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HomeMy WebLinkAbout2025-590-10.20.2025.doc (RECORDED) Docusign Envelope ID:FC6FFF10-57C3-46D1-9826-EFDC21F34FOF 2025-17490 RECORDED:11/26/2025 12:40:00 PM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA (;-4f_ �' t,1)C160 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-590 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY FOR THE CONSTRUCTION OF TWO SINGLE- FAMILY HOMES OR A DUPLEX ON OAKLAWN AVENUE IN THE CHURCH ROW NEIGHBORHOOD INCLUDING A DEMOLITION AGREEMENT, AN ACQUISITION GRANT OF $28,750.00, AND INFILL HOUSING GRANT OF $15,000.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS, the City of Waterloo seeks to enhance community development and housing opportunities within the Church Row Neighborhood; and WHEREAS, Iowa Heartland Habitat for Humanity proposes the construction of either two single-family homes or a duplex on Oaklawn Avenue, thereby contributing to neighborhood revitalization; and WHEREAS, a Development Agreement has been prepared, outlining the terms and conditions for the preparation of new sites for construction of two single-family homes, an Acquisition Grant of$28,750.00 to support property procurement and an Infill Housing Grant of $15,000.00 to offset construction costs; and; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The City Council hereby approves the Development Agreement with Iowa Heartland Habitat for Humanity as outlined. 2. An Acquisition Grant of $28,750.00 and an Infill Housing Grant of $15,000.00 are hereby approved to aid in development efforts. 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 20`1' day of October 2025. —DocuSigned by: l r t rn it& tk-avf ATTEST: sZ7ue°niin f aiMayor (—Signed by: Uhl file,llt K f l `I etra4,"tity Clerk SEAL WAr • Itill■iitiuijuuiill • I. `* O 3 Docusign Envelope ID: FC6FFF10-57C3-46D1-9826-EFDC21F34FOF ATTEST: (—Signed by: Kelley feteitt Keltey felt fe, ity Clerk SEAL 41. • Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-590 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY FOR THE CONSTRUCTION OF TWO SINGLE- FAMILY HOMES OR A DUPLEX ON OAKLAWN AVENUE IN THE CHURCH ROW NEIGHBORHOOD INCLUDING A DEMOLITION AGREEMENT, AN ACQUISITION GRANT OF $28,750.00, AND INFILL HOUSING GRANT OF $15,000.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS, the City of Waterloo seeks to enhance community development and housing opportunities within the Church Row Neighborhood; and WHEREAS, Iowa Heartland Habitat for Humanity proposes the construction of either two single-family homes or a duplex on Oaklawn Avenue, thereby contributing to neighborhood revitalization; and WHEREAS, a Development Agreement has been prepared, outlining the terms and conditions for the preparation of new sites for construction of two single-family homes, an Acquisition Grant of $28,750.00 to support property procurement and an Infill Housing Grant of $15,000.00 to offset construction costs; and; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The City Council hereby approves the Development Agreement with Iowa Heartland Habitat for Humanity as outlined. 2. An Acquisition Grant of $28,750.00 and an Infill Housing Grant of $15,000.00 are hereby approved to aid in development efforts. 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 20th day of October 2025. r—DocuSigned by: uentinitarayor