HomeMy WebLinkAboutCrossroads Realty, LLC - (RECORDED)1st Amendmnet to DA_MAA - 2.16.2026 2026-02450
RECORDED:02/26/2026 11:29:40 AM
RECORDING FEE:$12.00
REVENUE TAX:$
COMBINED FEE:$12.00
SANDIE L.SMITH, RECORDER
BLACK HAWK COUNTY,IOWA
I L:1 LLC trb
Prepared by Lexi Schneider, 715 Mulberry Street,Waterloo. IA 50703 319-291-4366
FIRST AMENDMENT TO DEVELOPMENT AGREEMENT
AND FIRST AMENDMENT TO MNIMUM ASSESSMENT AGREEMENT
This First Amendment to Development Agreement and Minimum Assessment Agreement
(the "Amendment") is entered into as of ( , 2026, by and between
Crossroads Realty, LLC (the "Company") and the City'of Waterloo, Iowa (the "City").
RECITALS
A. Company and City are parties to that certain Development Agreement ("DA") and
Minimum Assessment Agreement ("MAA") dated January 5, 2026, and recorded with the Black
Hawk County Recorder on January 26, 2026, as Doc. No. 2026-01057.
B. The parties desire to amend the DA and MAA as set forth in this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the parties
agree as follows:
1. Exhibit"A" of the DA is hereby stricken in its entirety and replaced with the following
amended Exhibit "A":
Exhibit "A"
Legal Description of Property
Lots 6, 7, and 8, all in Block No. 59 in Anthony Bakers Addition to the Village (now City) of
Waterloo in Black Hawk County, Iowa,
2. Except as modified herein, the DA and MAA shall continue unmodified in full force
and effect. Terms in this Amendment that are capitalized but not defined will have the same
meanings herein that are ascribed to them in the DA or MAA. This Amendment may be executed
in multiple counterparts. The DA, MAA, and this Amendment shall inure to the benefit of and be
binding upon the parties and their respective successors and assigns.
IN WITNESS WHEREOF, the parties have executed this Amendment to Development
Agreement by their duly authorized representatives as of the date first set forth above.
[Signatures on next page]
Page 2
CITY OF WATERLOO, IOWA Crossroads Realty, LLC
By: life IL By:
David Boesen, Mayor Steve Knight, Managing Member
•
Atte
ell y elc , y Clerk
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
I On this o1 day
of P s'1._c__0_. , 2026, before me, a notary public in
and for the State of Iowa, personally appeared- David Boesen and Kelley Felchle, to me
personally known, who being duly sworn ho being duly sworn, did say that they are the Mayor
and City Clerk, respectively, of the City of Waterloo, Iowa, a municipal corporation, created
and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing
instrument is the seal of said municipal corporation, and that said instrument was signed and
sealed on behalf of said municipal corporation by authority and resolution of its City Council,
and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of
said municipal corporation by it and by them voluntarily executed.
1NANCY ANNE HIGBY
COMMISSION NO.1353884
cii)cons,n(a i ,
* MY OOMMISSION EXPIRES
ton, a �, t 1 Notary Public
-r
STATE OF (-A,tyk )
ss.
COUNTY OF L/(ti Prok )
Subscribed and sworn before me on ehrcketr` 9213o�0
by Steve Knight as Managing Member (title) of Crossroads Realty, LLC.
IOPA4O LEXI SCHNEIDER U �n
ACOMMISSION NO.861�! - co ,N (i* MY COMMISSION EXPIRES Notary Public
,ow, NOVEMBER 21,2028 ry
2
Prepared by Lexi Schneider, 715 Mulberry Street, Waterloo, IA 50703 319-291-4366
FIRST AMENDMENT TO DEVELOPMENT AGREEMENT
AND FIRST AMENDMENT TO MNIMUM ASSESSMENT AGREEMENT
This First Amendment to Development Agreement and Minimum Assessment Agreement
(the "Amendment") is entered into as of kerhfr tier >, , 2026, by and between
Crossroads Realty, LLC (the "Company") and the City of Waterloo, Iowa (the "City").
RECITALS
A. Company and City are parties to that certain Development Agreement ("DA") and
Minimum Assessment Agreement ("MAA") dated January 5, 2026, and recorded with the Black
Hawk County Recorder on January 26, 2026, as Doc. No. 2026-01057.
B. The parties desire to amend the DA and MAA as set forth in this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the parties
agree as follows:
1. Exhibit "A" of the DA is hereby stricken in its entirety and replaced with the following
amended Exhibit "A".
Exhibit "A"
Legal Description of Property
Lots 6, 7, and 8, all in Block No. 59 in Anthony Bakers Addition to the Village (now City) of
Waterloo in Black Hawk County, Iowa,
2. Except as modified herein the DA and MAA shall continue unmodified in full force
and effect. Terms in this Amendment that are capitalized but not defined will have the same
meanings herein that are ascribed to them in the DA or MAA. This Amendment may be executed
in multiple counterparts. The DA, MAA, and this Amendment shall inure to the benefit of and be
binding upon the parties and their respective successors and assigns.
IN WITNESS WHEREOF, the parties have executed this Amendment to Development
Agreement by their duly authorized representatives as of the date first set forth above.
[Signatures on next page]
Page 2
CITY OF WATERLOO, IOWA Crossroads Realty, LLC
By:
David Boesen, Mayor
By: 4,_2.7 Steve Knight, Managing Member
ell - y elchy Clerk
STATE OF IOWA
) ss.
COUNTY OF BLACK HAWK
ret
On this �� day of Pciorvt_ _r1_ , 2026, before me, a notary public in
and for the State of Iowa, personally appeared David Boesen and Kelley Felchle, to me
personally known, who being duly sworn ho being duly sworn, did say that they are the Mayor
and City Clerk, respectively, of the City of Waterloo, Iowa, a municipal corporation, created
and existing under the laws of the State of Iowa, and that the seal affixed to the foregoing
instrument is the seal of said municipal corporation, and that said instrument was signed and
sealed on behalf of said municipal corporation by authority and resolution of its City Council,
and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of
said municipal corporation by it and by them voluntarily executed.
•
NANCY ANNE HIGBY
COMMISSION NO. 853884
MY COMMISSION EXPIRES
thF )
STATE OF _I/A,
COUNTY OF 17--) Iq( (/i t1t;(1,1�k
Notary Public
) ss.
Subscribed and sworn before me on e:brcten c.
Crossroa s
Kettu4-11--cy-le?
, dod6
by Steve Knight as Managing Member (title) of Realty, LLC.
171 EXI SCHNEIDER
°COMMISSION NO.869089
MY COMMISSION EXPIRES
NOVEMBER 21, 2028
2
0-114-•
Notary Public