HomeMy WebLinkAbout2025-731-12.15.2025.doc (RECORDED) Docusign Envelope ID: E34EFEFE-BC09-410C-B60C-8BE932E5F543
2025-18920
RECORDED: 12/29/2025 10:01:13 AM
RECORDING FEE: $7.00
REVENUE TAX: $
COMBINED FEE: $7.00
SANDIE L. SMITH, RECORDER
BLACK HAWK COUNTY, IOWA
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Pre aid byLeAnn M. Even, De
puty City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291 -4323.
RESOLUTION NO. 2025-731
RESOLUTION APPROVING AN AMENDMENT TO A
DEVELOPMENT AGREEMENT ORIGINALLY APPROVED
NOVEMBER 20, 2023, WITH MARTIN FLATS, LLC, FOR THE
REHABILITATION OF 319 E. 4TH STREET INTO
COMMERCIAL AND RESIDENTIAL SPACE, CHANGING
THE COMPLETION DATE TO MARCH 6, 2026, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa, previously approved a Development Agreement
on November 20, 2023, with Martin Flats, LLC, for the rehabilitation of 319 E. 4th Street into
commercial and residential space; and
WHEREAS, due to unforeseen circumstances, an amendment is required to extend the
completion date of the project to March 6, 2026; and
WHEREAS, the City Council has reviewed the proposed amendment and finds it in
alignment with city goals for urban development and revitalization.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1 . The amendment to the Development Agreement with The Martin Flats, LLC, changing
the project completion date to March 6, 2026, 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 15th day of December 2025.
-DocuSigned by:
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Quentin Hart, Mayor
ATTEST:
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Kelley Felchle, City Clerk
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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. 2025-731
RESOLUTION APPROVING AN AMENDMENT TO A
DEVELOPMENT AGREEMENT ORIGINALLY APPROVED
NOVEMBER 20, 2023, WITH MARTIN FLATS, LLC, FOR THE
REHABILITATION OF 319 E. 4TH STREET INTO
COMMERCIAL AND RESIDENTIAL SPACE, CHANGING
THE COMPLETION DATE TO MARCH 6, 2026, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa, previously approved a Development Agreement
on November 20, 2023, with Martin Flats, LLC, for the rehabilitation of 319 E. 4th Street into
commercial and residential space; and
WHEREAS, due to unforeseen circumstances, an amendment is required to extend the
completion date of the project to March 6, 2026; and
WHEREAS, the City Council has reviewed the proposed amendment and finds it in
alignment with city goals for urban development and revitalization.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The amendment to the Development Agreement with The Martin Flats, LLC, changing
the project completion date to March 6, 2026, 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 15th day of December 2025.
ATTEST:
Signed by:
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Ke ey Fe c le, City Clerk
,-DocuSigned by:
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Quentin Hart, Mayor