I-3 - Resolution 2023-007 - Approving Escrow Agreement Prairie village Part 3 Phase 1

RESOLUTION NO. 2023-007 A RESOLUTION APPROVING THE ESCROW AGREEMENT FOR PRAIRIE VILLAGE PART 3, PHASE 1 Whereas, Iowa Development Group, Inc., has requested the City enter into an escrow agreement prior to completion of the all the improvements in the subdivision and required by the subdivision, and; Whereas, the final plat is found to conform with all of the requirement of the City’s Ordinances and Subdivision Agreement with the exceptions noted in the escrow agreement, attached, and; Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa that the Mayor and City Clerk are hereby authorized to execute the documents necessary to approve the final plat as submitted and as approved by the Engineer and City Attorney, but, as a condition of its approval, the approval of the final plat is contingent on the following: 1) Iowa Development Group executing the attached escrow agreement; 2) Execution by the Subdivider and other necessary parties of all other documents required by the Subdivision Ordinance or Subdivision Agreement, including easement agreements. The final plat may not be recorded and no lots may be transferred until these contingencies have been completed. On the 17th day of January, 2023, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson _____ introduced RESOLUTION NO. 2023-007, A RESOLUTION APPROVING THE ESCROW AGREEMENT FOR PRAIRIE VILLAGE PART 3, PHASE 1 and made a motion for approval. Motion seconded by Councilperson _____. Ayes: Nays: Absent: Whereupon _____ Council members were present and voted approval and Mayor Berner declared that the RESOLUTION NO. 2023-007, A RESOLUTION APPROVING THE ESCROW AGREEMENT FOR PRAIRIE VILLAGE PART 3, PHASE 1 to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 17th day of January, 2023. City of Tiffin ______________________________ Steven L. Berner, Mayor ATTEST: _______________________ Abigail Hora, City Clerk