HomeMy WebLinkAboutVillage Creek Rentals, LLC - Termination of Developmen Agreement - 6.7.2021 (RECORDED) IIII III III IIIII0101101010IIIII IIIII IIIII III0IIII II IM
Doc ID: 010248640002 Type: GEN
Recorded: 08/25/2021 at 01:14:37 PM
Fee Amt: $12.00 Page 1 of 2
Black Hawk County Iowa
SANDIE L. SMITH RECORDER /� Q
File2022-0000429Q
`7,Prepared by Christopher S. Wendland, P.O. Box 596, Waterloo, IA 50704. Phone(319)234-5701
)1: Return to Community Planning&Development, 715 Mulberry Street,Waterloo, IA 50703.
TERMINATION OF DEVELOPMENT AGREEMENT
WHEREAS, the City of Waterloo, Iowa("City")and Village Creek Rentals, LLC
("Developer")entered into a certain Development Agreement(the"Agreement")and Minimum
Assessment Agreement(the"MAA"), each dated November 20, 2017 and filed March 13,2018 as Doc.
No. 2018-14847,as later amended by document dated April 13, 2020 and filed May 12, 2020 as Doc.
No.2020-19656,concerning real property legally described in said documents; and
WHEREAS,the parties desire to terminate the Agreement and the MAA on the terms set forth
herein.
NOW, THEREFORE,the parties agree as follows:
1. The Agreement and MAA are hereby terminated. Within thirty(30)days, Developer
shall convey the Chalmers Lots to City by special warranty deed, free and clear of any lien,claim, or
encumbrance arising by or through Developer,and shall concurrently deliver to City any abstracts of
title for the Chalmers Lots, and upon receipt of said deed and abstract City shall pay$10,000.00 to
Developer in refund of the Purchase Price for the Chalmers Lots. Upon completion of such actions,
neither party shall have further obligation to the other party under the Agreement or the MAA, except to
fully carry out the purposes and intent of this instrument.
2. Terms in this instrument that are capitalized but not defined will have the same
meanings that are ascribed to them in the Agreement. This instrument shall inure to the benefit of and
be binding upon the parties and their respective successors and assigns.
IN WITNESS WHEREOF,the parties have executed this Termination of Development
Agreement by their duly authorized representatives as of the date first set forth above.
CITY OF WATERLOO, IOWA VILLAGE CREEK RENTALS, LLC
By: y�t z ,,'1` — vtaf ''e l ,
Quentin Hart, Mayor J son R. Strelow, anager
Attest:
Kelley lchle, City Clerk
2
STATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
Acknowledged before me on (y\Q,y I , 2021 by Jason R. Strelow as Manager of
Village Creek Rentals, LLC. J
Onr)
"`•, ANDREA WESTER Notary Public
4o COMMISSION NO.764042
61yl sicog; PIRES
S TATE OF IOWA )
ss.
BLACK HAWK COUNTY )
Acknowledged before me on 1" k , 2021 by Quentin Hart and Kelley Felchle, as
Mayor and City Clerk, respectively, of the City of Waterloo, Iowa.
Notary Pub c
,- NANCY i-IIGBY
COMMISSION NO.788229
« . • My • M SI0104 '
2
IIllIIllIlftII IIIIIIIIIIIII I IIII III I II
Doc ID: 010248650001 Type: GEN
Recorded: 08/25/2021 at 01:16:56 PM
Fee Amt: $12.00 Page 1 of 1
Revenue Tax: $0.00
Black Hawk County Iowa
SANDIE L. SMITH RECORDER
File2022-00004299
cA.v Vkko loo.
Preparer
Information Christopher S.Wendland P.O. Box 596 Waterloo,IA 50704 (319)234-5701
Individual's Name Street Address City Phone
Address tax statement to City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703
Return deed to P&Z Office, 715 Mulberry Street, Waterloo, IA 50703
SPECIAL WARRANTY DEED
For the consideration of One Dollar($1.00) and other valuable consideration, Village Creek Rentals, LLC, does
hereby convey to City of Waterloo, Iowa the following described real estate in Black Hawk County, Iowa:
Lot 6 and Lot 7, Block 16, Downing Place, City of Waterloo, Iowa.
Consideration less than $500.00. Exempt from real estate transfer tax, declaration of value, and
groundwater hazard statement.
This deed is made in compliance with a termination of the development agreement between the parties
dated November 20, 2017 and filed March 13, 2018 as Doc. No. 2018-14847, as amended.
This conveyance is in the ordinary course of business, the signor is duly authorized to convey the above-
described real estate hereunder, and the grantor LLC is manager-managed.
Grantor hereby covenants with grantee, and successors in interest,to warrant and defend the real estate against
the lawful claims of all persons claiming by, through, or under it, except as may be stated above.
Words and phrases herein, including acknowledgment hereof, shall be construed as in the singular or plural
number, and as masculine or feminine gender, according to the context.
STATE OF IOWA ) Dated u".t 1 &' , 2021
ss:
BLACK HAWK COUNTY )
Acknowledged before me on -I VILLAGE CREEK RENTALS, LLC
2021, by Jason R. Strelow as Manager of Village
Creek Rentals, LLC.
•
J son R. Strelow, anager
Notary Public
„ ADAM BIRETZ
Z kW COMMISSION NO.817225
* * MY COMMISSION EXPIRES
'ow., JUNE 03,2022