HomeMy WebLinkAboutAmerican Pattern Dev Amnt RECORDEDDoc ID: 007140240020 Type: GEN
Recorded: 09/14/2016 at 03:47:04 PM
Fee Amt: $102.00 Page 1 of 20
Black Hawk County Iowa
SANDIE L. SMITH RECORDER
Flle2017-00005191
Preparer
mrormafio¢ Noel Anderson 715 Mulberry Street Waterloo Iowa 50703 (319) 291-4366
Name Address GIN Phone
SPACE ABOVE THIS LINE
FOR RECORDER
DEVELOPMENT AGREEMENT
This Development Agreement (the "Agreement") is entered into as of
! &Vc V, I 1'2 � (b , by and between American Pattern Storage, L.L.C. (the
"Company") and the City of Waterloo, Iowa (the "City"). Burk Miehe and Kenneth M.
Kuebler, principals of Company and executes the personal guaranty at the end of this
Agreement for the purposes stated therein.
RECITALS
A. City considers economic development within the City a benefit to the
community and is willing for the overall good and welfare of the
community to provide financial incentives so as to encourage that goal,
and the City further believes that the project is in the vital and best
interests of the City and that the project and such incentives are in
accordance with the public purposes and provisions of applicable State
and local laws and requirements under which the project has been
undertaken and is being assisted.
B. Company is willing and able to finance and undertake construction and/or
rehabilitation of buildings and related improvements on property located in
the Rath Urban Renewal Plan area and legally described on Exhibit "A"
attached hereto (the "Property").
AGREEMENT
(101A X
NOW, THEREFORE, in consideration of the mutual coveriants set forth herein,
the parties agree as foliows:
1. Sale of Property; Title. Subject to the terms hereof, City shall convey the
Property to Company for the sum of $1 .00 (the "Purchase Price") within sixty (60) days
after approval of this Agreement by City. Conveyance shall be by quit ctaim deed, free
and clear of alt encumbrances arising by or through City except: (a) easements,
conditions and restrictions of record which do not, in Company's opinion, interfere with
Company's proposed use; (b) current and future real estate real property taxes and
assessments subject to the agreements made herein; (c) generat utility and right-of-way
easements serving the Property; and (d) restrictions imposed by the City zoning
ordinances and other applicable Iaw. City shati have no duty to convey title to
Company untit Company delivers to City reasonable and satisfactory proof of financial
ability to undertake and carry on the Project (defined below), which may take the form
of a lending commitment Ietter. Company shati, at its own expense, prepare an
updated abstract of titte, or in Iieu thereof Company may, at its own expense, obtain
whatever form of title evidence it desires. If title is unmarketabte or subject to matters
not acceptable to Company, and if City does not remedy or remove such objectionable
matters in timely fashion foliowing written notice of such objections from Company,
Company may terminate this Agreement. City shall provide any titte documents it has
in its possession, inctuding any abstracts, to assist in title preparation.
2. tmprovements by Company. Company shalt undertake the
improvements to the Property that are more completety describeci on Exhibit "B"
attached hereto, including but not Iimited to improvements to the buildings and grounds
in Phase 1 and, at Company's sole option, the installation of equipment and machinery
in Phase 2 (cotlectively, the "Improvements"). All Improvements will be at Company's
own cost and expense. The lmprovements shall be constructed in accordance with all
applicable City, state, and federal building codes, and debris disposal shall comply with
ati applicable City ordinances and other applicable Iaw. It is contemplated that the
Phase 1 lmprovements will have a totat project cost of approximately $510,000 and that
the Phase 2 Improvements, if compteted, wilt have a total project cost of approximatety
$1 250,000. The Property, the Improvements, and ati site preparation and
development -related work to make the Property usabte for Company's purposes as
contemplated by this Agreement are cotlectivety referred to as the "Project".
3. Timetiness of Construction; Possibility of Reverter. The parties agree
that Company's commitment to undertake the Project and to construct the Phase 1
lmprovements in a timety manner constitutes a material inducement for the City to
convey the Property to Company and that without said commitment City would not do
so. Company must begin Phase 1 Improvements on both buildings before April 1,
2016 and must substantialty complete said improvements on the llth street building by
Dec 31, 2016 and on the Sycamore Avenue building by Dec 31, 2017.
If Company has not, in good faith, begun the construction of the
lmprovements on the schedute stated above, then title to the Property shall revert to the
City, except as provided in this Agreement; provided, however, that if construction has
not begun within the stated period but the development of the Project is still imminent,
the City Council may, but shall riot be required to, consent to an extension of time for
the construction of the Improvements, and if an extension is granted but construction of
the Improvements has not begun within such extended period, then the title to the
Property shall revert to the City after the end of said extended period. If Company
determines at any time that the Project is not economically feasible, then after giving
thirty (30) days' advance written riotice to City, Company may convey the Property to
City by special warranty deed, and thereupon neither party shalt have any further
obligatiori under this Agreement except as expressly provided. If development has
commenced within the required period or any extended period and is stopped and/or
delayed as a result of an act of God, war, civil disturbance, court order, labor dispute,
fire, or other cause beyond the reasonabis control of Company, the requirement that
construction of the Project shall be tolled for a period of time equal to the period of such
stoppage or delay, and thereafter if construction is not completed within the allowed
period of extension then title to the Property shall revert to the City.
4. Reverter of TitIe; Indemnity. In the event of any reverter of title,
Company agrees that it shall, at its own expense, promptly execute all documerits,
including but not Iimited to a special warranty deed, or take such other actions as the
City may reasonably request to effectuate said reverter and to deliver to City title to the
Property that is free and clear of any lien, claim, or encumbrance arising by or through
Company. Company shall pay in full, so as to discharge or satisfy, all Iiens, claims,
charges, and encumbrances on or against the Property. Appointment ofAttorney in
Fact: If Company fails to deliver such documents, including but not Iimited to a special
warranty deed, to City within thirty (30) days of written demand by City, then City shalt
be authorized to execute, on Company's behalf and as its attorney-in-fact, the special
warranty deed required by this Section, and for such Iimited purpose Company does
hereby constitute and appoint City as its attorney-in-fact.
Company further agrees that it shall indemnify City and hold it harmtess
with respect to any demand, claim, cause of action, damage, cost, expense, Iiability or
injury made, suffered, or incurred as a result of or in connection with the Project,
Company's failure to carry on or complete same, or any lien, ctaim, charge, or
encumbrance on or against the Property of any type or nature whatsoever that attaches
to the Property by virtue of Company's ownership of same. If City files suit to enforce
the terms of this Agreement and prevails in such suit, then Company shall be liable for
all legal expenses, including but not timited to reasonabte attorneys' fees. Company's
duties of indemnity pursuant to this Section shall survive the expiration, termination or
canceltation of this Agreement for any reason.
5. No Encumbrances; Limited Exception. Until completion of the
tmprovements, Company agrees that it shall not create, incur, or suffer to exist any lien,
encumbrance, mortgage, security interest, or charge on the Property, other than such
mortgage or mortgages as may be reasonably necessary to finance Company's
completion of the tmprovements and of which Company notifies City in advance of
Company's execution of any such mortgage. Company may not mortgage the Property
or any part thereof for any purpose except in connection with financing of the
Improvements.
6. Water and Sewer. Company will be responsibte for extending water and
sewer service to any Iocation on the Property that it desires and for payment of any
associated connection fees.
7. Minimum Assessment Agreement. Company acknowiedges and
agrees that it will pay when due all taxes and assessments, general or special, and all
other charges whatsoever Ievied upon or assessed or placed against the Property.
Company further agrees that prior to the date set forth in Section 2 of Exhibit "B" it will
not seek or cause a reduction in the taxable valuation for the Property, which shall be
fixed for assessment purposes, below the amount of $576000 (the "Minimum Actual
Value"), through:
(1) willful destruction of the Property, the Improvements, or any part of
either;
(ii) a request to the assessor of Black Hawk County; or
(iii) any proceedings, whether administrative, legal, or equitabte, with
any administrative body or court within the City, Black Hawk County, the State of
Iowa, or the federaL government.
Company agrees to sign said attached Exhibit 'C" at the closing.
8. Partiat Tax Exemption. Because the Property is tocated in a designated
Consolidated Urban Revitalization Area (CURA), the Property is eligible for fax
exemption consistent with and to the extent provided for in Iowa Iaw, provided that
Company meets all requirements to qualify for such exemption.
9. Representations and Warranties of City. City hereby represents and
warrants as foliows:
A. City is not prohibited from consummating the transaction
contemplated in this Agreement by any Iaw, regulation, agreement, instrument,
restriction, order or judgment.
B. Each person who executes and deUvers this Agreement and all
documents to be dehvered hereunder is and shall be authorized to do so on
behalf of City.
10. Representations and Warranties ofCompany. Company hereby
represents and warrants as foliows:
Company is not prohibited from consummating the transaction
contemplated in this Agreement by any law, regulation, agreement, instrument,
restriction, order orjudgment.
B. Company is duly organized, validly existing, and in good standing
under the laws of the state of its organization and is duly qualified and in good
standing under the taws of the State of lowa.
C. Company has full right, title, and authority to execute and perform
this Agreement and to consummate all of the transactions contemplated herein,
and each person who executes and delivers this Agreement and all documents
to be delivered to City hereunder is and shall be authorized to do so on behalf of
Company.
11 No Assignment or Conveyance. Company agrees that it will not sell,
convey, assign or otherwise transfer its interest in the Property prior to completion of
the Project, whether in whole or in part, to any other person or entity without the prior
written consent of City. Reasonable gr�unds for the City to withhold its consent shall
include but are not limited to the inability of the proposed transferee to demonstrate 10
the City's satisfaction that 1 has the financial ability to observe all of the terms 10 be
performed by Company under this Agreement.
12. Materiality of Company's Promises, Covenants, Representations,
and Warranties. Each and every promise, covenant, representation, and warranty set
forth in this Agreement on the part of Company 10 be performed is a material term of
this Agreement, and each and every such promise, covenant, representation, and
warranty constitutes a materiat inducement for City to enter this Agreement. Company
acknowledges that without such promises, covenants, representations, and warranties,
City would not have entered this Agreement. Upon breach of any promise or covenant,
or in the event of the incorrectness or faisity of any representation or warranty, City
may, at its sole option and in addition 10 any other right or remedy availabte to it,
terminate this Agreement and dectare it null and void.
13. Obligations Contingent. Each and every obligation of City under this
Agreement is expressly made subject to and contingent upon City's completion of alt
procedures, hearings and approvals deemed necessary by City or its legal counsel for
amendment of the urban renewat plan applicabte 10 the Property and/or project area, atl
of which must be completed within 180 days from the date this Agreement is approved
by the City council. lf such completion does not occur, then any conveyance, benefit or
incentive of any type provided by City hereunderwithin said 180 -day period is subjectto
reverter of title, revocation, repayment or other appropriate action 10 restore such
property, benefit or incentive to City, and Company agrees to cooperate diligently and in
good faith with any reasonable request by City to effectuate the restoration of same, or
failing such restoration Company agrees 10 be tiable for same or for the fair vatue
thereof.
14. Notices. Any notice under this Agreement shall be in writing and shall be
delivered in person, by overnight air courier service, by United States registered or
certified mail, postage prepaid, or by facsimile (with an additional copy delivered by one
of the foregoing means), and addressed:
(a) if to City, at 715 Mulberry Street, Waterloo, lowa 50703, facsimile
number 319-291-4571, Attention: Mayor, with copies to the City Attorney and the
Community Planning and Development Director.
(b) if to Company, at 606 Fairview Avenue, Waterloo, IA 50703,
Attention: Kenneth M. Kuebler and Burk Miehe.
Delivery of notice shall be deemed to occur (1) on the date of delivery when delivered in
person, (H) one (1) business day foliowing deposit for overnight delivery to an overnight
air courier service which guarantees next day delivery, (iH) three (3) business days
foliowing the date of deposit if mailed by United States registered or certified mail,
postage prepaid, or (iv) when transmitted by facsimHe so ong as the sender obtains
written electronic confirmation from the sending facsimile machine that such
transmission was successful. A party may change the address for giving notice by any
method set forth in this section.
15. No Joint Venture. Nothing in this Agreement shall, or shal! be deemed
or construed to, create or constitute any joint venture, partnership, agency,
employment, or any other relationship between the City and Company nor to create any
Iiability for one party with respect to the Iiabilities or obligations of the other party or any
other person.
16. Amendment, Modification, and Waiver. No amendment, modification,
or waiver of any condition, provision, or term of this Agreement shall be vahd or of any
effect unless made in writing, signed by the party or parties to be bound or by the duly
authorized representative of same, and specifying with particularity the extent and
nature of the amendment, modification, or waiver. Any waiver by any party of any
default by another party shall not affect or impair any rights arising from any subsequent
defau 11.
17. Severability. Each provision, section, sentence, clause, phrase, and
word of this Agreement is intended to be severab!e. If any portion of this Agreement
shall be deemed invalid or unenforceable, whether in whole or in part, the offending
provision or part thereof shall be deemed severed from this Agreement and the
remaining provisions of this Agreement shall not be affected thereby and shall continue
in full force and effect. If, for any reason, a court finds that any portion of this
Agreement is invalid or unenforceable as written, but that by limiting such provision or
portion thereof it would become va!id and enforceable, then such provision or portion
thereof shall be deemed to be written, and shall be construed and enforced, as so
Iimited.
18. Captions. All captions, headings, or titles in the paragraphs or sections
of this Agreement are inserted only as a matter of convenience and/or reference, and
they shall in no way be construed as limiting, extending, or describing either the scope
or intent of this Agreement or of any provisions hereof.
19. Binding Effect. This Agreement shall be binding and shall inure to the
benefit of the parties and their respective successors, assigns, and legal
representatives.
20. Counterparts. This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original and all of which, taken
together, shall constitute one and the same instrument.
21. Entire Agreement. This Agreement, together with the exhibits attached
hereto, constitutes the entire agreement of the parties and supersedes all prior or
contemporaneous negotiations, discussions, understandings, or agreements, whether
oral or written, with respect to the subject matter hereof.
22. Time of Essence. Time is of the essence of this Agreement.
IN WITNESS WHEREOF, the parties have executed this Development
Agreement by their duly authorized representatives as of the date first set forth above.
CITY OF WATERLOO. IOWA
Attest:
Suzy Sct ares, City Clerk
AMERICAN PATTERN STORAGE,
L. L. C.
By:
Burk Miehe
Managing ember
fr�
By:
enneth M. Kuebler
Managing Member
PERSONAL GUARANTY. The undersigned, being either an officer, shareholder,
manager, or member of Company, hereby agree for themselves and their heirs,
personal representatives, and assigns, to unconditionally guarantee to City, its
successors and assigns, the full and prompt performance by Company, its successors
and assigns, of all promises and covenants on the part of Company to be performed
pursuant to the foregoing Agreement, including b�4 not limited to the duties\of indemnity
set forth thin. Liab ttt guarantors
enneth M. uebler
LEGAL DESCRIPTION
EXHIBIT "A"
All of Lot No. Three (3); the North Twenty-seven and five -tenths (27.5) feet of Lot No. Seven (7); and all
of Lot No. Eight (8) in Auditor's Consolidated Ptat ofWaterloo, Iowa, Btack Hawk County, Iowa;
EXCEPT
A part of Lots 3 and 8 in Auditor's Consolidated PIat, in the City of Waterloo, Black Hawk County, Iowa,
described as foliows:
Beginning at the most Northerly lot corner of Lot 3 of said Plat; thence 5.48 degrees 19'24" E. along the
Northeasterly line of said Lot 3 a distance of 111.60 feet; thence 5.42 degrees 00'OO" W. a distance of
290.33 feet; thence N. 48 degrees 00'OO" W. a distance of 111.60 feet to the Northwesterly line of said
Lot 3; thence N. 42 degrees 00'OO". E. along said Northwesterly line a distance of 289.70 feet to the point
of beginning.
EXHIBIT "B"
Description of Improvements and Investment
Phase 1 Improvements
- Remodel existing tvo story building
- Mold removal �finterior
Remove unsightly front sections
Dernolish exterior framed cooler, extensi�n
Remove overhang on front and side of building
Replace roofs 011 both existing one story buildings
-: Replace siding and paint 011 exterior ofone story buildings
- Add sod and•landscaping along Sycamore Street.
East 1 lth Street Building, (by 31 Dec 2016)
i.Newroofs . .
. Demolitionofinterior and exterior
3. Siding and gutters exterior
4. Slab eoncrete replacement
5.. Paintexteri�r . . 1
6. Upgrade electrical serviee
7. Tuck pointing as necessary
Sycamore Building (by 31 Dec 2017)
1. Remodel of.front office section
2. Remove mold covered interior.walls
3. . Landscaping
* * * ** ** * ** ** ** ** *
Estimated Cost
$170,000
• $ 50,000
• $ 50,000
$. 40,000
•:• $ .35,000.
$ .30,000
$25000
Estjmated Costl
.$75,000
$ 25,000
$:iO000.
* * * * * * . * *
$51O,000
Total Bstimated Cost oflmprovements
Phase 2 Potential Investments
Install CNC autornated machines and supporting systems:
- Programrning station
Air compressors
- Loading docks
Dust eollection
Manual tools and Iift tabies
Jib eranes
Fork trucks
T�tal Esthnated Cost
$ 1,250,000
Employment estimates ifCNC operation materializes is a minirnum of3
employees per shift 011 a multiple shift operation.
1 lthl Street Redevelopment
A joint project between American
Pattern and the City of Waterloo
Current Site Evaluation
OId Cedar VaIIey Food
Bank Property
•Twostory buildiog in bad shapewith mold,
ete. Noeds lo be cleaned and addrossod,..._
pAs&&rvjw
Nt
'Overhangs and patched siding an eyesore. .—
•Add-on exiedor framed former cooler.
Leaks, poor const,uclion and loo coslly lo
altempl to update.
1
Phase 1
• Remodel existing buildings and property
2
Interior
mold on
walis and
ceilings.
Redevelopment Proposal
Phase 1
Sding and paint on perimeter walis in bad
shape and needs to be repaced or
redone.
Roof on 7000 square foot building is terrible.
Minimal pftoh and lar and gravel surface.
nipossible to palch. Needs new roof.
Roofon 10,000 square foot building is bordorline.
Some Ieaks. Belter pitoh. SteeI roof bul near end
of life. Roof experls recommend replacing.
3
Leaking tar
and gravel
roof.
Eye sore
overhangs
Damaged
siding anci
eroding biock
seams
Redevelopment Proposal
Offer
City sefls us the property for $l .00 and some ramp -up
property tax incentives in exchange.....
American Pattern Storage will:
Phase 1
- Remodel existing two story builcllng
- Mold renioval of interior
- Remove unsightly front section
- Demolish exterior framed 000ler extension
- Remove overhang on front and side of building
- Replace roofs on both existing one story buildings
- Replace siding and paint on exterior of one story
buildings
— Add sod and Iandscaping along Sycamore Street.
Reoioielhee
bting pOdI
4
Property Improvements
Landscaping $ 10,000
Tuck Pointing $ 25,000
Remove MoId Covered Walis $ 25,000
Upgrade electrical service $ 30,000
Paint $ 35,000
SIab Concrete Replacement $ 40,000
Siding and Gutiers $ 50,000
Demolition $ 50,000
Remove front Sycamore bldg $ 75,000
New Roofs $170,000
Totat Improvements $510,000
Phase 2
• Start new auto grind business providing finished
castings for John Deere Foundry
Install CNC automated machines and supporting systems:
- Programming station
Air compressors
Loading docks
- Dust collection
- Manual tools and Iifttables
- Jibcranes
Fork trucks
5
Phase 2
• Total investments in machines and supporting
equipment:
$ 1,250,000
• Employment
- Initiat 3-4 employees per shift for (wo shifts
- Long term potenilal multipte machines and up to 25 employees
6
EXHIBIT "C"
MINIMUM ASSESSMENT AGREEMENT
This Minimum Assessment Agreement (the "Agreement") is entered into as of
t,� ri, 28 % b , by and among the CITY OF WATERLOO, IOWA ("City"),
American Pattern Storage, L.L.C. ("Company"), and the COUNTY ASSESSOR of the
City of Waterloo, Iowa ("Assessor").
WITNESSETH:
WHEREAS, on or before the date hereof the City and Company have entered
into a development agreement (the "Development Agreement") regarding certain real
property, described in Exhibit "A" thereto, located in the City; and
WHEREAS, it is contemplated that pursuant to the Development Agreement, the
Company will undertake the development of an area ("Project") within the City and
within the Rath Urban Renewal Plan Area; and
WHEREAS, pursuant to Iowa Code § 403.6, as amended, the City and the
Company desire to establish a minimum actual value for the land and the building(s)
pursuant to this Agreement and applicable only to the Project, which shall be effective
upon substantial completion of the Project and from then until this Agreement is
terminated pursuant to the terms herein and which is intended to reflect the minimum
actual value of the land and buildings as to the Project only; and
WHEREAS, the City and the Assessor have reviewed the preliminary plans and
specifications for the improvements (the "Improvements") which the parties contemplate
will be erected as a part of the Project.
NOW, THEREFORE, the parties hereto, in consideration of the promises,
covenants, and agreements made by each other, do hereby agree as follows:
1. Upon substantial completion of construction of the Improvements by the
Company, the minimum actual taxable value which shall be fixed for assessment
purposes for the land and Improvements to be constructed thereon by the Company as
a part of the Project shall not be less than $576,000.00 (the "Minimum Actual Value")
until termination of this Agreement. The parties hereto agree that construction of the
Improvements will be substantially completed on or before December 31, 2016,
2. The Minimum Actual Value herein established shall be of no further force
and effect, and this Minimum Assessment Agreement shall terminate, on December 31,
2027. Nothing herein shall be deemed to waive the Company's rights under Iowa Code
§ 403.6, as amended, to contest that portion of any actual value assignment made by
the Assessor in excess of the Minimum Actual Value established herein. In no event,
however, shall the Company seek or cause the reduction of the actual value assigned
below the Minimum Actual Value established herein during the term of this Agreement.
3. This Agreement shall be promptly recorded by the City with the Recorder
of Black Hawk County, Iowa. The City shall pay all costs of recording.
4. Neither the preambles nor provisions of this Agreement are intended to, or
shall be construed as, modifying the terms of the Development Agreement.
5. This Agreement shall inure to the benefit of and be binding upon the
successors and assigns of the parties, including but not limited to future owners of the
Project property.
IN WITNESS WHEREOF, the parties have executed this Minimum Assessment
Agreement by their duly authorized representatives as of the date first set forth above.
CITY OF WATERLOO, IOWA
By:
Suzy Sc ares, City Clerk
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK
AMERICAN PATTERN
L.L.C.- N
in
Burk Miehe
Managjnq M tuber
By: ��/i
`Kenneth M. Kuebler
Managing Member
On this (� day of KO++ r -k 2-6 1 b , before me, a Notary Public in and for
the State of Iowa, personally appeared Quentin Hart and Suzy Schares, to me
personally known, who being duly sworn, did say that they are the Mayor and City
Clerk, respectively, of the City of Waterloo, Iowa, a municipal corporation, created and
existing under the laws of the State of Iowa, and that the seal affixed to the foregoing
instrument is the seal of said municipal corporation, and that said instrument was
signed and sealed on behalf of said municipal corporation by authority and resolution of
its City Council, and said Mayor and City Clerk acknowledged said instrument to be the
free act and deed of said municipal corporation by it and by them voluntarily executed.
NANCY 11 BY
COMMISSIOSION E ( JVJ S
MY Crd j z 5
ow�
STATE OF IOWA )
) ss.
COUNTY OF BLACK HAWK )
Notary Public
Subscribed and sworn to before me on #jhje#49 Ze by Burk Miehe as
Managing Member of American Pattern Storage, L.L.C.
Subscribed and sworn to before me on 1 Za /( en eth M.
Kuebler as Managing Member of American Pattern S rage,.C.
"" : TIM ANDERA o ary Public
COMMISSION N0.772ri18
MY COMMISSION EXPWE4
'^•` APRIL 11, 2018
CERTIFICATION OF ASSESSOR
The undersigned, having reviewed the pans and specifications for the improve-
ments to be constructed and the market value assigned to the land upon which the
improvements are to be constructed for the development, and being of the opinion that
the minimum market value contained in the foregoing Minimum Assessment Agreement
appears reasonable, hereby certifies as foltows: The undersigned Assessor, being
legaily responsible for the assessment of the property subject to the developmerit, upon
completion of improvements to be made on it and in accordance with the Minimum
Assessment Agreement, certifies that the actual value assigned to such land, building
and equipment upon completion of the development shall not be Iess than Five
Hundred Seventy Six Thousand Dotlars ($576,000.00) until termination of this Minimum
Assessment Agreement pursuant to the terms hereof.
Assessor . Black Hawk County, Iowa
Date
STATE OF IOWA
)ss.
COUNTY OF BLACK HAWK
Subscribed and sworn to before me on 1 by TJ.
Koenigsfeld, Assessorfor Black Hawk County, Iowa.
Notary Public
)EORAK 1. BOECKMANN
Ir COMMISSION NO. 198760
M'( C;OMMIS$I�N EXPIAES