HomeMy WebLinkAbout2022-577-09.06.2022 (RECORDED) IIIIIIIIIIIillhIiIiIJIIiJIJlljllhIllhIJIllhIIJJIIjjJIJjjJJJJ)Ijii!JiiJ
iiii
Doc ID: 011830600002 Type: GEN
Recorded: 09/13/2022 at 11:54:43 AM
Fee Amt: $12.00 Paqe 1 of 2
Black Hawk County Iowa
SANDIE L. SMITH RECORDER
File2023-00004366
.$ Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, 319-291-4323.
RESOLUTION NO. 2022-577
RESOLUTION APPROVING A SPECIAL WARRANTY DEED
FOR REVERTER OF TITLE ON BEHALF OF THE CITY OF
WATERLOO AS ATTORNEY-IN-FACT FOR GOLDFINCH
S&M PROPERTIES, LLC, PURSUANT TO A DEVELOPMENT
AGREEMENT BETWEEN SAID ENTITY AND THE CITY OF
WATERLOO FOR THE REHABILITATION OF 1332 WALKER
STREET, ORIGINALLY APPROVED BY COUNCIL ON APRIL
27, 2020 AND RECORDED JULY 16, 2020 AS DOC. NO. 2021-
1069, AND LATER AMENDED BY AN AGREEMENT DATED
SEPTEMBER 28, 2020, AND RECORDED DECEMBER 17,
2020 AS DOC. NO. 2021-12970, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
WHEREAS, the City of Waterloo entered into a Development Agreement, originally
approved by Council on April 27, 2020 and recorded July 16, 2020 as Doc. No. 2021-1069, and
later amended by an Agreement dated September 28, 2020, and recorded December 17, 2020 as
Doc. No. 2021-12970, with Goldfinch S&M Properties, LLC to rehab the City owned home at
1332 Walker Street, and
WHEREAS, the developer failed to complete the project per the time line provided for in
said Development Agreement, and
WHEREAS, the developer was served notice of default and failed to cure the default
within the 30 day period provided for in said notice, and
WHEREAS, a Special Warranty Deed for Reverter of Title will deed the property back to
the City of Waterloo, as provided for in said Development Agreement.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA
1. That the Resolution approving a Special Warranty Deed for Reverter of Title on
behalf of the City of Waterloo as attorney-in-fact for Goldfinch S&M Properties, LLC,
pursuant to a Development Agreement between said entity and the City of Waterloo for
the rehabilitation of 1332 Walker Street, is hereby approved.
2. That 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 6th day of September 2022.
tiitkertiPk ftart SIGNf.6s>„ D
Quentin Hart, Mayor
ATTEST:
(�a )
Resolution No. 2022-577
Page 2
7(elThy Fe(cfi1e IXIED,{
N
Kelley Felchle, City Clerk
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. 2022-577 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of September 2022.
Witness my hand and seal of office this 6th day of September 2022.
2(elley Ferch si n
Ce
Kelley Felchle, City Clerk
SEAL
I
. pW4;>
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, 319-291-4323.
RESOLUTION NO. 2022-577
RESOLUTION APPROVING A SPECIAL WARRANTY DEED
FOR REVERTER OF TITLE ON BEHALF OF THE CITY OF
WATERLOO AS ATTORNEY -IN -FACT FOR GOLDFINCH
S&M PROPERTIES, LLC, PURSUANT TO A DEVELOPMENT
AGREEMENT BETWEEN SAID ENTITY AND THE CITY OF
WATERLOO FOR THE REHABILITATION OF 1332 WALKER
STREET, ORIGINALLY APPROVED BY COUNCIL ON APRIL
27, 2020 AND RECORDED JULY 16, 2020 AS DOC. NO. 2021-
1069, AND LATER AMENDED BY AN AGREEMENT DATED
SEPTEMBER 28, 2020, AND RECORDED DECEMBER 17,
2020 AS DOC. NO. 2021-12970, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
WHEREAS, the City of Waterloo entered into a Development Agreement, originally
approved by Council on April 27, 2020 and recorded July 16, 2020 as Doc. No. 2021-1069, and
later amended by an Agreement dated September 28, 2020, and recorded December 17, 2020 as
Doc. No. 2021-12970, with Goldfinch S&M Properties, LLC to rehab the City owned home at
1332 Walker Street, and
WHEREAS, the developer failed to complete the project per the time line provided for in
said Development Agreement, and
WHEREAS, the developer was served notice of default and failed to cure the default
within the 30 day period provided for in said notice, and
WHEREAS, a Special Warranty Deed for Reverter of Title will deed the property back to
the City of Waterloo, as provided for in said Development Agreement.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA
1. That the Resolution approving a Special Warranty Deed for Reverter of Title on
behalf of the City of Waterloo as attorney -in -fact for Goldfinch S&M Properties, LLC,
pursuant to a Development Agreement between said entity and the City of Waterloo for
the rehabilitation of 1332 Walker Street, is hereby approved.
2. That 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 6th day of September 2022.
Quentin Hart, Mayor
ATTEST:
Resolution No. 2022-577
Page 2
Kelley Felchle, City Clerk
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. 2022-577 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of September 2022.
Witness my hand and seal of office this 6th day of September 2022.
7(elley Felchle
Kelley Felchle, City Clerk
SEAL