HomeMy WebLinkAbout2024-010-01.02.2024 (RECORDED) IIII III III IIIII IIIII III IIII IIIII IH I IHH III II IIIII IIHI II II
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Recorded: 03/14/2024 at 11:29:27 AM
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Black Hawk County Iowa
SANDIE L. SMITH RECORDER
i i i
File2024-0001 1 18 1
I'LPrepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2024-010
RESOLUTION APPROVING A SPECIAL WARRANTY DEED
FOR REVERTER OF TITLE ON BEHALF OF THE CITY OF
WATERLOO AS ATTORNEY-IN-FACT FOR TODD J.
BORWIG AND DEBRA BORWIG, PURSUANT TO A
DEVELOPMENT AGREEMENT WITH TODD J. BORWIG FOR
THE DEVELOPMENT OF PROPERTY LOCATED NORTH OF
1332 WALKER STREET, ORIGINALLY APPROVED BY
COUNCIL ON MAY 17, 2021, AND RECORDED FEBRUARY
17, 2023, AS DOC. NO. 2023-11532, FOR FAILURE TO
COMPLETE THE PROJECT PER THE TIMELINE PROVIDED
FOR IN THE DEVELOPMENT AGREEMENT, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DEED.
WHEREAS, the City of Waterloo, Iowa entered into a Development Agreement,
originally approved by the City Council on May 17, 2021, and recorded February 17, 2023, as
Doc. No. 2023-11532 with Todd J. Borwig, for a five-lot residential development that included
the construction of five single-family homes, for property located north of 1332 Walker Street,
and
WHEREAS, the developer, Todd J. Borwig has failed to complete the project, per the
timeline provided for in the Development Agreement, 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, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA,AS FOLLOWS:
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 Todd J. Borwig and Debra Borwig, pursuant to a
Development Agreement between said parties and the City of Waterloo for development of
property located north of 1332 Walker Street, be approved.
2. That the Mayor and City Clerk are authorized and directed to execute said deed on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of January 2024.
62CCe/tl/Z OIGITAILY
I!SIGNED
Quentin Hart, Mayor
ATTEST:
Kerrey Fe(chle S��NEo
Kelley Felchle, City Clerk
(j )
Resolution 2024-010
Page 2
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. 2024-010 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 2nd day of January 2024.
Witness my hand and seal of office this 2' 'day of January 2024.
Kelley Felchle DIGITALLY
SIGNER
Kelley Felchle, City Clerk
SEAL
o,c W 4 •
•
0
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-010
RESOLUTION APPROVING A SPECIAL WARRANTY DEED
FOR REVERTER OF TITLE ON BEHALF OF THE CITY OF
WATERLOO AS ATTORNEY -IN -FACT FOR TODD J.
BORWIG AND DEBRA BORWIG, PURSUANT TO A
DEVELOPMENT AGREEMENT WITH TODD J. BORWIG FOR
THE DEVELOPMENT OF PROPERTY LOCATED NORTH OF
1332 WALKER STREET, ORIGINALLY APPROVED BY
COUNCIL ON MAY 17, 2021, AND RECORDED FEBRUARY
17, 2023, AS DOC. NO. 2023-11532, FOR FAILURE TO
COMPLETE THE PROJECT PER THE TIMELINE PROVIDED
FOR IN THE DEVELOPMENT AGREEMENT, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DEED.
WHEREAS, the City of Waterloo, Iowa entered into a Development Agreement,
originally approved by the City Council on May 17, 2021, and recorded February 17, 2023, as
Doc. No. 2023-11532 with Todd J. Borwig, for a five -lot residential development that included
the construction of five single-family homes, for property located north of 1332 Walker Street,
and
WHEREAS, the developer, Todd J. Borwig has failed to complete the project, per the
timeline provided for in the Development Agreement, 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, IT IS HEREBY RESOLVED BY THE COUNCIL OF THE CITY
OF WATERLOO, IOWA, AS FOLLOWS:
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 Todd J. Borwig and Debra Borwig, pursuant to a
Development Agreement between said parties and the City of Waterloo for development of
property located north of 1332 Walker Street, be approved.
2. That the Mayor and City Clerk are authorized and directed to execute said deed on
behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 2nd day of January 2024.
Quern itz 9 (ar
Quentin Hart, Mayor
ATTEST:
7(elley Felchle
Kelley Felchle, City Clerk
Resolution 2024-010
Page 2
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. 2024-010 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 2nd day of January 2024.
SEAL
AY
1.10
Witness my hand and seal of office this 2nd day of January 2024.
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Kelley Felchle
Kelley Felchle, City Clerk