HomeMy WebLinkAbout2026-036-02.02.2026.docDocusign Envelope ID: 5274EFEF-4D39-4E67-B678-585CC381AF5D
ATTEST:
Signed by:
ketLey, Feld&&
Fu u 4
Kelle6y Felc i`leAB, City Clerk
SEAL
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-036
RESOLUTION APPROVING A MUTUAL TERMINATION
AND RESCISSION OF DEVELOPMENT AGREEMENT IN
RELATION TO THE DEVELOPMENT AGREEMENT DATED
JUNE 3, 2024, WITH J&R REAL ESTATE HOLDINGS, LLC,
AND AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa and J&R Real Estate Holdings, entered into a
Development Agreement dated June 3, 2024; and
WHEREAS, the City and the Developer desire to mutually terminate and rescind the
Development Agreement pursuant to a Mutual Termination and Rescission of Development
Agreement; and
WHEREAS, the City Council finds it to be in the best interests of the City to approve the
Termination Agreement and authorize execution of the same.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The City Council hereby approves termination of the Development Agreement with J
& R Real Estate Holding, LLC.
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 2nd day of February 2026. Signed by:
56t\A-i ba,SuA,
393 97B3D1
Davi oese342n, Mayor