G-1, I-1 - Resolution 2022-075 - Amended Development Agreement - DERS Development

WAY LINE, 397.76 FEET; THENCE S01°07'24"E, ALONG SAID WEST RIGHT-OF-WAY LINE 700.00 FEET; THENCE S03°59'09"E, ALONG SAID WEST RIGHT-OF-WAY LINE, 200.25 FEET; THENCE S05°24'45"E, ALONG SAID WEST RIGHT-OF-WAY LINE, 401.12 FEET; THENCE S12°26'00"E, ALONG SAID WEST RIGHT-OF-WAY LINE, 203.96 FEET; THENCE S01°07'24"E, ALONG SAID WEST RIGHT-OF-WAY LINE, 300.00 FEET; THENCE S13°48'29"W, ALONG SAID WEST RIGHT-OF-WAY LINE, 310.48 FEET; THENCE S16°03'17"E, ALONG SAID WEST RIGHT-OF-WAY LINE, 158.10 FEET, TO ITS INTERSECTION WITH THE SOUTH LINE OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 27, TOWNSHIP 80 NORTH, RANGE 7 WEST, OF THE FIFTH PRINCIPAL MERIDIAN; THENCE S89°20'11"W, ALONG THE SOUTH LINE OF SAID NORTHWEST QUARTER OF THE NORTHEAST QUARTER, 1148.78 FEET, TO THE SOUTHWEST CORNER THEREOF; THENCE S89°40'17"W, ALONG THE SOUTH LINE OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER OF SAID SECTION 27, A DISTANCE OF 369.54 FEET; THENCE N00°04'34"W, 275.95 FEET, TO THE SOUTHWEST CORNER OF SIMPSON'S FIRST ADDITION, IN ACCORDANCE WITH THE RECORDED PLAT THEREOF; THENCE N89°22'03"E, ALONG THE SOUTH LINE OF SAID SIMPSON'S FIRST ADDITION, 228.06 FEET; THENCE N00°04'34"W, ALONG SAID SOUTH LINE, 114.00 FEET; THENCE N89°24'56"E, ALONG SAID SOUTH LINE, 77.63 FEET; THENCE N00°35'56"W, 355.94 FEET, TO A POINT ON THE NORTH LINE OF SAID SIMPSON'S FIRST ADDITION; THENCE S88°47'21"W, ALONG SAID NORTH LINE, 302.49 FEET, TO THE NORTHWEST CORNER THEREOF; THENCE N09°27'19"W, 290.15 FEET; THENCE N22°47'26"W, 249.51 FEET; THENCE N28°34'15"W, 303.20 FEET; THENCE N19°14'26"W, 50.00 FEET; THENCE S70°45'54"W, 181.75 FEET; THENCE S73°03'00"W, 167.46 FEET; THENCE N16°57'00"W, 103.39 FEET; THENCE S70°45'34"W, 150.74 FEET; THENCE SOUTHWESTERLY, 354.64 FEET, ALONG A 1750.00 FOOT RADIUS CURVE, CONCAVE NORTHWESTERLY, WHOSE 354.04 FOOT CHORD BEARS S76°33'54"W; THENCE N07°37'46"W, 468.90 FEET; THENCE N06°43'24"W, 216.96 FEET; THENCE N19°05'47"E, 163.29 FEET; THENCE N00°17'48"W, 209.08 FEET; THENCE N34°27'42"W, 154.31 FEET; THENCE N27°21'08"W, 182.12 FEET; THENCE N11°27'19"W, 29.36 FEET; THENCE N89°29'44"E, 557.97 FEET; THENCE N00°30'16"W, 730.00 FEET; THENCE N89°29'44"E, 16.32 FEET; THENCE N88°12'50"W, 250.20 FEET; THENCE S89°29'44"W, 176.39 FEET; THENCE N00°30'16"W, 100.00 FEET; THENCE N89°29'44"E, 12.50 FEET; THENCE N03°30'16"W, 330.14 FEET, TO A POINT ON THE NORTH LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 22; THENCE N89°30'03"E, ALONG SAID NORTH LINE, 1543.05 FEET, TO THE POINT OF BEGINNING. SAID URBAN RENEWAL AREA CONTAINS 160.87 ACRES, AND IS SUBJECT TO EASEMENTS AND RESTRICTIONS OF RECORD. Section 5. The City hereby pledges to the payment of the Agreement the DERS Development Subfund and the taxes referred to in Subsection 2 of Section 403.19 of the Code of Iowa to be paid into such Subfund, provided, however, that no payment will be made under the Agreement unless and until monies from the DERS Development Subfund are appropriated for such purpose by the City Council. Section 6. After its adoption, a copy of this resolution shall be filed in the office of the County Auditor of Johnson County to evidence the continuing pledging of the DERS Development Subfund and the portion of taxes to be paid into such Subfund and, pursuant to the