I-8 - Resolution 2025-058 - Updated 80-380 Commerce Park Developer's Agreement - 80-380 Commerce Park Addition

RESOLUTION NO. 2025-058 A RESOLUTION APPROVING THE UPDATED DEVELOPER’S AGREEMENT WITH 80/380 COMMERCE PARK LLC, TIFFIN, IOWA Whereas, Brain Engineering, Inc., on behalf of 80/380 Commerce Park, LLC, has filed with the City of Tiffin a preliminary plat for 80/380 Commerce Park Addition, a subdivision to the City of Tiffin, Iowa, legally described on the attached Exhibit hereby incorporated; and, Whereas, Resolution 2025-042 was approved by City Council on April 15, 2025, approving the preliminary plat for said development; and, Whereas, the updated Developer’s Agreement will include any and all particulars to the approved preliminary plat for the 80/380 Commerce Park Addition, Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa, that the Attorneys representing 80/380 Commerce Park, LLC, and the City of Tiffin have reviewed and have taken under consideration all requested revisions to be made by the City Council of Tiffin. The City Council now having further reviewed the Developer’s Agreement and do now approve the Agreement as printed and authorize the Mayor and City Clerk to enter into an agreement with 80/380 Commerce Park, LLC, to fully execute the document. On the 20th day of May, 2025, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson _____ introduced RESOLUTION NO. 2025-058, A RESOLUTION APPROVING THE UPDATED DEVELOPER’S AGREEMENT WITH 80/380 COMMERCE PARK LLC, TIFFIN, IOWA and made a motion for approval. Motion seconded by Councilperson _____. Ayes: Nays: Absent: Whereupon _____ Council members were present and voted approval and Mayor Kasparek declared that RESOLUTION NO. 2025-058, A RESOLUTION APPROVING THE UPDATED DEVELOPER’S AGREEMENT WITH 80/380 COMMERCE PARK LLC, TIFFIN, IOWA to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 20th day of May, 2025. City of Tiffin ____________________________ Tim Kasparek, Mayor ATTEST: ________________________________ Abigail Hora, City Clerk