HomeMy WebLinkAbout2025-387-07.07.2025.docDocusign Envelope ID: C428A5A3-FA27-4082-BF54-F21CC8397570
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-387
RESOLUTION CONFIRMING APPROVAL OF PLANS,
SPECIFICATIONS, FORM OF CONTRACT, ETC., AND
AUTHORIZING TO PROCEED, IN CONJUNCTION WITH
THE DEMOLITION AND SITE CLEARANCE SERVICES,
CONTRACT NO. D-2025-06-03P.
WHEREAS Dhani RE Investments, LLC has proposed a project for the rehabilitation of
the property located at 512 N. Barclay Street, aiming to enhance residential infrastructure and
contribute positively to the community fabric of Waterloo; and
WHEREAS, the City of Waterloo supports infill housing development as a means to
optimize land use, improve neighborhood vitality, and promote urban regeneration; and
WHEREAS, as part of this Development Agreement, the City agrees to provide Dhani
RE Investments, LLC with a grant of $5,000.00 towards a partial purchase price refund and an
additional grant of $5,000.00 directed towards the costs associated with the infill housing
development to incentivize and support these activities.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Development Agreement with Dhani RE Investments, LLC for the rehabilitation
of 512 N. Barclay Street, including the specified grants, is hereby approved.
2. A grant of $5,000.00 for partial purchase price refund and a grant of $5,000.00 for
infill housing development are authorized as per the terms outlined in the Development
Agreement.
3. 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 7th day of July 2025.
ATTEST:
DocuSigned by:
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Kelley Felchle, City Clerk
Docu Signed by:
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Quentin Hart, Mayor