HomeMy WebLinkAboutCJE Properties, Green Development and Riverside Investments - 2nd Amendment to Dev Agmnt - 9/14/2020 Preparer
Information: Christopher S.Wendland PO Box 596 Waterloo Iowa 50704 319 234-5701
Name Address city Phone
SECOND AMENDMENT TO DEVELOPMENT AGREEMENT
This Second Aendment to Development Agreement (the "Amendment") is
entered into as of W is , 2020, by and between CJE Properties (the
"Developer"), Green Development Waterloo, LLC ("Green"), Riverside Investments, LLC
("Riverside") and the City of Waterloo, Iowa (the "City").
RECITALS
A. Developer and City are parties to that certain Development Agreement
dated May 17, 2010 and filed October 13, 2011 as Doc. No. 2012-6670
(the "DA"), concerning the development of land (the "Property") described
therein_
B. Green became a party to the DA pursuant to a certain Amendment to
Development Agreement dated June 24, 2019 and filed August 28, 2019
as Doc. No. 2020-3780, which also amended other terms of the DA.
C. 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. Section 3 of the DA is amended to provide that the deadline for completion
of the project work at 738 Mobile Street is June 30, 2021.
2. Except as modified herein, the DA shall continue unmodified in full force
and effect. The DA and this Amendment shall inure to the benefit of and be binding
upon the parties and their respective successors, assigns and transferees.
IN WITNESS WHEREOF, the parties have executed this Second Amendment to
Development Agreement by their duly authorized representatives as of the date first set
forth above_
Page 2
CITY OF WATERLOO, IOWA CJE PROPERTIES
App-d by
516NE0 9/14/2020
By: Ortmiin Hm+ By-
Quentin Hart, Mayor
Title:
Attest: KelZq YcIchle
Kelley Felchle, City Clerk
GREEN DEVELOPMENT WATERLOO,
LLC
By:
Title:
RIVERSIDE INVESTMENTS, LLC
By-
Title: