HomeMy WebLinkAboutBlack Hawk Contracting & Dev - Rel of Reversionary Rights-12/16/2013Prepared by Christopher S. Wendland, P.O. Box 596, Waterloo, IA 50704. Phone (319) 234-5701
Return to preparer after recording.
RELEASE OF REVERSIONARY RIGHTS
WHEREAS, on or about September 6, 2011, the City of Waterloo, Iowa ("City") and Black Hawk
Contracting & Development, Inc. ("Developer") entered into a certain Development Agreement (the
"Agreement"), filed July 5, 2012 as Doc. No. 2013-00299, concerning real property legally described as
referenced in the Agreement; and
WHEREAS, the Agreement provided a right of reversion to the City if the Developer failed to take
timely action to develop the property on the terms set forth in the Agreement; and
WHEREAS, Developer has satisfied the conditions for extinguishment of the City's reversionary
rights as to certain portions of the property.
NOW, THEREFORE, City does hereby release and relinquish all rights of reversion, or similar
rights, arising from or in connection with the Agreement as such rights relate to real property now legally
described as "Tract 12 of Plat of Survey Doc. #2012-23388 and corrected in Plat of Survey Doc. #2014-
09944, being a part of Lots 17 and 18, Block 14, and the South half of the vacated alley adjacent thereto,
Second Addition to Grand View Place, Waterloo, Iowa."
Dated .‘111e,-8.0.4.614_, 1(01243
STATE OF IOWA )
) ss.
BLACK HAWK COUNTY )
This record was acknowledged before me on
CITY OF WATERLOO, IOWA
By:
Ernest G. Clark, Mayor
Attes
Suzy S ares, City Clerk
6/1444.44_1(6 717/3y Ernest G. Clark
and Suzy Schares and Mayor and City Clerk, respectively, of the City of
oeti a DeAnne Kobliska
o► COMMISSION NO. 763995
*10.
MY COMMISSION EXPIRES
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aterloo, Iowa.