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HomeMy WebLinkAbout2026-431-08.03.2026.doc (RECORDED) Docusign Envelope ID:B5DOEEFF-A50D-8372-8193-585B17102E38 2026-13512 RECORDED:09/04/2026 02:28:43 PM RECORDING FEE:$7.00 REVENUE TAX:$ COMBINED FEE:$7.00 SANDIE L.SMITH,RECORDER BLACK HAWK COUNTY,IOWA Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-431 RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT WITH EIC ENTERPRISES, LLC, TO EXTEND THE COMPLETION DEADLINE OF THE HOMES ALONG CHALMERS AVENUE TO OCTOBER 31, 2026, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo, Iowa, and EIC Enterprises, LLC, entered into a Development Agreement concerning the development and completion of homes along Chalmers Avenue; and WHEREAS, EIC Enterprises, LLC, has requested an extension of the completion deadline for said homes to October 31, 2026; and; WHEREAS, the City Council finds that approval of the amendment is in the best interests of the City of Waterloo. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. That the amendment to the Development Agreement between the City of Waterloo, Iowa, and EIC Enterprises, LLC, extending the completion deadline for the homes along Chalmers Avenue to October 31, 2026, is hereby approved. 2. That the Mayor and City Clerk are authorized and directed to execute said documents on behalf of the City of Waterloo, Iowa. PASSED AND ADOPTED this 3rd day of August 2026. "—Signed by: bet,Sun, \.-393E8997BSD3421... ATTEST: David Boesen, Mayor "---Signed by: 4__nn 17. £ "— bblu Even 1 9494.. LeAnn l .. , Deputy City Clerk CERTIFICATE I, LeAnn M. Even, Deputy City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is a true and complete copy of Resolution No. 2026-431, as passed and adopted by the Council of the City of Waterloo, Iowa, on August 3, 2026. signed by: 4 SEAL 1. C LeAnn E'ven� Deputy City Clerk 10111416146,&tam. erA% C. • HIfl.a!,JI!*$,fllU • ' T p Docusign Envelope ID: B5D0EEFF-A50D-8372-8193-585B17102E38 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2026-431 RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT WITH EIC ENTERPRISES, LLC, TO EXTEND THE COMPLETION DEADLINE OF THE HOMES ALONG CHALMERS AVENUE TO OCTOBER 31, 2026, AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAID DOCUMENT. WHEREAS, the City of Waterloo, Iowa, and EIC Enterprises, LLC, entered into a Development Agreement concerning the development and completion of homes along Chalmers Avenue; and WHEREAS, EIC Enterprises, LLC, has requested an extension of the completion deadline for said homes to October 31, 2026; and; WHEREAS, the City Council finds that approval of the amendment is in the best interests of the City of Waterloo. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. That the amendment to the Development Agreement between the City of Waterloo, Iowa, and EIC Enterprises, LLC, extending the completion deadline for the homes along Chalmers Avenue to October 31, 2026, is hereby approved. 2. That 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 3rd day of August 2026. ATTEST: Ef,a. Signed by: 17. Le nn bb1" 1venD9494.. , Deputy City Clerk I, LeAnn M. Even, Deputy City preceding is a true and complete Council of the City of Waterloo, SEAL Signed by: 5.61, t5m.sw, 393E8397B3D3421... David Boesen, Mayor CERTIFICATE Clerk of the City of Waterloo, Iowa, do hereby certify that the copy of Resolution No. 2026-431, as passed and adopted by the Iowa, on August 3, 2026. Signed by: LeAnn"1V .11tven, Deputy City Clerk