Resolutions-2009-19

Resolution No. 2009-20 u, A RESOLUTION AUTHORIZING THE -, ENTERING INTO AN AGREEMENT WITH LMR DEVELOPMENT LLC, AN IOWA LIMITED LIABILITY COMPANY AND' THE CITY OF TIFFIN, IOWA FOR DEVELOPMENT AND IMPROVEMENTS TO LOT45 BIGELOW SUBDIVISION WHEREAS, LMR Development, LLC is owner of Lot #5, Bigelow Subdivision, Tiffin, Johnson County, ; Iowa and has rezoned Lot -#5 for commercial use and development. WHEREAS, the City Council' approved a site and building plan on Lot #5 of the Bigelow Subdivision, Tiffin, Johnson County, Iowa located on Jasper Avenue for the commerci ), building of a Bridal Boutique and. Banquet Hall. r WHEREAS, the City of Tiffin desires land north of Clear Creek for Trail and LMR desires connection to the City of Tiffin water and sanitary sewer services. NOW THEREFORE BE IT RESOLVED, LMR Development will convey a parcel of land to the City of Tiffin north of Clear Creek and the City of Tiffin will waive the sewer and water connection fee in, acceptance of $15,000 payment from LM_ R Development for extension of sanitary sewer service to park area, whereas water service exists in park area. The City of Tiffin* ll extend its Urban Renewal Area to include' Lot 5 and will also designate area as subject to Tax Increment Financing ( TIF) and will make 100% TIF reimbursements to LMR Development for two`consecutive years. 10th On this day of June 2009, at a regular.meeting of the City Council of Tiffin, Iowa Council person Chris Ball introduced Resolution 2009- 20 and made a motion for approval to authorize Mayor and City Clerk to enter into an agreement with LMR Development. The r motion was seconded by Council person Jim Bartels. AYES: Chris Ball, Jim Bartels, Mark Petersen. NAYS: None. ABSENT: Mike Gericketn John Wright. Whereupon, with three votes, Mayor Phillips declared the Resolution 2009-20 be adopted and signified his approval of the same by affixing his' signature thereto. 10TH PASSED AND APPROVED THIS DAY OF JUNE 2009. City of Tiffin cd SiW_ d__Fk6Jce Phil , Mayor t to: Ruth Demuth, City Clerk