HomeMy Public PortalAboutResolutions-2007-71Preparer Information:
Stephen N. Greenleaf, 1402 Willow Creek Court/P013 1757, Iowa City, (319) 351-1056,
CITY OF TIFFIN IOWA RESOLUTION NO.°2007- 71
A RESOLUTION APPROVING PAYMENT BY LDR IOWA CITY, LLC
FOR ITS SHARE OF COSTS FOR IMPROVING ROBERTS FERRY
ROAD AND RELEASING THE OBLIGATION UNDER SECTION 2 OF
THE SUPPLEMENTAL DEVELOPER'S AGREEMENT
WHEREAS, LDR Iowa City, LLC (Subdivider) and the City entered into an
agreement that LDR would pay 1/6 of the costs of improving Roberts Ferry Road
adjoining the subdivision; and
WHEREAS, the City Engineer has reviewed the invoices from the
contractor and for the engineering; and
WHEREAS, the improvements are substantially complete and the costs
identified; and
WHEREAS, the City will benefit from the acceptance of payment in the
requested amount of $86,522.55; and
WHEREAS, by this payment the City will acknowledge the payment as full
and final' payment of the Roberts Ferry Road obligation and release the obligation
set forth in the Supplemental Developer's Agreement.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of Tiffin,
Iowa, that the City accepts payment on behalf of LDR Iowa City LLC in the
amount of $86,522.55 as the full and final payment required under the
Supplemental Developer's Agreement, thereby releasing LDR from any further
obligation under the Agreement.
BE IT FURTHER RESOLVED by the City Council.of Tiffin, Iowa, that the
City hereby certifies that the invoices and supporting materials provided to LDR
in support of the payment are true and accurate.
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BE IT FURTHER RESOLVED that the City hereby releases any claim of
lien or -cloud upon title based upon obligations arising out of the Supplemental
Developer's Agreement relating to Section 2 of that agreement.
ON THE 12th 'day of December, 2007, at a meeting of the Tiffin City Council,
Tiffin, Iowa, Councilperson n; 1.q introduced A
RESOLUTION APPROVING PAYMENT BY LDR IOWA CITY, LLC FOR
ITS SHARE OF COSTS FOR IMPROVING ROBERTS FERRY ROAD
AND RELEASING THE OBLIGATION UNDER SECTION 2 OF THE
SUPPLEMENTAL DEVELOPER'S AGREEMENT and made a motion for
approval. Council person Wright seconded the motion.
Ayes:
Bartels, Dils, Wright and Demuth - t
Nays: None. -Absent: Petersen
Motion carried.
WHEREUPON, the Mayor declared A RESOLUTION APPROVING
PAYMENT BY LDR IOWA CITY, LLC FOR ITS SHARE OF COSTS FOR
IMPROVING ROBERTS FERRY ROAD AND RELEASING THE
OBLIGATION UNDER SECTION 2 OF THE SUPPLEMENTAL
DEVELOPER'S AGREEMENT adopted and signified his approval of the
resolution by affixing his signature below.
PASSED, by the Council on the 12t1f day of December, 2007, and approved
by the Mayor on the. 12th day of December, 2007.
CITY OF TIFFIN:
Glenn R. Potter, Mayor
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Preparer Information: Stephen N. Greenleaf, 1402 Willow Creek Court/POB 1757, Iowa City, (319) 351-1056
CERTIFICATION OF CITY CLERK
STATE OF IOWA )
COUNTY OF JOHNSON )ss.
I, Margaret'B. Reihman, City Clerk of the City of Tiffin, Iowa, do hereby
certify that the attached Resolution is . a true and correct copy of the Resolution
No. 2007-71 that was passed by the City Council of Tiffin, Iowa, at a regular
meeting held on the 12th day of December, 2007, all as the same appears of
record in my office.
Dated at Johnson County,°Iowa, this 27thday of December, 2007.
R -
GARET IHMAN, City
Clerk
STATE OF IOWA )
COUNTY OF JOHNSON )ss.
On this day of December 2007 before me, a Notary Public, in and
for the State of Iowa, personally appeared Margaret B.'Reihman, to me personally
known, and who, being by me duly sworn, did say that she is the city clerk, of the
City of Tiffin, Iowa; and that the instrument was signed on behalf of the
corporation, by authority of its city council, as contained in the resolution
adopted by the city council, and that Margaret B. Reihman acknowledged the
execution of the instrument to be her voluntary act and deed and the voluntary
act and deed of the corporation, by it voluntarily executed.
STEPHEN N. GREENLEAF
Notary Public in and for
the State of Iowa
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