HomeMy WebLinkAbout2025-018-01.06.2025 (RECORDED) 2025-02367
RECORDED: 02/20/2025 02:44:34 PM
RECORDING FEE: $7.00
REVENUE TAX: $
COMBINED FEE: $7.00
SANDIE L. SMITH, RECORDER
BLACK HAWK COUNTY, IOWA
4. Prepared Nancy Higby, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291 -4323.
RESOLUTION NO. 2025-018
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH ROCK STAR REAL ESTATE, LLC IN
CONJUNCTION WITH THE REHABILITATION OF 1027 W.
3RD STREET AND 128 LINCOLN STREET, INCLUDING A
GRANT OF $ 10,000.00 FOR PARTIAL PURCHASE PRICE
REFUND AND A GRANT OF $ 10,000.00 FOR INFILL
HOUSING INCENTIVE, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1 . That the Development Agreement dated January 6, 2025, between Rock Star Real
Estate, LLC and the City of Waterloo, Iowa, including a grant of $ 10,000.00 for partial purchase
price refund and a grant of $ 10,000.00 for infill housing incentive, is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 6th day of January 2025.
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ATTEST: Quentin Hart, Mayor
Kelley IFelchle SIGN
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Felchle, City Clerk
CERTIFICATE
I, Kelley Felchle, Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2025-018 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of January 2025 .
Witness my hand and seal of office this 6th day of January 2025.
Kelley Felchle S1 ;:t
Kelley Felchle, City Clerk
SEAL
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Prepared Nancy Higby, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2025-018
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH ROCK STAR REAL ESTATE, LLC IN
CONJUNCTION WITH THE REHABILITATION OF 1027 W.
3RD STREET AND 128 LINCOLN STREET, INCLUDING A
GRANT OF $10,000.00 FOR PARTIAL PURCHASE PRICE
REFUND AND A GRANT OF $10,000.00 FOR INFILL
HOUSING INCENTIVE, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA
AS FOLLOWS:
1. That the Development Agreement dated January 6, 2025, between Rock Star Real
Estate, LLC and the City of Waterloo, Iowa, including a grant of $10,000.00 for partial purchase
price refund and a grant of $10,000.00 for infill housing incentive, is hereby approved.
2. That the Mayor and City Clerk are authorized and directed to execute said documents
on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 6th day of January 2025.
ATTEST:
7(e(Cey Felchle
DIOIrnur
SIGNED
Kelley Felchle, City Clerk
CERTIFICATE
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Quentin Hart, Mayor
I, Kelley Felchle, Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution No. 2025-018 as passed and adopted by the
City Council of the City of Waterloo, Iowa, on the 6th day of January 2025.
SEAL
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Witness my hand and seal of office this 6th day of January 2025.
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Kelley Felchle
Kelley Felchle, City Clerk
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