HomeMy WebLinkAboutAMA Real Estate, LLC - Partial Termination of Dev Agmnt - 5/13/19Prepared by Christopher S. Wendland, P.O. Box 596, Waterloo, IA 50704. Phone (319) 234-5701
Return to Community Planning & Development, 715 Mulberry Street, Waterloo, IA 50703.
PARTIAL TERMINATION OF DEVELOPMENT AGREEMENT
WHEREAS, the City of Waterloo, Iowa ("City") and AMA Real Estate, L.L.C. ("Company")
entered into a certain Development Agreement (the "Agreement") and Minimum Assessment
Agreement (the "MAA"), each dated November 23, 2015 and filed December 8, 2015 as Doc. No.
2016-10441, concerning real property legally described in said documents; and
WHEREAS, due to performance of the parties and transactions subsequent to the Agreement
date, the parties desire to terminate the applicability of the Agreement and the MAA as to a portion of
the Property as described therein.
NOW, THEREFORE, the parties hereby agree that, with respect to the following real estate:
The parcel identified as "Remainder" on the Plat of Survey Doc. #2019-09618, being a
part of Parcel "E" of Plat of Survey Doc. #2016-11511 of part of the Southeast Quarter of
Section 5, Township 89 North, Range 13 West of the 5th P.M., Black Hawk County, Iowa.
and
Parcel "H" of Plat of Survey Doc. #2019-12691 of part of the Southeast Quarter of
Section 5, Township 89 North, Range 13 West of the 5th P.M., Black Hawk County, Iowa.
the provisions of the Agreement and the MAA shall be terminated as of the date hereof and shall have
no further force and effect.
Dated 3, 2-
CITY OF WATERLOO, IOWA
By: ��.���\�G✓f
Quentin Hart, Mayor
Attest:
Kelley Felchs', City Clerk
AMA REAL ESTATE, L.L.C.
By:
Adam Delagarde e, President
[acknowledgments on next page]
STATE OF IOWA
) ss.
BLACK HAWK COUNTY
Acknowledged before me on. , 2019 by Adam Delagardelle as President of
AMA Real Estate, L.L.C.
AIAL TIM ANDERA
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Z COMMISSION NO. 77251 S
* Win, * MY COMMISSION EXPIRES
/OW 1,, APRIL 11, 2021
S TATE OF IOWA
BLACK HAWK COUNTY
)
) ss.
Notary Public
Acknowledged before me on Vkrt4'1 , 2019 by Quentin Hart and Kelley Felchle, as
Mayor and City Clerk, respectively, of the rity of Waterloo, Iowa.
NANCY HIGBY
COMMISSIONN IXZ ARES
2
Notary Public