I-8 - Resolution 2025-043 - 80-380 Commerce Park Developer's Agreement - 80-380 Commerce Park Addition

1. All streets shown on the plat will be constructed of concrete paving with concrete curb and gutter, which will be shown on the construction plans, to be approved by the City Engineer, and will be dedicated to the City. 2. The Subdivider shall provide for the installation of all electric lines, street lights, gas mains, telephone lines and other utility facilities that are necessary at the Subdivider’s sole cost. 3. Any decorative street lighting shall be approved by the City and installed at the Subdivider’s sole cost. 4. At such time as building construction occurs on a “Lot” (as defined in the Tiffin Subdivision Ordinance), but in no event later than five (5) years from the date the final subdivision plat of any portion of the Subdivision in which any given Lot is located is recorded with the Johnson County, Iowa Recorder, the Subdivider shall install sidewalks in the any given Part abutting said Lots located within any given Part per the widths approved on the plat, in accordance with the plans and specifications of the City, and subject to inspections by the City Engineer or designate, unless otherwise shown on the plat or otherwise specified in this agreement. The sidewalk to be installed south of Village Dr, between Lot 4 and S Park Road, shall be installed by the owner of Lot 4 when building construction occurs on Lot 4. 5. The Subdivider shall submit to the City, for approval by the City Engineer, a storm water management plan which will identify the drainage of the Subdivision and specify the manner in which storm water, drainage and runoff will be accommodated. The Subdivider agrees to dispose of all storm water through the approved storm water and drainageway system as set forth in the storm water management plan. The design and construction of the storm water detention basin(s) shall be in compliance with the City’s current storm water management ordinances and policies and shall be constructed on Lot 3, and Lot 4 and Lot 7 as shown on the plat. 6. The Subdivider shall provide any water, sewer, utility and drainage easements as shown on the approved final plat. 7. Any wells shall be abandoned in accordance with applicable local, state and federal laws and regulations. 8. Subdivider acknowledges that portions of Lot 3, Lot 4 and Lot 7 will be storm water detention areas and will be subject to storm water detention easements providing for types of detention basins as approved by the City Engineer. The Subdivider may create an owners’ association, which would have the sole responsibility of maintaining the storm water detention areas on Lot 3 and Lot 4 and Lot 7. The City shall have no obligation for the maintenance of any portion of Lot 3, Lot 4, or Lot 7. If the Subdivision owners, or an association, fails to maintain the storm water detention areas on Lot 3, Lot 4, or Lot 7, the City may assess each lot in the Subdivision equally for any maintenance costs in the same manner as property taxes and without further notice. Formatted: Font color: Black, Not Expanded by / Condensed by 4. 3