HomeMy WebLinkAboutCedar River Contracting-Early Access Agrmnt Warp Drive-6.2.2025 Docusign Envelope ID:01103EED-CIAO-4BA5-B038-OC40EB96CC3F
EARLY ACCESS AGREEMENT 6/2/2025
This Early Access Agreement(the"Agreement") is entered into as of June�, 2025,
by and between the City of Waterloo,Iowa("City") and Cedar River Contracting,Inc.,d/b/a K&W
Electric, Inc. (the "Company").
WHEREAS, City and Company are parties to a Development Agreement concerning a
project to be undertaken by Company on certain real property legally described as Lots 1, 2 and 3
or Waterloo Air and Rail Park 4"'Addition, and depicted in attached Exhibit"A" (the "Property"),
located in the East Waterloo Unified Urban Renewal and Redevelopment Plan Area; and
WHEREAS,the Development Agreement has not been formally approved by the City, but
the matter is in the process of being presented to the City Council and/or other officials for formal
approval; and
WHEREAS, the parties desire that Company have access to the Property to begin certain
activities before the Property is conveyed to Company.
NOW, THEREFORE, in consideration of the future transactions contemplated by the
parties as described above, and in consideration of the mutual promises exchanged herein, the
parties agree as follows:
1. City hereby grants to Company the right to enter upon the Property to begin
development activities, including but not limited to survey work, earth moving and construction
of building footings and foundation. The term of this Agreement shall be from the date hereof
until the date that City delivers a deed to Company for the Property pursuant to a development
agreement. Company's right to conduct its activities upon the Property is expressly made subject
to prior receipt of applicable zoning, building, and other regulatory approvals.
2. Company shall, at its own expense, procure and maintain comprehensive public
liability insurance in the amount of not less than $1,000,000 per occurrence. Such insurance shall
cover liability arising from the acts or omissions of Company, its employees, contractors and
agents, and shall protect the City, its officers, officials, employees, and agents, against any and all
claims, damages, costs or expenses (including but not limited to reasonable attorneys' fees and
expenses) arising from or in connection with injury or death to any person or persons, or loss of or
damage to property, by reason of any casualty, accident or other occurrence on or about the
Property during the term of this Agreement. Certificates or copies of said policies, naming the
City as an additional insured, shall be delivered to City before Company, its employees,
contractors, or agents, enter upon the Property for any purpose.
3. Company agrees to be responsible for any liability which may arise out of the acts
or omissions of Company, its employees, agents and contractors, on or about the Property, and in
said connection Company agrees to indemnify and hold harmless City, its officials, officers,
employees and agents, from and against any and all claims, demands, actions, causes of action,
damages, costs, fines,penalties, and liabilities of any type or nature whatsoever, including but not
limited to reasonable attorneys' fees, arising out of said acts or omissions, whether sounding in
law or equity, in tort or contract, by statute, or otherwise. The duties of Company under this
paragraph shall survive the expiration or termination of this Agreement.
Docusign Envelope ID:01103EED-CIAO-4BA5-B038-OC40EB96CC3F
4. If for any reason the contemplated sale and purchase of the Property between the
parties is canceled or otherwise does not occur, then at its sole expense Company shall promptly
remove from the Property all of its personal property and materials or debris that it has deposited
on the Property during the term hereof and restore, as nearly as possible, the condition of the
Property to that which existed upon Company's initial entry upon the Property hereunder, except
as otherwise permitted by express written consent of City.
5. Notwithstanding this Agreement, the parties agree to work cooperatively in good
faith to finalize the terms of a development agreement in respect of the Property as expeditiously
as possible.
6. The rights and duties of Company under this Agreement may not be assigned
without the prior written consent of City. This Agreement is the entire agreement of the parties
concerning the subject matter hereof. It may not be modified or amended without the prior written
consent of the parties. This Agreement is binding on the parties and the respective successors and
assigns of each. This Agreement may be executed in multiple counterparts, each of which,
including signed counterparts transmitted by facsimile or other electronic means, shall be deemed
an original and all of which together shall constitute one instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Early Access Agreement
by their duly authorized representatives as of the date first set forth above.
CITY OF WATERLOO, IOWA CEDAR RIVER CONTRACTING, INC.,
D/B/A K&W ELECTRIC INC.
DocuSigned by:
By: Dt, tin (�9 By:—
Quentin M. Hart, Mayor Print: )a-w n61
Title:
DocuSigned by:
Attest: F44M
efPF§' 1nTe, City Clerk
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Docusign Envelope ID:01103EED-CIAO-4BA5-BO38-OC40EB96CC3F
Exhibit"A"
Legal Description
Lots 1, 2 and 3, Waterloo Air and Rail Park 4"' Addition, Waterloo, Black Hawk County, Iowa
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