The properties that were formerly 322 and 326 Crescent Place were acquired through Iowa Code 657A in 2014 by the City of Waterloo. The City demolished the homes in 2019 and the applicant has maintained the properties for several years as they sat vacant and abandoned in attempt to keep the volunteer trees and weeds from spreading to their property.  The applicants have indicated a desire to acquire the lots to construct a new detached garage.  The developer must obtain a building permit and begin construction of the improvements within four years and six months after conveyance of the property.  The development agreement does have reverter of title information within it. 

The development agreement originally went to the City Council June 7, 2021, however, approval of the development agreement was not called out as a separate resolution action.  Approving the development agreement under its own resolution will clarify this. 

Calumet Subdivision Lots 5 and 6 and the West 1/2 of Lot 7, Block 3, Waterloo, Black Hawk County, Iowa.