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HomeMy WebLinkAboutTaylor Ventures, LLC(RECORDED)Prepare` InrormaUon: Adrienne Miller, 715 Mulberry Street, Waterloo IA 50703 (319) 291-4366 Name Address City Phone et.{CI 6(-({AftVW° 11111I��III HI \III II 111111111111 MI Doc ID' 008333340004 Type GEN Recorded: 02/13/2018 at 04:16:33 PM Fee Amt: $22.00 Page 1 of 4 Black Hawk County Iowa SANDIE L. SMITH RECORDER Fi1e2018-00013323 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 (cy-3- L t 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 7 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 COMPA Y By: 4 � x f Quentin Hart, Mayor Attest: I Kelley Fhle, City Clerk STATE OF IOWA ) ss. COUNTY OF BLACK HAWK By: // Tom Taylor, Taylor Ventures, LLC On this day of - e [-e h�, 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. W NAN& HIGBY COMMISSION NO.788229 MY COMMISSION EXPIRES /1ct Notary Pu Iic STATE OF IOWA ss. COUNTY OF BLACK HAWK ) c, Subscribed and sworn to before me on 7)e<MM(// , 2017 by Tom Taylor. TIM ANDERA COMMISSION NO.T72518 MY COMMISSION EXPIRES APRIL 11, 2018 Notary Iublic Exhibit "A" Tower Park No 6 Lot 2, City of Waterloo, Black Hawk County, State of Iowa.