HomeMy WebLinkAbout2026-397-07.20.2026 (2).docDocusign Envelope ID: A79C989C-6D79-8E26-82EC-7AE09B70E88A
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-397
RESOLUTION APPROVING A DEVELOPMENT
AGREEMENT WITH DHANI RE INVESTMENTS, LLC FOR
THE CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
AT 136 JANNEY AVENUE, INCLUDING A $5,000.00 INFILL
GRANT, AND AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE SAID DOCUMENT.
WHEREAS, the City of Waterloo, Iowa, desires to encourage residential development
and neighborhood reinvestment within the City; and
WHEREAS, Dhani RE Investments, LLC proposes to construct a new single-family
home at 136 Janney Avenue; and
WHEREAS, a Development Agreement has been prepared between the City of Waterloo
and Dhani RE Investments, LLC for said project, including a $5,000.00 infill grant to assist with
the construction of the new single-family home; and
WHEREAS, the City Council finds that approval of the Development Agreement and
infill grant will further the City's goals of promoting infill housing development, improving
neighborhood conditions, and increasing the residential tax base.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. The Development Agreement with Dhani RE Investments, LLC for the construction
of a new single-family home at 136 Janney Avenue, including a $5,000.00 infill grant, 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 20th day of July 2026.
cSigned by:
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David Boesen, Mayor
ATTEST:
Signed by:
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Kelley e'1ciit, City Clerk
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