE OF PUBLIC HEARING TO WHOM IT MAY CONCERN: Notice is hereby given that on the 17th day of May, 2010, at 5:30 p.m., in the Council Chambers in the City Hall in the City of Waterloo, Iowa, a public hearing will be held by the Council of the City of Waterloo, Iowa, on the development agreement by and between CJE Proper- ties and the City of Waterloo to acquire and move six homes located at 1707 Lo- gan Ave., 1711 Logan Ave., 1745 Logan Ave., 1302 Logan Ave., 1252 Logan Ave., and 1353 Logan Avenue for $1.00 each to lots shown on exhibit "A", de- scribed as follows: Exhibit "A" 528 N Barkley Street Auditor Francis Rose Hill Plat Lot 1, all in the City of Waterloo, Black Hawk County, Iowa; 701 Cottage Street Howrey & McWilliams Replat of Blocks 2,3 and the N 'h of Ilk 4 and the E 355.43 ft of the N 1/2 of Blk 5 Howrey and McWilliams Add Lot 9 Blk 3, all in the City of Waterloo, Black Hawk County, Iowa; 700 Cottage Street Howrey'& McWilliams Replat of Blocks 2,3 and the N'4 of Blk 4 and the E 355.43 Ft of the N 'h of Blk 5 Howrey and McWil- liams Add Lot 8 Blk 3, all in the City of Waterloo, Black Hawk County, Iowa; 300 Cottage Street Hammond & Hopkins Addition E 40 Ft Lot 4 Blk 3, all in the City of Waterloo, Black Hawk County, Iowa; 738 Mobile Street Shilliams Subdivision Lot 15 Blk 1, all in the City of Waterloo, Black Hawk County, Iowa; 1203 Beech Street Rose Hill First Addition Lot 11 Blk 2, all in the City of Waterloo, Black Hawk County, Iowa; 807 Beech Street Rose Hill First Addition Lot 5 Blk 11, all in the City of Waterloo, Black Hawk County, Iowa; Anyone who is interested may appear at said time and place and be heard or may file written objection with the City Clerk, City Hall, Waterloo, Iowa, before the date set for said hearing. By order of the Council of the City of Wa- terloo this 3rd day of May, 2010. Suzy Schares City Clerk RESOLUTION NO. 2010-373 RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH CJE PROPERTIES AND DIRECTING EXECUTION OF SAID AGREEMENT BY MAYOR. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that the Development Agreement dated May 17, 2010, to acquire and move six homes as part of the Highway 63 Expansion Project generally located at 1707 Logan Avenue, 1711 Logan Avenue, 1745 Logan Avenue, 1302 Logan Avenue, 1353 Logan Avenue and 1252 Logan Avenue, and for the sale and conveyance of seven city -owned lots for the placement of the six homes at 528 N. Barkley Street, 701 Cottage Street, 700 Cottage Street, 300 Cottage Street, 738 Mobile Street, 1203 Beech Street and 807 Beech Street for $1.00 each for a total of $6.00, by and between CJE Properties of Iowa City, Iowa and the City of Waterloo, Iowa, be and the same is hereby approved, and the Mayor and City Clerk authorized to execute the same in behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 17th day of May, 2010. ATTEST: Suzy S res, CMC City Clerk A„,;, 4ig2' est G. Clark, Mayor