HomeMy WebLinkAbout2025-707-12.01.2025.doc (RECORDED)Docusign Envelope ID: 2A40818A-4C04-4B05-8CFC-A57BAE9A7CF0
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-707
RESOLUTION APPROVING AN AMENDMENT TO THE
DEVELOPMENT AGREEMENT AND MINIMUM
ASSESSMENT AGREEMENT IN THE AMOUNT OF
$4,050,000.00 WITH BALTIMORE FIELDS, LLC, FOR A NEW
RESIDENTIAL SUBDIVISION LOCATED BETWEEN
HAWTHORNE AVENUE AND EUREKA STREET, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
WHEREAS, Baltimore Fields, LLC, plans to develop a new residential subdivision
located between Hawthorne Avenue and Eureka Street; and
WHEREAS, an Amendment to the Development Agreement and a Minimum Assessment
Agreement in the amount of $4,050,000.00 is required to proceed with the development; and
WHEREAS, the proposed amendments will support the growth and enhancement of the
local community.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa:
1. The Amendment to the Development Agreement and the Minimum Assessment
Agreement with Baltimore Fields, LLC, are hereby approved in the amount of $4,050,000.00.
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 1st day of December 2025.
DocuSigned by:
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Quentin Hart, Mayor
ATTEST:
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Kel�.tert�i le,
ey r e cnle, ity Clerk
SEAL