HomeMy WebLinkAboutCentral Property Holdings, LLC - Amndmt No. 3 - 11/5/2018 Preparer
Information: Christopher S. Wendland, PO Box 596,Waterloo Iowa 50704 (319)234 5701
Name Address City Phone
SPACE ABOVE THIS LINE
FOR RECORDER
AMENDMENT NO. 3 TO DEVELOPMENT AGREEMENT
This Amendment No. 3 to Development Agreement (the "Amendment") is
entered into as of ��c,l � , 2018, by and between Central Property
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 August 7, 2017, as later amended on February 19, 2018 and
September 24, 2018 (collectively, the "DA"), concerning the development
of land (the "Property") described on Exhibit "A" to the DA. The DA has
been filed in the land records of Black Hawk County, Iowa, as Doc. No.
2018-7765 and as Doc. No. 2019-2747.
B. The parties desire to amend the DA to modify the terms thereof as set
forth in this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants set forth herein,
the parties agree as follows.-
1.
ollows:1. Daniel E. Levi is hereby released from the personal guaranty that he
executed as part of the DA. Rodney A. Anderson shall remain obligated as personal
guarantor.
2. Except as modified herein, the DA shall continue unmodified in full force
and effect. Terms in this Amendment that are capitalized but not defined will have the
same meanings herein that are ascribed to them in the DA. The DA and this
Amendment shall inure to the benefit of and be binding upon the parties and their
respective successors and assigns.
Page 2
IN WITNESS WHEREOF, the parties have executed this Amendment No. 3 to
Development Agreement by their duly authorized representatives as of the date first set
forth above.
CITY OF WATERLOO, IOWA CENTRAL PROPERTY HOLDINGS,
LLC
By: By: ajw�-A
Quentin Hart, Mayor Rodn A. Anderson
Managing Member
Attest:
Kelley Felc , City Clerk