HomeMy WebLinkAboutAMA Real Estate, LLC - Partial Termination of Dev Agmnt (RECORDED) 111111111111III IIIII IIIII IIIII IIIII I1111IIIII IIIII IIIII IIIII II II II II I II
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003 Type: GEN
Recorded: 07/03/2019 at 01:51:03 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER
Fi1e2020_00000276
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Prepared 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:
Parcel "G" of 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.
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 � /� /(`'k
CITY OF WATERLOO,IOWA AMA REAL ESTATE,L.L.C.
BY: sivt�� L1 By: ,CJ / ,
Quentin Hart, Mayor A am Delagard- e, President
P / / (//
Attest: �� t/� � �I A
Ke -y Felchr ity lerk
[acknowledgments on next page]
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STATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
Acknowledged before me on nfo y ` , 2019 by Adam Delagardelle as President of
AMA Real Estate, L.L.C.
���"�8 TIM ANDERA
z° � COMMISSION NO.772518
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* * MY COMMISSION EXPIRES
/bwp NotaryPublic APRIL 11,2021
S TATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
Acknowledged before me on W2--( , 2019 by Quentin Hart and Kelley Felchle, as
Mayor and City Clerk, respectively, of the Cit of Waterloo, Iowa.
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i--• NANCY HIGBY
COMMISSION NO.729 Notary Public
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2
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-3 75
RESOLUTION APPROVING THE PARTIAL TERMINATION
OF A DEVELOPMENT AGREEMENT WITH AMA REAL
ESTATE, LLC, APPROVED BY COUNCIL NOVEMBER 23,
2015, AND FILED DECEMBER 8, 2015 AS DOC. NO. 2016-
10441, AND AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
that the Partial Termination of a Development Agreement dated May 13, 2019, with AMA Real
Estate, LLC, approved by Council November 23, 2015, and filed December 8, 2015 as Doc.No.
2016-10441, is hereby approved and the Mayor and City Clerk are authorized and directed to
execute said documents on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 20th day of May 2019.
Quentin Hart, Mayor
ATTEST:
140 //
Kelley Fe"hie
City Cler
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2019-375 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 20th day of May 2019.
Witness my hand and seal of office this 20th day of May 2019.
1 .///./4 , :/
Ke-ley Felc 'e
City Clerk
SEAL