HomeMy WebLinkAboutCamenzind Masonry, LLC - (RECORDED) Amendment to Dev Agmnt and MA - 3.4.2024 2024-16413
RECORDED:06/26/2024 03:06:33 PM
RECORDING FEE:$12.00
REVENUE TAX:$
COMBINED FEE:$12.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Prepared by Christopher S.Wendland, P.O. Box 596,Waterloo, IA 50703. 319-234-5701
AMENDMENT TO DEVELOPMENT AGREEMENT and
AMENDMENT TO MINIMUM ASSESSMENT AGREEMENT
This Amendment to Development Agreement and Amendment to Minimum Assessment
Agreement (the "Amendment") is entered into as of j 2,0 V4'by and between the
City of Waterloo, Iowa ("City") and Camenzind Masonry, LLC "Company").
RECITALS
A. Company and City are parties to that certain Development Agreement dated
August 15, 2022 (the "Agreement") concerning the development of property as
described in the Agreement and also parties to that certain Minimum Assessment
Agreement of the same date (the "MAA"). The Agreement and MAA were filed
together in the records of the Black Hawk County Recorder on September 22,
2022 as Doc. No. 2023-5042.
B. The parties desire to amend the DA and MAA on the terms set forth herein.
NOW, THEREFORE, in consideration of the premises and of other consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereby agree to amend the
Agreement as follows:
1. Section 5 of the DA is amended to state that the Completion Deadline is October
31, 2024.
2. Section 1 of the MAA is amended to strike "December 31, 2023" therefrom and to
substitute "December 31, 2024" in its place.
3. Section 2 of the MAA is amended to strike "December 31, 2033" therefrom and to
substitute "December 31, 2034" in its place.
4. Except as amended herein, the DA and the MAA shall continue unmodified in full
force and effect. Terms capitalized in this Amendment but not defined herein shall have the
meaning ascribed to them in the Agreement. This Amendment is binding on the parties and the
respective successors, assigns, transferees and legal representatives of each. This
Amendment may be executed in counterparts, each of which shall be deemed an original and
all of which, when taken together, shall constitute a single instrument.
IN WITNESS WHEREOF, the parties have executed this Amendment to Development
Agreement and Amendment to Minimum Assessment Agreement as of the date first set forth
above.
CAMENZIND MASONRY, LI
CITY OF WATERLOO, IOWA
C
By: ;i By: t t
/Michael Camenzin Quentin M. Hart, Mayor
Managing Member By: Aildk
Kelley Fel hle, City Clerk
STATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
Acknowledged before me on h(Ui9 )�11 2LV( , by Michael Camenzind as Managing
Member of Camenzind Masonry, LLC.
t
n
EMILY SELIGA !/
2 fit" Commission Number 849716
*, * My Commission Expires Notary Public
'OW' July 27,2026
STATE OF IOWA )
) ss.
BLACK HAWK COUNTY ) Mild/
Acknowledged before me on 5 , by Quentin M. Hart and Kelley Felchle,
as Mayor and City Clerk, respectively, of the City of Waterloo,Iowa.
o0P"sc BRITNI C PERKINS
z r COMMISSION NO.845529 N t
* MY COMMISSION EXPIRES
IOWA JANUARY 27,2026
2
Prepared by Christopher S.Wendland, P.O. Box 596,Waterloo, IA 50703. 319-234-5701
AMENDMENT TO DEVELOPMENT AGREEMENT and
AMENDMENT TO MINIMUM ASSESSMENT AGREEMENT
This Amendment to Development Agreement and Amendment to Minimum Assessment
Agreement (the "Amendment") is entered into as of (xi LA 24,21 by and between the
City of Waterloo, Iowa ("City") and Camenzind Masonry, LLC "Company").
RECITALS
A. Company and City are parties to that certain Development Agreement dated
August 15, 2022 (the "Agreement") concerning the development of property as
described in the Agreement and also parties to that certain Minimum Assessment
Agreement of the same date (the "MAA"). The Agreement and MAA were filed
together in the records of the Black Hawk County Recorder on September 22,
2022 as Doc. No. 2023-5042.
B. The parties desire to amend the DA and MAA on the terms set forth herein.
NOW, THEREFORE, in consideration of the premises and of other consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereby agree to amend the
Agreement as follows:
1. Section 5 of the DA is amended to state that the Completion Deadline is October
31, 2024.
2. Section 1 of the MAA is amended to strike "December 31, 2023" therefrom and to
substitute "December 31, 2024" in its place.
3. Section 2 of the MAA is amended to strike "December 31, 2033" therefrom and to
substitute "December 31, 2034" in its place.
4. Except as amended herein, the DA and the MAA shall continue unmodified in full
force and effect. Terms capitalized in this Amendment but not defined herein shall have the
meaning ascribed to them in the Agreement. This Amendment is binding on the parties and the
respective successors, assigns, transferees and legal representatives of each. This
Amendment may be executed in counterparts, each of which shall be deemed an original and
all of which, when taken together, shall constitute a single instrument.
IN WITNESS WHEREOF, the parties have executed this Amendment to Development
Agreement and Amendment to Minimum Assessment Agreement as of the date first set forth
above.
CAMENZIND MASONRY, LLC CITY OF WATERLOO, IOWA
By: ,, ii By: CA-, 13 cck7'
/Michael amenzin Quentin M. Hart, Mayor
Managing Member
By: /I
Kelley Felhle, City Clerk
STATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
Acknowledged before me on riabCUCtriA I ll 2,62)4 , by Michael Camenzind as Managing
Member of Camenzind Masonry, LLC.
�c
EMILY SELIGA �
I is Commission Number 849716
* My Commission Expires Notary Public
/Owl
July 27,2026
STATE OF IOWA
ss.
BLACK HAWK COUNTY )
Acknowledged before me on Mrrr,Ii 5 by Quentin M. Hart and Kelley Felchle,
as Mayor and City Clerk, respectively, of the City of Waterloo Iowa.
a�"(s� BRIM C PERKINS
z • COMMISSION NO.845529 Nbt I.
* * MY COMMISSION EXPIRES
IOWA JANUARY 27,2026
2