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Home My WebLink About2025-716-12.15.2025.doc (RECORDED) Docusign Envetc;pe ID: E34EFEFE-BC09-410C-B60C-8BE932E5F543 2025-18922 RECORDED: 12/29/2025 10:01:15 AM RECORDING FEE: $12.00 REVENUE TAX: $ COMBINED FEE: $12.00 SANDIE L. SMITH, RECORDER BLACK HAWK COUNTY, IOWA t/i-tWit e Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-716 RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF 217-221 W. 5TH STREET TO THE BATTERY BUILDING, LLC, IN THE AMOUNT OF $1 .00, FOR THE APPROXIMATE $6.63 MILLION REHABILITATION OF AN APPROXIMATELY 16,700 SQUARE-FOOT THREE- STORY BUILDING, INTO RESIDENTIAL AND COMMERCIAL SPACE, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS the City of Waterloo owns the property located at 217-221 W. 5th Street; and WHEREAS, The Battery Building, LLC proposes to purchase and rehabilitate the approximately 16,700 square-foot, three-story building for a nominal fee of$1.00; and WHEREAS, the proposed rehabilitation, valued at approximately $6.63 million, will transform the building into residential and commercial spaces, promoting economic development and urban revitalization; and WHEREAS, the City Council finds this development proposal to be in the best interest of the community and supports the economic growth and redevelopment of the downtown area. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1 . The sale and conveyance of the property located at 217-221 W. 5th Street to The Battery Building, LLC, for $1.00, is hereby authorized, contingent upon the execution of a $6.63 million rehabilitation project. 2. The sale is conditioned upon The Battery Building, LLC's commitment to fulfill the redevelopment as outlined in the proposal, focusing on creating mixed-use residential and commercial space. 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 15th day of December 2025. DocuSigned by: ac u f uk, (kart DOS23D78AAC8449... Quentin Hart, Mayor ATTEST: Signed by: k�u F FFOOBCOFFBCG4AB... Kelley Felchle, City Clerk SEAL 5 WA . L31 1061111'14 741 0 f II 1!p III 1 III i` • V et.. Y THE COURIER AFFIDAVIT OF PUBLICATION NOTICE OF PUBLIC HEARING Waterloo-Cedar Falls Courier Tt�.� '�'��HOf��1 IT MAY CONCERN: Notice is hereby given that on the 6915 Chancellor Drive 15th day of December 2025, at 5:30 Cedar Falls 50613 p.m.. in the Harold E. Getty Council (319) 291-1440 Chambers in the City Hall in the City of Waterloo, Iowa, a public hearing will be held by the Council of the City of State of Florida, Countyof Or ange ss: Whit , to authorizethe j , Waterloo,�rlco, Iowa, �, rthori�.,.. sale and conveyance of 21 i-221 W. 5th Street to The Battery Building. LLC Ankit S cfdeva, being first duly sworn, deposes and says: That in the amount of $1 .00, for the ap- (s)he is a duly authorized signatory of Column Software, PBC, duly ' proximate 56.63 million rehabilitation authorized agent of Waterloo-Cedar Falls Courier, a publication that I of an approximately 16,700 square ' ! foot three-stow building into residen- is a "legal newspaper as that phrase is defined for the city of Cedar 1 tial and commercial space. including Falls, for the County of Black Hawk, in the state of Iowa, that this approval of a Development and Mini- affidavit is Pace I of I with the full text of the sworn-to notice set mum Assessment Agreement,. legally dforth on the pages that follow, and that the attachment hereto Theecrib as follows: _. Northeasterly 60 feet of Lots �,� contains the correct copyof what waspublished in said legal and 7 and the Northeasterly 60 feet g newspaper in consecutive issues on the following dates: of the Northwwsterly 40 feet of Lot B, Block g. Original Plat on the West Side of the Cedar River, in the City of PUBLICATION DATES: 'Waterloo,o, Black Hawk County, Iowa. Parcel No. 6913-26-278-01 Dec. 6 2025appear � Anyone who is interested ink at said time and place and be heard d NOTICE ID: mr\d yGR3esMULxEcit mGng or may file written objection with the PUBLISHER ID: COL-IA-603214 City Clerk, City Hall, 4it aterlo , Iowa, NOTICE NAME: SCE{ DAA The Battery Building (PH 12.15) before the date set for said herring. Publication Fee: $25.16 By order of the Council of the City of Waterloo this 1st day of December /� 2025.. /�i k,f cac ,deva ; �_. l�elleyt� Felchle. City Clerk , ; -�,�_ ----- City of Waterloo. Iowa. �� 1111►l►rii/ X')L-I. t-60 214 - 'pU.Gib JESSICA GORDON-THOMPSON fro. �•\% Notary Public - State of F'orida IFICATIO =N . Willa;` Commission # HH301651 VERi�,•`� �' o�\�� Expires on August 17.2026 State of Florida County of Orange Subscribed in my presence and sworn to before me on this: 12/O8/2925 3 3 Notary Public Notarized remotely online using communication technology via Proof. SCw DAA The Battery Building ( PH 12 . 15) - Page 1 of Docusign Envelope ID: E34EFEFE-BC09-410C-B60C-8BE932E5F543 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-716 RESOLUTION AUTHORIZING THE SALE AND CONVEYANCE OF 217-221 W. 5TH STREET TO THE BATTERY BUILDING, LLC, IN THE AMOUNT OF $1.00, FOR THE APPROXIMATE $6.63 MILLION REHABILITATION OF AN APPROXIMATELY 16,700 SQUARE -FOOT THREE- STORY BUILDING, INTO RESIDENTIAL AND COMMERCIAL SPACE, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENTS. WHEREAS the City of Waterloo owns the property located at 217-221 W. 5th Street; and WHEREAS, The Battery Building, LLC proposes to purchase and rehabilitate the approximately 16,700 square -foot, three-story building for a nominal fee of $1.00; and WHEREAS, the proposed rehabilitation, valued at approximately $6.63 million, will transform the building into residential and commercial spaces, promoting economic development and urban revitalization; and WHEREAS, the City Council finds this development proposal to be in the best interest of the community and supports the economic growth and redevelopment of the downtown area. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The sale and conveyance of the property located at 217-221 W. 5th Street to The Battery Building, LLC, for $1.00, is hereby authorized, contingent upon the execution of a $6.63 million rehabilitation project. 2. The sale is conditioned upon The Battery Building, LLC's commitment to fulfill the redevelopment as outlined in the proposal, focusing on creating mixed -use residential and commercial space. 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 15th day of December 2025. DocuSigned by: Latt&filik, tkaYt D0525078AAC8449... Quentin Hart, Mayor ATTEST: Signed by: Ktittyf ticat C04A6... Kelley Felchle, City Clerk