HomeMy WebLinkAboutSDC Real Estate - Termination of DA - 4.3.2023 (RECORDED) UI III IIIIII III IIII IIII II I IIIII IIII IIIII U I II 1 IIIII III IIIII III UII
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Recorded: 07/24/2023 at 02:47:15 PM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER 1 F 1
File2024--00001051
*CAM, * UJO (100
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.
TERMINATION OF DEVELOPMENT AGREEMENT
WHEREAS,the City of Waterloo,Iowa("City")and SDC Real Estate,L.L.C. ("Company")
entered into a certain Development Agreement(the"Agreement")and Minimum Assessment
Agreement(the"MAA"),each dated November 20,2017 and recorded October 9,2018 as Doc.No.
2019-5883,as later amended,concerning real property legally described in said documents(the
"Property");and
WHEREAS, Company has failed to undertake the Project,City did not convey the Property to
Company,and City desires to terminate the Agreement.
NOW,THEREFORE,City does hereby terminate the Agreement and the MAA.
Any term in this instrument that is capitalized but not defined has the same meaning that is
ascribed to it in the Agreement.
Dated April 3 ,2023
CITY OF WATERLOO,IOWA
By: Quertan
Jt
Quentin Hart, Mayor
Attest: xclley �Fetchue
Kelley Felchle, City Clerk
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