HomeMy WebLinkAboutDeer Creek Development-6/5/2017AMENDMENT TO DEVELOPMENT AGREEMENT
This Amendment to Development Agreement (the "Amendment") is entered into
as of June 5 , 2017, by and between the City of Waterloo, Iowa ("City") and Deer
Creek Development, LLC ("Company").
RECITALS
A. Company and City are parties to a certain Development Agreement entered
into as of September 26, 2016 (the "Agreement"), which was filed December
22, 2016 as Doc. No. 2017-11661.
B. The parties desire to amend the Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual promises set forth herein,
the parties hereby agree as follows:
1. Section 4 of the Agreement is hereby amended to strike "180 days"
therefrom and to substitute "360 days" in lieu thereof.
2. Except as modified herein, the Agreement shall continue 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 Amendment to
Development Agreement by their duly authorized representatives as of the date first set
forth above.
Deer Creek Development, LLC
By:
Harold L. You
nager
City of Waterloo, Iowa
By:
Quentin M. Hart, Mayor
By:
Kelley F:- ch e, City Clerk