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HomeMy WebLinkAbout2026-142-03.16.2026.doc (RECORDED) Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E 2026-04216 RECORDED: 03/31/2026 02:03:47 PM RECORDING FEE: $7.00 REVENUE TAX: $ COMBINED FEE: $7.00 SANDIE L. SMITH, RECORDER BLACK HAWK COUNTY, IOWA ( F )e --eel Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-142 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH RYAN MEYERS, FOR THE CONSTRUCTION OF TWO DUPLEXES, ON INFILL LOTS LOCATED SOUTH OF 333 NORRIS COURT, INCLUDING AN INFILL GRANT OF $20,000.00 UPON SUBSTANTIAL COMPLETION, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo supports infill housing development to strengthen neighborhoods, increase housing supply, and promote reinvestment in established areas; and WHEREAS, Ryan Meyers proposes the construction of two duplex residential structures on infill lots located south of 333 Norris Court; and WHEREAS, the City and the Ryan Meyers desire to enter into a Development Agreement establishing the terms and conditions for the Project; and WHEREAS, the Agreement provides for an infill grant in an amount not to exceed 20,000.00, to be paid upon substantial completion of the Project and satisfaction of the Agreement's conditions; and WHEREAS, City staff recommends approval of the Development Agreement and the infill grant, and the city finds it is in the best interest to approve the Development Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1 . The City Council hereby approves a Development Agreement with Ryan Meyers for the construction of two duplexes on infill lots located south of 333 Norris Court, including an infill grant in an amount not to exceed $20,000.00. 2. The Mayor and City Clerk are authorized and directed to execute said document on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 16th day of March 2026. ,i -Signed by: ATTEST: Paw.41, f7OSV . �yc��oeseri1 Davi , Mayor ,---Signed by: Fed Kelley F efclile, City Clerk SEAL f t! T irt�ts c • 414 II I I • ," 4 IFF �+...�•... 0 I Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E ATTEST: "—Signed by: KeWI. fLU& Kelfey efc i`e4,ACity Clerk SEAL 0 WET 00000 ■uii 111111111111 y 0 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-142 RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH RYAN MEYERS, FOR THE CONSTRUCTION OF TWO DUPLEXES, ON INFILL LOTS LOCATED SOUTH OF 333 NORRIS COURT, INCLUDING AN INFILL GRANT OF $20,000.00 UPON SUBSTANTIAL COMPLETION, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo supports infill housing development to strengthen neighborhoods, increase housing supply, and promote reinvestment in established areas; and WHEREAS, Ryan Meyers proposes the construction of two duplex residential structures on infill lots located south of 333 Norris Court; and WHEREAS, the City and the Ryan Meyers desire to enter into a Development Agreement establishing the terms and conditions for the Project; and WHEREAS, the Agreement provides for an infill grant in an amount not to exceed 20,000.00, to be paid upon substantial completion of the Project and satisfaction of the Agreement's conditions; and WHEREAS, City staff recommends approval of the Development Agreement and the infill grant, and the city finds it is in the best interest to approve the Development Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. The City Council hereby approves a Development Agreement with Ryan Meyers for the construction of two duplexes on infill lots located south of 333 Norris Court, including an infill grant in an amount not to exceed $20,000.00. 2. The Mayor and City Clerk are authorized and directed to execute said document on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 16th day of March 2026. Signed by: bot stA, 39.s,E$3aiBsen, Mayor Davi oesen, 1V1