HomeMy WebLinkAbout2026-097-03.02.2026.doc (RECORDED) Docusign Envelope ID: 64337050-5C29-4744-A60B-7C4FE414B39A
2026-03554
RECORDED: 03/19/2026 11:30:10 AM
RECORDING FEE: $7.00
REVENUE TAX: $
COMBINED FEE: $7.00
SANDIE L. SMITH, RECORDER
BLACK HAWK COUNTY, IOWA
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-097
RESOLUTION APPROVING AN ASSIGNMENT OF REBATES
AND WAIVER/RELEASE TO IOWA HEARTLAND COMMUNITY
INVESTMENT FUND, LLC IN CONJUNCTION WITH THE
DEVELOPMENT AGREEMENT WITH BLACK HAWK
CONTRACTING AND DEVELOPMENT DATED FEBRUARY 17,
2014, FOR THE PROPERTY LOCATED AT 301-311 E. 3RD
STREET, AND AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa previously entered into a Development
Agreement with Black Hawk Contracting and Development dated February 17, 2014; and
WHEREAS, the Development Agreement relates to certain development and/or
redevelopment activities involving the real property located at 301-311 E. 3rd Street, Waterloo,
Iowa; and
WHEREAS, White Rhino Real Estate has requested an Assignment of Rebates and
Waiver/Release in favor of Iowa Heartland Community Investment Fund, LLC in connection
with the Development Agreement and the Property; and
WHEREAS, the City Council finds it to be in the best interests of the City to approve the
Assignment of Rebates and Waiver/Release to Iowa Heartland Community Investment Fund,
LLC.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1 . The Assignment of Rebates and Waiver/Release to Iowa Heartland Community
Investment Fund, LLC, in conjunction with the Development Agreement with Black Hawk
Contracting and Development dated February 17, 2014, for the Property located at 301-311 E.
3rd Street, Waterloo, Iowa, 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 2nd day of March 2026.
PSigned by:
M), f26t.SUAJ
303E833783D3421...
ATTEST: David Boesen, Mayor
(—Signed by:
fdd&
Kelle Feictile gcity clerk
city
SEAL
41.
I
0
Docusign Envelope ID: 64337050-5C29-4744-A60B-7C4FE414B39A
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-097
RESOLUTION APPROVING AN ASSIGNMENT OF REBATES
AND WAIVER/RELEASE TO IOWA HEARTLAND COMMUNITY
INVESTMENT FUND, LLC IN CONJUNCTION WITH THE
DEVELOPMENT AGREEMENT WITH BLACK HAWK
CONTRACTING AND DEVELOPMENT DATED FEBRUARY 17,
2014, FOR THE PROPERTY LOCATED AT 301-311 E. 3RD
STREET, AND AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa previously entered into a Development
Agreement with Black Hawk Contracting and Development dated February 17, 2014; and
WHEREAS, the Development Agreement relates to certain development and/or
redevelopment activities involving the real property located at 301-311 E. 3rd Street, Waterloo,
Iowa; and
WHEREAS, White Rhino Real Estate has requested an Assignment of Rebates and
Waiver/Release in favor of Iowa Heartland Community Investment Fund, LLC in connection
with the Development Agreement and the Property; and
WHEREAS, the City Council finds it to be in the best interests of the City to approve the
Assignment of Rebates and Waiver/Release to Iowa Heartland Community Investment Fund,
LLC.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Assignment of Rebates and Waiver/Release to Iowa Heartland Community
Investment Fund, LLC, in conjunction with the Development Agreement with Black Hawk
Contracting and Development dated February 17, 2014, for the Property located at 301-311 E.
3rd Street, Waterloo, Iowa, 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 2nd day of March 2026.
ATTEST:
Signed by:
Kelley Feld &e
y ieichlie BEity Llerk
SEAL
rSigned by:
VIANA-ibt }�jbLSt,ln,
393E8397B3D3421...
David Boesen, Mayor