HomeMy WebLinkAboutDhani RE Investments, LLC Warranty Deed (RECORDED) 08.01.2025 2026-13349
RECORDED:09i 02/2026 03:42:31 PM
RECORDING FEE:$22.00
REVENUE TAX:$
COMBINED FEE:$22.00
SANDIE L.SMITH,RECORDER
BLACK HAWK COUNTY,IOWA
Preparer
Information: City of Waterloo, 715 Mulberry St., Waterloo, Iowa 50703; (319) 291-4327
Address Tax Statement: DHANI RE INVESTMENTS LLC, 2343 Logan Avenue, Waterloo,
Iowa 50703
QUIT CLAIM DEED
For the consideration of Fifteen Thousand Dollars ($15,000.00) and other valuable
consideration, City of Waterloo, Iowa, does hereby quit claim to DHANI RE INVESTMENTS
LLC, all of its right, title, interest, estate, claim, and demand in the following described real
estate in Black Hawk County, Iowa:
See attached Exhibit"A".
Subject to (a) easements, servitudes, conditions, and restrictions of record; (b) current and
future real estate property taxes and assessments; (c) general utility and right-of-way
easements serving the property; and (d) restrictions imposed by City zoning ordinances
and other applicable law. Further subject lo possibility of reverter of title pursuant to
Development Agreement dated 7/ 7/ Qczs and recorded on the 15 ay of
c 69e� , , as Doc. No. aoz,A61 l3 aos
Deed from Iowa political subdivision. Exempt from real estate transfer tax, declaration
of value and groundwater hazard statement.
The grantor hereby covenants with grantees, and successors in interest, to warrant and defend
the real estate against the lawful claims of all persons claiming by, through, or under it, except as
may be stated above.
Words and phrase herein, including acknowledgment hereof, shall be construed as in the
singular or plural number, and as masculine or feminine gender, according to the context.
I Si
Dated: August I `, 2025
CITY OF WATERLOO, IOWA
By: a -o .
Quentin M. Hart, Mayor
Attest:
ell Felchl City Clerk
as) 3
STATE OF IOWA )
) ss:
BLACK HAWK COUNTY )
This record was acknowledged before me on the I t day of August, 2025,by Quentin
M. Hart and Kelley Felchle, as Mayor and City Clerk, respectively, of the City of Waterloo,
Iowa and by authority of its City Council as contained in a Resolution adopted by City Council
as Resolution No. 2025-386 on the 7th day of July, 2025.
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EXHIBIT "A"—Legal Description(512 N. Barclay)
Lot 5 and the West 10 feet of the North 40 feet of Lot 7, Auditor Francis Rose Hill Plat,
Waterloo, Iowa.
Parcel No. 8913-24-210-025
Docusign Envelope ID:B5DOEEFF-A50D-8372-8193-585B17102E38
2026-13348
RECORDED:09/02,20 03:42:30 P,
RECORDING FEE:$17.00
REVENUE TAX:$
COMBINED FEE:$17.00
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. 2025-3 86
RESOLUTION APPROVING THE SALE AND CONVEYANCE
OF CITY PROPERTY LOCATED AT 512 N. BARCLAY
STREET, IN THE AMOUNT OF $15,000.00, TO DHANI RE
INVESTMENTS LLC, AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAID DOCUMENTS.
WHEREAS, the City of Waterloo owns certain real property located east of 512 N.
Barclay Street, which is deemed suitable for conveyance to support local development
initiatives; and
WHEREAS Dhani RE Investments LLC has expressed interest in purchasing said
property to facilitate development consistent with the City's land use plans and economic
development objectives; and
WHEREAS,the sale of the property for $15,000.00 is anticipated to promote future
development and economic activities, thereby potentially increasing property tax revenues and
benefitting the community; and
WHEREAS, the City Council has determined that the sale is in the best interest of the
City and its residents in promoting urban development.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The City Council hereby approves the sale and conveyance of city-owned property
located southeast of 512 N. Barclay Street to Dhani RE Investments LLC in the amount of
$15,000.00.
2. 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 7th day of July 2025.
mob:
Quern n art,1ayor
ATTEST:
(—Signed by:
WI, feldli
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Kelley Felchle, City Clerk
C
Docusign Envelope ID: B5DOEEFF-A50D-8372-8193-585B17102E38
Resolution No. 2025-386
Page 2
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the
preceding is a true and complete copy of Resolution 2025-386 as passed and adopted by the
Council of the City of Waterloo, Iowa, on the 7th day of July 2026.
Witness my hand and seal of office this 7th day of July 2026.
Signed by:
Kd &y. FLU&
`— F60 OFFBC 4AB..,
Kellleyielch�e, City Clerk
SEAL
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THE COURIER
AFFIDAVIT OF PUBLICATION
NOTICE OF PUBLIC HEARING
TO WHOM IT MAY CONCERN:
Waterloo-Cedar Falls Courier
6915 Chancellor Drive Notice is hereby given that on the 7th
Cedar Falls 50613 day of July 2025. at 5:30 p.m.. In the
(319)291-1400 Harold E.Getty Council Chambers in
the City Hall in the City of Waterloo.
Iowa,a public hearing will be held by
State of Florida, County of Orange, ss: the Council of the City of Waterloo.
Iowa, to authorize the sale and con-
veyancelo-
Ankit Sachdeva, being first duly sworn, deposes and says:That satedat 512o city-owned treperty he
cated N. Barclay Street, in the
(s)he is a duly authorized signatory of Column Software, PBC, duly amount of $15,200,00, to Dhani RE
authorized agent of Waterloo-Cedar Falls Courier, a publication that Investments LLC, including approval
is a"legal newspaper"as that phrase is defined for the city of Cedar of a Development Agreement for the
rehabilitation of the home. a grant of
Falls,for the County of Black Hawk, in the state of Iowa, that this $5,000.00 for partial purchase price
affidavit is Page 1 of 1 with the full text of the sworn-to notice set refund and a grant of $5,000.00 for
forth on the pages that follow,and that the attachment hereto infill housing development, legally de-
scribed as follows:
contains the correct copy of what was published in said legal
newspaper in consecutive issues on the following dates: Lot 5 and the West 10 feet of the North
40 feet of Lot 7,Auditor Francis Rose
Hill Plat,Waterloo,Iowa.
PUBLICATION DATES: Anyone who is Interested may appear
Jun.26,2025 at said time and place and be heard
or may file written objection with the
NOTICE ID: nKAbQeA4GcaOzJ3ZtRM6 City Clerk, City Hall, Waterloo. Iowa.
PUBLISHER ID:COL-IA-602456 before the date set for said hearing.
NOTICE NAME:S/C w/DA(Dhani RE)512 N. Barclay(PH 7.7) By order of the Council of the City of
Publication Fee:$25.16 Waterloo this 16th day of June 2025.
ANk;f cetc4deva. Kelley Felchle, City Clerk
(synea) City of Waterloo. Iowa
JESSCA GORDON.,.OMFEW. COL-I A-60245 6
er, t w Notary -Sl of Honda
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VERIFICATION
State of Florida
County of Orange
Subscribed in my presence and sworn to before me on this: 06/30/2025
Notary Public
Notarized remotely online using communication technology via Proof.
S/C w/DA (Dhani RE) 512 N. Barclay (PH 7.7) - Page 1 of 1