HomeMy WebLinkAbout2015-136-2/23/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-136
RESOLUTION APPROVING RELEASE OF REVERSIONARY
RIGHTS WITH BLACK HAWK CONTRACTING &
DEVELOPMENT, INC. OF WATERLOO, IOWA AND
DIRECTING EXECUTION OF SAID RELEASE BY MAYOR.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Release of Reversionary Rights dated February 23, 2015,
releasing and relinquishing all rights of reversion, or similar
rights, arising from or in connection with a certain Development
Agreement as such rights relate to real property now legally
described as follows:
Tract 5 of Plat of Survey Doc. #2012-05789 being a part
of Lots 5 and 6, Block 14, Second Addition to Grand
View Place, Waterloo, Iowa;
by and between Black Hawk Contracting & Development, Inc. of
Waterloo, 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 23rd day of February, 2015 .
Ernest G. Clark, Mayor
ATTEST:
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Suzy Sch fres, CMC
City Clerk