I-3 - Resolution 2022-088 - Lot 55, Madden Addition OPD Site District - Developer's Agreement

PLANNED DEVELOPMENT OVERLAY (OPD) SITE DISTRICT AGREEMENT LOT 55, MADDEN ADDITION TIFFIN, JOHNSON COUNTY, IOWA THIS AGREEMENT, made by and between the CITY OF TIFFIN, IOWA, a municipal corporation, hereinafter referred to as "City," and MHB PROPERTIES, LLC, an Iowa limited liability company, hereinafter referred to as the "Subdivider." SECTION 1. REQUEST FOR OPD APPROVAL The Subdivider has requested that the City approve the Planned Development Overlay – Site District (the “OPD”), to include those diagrams attached hereto as Exhibit “A” and incorporated herein by reference, for the subdivision lot known as Lot 55, Madden Addition Tiffin, Iowa (referred to herein as the "Plat") for an OPD area for the following described real estate situated in Tiffin, Johnson County, Iowa (the “Site”), to wit: LOT 55, MADDEN ADDITION TIFFIN, JOHNCON COUNTY IOWA, IN ACCORDANCE WITH THE RECORDED PLAT THEREOF, CONTAINING 6.40 ACRES, AND SUBJECT TO EASEMENTS AND RESTRICTIONS OF RECORD. SECTION 2. CONDITIONS OF OPD APPROVAL, RIGHT TO PROCEED AND DEVELOPMENT REQUIREMENTS A. The City shall approve the OPD with respect to the Site upon the conditions that: 1. The Subdivider agrees that all terms and conditions of the Planned Development Overlay Concept District (OPD) and Developer’s Agreement for Madden Addition recorded in Book 6308, Page 94 on November 8, 2021, in the Records of the Johnson County Recorder, executed by the City and the Subdivider, is fully incorporated herein and applies to the real estate described in Section 1 and remains a lien against the property described in Section 1.