HomeMy WebLinkAbout2025-567-10.06.2025.docDocusign Envelope ID: 7EC7OBA3-A5C5-422A-9E93-8A3E31680A25
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-567
RESOLUTION APPROVING A FIRST AMENDMENT TO A
REAL ESTATE PURCHASE AGREEMENT WITH JOHN. R.
WOLFE AND MARGARET A. WOLFE, AMENDING THE
TIMELINE ON THE PURCHASE OF TRACT 2 PROPERTY,
AND AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo previously entered into a Real Estate Purchase
Agreement with John R. Wolfe and Margaret A. Wolfe for the acquisition of Tract 2 property;
and
WHEREAS, circumstances necessitate an amendment to the timeline specified in the
original agreement to facilitate a smooth transaction process; and
WHEREAS, both parties have agreed to the revised timeline as outlined in the First
Amendment to the Real Estate Purchase Agreement; and
WHEREAS, it is essential for the City Council to approve this amendment to ensure the
acquisition proceeds in alignment with municipal plans and obligations.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The First Amendment to the Real Estate Purchase Agreement with John R. Wolfe and
Margaret A. Wolfe, amending the timeline for the purchase of Tract 2 property, is hereby
approved.
2. 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 October 2025.
DocuSigned by:
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ITe ley i eidnie 4Lity Clerk
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Quentin Hart, Mayor