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HomeMy WebLinkAboutDebra Kay Hodges Harmon - 2nd Amendment to DA - 11.3.2025 Prepared by Austin J., McMahon, 222 1st St. E., Independence, IA 50644 319-334-4488 SECOND AMENDMENT TO DEVELOPMENT AGREEMENT This Second Amendment to Development Agreement (the "Second Amendment") is entered into as of embe( 3 , 2025 by and between the City of Waterloo, Iowa ("City") and Debra Kay Hodges Harmon ("Developer"). RECITALS A. WHEREAS, Developer and City are parties to that certain Development Agreement dated as December 7, 2020, amended August 1, 2022 (collectively, the "D.A.") concerning the rehabilitation of property at 1644 Logan Avenue, as further described in the Agreement. B. WHEREAS, the parties desire to enter into this Second Amendment to the Agreement to amend or modify the D.A. as specifically set forth below. NOW, THEREFORE, in consideration of the premises and of other consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree to amend the D.A. as follows: 1. The deadline to complete the Improvements shall be December 31, 2025. 2. Any obligation imposed on Developer to construct or erect a fence on the Property is hereby deleted and removed. The Developer shall not have an obligation to construct or erect a fence on the Property. 3. Except as amended herein, the D.A. shall continue unmodified in full force and effect. Terms capitalized in this Amendment but not defined herein shall have the meaning ascribed to them in the D.A.. This Second Amendment is binding on the parties and the respective successors, assigns, transferees and legal representatives of each. This Second Amendment may be executed in counterparts, each of which shall be deemed an original and all of which, when taken together, shall constitute a single instrument. IN WITNESS WHEREOF, the parties have executed this Second Amendment to Development Agreement and as of the date first set forth above. Page 1 of 2 ,41L. /4/piWe CITY OF WATERLOO, IOWA Debra Kay,,ll9odges Harmon By: L J_k)...Q>11V1 , 14Z, Quentin M. Hart, Mayor By: 1 Abc Kelley Fe hle, City Clerk STATE OF IOWA ) ) ss. BLACK HAWK COUNTY ) Acknowledged before me on/ kVP� I' (o , 202 5 by Quentin M. Hart and Kelley Felchle, as Mayor and City Clerk, respectively, of the City of Waterloo, Iowa. (L1 BRITNI C PERKINS r COMMISSION NO.845529 * MY COMMISSION EXPIRES A JANUARY 27,2026 STATE OF IOWA ) ) ss. BLACK HAWK COUNTY ) Acknowledged before me ort('rc,P - A , 2025 e 7ay Hodges Harmon. c or""'`+ TIM ANDERA Notary P lic COMMISSION NO.772518 *irmrrn* MY COMMISSION EXPIRES ebno. APRIL 11,2027 Page 2 of 2 1 i f Sfdy ti.:'IA.\'.'viA'. f fir t,s ,,. 1 3 J �A. 1 I '