Approval of Agreement to Vacate Underground Electric Easement – Homemakers — E.4

Prepared By: Alexandria A. Greim, Mark Gray Law, PLC, 416 SW 3 rd Street, Ankeny, IA 50023 (515) 964-3633 Return To: Alexandria A. Greim, Mark Gray Law, PLC, 416 SW 3 rd Street, Ankeny, IA 50023 (515) 964-3633 AGREEMENT TO VACATE UNDERGROUND ELECTRIC EASEMENT This Agreement to Vacate Underground Electric Easement is effective as of the ____ day of ______________, 2026. RECITALS: WHEREAS, Homemakers Plaza, Inc. (“Owner”) is the owner of the following described real estate: Lot 1, Homemakers Plat 1, an Official Plat, City of Tiffin, Johnson County, Iowa. AND WHEREAS, Owner and the City of Tiffin (“City”) entered into that certain Underground Electric Easement Agreement, executed on December 23, 2025 and recorded with the Plat of Homemakers Plat 1, in the Johnson County Recorder’s Office at Book 6723, Pages 593-635 (the “Easement”); with the Easement specifically located at Page 632 therein. AND WHEREAS, Owner and the City have agreed that this Easement is no longer necessary, that the location of the Easement needs to be moved, and therefore the Easement as shown on the Plat should be vacated, and a new underground electric easement filed of record. AND WHEREAS, the parties desire to vacate and release the Easement. NOW THEREFORE, in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration in hand paid, Owner and the City hereby agree as follows: 1. The Easement, as shown within the Final Plat of Homemakers Plat 1, is hereby vacated, released and extinguished and shall be of no further force or effect. 2. Owner and the City are contemporaneously herewith filing a new Underground Electric Easement to provide the required access. 1