HomeMy WebLinkAbout2026-275-05.18.2026.docDocusign Envelope ID: 4E141 DC0-92E1-8004-81 E8-088ECDB35EBC
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-275
RESOLUTION APPROVING AN ASSIGNMENT AND
ASSUMPTION OF DEVELOPMENT AND MINIMUM
ASSESSMENT AGREEMENT WITH ET ENTERPRISES
CORPORATION, ORIGINALLY EXECUTED JANUARY 20,
2026, TO CHANGE THE NAME OF THE COMPANY TO ST.
JOHN'S DEVELOPMENT, LLC, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID
DOCUMENT.
WHEREAS the City of Waterloo, Iowa, previously entered into a Development and
Minimum Assessment Agreement with ET Enterprises Corporation, executed on January 20,
2026; and
WHEREAS, ET Enterprises Corporation has requested approval of an Assignment and
Assumption of said Development and Minimum Assessment Agreement to reflect the company
name change to St. John's Development, LLC; and
WHEREAS, the City Council finds it to be in the best interests of the City to approve the
Assignment and Assumption of Development and Minimum Assessment Agreement and
authorize execution of the related document.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The Assignment and Assumption of Development and Minimum Assessment
Agreement with ET Enterprises Corporation, originally executed January 20, 2026, to change the
name of the company to St. John's Development, LLC, is hereby approved.
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 18`" day of May 2026.
ATTEST:
Signed by:
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keff y efit; City Clerk
SEAL
[Signed by:
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David l oesen, Mayor