Named for railroad construction engineer Chester Thomas Dike, who chose the site and laid out the town in 1900, Dike offers a small-town atmosphere with the convenience of the Waterloo/Cedar Falls metro area.   Residents enjoy the simplicity, friendliness and low-stress environment that a small town offers. What sets this community apart from many others, is its proximity to the jobs, shopping, recreation and entertainment offered in the Waterloo/Cedar Falls area.