Resolutions-2016-076 (4)

SECTION 14. TIME OF PERFORMANCE Except as provided in this Section, Developer shall install all required public improvements within two (2) years from the date of City approval of this Agreement. Developer is aware of and agrees to be bound by the terms of the Agreement Regarding the Construction of Croell Avenue entered into between the City and Woodfield Ridge, LLC, recorded November 19, 2015, at Book 5447, Page 224. In the event that the Developer fails to install the required public improvements within the above-referenced time, authorization to proceed with the development shall cease, and the Developer shall be required to seek reauthorization and approval of this development. Developer may, however, request an extension of time from the City. If an extension is granted, it may be conditioned upon updating any security posted by the Developer or requiring the Developer to provide security to reflect cost increases and extended completion date. SECTION 15. NOTICES Required notices to the Developer shall be in writing and shall either be hand delivered to the Developer, its agents or employees, or mailed to the Developer by registered mail at the following address: Hochstedler Building & Development LLC Attn: Kevin Hochstedler PO Box 1208 Iowa City, Iowa 52244 Copy To: MMS Consultants Attn: Duane A. Musser 1917 South Gilbert Street Iowa City, Iowa 52240 Notices to the City shall be in writing and shall be either hand delivered to the City Administrator or mailed to the City by registered mail in care of the City Administrator at the following address: Tiffin City Administrator 300 Railroad St., P.O Box 259 Tiffin, IA 52340 Notices mailed in conformance with this section shall be deemed properly given.