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HomeMy WebLinkAbout2025-563- (RECORDED)10.06.2025.doc Docusign Envelope ID:7EC7OBA3-A5C5-422A-9E93-8A3E31680A25 2025-15675 RECORDED:10/24/2025 11:02:00 AM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA rcA t O Prepaea� W by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-563 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY FOR THE CONSTRUCTION OF A NEW SINGLE- FAMILY HOME LOCATED AT THE SOUTHWEST CORNER OF RANDALL STREET AND NORIMER STREET, IN THE CHURCH ROW NEIGHBORHOOD, INCLUDING AN INFILL HOUSING GRANT OF $7,500.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS the City of Waterloo seeks to promote residential development and neighborhood revitalization through strategic partnerships; and WHEREAS, Iowa Heartland Habitat for Humanity intends to construct a new single- family home at the southwest corner of Randall Street and Norimer Street in the Church Row Neighborhood, enhancing the area's housing availability and aesthetic appeal; and WHEREAS, the City acknowledges the importance of supporting such initiatives and proposes an infill housing grant of$7,500.00 to assist with construction costs; and WHEREAS, a Development Agreement has been prepared to outline the responsibilities and commitments of both parties to ensure successful project completion. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The Development Agreement with Iowa Heartland Habitat for Humanity for the construction of a new single-family home, including an infill housing grant of$7,500.00, is hereby approved. 2. The infill housing grant of$7,500.00 shall be disbursed from funds designated for neighborhood development and revitalization projects. 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 6`i' day of October 2025. —DocuSigned by: N-Wl ' —D05Z5DZAn Cb44,9.. � TOY: Quentin Hart, Mayor Kelley. Frieda Def t y° `e`all 4ity Clerk SEAL .t, C4 W T,4 a ,loan I •`ntI . > ♦ Y Docusign 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. 2025-563 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY FOR THE CONSTRUCTION OF A NEW SINGLE- FAMILY HOME LOCATED AT THE SOUTHWEST CORNER OF RANDALL STREET AND NORIMER STREET, IN THE CHURCH ROW NEIGHBORHOOD, INCLUDING AN INFILL HOUSING GRANT OF $7,500.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS the City of Waterloo seeks to promote residential development and neighborhood revitalization through strategic partnerships; and WHEREAS, Iowa Heartland Habitat for Humanity intends to construct a new single- family home at the southwest corner of Randall Street and Norimer Street in the Church Row Neighborhood, enhancing the area's housing availability and aesthetic appeal; and WHEREAS, the City acknowledges the importance of supporting such initiatives and proposes an infill housing grant of $7,500.00 to assist with construction costs; and WHEREAS, a Development Agreement has been prepared to outline the responsibilities and commitments of both parties to ensure successful project completion. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The Development Agreement with Iowa Heartland Habitat for Humanity for the construction of a new single-family home, including an infill housing grant of $7,500.00, is hereby approved. 2. The infill housing grant of $7,500.00 shall be disbursed from funds designated for neighborhood development and revitalization projects. 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 6th day of October 2025. EDocuSigned by: Dos?3o78AAe�449... :thig(Py: QuntinHart, Mayor A FddLt ey ch` e, ,ity Clerk SEAL