HomeMy WebLinkAboutTaylor Real Estate Holdings - Second Amendment to Dev Agmnt-1/22/2018Preparer
Information: Adrienne Miller, 715 Mulberry Street, Waterloo, IA 50703 (319) 291-4366
Name Address City Phone
SPACE ABOVE THIS LINE
FOR RECORDER
SECOND AMENDMENT TO DEVELOPMENT AGREEMENT and
MINIMUM ASSESSMENT AGREEMENT
This Amendment to Development Agreement and Amendment to Minimum
Assessment Agreement (the "Amendment") is entered into as of _ten .N 22_ ,
2018 by and between Taylor Real Estate Holdings, 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 change the LLC name associated with the agreements.
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. All references to the LLC name for the agreements are hereby changed from
Taylors Ventures, LLC to Taylor Real Estate Holdings, LLC 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
By: 02 -k.). -9-1Y1 kJ„ -- By:
Tom Taylor, Taylor Real Estate
Holdings, LLC
COMPA Y
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Quentin Hart, Mayor
Attest:
Kelley F , City Clerk
STATE OF IOWA
) ss.
COUNTY OF BLACK HAWK
On this ) `\ day of: Los , 2018, 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.
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NANCY HIGBY
COMMISSION NO.788229
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STATE OF IOWA
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COUNTY OF BLACK HAWK
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Subscribed and sworn to before me on .� /9 , 2018 by Tom
Taylor.
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TIM AND
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COMMISSION 140772518
MY COMMISSION EXPIRES
'°g" APRIL 11,2018
Notary Public