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HomeMy WebLinkAbout2026-144-03.16.2026.doc (RECORDED) Docusign Envelope ID:C54ADD03-9D18-4851-B95E-DD707E4C886E 2026-04865 RECORDED:04/09/2026 12:45:45 PM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA 1BQACkfil ci i,.)cvk"'(Gc) Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-144 RESOLUTION APPROVING AN AMENDMENT TO A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY, FOR 212 OAKLAWN, INCLUDING A DEMOLITION REIMBURSEMENT GRANT OF UP TO $15,000.00 AND ASBESTOS ABATEMENT GRANT OF UP TO $13,478.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo and Iowa Heartland Habitat for Humanity previously entered into a Development Agreement relating to property located at 212 Oaklawn; and WHEREAS, the Developer has requested, and City staff supports, an Amendment to the Development Agreement to provide for reimbursement assistance related to demolition and environmental remediation costs at the Property; and WHEREAS, the Amendment provides for a demolition reimbursement grant in an amount up to 15,000.00 and an asbestos abatement grant in an amount up to 13,478.00; and WHEREAS, it is in the best interests of the city to approve said Amendment to the Development Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. The City Council hereby approves an Amendment to the Development Agreement with Iowa Heartland Habitat for Humanity for the Property located at 212 Oaklawn, including a demolition reimbursement grant of up to $15,000.00 and an asbestos abatement grant of up to $13,478.00, in substantially the form presented to the City Council. 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: ATTEST: Nvtiet, 1/bLSWt, `—s9 9113.JD342 .. rSigned by: David oesen, — Mayor feidit Kelf yfelc?i`1e, ity Clerk SEAL Q WA T 44 p rt"es I III is €'us 4 ) lir: 0 �.+ ' ...V Docusign Envelope ID: C54ADD03-9D18-4851-B95E-DD707E4C886E ATTEST: Signed by: f ttd& Kelf y reMe, City Clerk SEAL 0 • Wq f 0 offori.#irdf.f.ror•r+++ WPM 1111J 0 • 0 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-144 RESOLUTION APPROVING AN AMENDMENT TO A DEVELOPMENT AGREEMENT WITH IOWA HEARTLAND HABITAT FOR HUMANITY, FOR 212 OAKLAWN, INCLUDING A DEMOLITION REIMBURSEMENT GRANT OF UP TO $15,000.00 AND ASBESTOS ABATEMENT GRANT OF UP TO $13,478.00, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo and Iowa Heartland Habitat for Humanity previously entered into a Development Agreement relating to property located at 212 Oaklawn; and WHEREAS, the Developer has requested, and City staff supports, an Amendment to the Development Agreement to provide for reimbursement assistance related to demolition and environmental remediation costs at the Property; and WHEREAS, the Amendment provides for a demolition reimbursement grant in an amount up to 15,000.00 and an asbestos abatement grant in an amount up to 13,478.00; and WHEREAS, it is in the best interests of the city to approve said Amendment to the Development Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. The City Council hereby approves an Amendment to the Development Agreement with Iowa Heartland Habitat for Humanity for the Property located at 212 Oaklawn, including a demolition reimbursement grant of up to $15,000.00 and an asbestos abatement grant of up to $13,478.00, in substantially the form presented to the City Council. 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: bOGSUA- Davi 00Sen 39tioese E3a2Mayor