HomeMy WebLinkAbout2025-236-04.21.2025 (RECORDED) I
Docusign Envelope ID:200462DC-50AD-4A17-AA3C-6D3F50E584FE 2025-09155
RECORDED:06/26/2025 03:34:16 PM
RECORDING FEE:$7.00
REVENUE TAX:$
COMBINED FEE:$7.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319)291-4323.
RESOLUTION NO. 2025-236
A RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH ARCH HOMES, LLC, FOR THE
CONSTRUCTION OF A TWIN HOME, LOCATED NORTH OF
2119 WEST 8TH STREET, WITH A TOTAL OF $10,000.00
INFILL HOUSING GRANT AND PURCHASE PRICE REFUND
OF $5,000.00, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo seeks to encourage urban infill development to
maximize land use efficiency, increase housing options, and enhance community growth; and
WHEREAS, Arch Homes, LLC plans to construct a twin home on city-owned property
located north of 2119 West 8th Street, furthering the goals of urban redevelopment and
community enhancement; and
WHEREAS, the City has agreed to provide a financial incentive to support this
development in the form of a $10,000.00 Infill Housing Grant and a purchase price refund of
$5,000.00; and
WHEREAS, a Development Agreement outlining the terms and conditions of this
partnership has been prepared and reviewed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The City Council hereby approves the Development Agreement with Arch Homes, LLC,
for the purposes of constructing a twin home development on property located north of 2119
West 8th Street.
2. The City Council authorizes a total of$10,000.00 to be allocated as an Infill Housing
Grant and approves a refund of the $5,000.00 purchase price to Arch Homes, LLC upon
satisfactory completion of the development conditions.
3. The Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo.
PASSED AND ADOPTED this 21s` day of April 2025.
p—DocuSigned by:
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Quentin Hart, Mayor
ATTEST:
f—DocuSigned by:
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KelleyIerc hIe, City Clerk
SEAL
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Docusign Envelope ID: 200462DC-50AD-4A17-AA3C-6D3F50E584FE
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-236
A RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH ARCH HOMES, LLC, FOR THE
CONSTRUCTION OF A TWIN HOME, LOCATED NORTH OF
2119 WEST 8TH STREET, WITH A TOTAL OF $10,000.00
INFILL HOUSING GRANT AND PURCHASE PRICE REFUND
OF $5,000.00, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo seeks to encourage urban infill development to
maximize land use efficiency, increase housing options, and enhance community growth; and
WHEREAS, Arch Homes, LLC plans to construct a twin home on city -owned property
located north of 2119 West 8th Street, furthering the goals of urban redevelopment and
community enhancement; and
WHEREAS, the City has agreed to provide a financial incentive to support this
development in the form of a $10,000.00 Infill Housing Grant and a purchase price refund of
$5,000.00; and
WHEREAS, a Development Agreement outlining the terms and conditions of this
partnership has been prepared and reviewed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The City Council hereby approves the Development Agreement with Arch Homes, LLC,
for the purposes of constructing a twin home development on property located north of 2119
West 8th Street.
2. The City Council authorizes a total of $10,000.00 to be allocated as an Infill Housing
Grant and approves a refund of the $5,000.00 purchase price to Arch Homes, LLC upon
satisfactory completion of the development conditions.
3. The Mayor and City Clerk are authorized and directed to execute said documents on
behalf of the City of Waterloo.
PASSED AND ADOPTED this 21st day of April 2025.
ATTEST:
DocuSigned by:
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Kelley telchle, City Clerk
SEAL
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,-DocuSigned by:
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Quentin Hart, Mayor