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Home My WebLink About2024-604-10.07.2024 (RECORDED) 2024-23710 RECORDED:11 J 21 J 2002 4 04:22:29 PM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA Preparer Information Christopher S.Wendland, P.O. Box 596,Waterloo, IA 50704 (319)234-5701 After recording, return to:Tim Andera,City of Waterloo,715 Mulberry St.,Waterloo, IA 50703 AFFIDAVIT STATE OF IOWA ) ss. COUNTY OF BLACK HAWK ) The undersigned, being first duly sworn on oath, deposes and states as follows: 1. I am an Economic Development Specialist for the City of Waterloo, Iowa. I have personal knowledge of the matters set forth in this affidavit. 2. On or about October 2, 2023, the city council of the City of Waterloo approved a certain Development Agreement ("DA") and Minimum Assessment Agreement ("MAA") with JSA Development, LLC, concerning the development of property described therein, located at 425 Franklin Street, Waterloo, Iowa. 3. The DA and MAA contained a scrivener's error. The urbarr renewal area in which the property is located is the East Waterloo Unified Urban Renewal and Redevelopment Plan Area, not the Downtown Waterloo Urban Renewal and Redevelopment Plan Area. 4. This affidavit is given to aid in clearing title to the property. Dated October Z3 , 2024 Tim Andera Subscribed and sworn to before me on October 2 3 , 2024 by Tim Andera. EMILY SELIGA Commission Number 849716 �/ My Commission Expires / LG' */OVA July 27,2026 Notary Public 2024-23711 RECORDED:11/21i 2024 04:22:30 PM RECORDING FEE:$12.00 REVENUE TAX:$ COMBINED FEE:$12.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA f. Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-604 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH A.C.O. CONSTRUCTION, L.C. FOR THE CONSTRUCTION OF TWO SINGLE-FAMILY DWELLINGS LOCATED AT 4429 AND 4455 CHARM DRIVE, INCLUDING A $5,000.00 INFILL INCENTIVE FOR EACH DWELLING FOR A TOTAL INCENTIVE AMOUNT OF $10,000.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo is committed to encouraging residential development and enhancing community infrastructure through strategic incentives, targeting infill development to optimally utilize existing urban spaces;and WHEREAS, A.C.O. Construction, L.C., has proposed the construction of two single-family dwellings at 4429 and 4455 Charm Drive, projects that align with the city's goals for local development and neighborhood improvement; and WHEREAS, a Development Agreement has been prepared to formalize terms of collaboration between the City of Waterloo and A.C.O. Construction, L.C., including a 5,000.00 infill incentive per dwelling, aggregating total incentive of 10,000.00, offered to stimulate quality housing development within the target area; and WHEREAS, this development partnership is anticipated to foster city growth, enhance property values, and serve the housing needs of current and future residents effectively. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The Development Agreement with A.C.O. Construction, L.C. is hereby approved to facilitate the construction of two single-family dwellings at specified locations on Charm Drive, furthering the city's residential growth strategy. 2. An infill incentive of 5,000.00 per dwelling, totaling $10,000.00, is authorized, as stipulated within the agreement, to support and incentivize construction in infill areas. 3. The Mayor and City Clerk are authorized and directed to execute the agreement and any supporting documents necessary to enact the provisions of this initiative. 4. The Planning and Zoning Department shall monitor the development progress to ensure compliance with the agreement terms and alignment with community objectives, providing updates to the council as appropriate. 5. This resolution shall take effect upon its passage and approval. PASSED AND ADOPTED this 7th day of October 2024. Resolution 2024-604 Page 2 Qae z- i L 9-tar( DIGITALLY SIGNED ATTEST: Quentin Hart, Mayor I(e(Cey Fe(chk. { S m DlGITALLV IGNED Kelley Felchle, City Clerk SEAL 0c W 4 A 8 1 W'Y� #� I�IYI FRS • I4ILI■Jlillillll II . r " v Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-604 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH A.C.O. CONSTRUCTION, L.C. FOR THE CONSTRUCTION OF TWO SINGLE-FAMILY DWELLINGS LOCATED AT 4429 AND 4455 CHARM DRIVE, INCLUDING A $5,000.00 INFILL INCENTIVE FOR EACH DWELLING FOR A TOTAL INCENTIVE AMOUNT OF $10,000.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo is committed to encouraging residential development and enhancing community infrastructure through strategic incentives, targeting infill development to optimally utilize existing urban spaces; and WHEREAS, A.C.O. Construction, L.C., has proposed the construction of two single-family dwellings at 4429 and 4455 Charm Drive, projects that align with the city's goals for local development and neighborhood improvement; and WHEREAS, a Development Agreement has been prepared to formalize terms of collaboration between the City of Waterloo and A.C.O. Construction, L.C., including a 5,000.00 infill incentive per dwelling, aggregating total incentive of 10,000.00, offered to stimulate quality housing development within the target area; and WHEREAS, this development partnership is anticipated to foster city growth, enhance property values, and serve the housing needs of current and future residents effectively. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The Development Agreement with A.C.O. Construction, L.C. is hereby approved to facilitate the construction of two single-family dwellings at specified locations on Charm Drive, furthering the city's residential growth strategy. 2. An infill incentive of 5,000.00 per dwelling, totaling $10,000.00, is authorized, as stipulated within the agreement, to support and incentivize construction in infill areas. 3. The Mayor and City Clerk are authorized and directed to execute the agreement and any supporting documents necessary to enact the provisions of this initiative. 4. The Planning and Zoning Department shall monitor the development progress to ensure compliance with the agreement terms and alignment with community objectives, providing updates to the council as appropriate. 5. This resolution shall take effect upon its passage and approval. PASSED AND ADOPTED this 7th day of October 2024. Resolution 2024-604 Page 2 ATTEST: Kelley Felchle Kelley Felchle, City Clerk 621,1,e,z-Wz 9 r Quentin Hart, Mayor