HomeMy WebLinkAboutHabitat for Humanity Amendment to Development Agreement (4 homes) - 2.21.2021(RECORDED)u
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Doc ID: 010433530003 Type GEN
Recorded: 04/19/2022 at 03:59:28 PM
Fee Amt: $17.00 Page 1 of 3
Black Hawk County Iowa
SANDIE L. SMITH RECORDER
Fi1e2022-00020377
Prepared by Christopher S. Wendland, P.O. Box 596, Waterloo, IA 50703.
AMENDMENT TO DEVELOPMENT AGREEMENT
319-234-5701
This Amendment to Development Agreement (the "Amendment") is entered into
as of February 21 , 2022 by and between Iowa Heartland Habitat for Humanity (the
"Company") and the City of Waterloo, Iowa (the "City").
RECITALS
A. Company and City are parties to that certain Development Agreement
dated as of March 5, 2018 (the "DA") concerning the development of
property as described in the Agreement. The DA has been filed in the
land records of Black Hawk County as Doc. No. 2018-16602.
B. The parties desire to amend the DA to modify the terms as set forth in this
Amendment.
NOW, THEREFORE, in consideration of the mutual covenants set forth herein,
the parties agree as follows:
1. Section 6 of the DA is amended to add the following new paragraph E
thereto:
E. Infill Housing Grant. As provided in the City's infill housing policy, City will
pay Company a grant of $5,000.00 with respect to Lots identified on
Exhibit "A" as 8913-24-157-003, 8913-24-162-002, 8913-24-303-021 and
8913-24-303-024, within ninety (90) days after Company has obtained a
certificate of occupancy for Improvements made upon the Lot and the City
has verified that Improvements have been substantially completed.
2. Exhibit "A" to the DA is amended to add the following property: "8913-24-
303-024 — Lot 4 in Block 66, except Parel "B" of Plat of Survey Doc. No. 2019-11752,
and the East one-half of Lot 5 in Block 66, Cooley Addition, City of Waterloo, Iowa."
3. Except as modified herein, the DA shall continue unmodified in full force
and effect. Terms in this Amendment that are capitalized but not defined herein will
have the same meanings herein that are ascribed to them in the DA. The DA and this
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Amendment 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 Amendment to
Development Agreement by their duly authorized representatives as of the date first set
forth above.
CITY OF WATERLOO, IOWA IOWA HEARTLAND HABITAT FOR
HUMANITY
By:
By: = F�--
Quentin Hart, Mayor Ali Parrish, Executive Director
Attest: ? el y r rcfi e
Kelley Felchle, City Clerk
Page 3
Exhibit "A"
Legal Descriptions
1. 421 Almond Street — Parcel Number 8913-24-303-024
Lot 4 in Block 66, except Parcel "B" of Plat of Survey Doc. #2019-11752 filed February
1, 2019; and the East One-half of Lot 5 in Block 66 all in The Cooley Addition to
Waterloo, Iowa.
2. 325 Clay Street- Parcel Number 8913-24-162-002
The north 64 feet of Lot No.17 in Block No.30 in Railroad Addition to the City of
Waterloo, Iowa.
3. 8913-24-303-021 & 8913-24-303-022 (FKA 210 Clay Street)
The North 44 feet of lot 12, Block 66, Cooley Addition, Waterloo, Iowa.
4. 8913-24-157-003 (FKA 425 Clay Street)
The north 45 feet of the South 90 feet of Lots Nos.12 and 13, in Block No. 19, in
Railroad Addition to the City of Waterloo, Black Hawk County