I-4 - Resolution 2021-016 - Approving Escrow Agreement Park Place - Part Seven

RESOLUTION NO. 2021-018 RESOLUTION APPROVING THE ESCROW AGREEMENT FOR PARK PLACE – PART SEVEN Whereas, the Developer, QS Development, 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 are contingent on the following: 1) Park Place Part Seven, 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 2nd day of March, 2021, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson _____ introduced RESOLUTION NO. 2021-016, A RESOLUTION APPROVING THE ESCOW AGREEMENT FOR PARK PLACE – PART SEVEN and made a motion for approval. Motion seconded by Councilperson Bartels. Ayes: Nays: Absent: Whereupon _____ Council members were present and voted approval and Mayor Berner declared that the RESOLUTION NO. 2021-016, A RESOLUTION APPROVING THE ESCOW AGREEMENT FOR PARK PLACE – PART SEVEN to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 2nd day of March, 2021. City of Tiffin ____________________________ Steven L. Berner, Mayor ATTEST: ________________________________ Abigail Hora, City Clerk