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Home My WebLink About2025-640-11.03.2025.doc (RECORDED) Docusign Envelope ID: 1 AAO1DEC-56A7-41 BA-8480-C42A884085C3 2026-04601 RECORDED: 04/06/2026 02:54:02 PM RECORDING FEE: $7.00 REVENUE TAX: $ COMBINED FEE: $7.00 SANDIE L. SMITH, RECORDER BLACK HAWK COUNTY, IOWA ')(Prepared by LeAnn M. Even, Deputy CityClerk, Cityof Waterloo, 715 MulberryStreet, p Y Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-640 RESOLUTION APPROVING A THIRD AMENDMENT TO THE DEVELOPMENT AND MINIMUM ASSESSMENT AGREEMENT WITH 1515 SYCAMORE, LLC, ORIGINALLY EXECUTED APRIL 15, 2024, FOR THE REHABILITATION OF 1515 SYCAMORE STREET, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS the City of Waterloo, Iowa and 1515 Sycamore, LLC entered into a Development Agreement dated April 15, 2024, for the rehabilitation of the property located at 1515 Sycamore Street, and WHEREAS, the Agreement was subsequently amended May 22, 2024, and December 2, 2024, and the parties now desire to further amend certain terms of the Agreement; and WHEREAS, the Developer has requested the Infill Housing Incentive to be paid to Historic Equity Midwest, Inc. (HEI) and an amendment to Section 6 as to who will hold mortgages on the property, which was provided by the developer and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1 . The Third Amendment to the Development Agreement with 1515 Sycamore, LLC, to allow the Infill Housing Incentive to be paid to Historic Equity Midwest, Inc. (HEI) and an amendment to Section 6 as to who will hold mortgages on the 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 3rd day of November 2025. r—DocuSigned by: 64LIAlitn, tkart- \---D0,/25D78AAC8449. . ATTEST: Quentin Hart, Mayor " Signed by: FLU& Kelley Feich`Ie,City Clerk SEAL c ," 0 • 0 2026-04600 RECORDED:04/06/2026 02:54:01 PM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA :4-1 of 0a4-e r l oo THE COURIER AFFIDAVIT OF PUBLICATION NOTICE OF PUBLIC HEARING TO WHOM IT MAY CONCERN: Notice Is hereby given that on the 181h Waterloo-Cedar Falls Courier day of August 2025.at 510 pm..in the Harold E.Getty Council Chambers 6915 Chancellor Drive in the City Hall in the City of Waterloo. Iowa.a public:hearing wil be held by Cedar Falls 50613 me council of the City of Waterloo. 319`291 1400 Iowa, for the sale and conveyance / of approximately 0.20 acres of city- owned property located northeast of 326 West 14th Street.in the amount of$1.00,to 5 Bees.LLC.including a State of Florida, County of Orange, ss: Development and Minimum Assess. must Agreement,for the construction of a 2.560 square loot commercial building.with an approximate vane of Edmar Corachia, being first duly sworn, deposes and says: That S178,000.00 and options for additlon- (s)he is a duly authorized signatory of Column Software, PBC, duly al lard legally desc bed as tops Land being conveyed for new building: authorized agent of Waterloo-Cedar Falls Courier, a publication that is a"legal newspaper"as that phrase is defined for the city of Cedar The Northeasterly One-hall of Lots 9 and 10 and the Northeasterly 2 feet of Falls, for the County of Black Hawk, in the state of Iowa, that this the Southwesterly One-halt of Lot in Block 56 in Anthony Baker's Addition affidavit is Page 1 of 1 with the full text of the sworn-to notice set to the City or Waterloo.In Black Hawk County.Iowa. forth on the pages that follow, and that the attachment hereto contains the correct copy of what was published in said legal al13-2537n7006jssessor Parcel No: newspaper in consecutive issues on the following dates: Option One Property PUBLICATION DATES: The Souhwesterly 35 feet of Lots Nos.9 and 10 in Block No.56 In Aug. n- , 2025 thony Bakers Addition to the City or g Waterloo,Black Hawk County.Iowa NOTICE ID: Rx6AllxfhulceeT13F1A (Also known as Assessor Parcel No: Parcel No.8913-25-377.008) PUBLISHER ID: COL-IA-602652 NOTICE NAME: SC w/DA_MAA(5 Bees) NE 326 W 14th (PH 8.18) Option Two Property Publication Fee:$53.62 �dw►gr GorGiolliA The Southeasterly sterly onha of Lots nos.Ninee e- t9i and Ten i 10).except the Soutlrwestedy Thirty-Five (35) feet thereof and except the Northeasterly (Signed) wlaalir Two(2i feet of the southwesterly one- itti4!� JESSICA GORDON-THOMPSON half of said lot No.Nine i9 in Block oe yee t Notary Public-State of Florida No Fifty-Slx(56)In Anthony Baker's ' = Addition to the Village of Waterloo.in min Il _ Commission a NN]e,aoo Black Hawk Canty.Iowa.Commonly VERIFICATION �in° Expires on August fr,row known as:326 W.14 th Street (Also known as Assessor Parcel No: State of Florida 8913-25-377-007). County of Orange Anyone wits Is Interested may appear at said time and place and be heard or may file written objection with the City Clerk,City Hall.Waterloo.Iowa Subscribed in my presence and sworn to before me on this: 08/12/202 a before the date set for said hearing. Woedor gist It ist4t hC dn cof A gtu C2y2 5 Kelley Felchle.City Clerk Cityof Waterloo.Iowa COOL-Ierlog Notary Public Notarized remotely online using communication technology via Proof. SC w/DA MAA (5 Bees) NE 326 W 14th (PH 8.181 - PPoc 1 of 1 Docusign Envelope ID: 1AAO1DEC-56A7-41BA-8480-C42A884085C3 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-640 RESOLUTION APPROVING A THIRD AMENDMENT TO THE DEVELOPMENT AND MINIMUM ASSESSMENT AGREEMENT WITH 1515 SYCAMORE, LLC, ORIGINALLY EXECUTED APRIL 15, 2024, FOR THE REHABILITATION OF 1515 SYCAMORE STREET, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS the City of Waterloo, Iowa and 1515 Sycamore, LLC entered into a Development Agreement dated April 15, 2024, for the rehabilitation of the property located at 1515 Sycamore Street, and WHEREAS, the Agreement was subsequently amended May 22, 2024, and December 2, 2024, and the parties now desire to further amend certain terms of the Agreement; and WHEREAS, the Developer has requested the Infill Housing Incentive to be paid to Historic Equity Midwest, Inc. (HEI) and an amendment to Section 6 as to who will hold mortgages on the property, which was provided by the developer and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The Third Amendment to the Development Agreement with 1515 Sycamore, LLC, to allow the Infill Housing Incentive to be paid to Historic Equity Midwest, Inc. (HEI) and an amendment to Section 6 as to who will hold mortgages on the 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 3rd day of November 2025. DocuSigned by: ATTEST: ,—Signed by: Will f Kelfey telicii`le, Lity Clerk SEAL DO 2JD78,�AAC844 L.. Quentin Hart, Mayor