J-2 - Resolution 2024-076 - Honey Lane Development Developer's Agreement - Tiffin West

DEVELOPER’S AGREEMENT Tiffin West Phase 1, Ireland Avenue THIS DEVELOPER’S AGREEMENT (this “Agreement”), made by and between the City of Tiffin, Iowa, a municipal corporation, hereinafter referred to as “City,” and Honey Lane Development, LLC, an Iowa limited liability company, hereinafter referred to as “Developer,” and Margaret Shaffer, in her capacity as Trustee of the Trust U/W/O Bessie S. Hagist, Deceased, hereinafter referred to as “Owner.” Developer already owns a portion of the Subdivision, and will acquire the remainder of the Subdivision from Owner. The obligations under this Agreement shall run with the land. Upon Owner transferring title of the Subdivision, Developer shall assume all of Owner’s obligations under this Agreement and Owner shall be released from any and all liability or obligations under this Agreement. SECTION 1. REQUEST FOR PLAT APPROVAL Developer has requested that the City approve the preliminary plat, attached hereto as Exhibit A and incorporated herein by reference, for a proposed subdivision known as Tiffin West Phase 1, Ireland Avenue, Tiffin, Iowa (referred to herein as the “Plat”) for the following described real estate situated in Tiffin, Johnson County, Iowa, to wit: THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 33, TOWNSHIP 80 NORTH, RANGE 7 WEST OF THE 5TH P.M., JOHNSON COUNTY, IOWA, EXCEPT 6 ACRES FOR HIGHWAY PURPOSES. As part of this request, Owner and Developer acknowledge full ownership of the real estate described above. SECTION 2. CONDITIONS OF PLAT APPROVAL AND RIGHT TO PROCEED A. The City shall approve the preliminary plat of this Subdivision upon the conditions that: 1. The final plat(s) will conform to the preliminary plat;