HomeMy WebLinkAboutLeondorf LC - Notice of Release-10/10/2016Prepared by Noel Anderson, 715 Mulberry Street, Waterloo, IA 50703. Phone (319) 291-4366
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NOTICE OF RELEASE
WHEREAS, on or about June 25, 2007 the City of Waterloo, Iowa ("City") and Leondorf,
LC ("Developer") entered into a certain Development Agreement concerning real property legally
described therein, which were filed August 14, 2007 as Doc. No. 2008-003693; and
WHEREAS, a project was built within the prescribed timeframe of the project (4020
Bankers Boulevard was constructed in 2008 for over $400,000 and is currently at a $1.1 million
taxable value), fulfilling the requirements of the Development Agreement by said Developer; and
WHEREAS, Section 4 of the Development Agreement states City shall terminate all
reversion or repurchase rights if Developer completes building as described; and
WHEREAS, Developer has met all requirements.
NOW, THEREFORE, City does hereby release all reversion or repurchase rights granted to
City through the previous Development Agreement, as all provisions of the Development
Agreement have been met by the Developer.
Dated October I e , 2016.
CITY OF WATERLOO, IOWA
By:
Quentin Hart, Mayor
Attest: Vie,t&
Kelley Fe
[acknowledgment on next page]
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hle, ity Clerk
STATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
On October \ , 2016, before me, a Notary Public in and for the State of Iowa,
personally appeared Quentin Hart and Kelley Felchle, to me personally known, and who, being
by me duly sworn, did say that they are the Mayor and City Clerk, respectively, of the City of
Waterloo, Iowa; the seal affixed to the foregoing instrument is the corporate seal of the
corporation, and that the instrument was signed and sealed on behalf of the corporation by
authority of its Cit Council as contained in the Resolution adopted by the City Council under
roll call number 9{(Qu(9$ of the City Council on October /0 , 2016 and that said persons
acknowledged the execution of the instrument to be their voluntary act and deed and the
voluntary act and deed of the corporation, by it voluntarily executed.
SHELLtE L CRISMAN
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