I-3 - Resolution 2021-057 - 28E Agreement for CIPCO Line Cost Share with North Liberty

CHAPTER 28E AGREEMENT BETWEEN THE CITY OF NORTH LIBERTY AND THE CITY OF TIFFIN REGARDING CERTAIN COST OBLIGATIONS FOR THE DESIGN AND RELOCATION OF CENTRAL IOWA POWER COOPERATIVE TRANSMISSION LINE. THIS AGREEMENT is made by and between the City of North Liberty, Iowa, a municipal corporation ("North Liberty"); and the City of Tiffin, Iowa, a municipal corporation ("Tiffin"). North Liberty and Tiffin are collectively referred to as "the Cities" hereinafter. WHEREAS, Tiffin and North Liberty wish to efficiently and effectively promote the orderly development of their shared metropolitan area; and WHEREAS, Tiffin has plans, and is proceeding with its plans, for the extension of and improvement to Forevergreen Road which do not include a roundabout at its intersection with Jasper Avenue/Old Park Road; as shown in Exhibit A and WHEREAS, North Liberty envisions the future construction of a traffic circle roundabout at the intersection of the Cities’ corporate boundaries, substantially as contemplated in the attached Exhibit 1, in furtherance of such orderly development; and WHEREAS, Central Iowa Power Cooperative ("CIPCO") holds a private easement which runs through the center of the proposed intersection, and intended to install a new transmission line over and across said easement; and WHEREAS, the costs of relocating a live transmission line from the intersection via eminent domain are estimated at more than five hundred thousand dollars; and WHEREAS, CIPCO has agreed to redesign its project to route the transmission line into public right of way, instead of its private easement, at the request of the Cities, and incurred certain costs for doing so, which will not exceed forty thousand dollars; and WHEREAS, the Cities wish to enter into an agreement to reimburse CIPCO for the relinquishment of certain of its real property rights and costs incurred, and to allocate the costs for compensating CIPCO among themselves.