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HomeMy WebLinkAbout2024-630-10.21.2024 (RECORDED) 2024-23946 RECORDED:11/26/2024 01:47:19 PM RECORDING FEE:$12.00 REVENUE TAX:$ COMBINED FEE:$12.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA , j ,_ I" If Prepared by LeAnn) M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-630 A RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY FOR CONSTRUCTING THREE SINGLE- FAMILY HOMES, WITH A TOTAL OF $15,000.00 INFILL HOUSING GRANT OF $5,000.00 PER HOME, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo acknowledges the importance of expanding affordable housing options and supports initiatives that utilize infill properties for community development; and WHEREAS, Iowa Heartland Habitat for Humanity plans to construct three single-family homes, undertaking valuable work that provides affordable housing solutions for families in need; and WHEREAS, the City proposes an Infill Housing Grant totaling $15,000.00 to be distributed as $5,000.00 per home, in support of these construction projects and to encourage neighborhood revitalization. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The Development Agreement with Iowa Heartland Habitat for Humanity is approved, facilitating the construction of three single-family homes and supporting the city's goal of increasing affordable housing. 2. The City Council authorizes the allocation of the $15,000.00 Infill Housing Grant to be used specifically as $5,000.00 for each single-family home under construction as part of this Agreement. 3. The Planning Department will coordinate with Habitat for Humanity to oversee the appropriate application of grant funds and ensure compliance with the terms stated in the Development Agreement. 5. The Mayor and City Clerk are authorized and directed to execute the necessary Development Agreement and related documents on behalf of the City of Waterloo, ensuring project initiation. 6. This resolution shall take effect upon its passage and approval. PASSED AND ADOPTED this 21st day of October 2024. QaeftWl 91i �IGITALLV ;SIGNED Quentin Hart, Mayor ATTEST: 1')" Resolution 2024-630 Page 2 DIGI&� SIGNNED Gf2 ED S LeAnn M. Even, Deputy City Clerk CERTIFICATE I, LeAnn M. Even Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is a true and complete copy of Resolution No. 2024-630 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 21' day of October 2024. Witness my hand and seal of office this 21 S`day of October 2024. DIGITALLY 'Yv 4 &VertSIGNED. LeAnn M. Even, Deputy City Clerk SEAL 8 WAr '' 4V V Fafro/•P{I!I>IArMff11a 0 • -mom u inniipiu, • i 0 3 /V,7 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-630 A RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY FOR CONSTRUCTING THREE SINGLE- FAMILY HOMES, WITH A TOTAL OF $15,000.00 INFILL HOUSING GRANT OF $5,000.00 PER HOME, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo acknowledges the importance of expanding affordable housing options and supports initiatives that utilize infill properties for community development; and WHEREAS, Iowa Heartland Habitat for Humanity plans to construct three single-family homes, undertaking valuable work that provides affordable housing solutions for families in need; and WHEREAS, the City proposes an Infill Housing Grant totaling $15,000.00 to be distributed as $5,000.00 per home, in support of these construction projects and to encourage neighborhood revitalization. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The Development Agreement with Iowa Heartland Habitat for Humanity is approved, facilitating the construction of three single-family homes and supporting the city's goal of increasing affordable housing. 2. The City Council authorizes the allocation of the $15,000.00 Infill Housing Grant to be used specifically as $5,000.00 for each single-family home under construction as part of this Agreement. 3. The Planning Department will coordinate with Habitat for Humanity to oversee the appropriate application of grant funds and ensure compliance with the terms stated in the Development Agreement. 5. The Mayor and City Clerk are authorized and directed to execute the necessary Development Agreement and related documents on behalf of the City of Waterloo, ensuring project initiation. 6. This resolution shall take effect upon its passage and approval. PASSED AND ADOPTED this 21st day of October 2024. Qaeftlul 9-(arE Quentin Hart, Mayor ATTEST: Resolution 2024-630 Page 2 -, ,91,n,Ni 'Ve12 LeAnn M. Even, Deputy City Clerk CERTIFICATE I, LeAnn M. Even Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is a true and complete copy of Resolution No. 2024-630 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 21 st day of October 2024. Witness my hand and seal of office this 21 st day of October 2024. .,6,,zin,n, &Ven LeAnn M. Even, Deputy City Clerk SEAL