HomeMy WebLinkAboutTaylor Ventures - Amendment to Dev Agmnt & Min Assmnt Agmnt-12/11/2017Preparer
Information: Adrienne Miller, 715 Mulberry Street, Waterloo, IA 50703
Name Address City
(319) 291-4366
Phone
SPACE ABOVE THIS LINE
FOR RECORDER
AMENDMENT TO DEVELOPMENT AGREEMENT and
AMENDMENT TO MINIMUM ASSESSMENT AGREEMENT
This Amendment to Development Agreement and Amendment to Minimum
Assessment Agreement (the "Amendment") is entered into as of be cc r- e--
2017 by and between Taylor Ventures, LLC (the "Company") and the City of Waterloo,
Iowa (the "City").
RECITALS
A. Company and City are parties to that certain Development Agreement
dated February 15, 2016 (the "DA") concerning the development of land
(the "Property") described on Exhibit "A" to the DA. Company and City are
also parties to that certain Minimum Assessment Agreement (the "MAA")
pertaining to the Property, dated as of the same date. The DA and MAA
have been filed in the land records of Black Hawk County, Iowa, as Doc.
No, 2016-18700.
B. The parties desire to amend the DA and MAA on the terms set forth
herein to extend the time for Company to complete the Project.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and of other
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereby agree to amend the Agreement as follows"
1. Section 3 of the DA and Section 1 of the MAA are each amended to strike
"December 31,2019" therefrom and to substitute "August 31, 2020" in place
thereof. Also strike "January 1, 2018" therefrom and substitute "September 1
2018" Section 2 of the MAA is also amended to strike "December 31, 2032" and
January 1, 2033" therefrom and to substitute "August 31, 2033" and September
1, 2033" in place thereof, respectively.
2. Except as amended herein, the DA and MAA shall continue unmodified in fill
force and effect. This Amendment is binding on the parties and the respective
successors, assigns, transferees and legal representatives of each. This
Amendment may be executed in counterpart, each of which shall be deemed an
original and all of which, when taken together, shall constitute a single
instrument.
IN WITNESS WHEREOF, the parties have executed this Development
Agreement by their duly authorized representatives as of the date first set forth above.
CITY OF WATERLOO, IOWA
COMPANY,
By:,sZalA2 By: 0/./
Quentin Hart, Mayor �, Tom Taylor,r Ventures, LLC
Attest:
///./u1.41
Kelley Felch City Clerk
STATE OF IOWA
ss.
COUNTY OF BLACK HAWK
y '\
On this 7 day of J�ce_ ,\ , 2017, before me, a Notary Public in
and for the State of Iowa, personally appeared Quentin Hart and Kelley Felchle, 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 by them voluntarily executed.
NANCY HICBY
COMMISSION NO.788229
MY COMMISSION EXPIRES
Notary Publi
AteA
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
Subscribed and sworn to before me on Z'Cli2'L / / , 2017 by Tom
1
Taylor.
TIM ANDERA
COMMISSION NO.772518
MY COMMISSION EXPIRES
APRIL 11, 2018
Notary Public