Bedrock
Development agreement

Northwest corner of Larkspur Drive and Cimmarron Lane, Waterloo, IA

On municipal recordWaterloo, IA
3/ 5
Notable
Bedrock impact score
Action type
Development agreement
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-07-20
Jurisdiction
Waterloo, IA
Days on record
12 days
Aerial view of Northwest corner of Larkspur Drive and Cimmarron Lane, Waterloo, IAApprox — jurisdiction center
Aerial — close view · EsriInteractive map ↓
Street View ↗
01Investment highlights

Why this deal matters

  • Development agreement in Waterloo, IA · Multifamily / Residential
  • Bedrock impact score 3 of 5 — Notable
  • City is actively disposing of municipally-owned infill land with a below-market price point and a minimum assessment agreement
  • Signals a negotiable public-land pipeline worth monitoring for similar upcoming city lot dispositions in Waterloo.
  • On the municipal record 12 days (filed 2026-07-20)
02Deal summary

The rationale

City is actively disposing of municipally-owned infill land with a below-market price point and a minimum assessment agreement — signals a negotiable public-land pipeline worth monitoring for similar upcoming city lot dispositions in Waterloo.

Waterloo City Council is setting a public hearing for August 3, 2026, to approve the sale of 12,157 sq ft of city-owned land at Larkspur Drive and Cimmarron Lane to E&C Investments for $20,000, with a Development Agreement and Minimum Assessment Agreement of $430,000 for construction of a new single-family home.

03Deal facts

The filing record

Jurisdiction
Waterloo, IA
Action type
Development agreement
Asset class
Multifamily / Residential
Applicant
E&C Investments
Status
On municipal record
Filed
2026-07-20
Days on record
12 days
04Location

Where this sits

Approximate — centered on the jurisdiction (no exact street address on file).Esri World Imagery
Northwest corner of Larkspur Drive and Cimmarron Lane, Waterloo, IA
42.49230, -92.35190 · approximate (jurisdiction center)
Street view

At street level

Street view of Northwest corner of Larkspur Drive and Cimmarron Lane, Waterloo, IA
Google Street View · nearest outdoor imagery
Area demographics

Black Hawk County

131,813
Population
$54,774
Median HH income
53,321
Households
$664
Median rent
U.S. Census · ACS 5-year
Nearby amenities

Within ~1 mile

20 Transit
8 Schools
20 Dining
2 Grocery
6 Banks
14 Parks
Points of interest · Google Places
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-07-20
    12 days on record
  2. Scored by Bedrock
    Relevance 3 / 5
    Automated land-use signal
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