HomeMy Public PortalAboutResolution 2020-19, Approve Addendum 2 For Woods Estates Of Riverdale Development Agreement Regarding Time Allowed Install Public ImprovementsApril 23, 2020
Woods Construction LLC
4016 Thomas Point
Davenport, Iowa 52807
Seth,
Enclosed is your copy of Resolution 2020-19, Resolution To Approve The Addendum 2 For Woods
Estates Of Riverdale Development Agreement Regarding The Time Allowed To Install Public
Improvements. Your Attorney, Jay Summers, must file this with the Scott County Recorder.
Thank you,
Mary Frances Blevins
Deputy Clerk, City of Riverdale
City of Riverdale. Iowa
110 Manor Drive, Riverdale, Iowa 52722 I (563) 355-2511 www.riverdaleiowa.com
RESOLUTION 2020-19
RESOLUTION TO APPROVE THE ADDENDUM 2 FOR WOODS
ESTATES OF RIVERDALE DEVELOPMENT AGREEMENT
REGARDING THE TIME ALLOWED TO INSTALL PUBLIC
IMPROVEMENTS
WHEREAS, the City Council of the City of Riverdale ("City") has entered into an
Agreement with Woods Construction and Development Inc for the residential
subdivision known as Wood's Estates of Riverdale and this agreement is dated October
10, 2017; and,
WHEREAS, the agreement states in Section 2.2 (k) that all public improvements
will be installed by December 31, 2020, and,
WHEREAS, the City understands that this timeline is not feasible or beneficial to
the project or City; and,
WHEREAS, the City Council, wants to make reasonable changes to the
development agreement that will give the project the best chance of success; and,
NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
RIVERDALE, SCOTT COUNTY, IN THE STATE OF IOWA:
Approves the Addendum 2 which is attached as Exhibit A that extends the time
to install public improvements in the Woods Estates Subdivision.
PASSED AND APPROVED this 25th day of February, 2020.
Mic el Bawden, or
ATTEST:
W/Gta-/
Mary Frces Blevins, City Clerk
City of Riverdale,Iowa 110 Manor Drive,Riverdale, Iowa 52722•(563)355-2511 •www.riverdaleiowa.com
WHEREAS certain unavoidable delays have occurred
causing delay in meeting the aforementioned December 31,
2020 timeline, and;
WHEREAS, the Developer has completed phase 1 of the
Development, and;
WHEREAS, the parties further recognize that due to
the aforementioned unforeseeable delays, new timelines of
completion of said Development shall be effectuated and
incorporated into the Agreement.
WHEREAS, the City and Developer have agreed that
further clarifications and changes to the circumstances of
the parties regarding Phase completion timelines have
occurred that necessitates an Addendum to said Private
Development Agreement, and;
THEREFORE, the parties agree that Section 2.2(k) of
the Agreement shall read as follows:
1. Barring any Unavoidable Delays and/or real
estate market conditions; Developer shall have completed
construction of the Public Improvements for Phase 2 on or
before December 31, 2021, Developer shall have completed
construction of the Public Improvements for Phase 3 on or
before December 31, 2022, Developer shall have completed
construction of the Public Improvements for Phase 4 on or
WOODS CONSTRUCTION AND DEVELOPMENT, INC.
Seth Woods, President
STATE OF IOWA
SS:
SCOTT COUNTY
On this hi' day of EabiatT, 2020, before me, the
undersigned, a Notary Public in and for State of Iowa,
personally appeared Seth Woods, to me personally known, who
being by me duly sworn did say that he is the President of
said corporation, executing the within and foregoing
instrument and said instrument was signed on behalf of said
corporation by authority of its Board of Directors and that
he, as such officer, acknowledged the execution of said
instrument to be the voluntary act and deed of said
corporation, by it and
him voluntarily execut
Notary Publ In and For Said County and State
ANGELINE CARBER
Commission Number 817462
My Commission Expires
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STATE OF IOWA
SS
COUNTY OF SCOTT
HE CIT • RIVERDALE, IOWA
Michael Bawden, Mayor
'245
On this _ day of , 2020, before me, the
undersigned, a Notary Public in and for said County and State
personally appeared Michael Bawden to me known to be the persons
named in and who executed the foregoing instrument and acknowledged
that they execute the samei , r voluntary act and deed.
GEORGE TODD MI�L2f'(Y Public d For Said County and State
Commission No. 824
My Commission E it
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