Resolutions-2017-035

DocuSign Envelope ID: 0428A9FA- 91CA-4028-A6DB-4F48ADF274D4 Tiffin/436989-16/HoldHrg & AppDevAgmtAA WAY LINE, 300.00FEET; THENCE S13°48'29"W,ALONG SAID WEST RIGHT-OF- WAY LINE, 310.48FEET; THENCE S16°03'17"E,ALONG SAID WEST RIGHT-OF- WAY LINE, 158.10FEET, TOITS INTERSECTION WITH THE SOUTH LINE OF THENORTHWEST QUARTER OFTHE NORTHEAST QUARTER OFSECTION 27, TOWNSHIP 80NORTH, RANGE 7WEST, OFTHE FIFTH PRINCIPAL MERIDIAN; THENCE S89°20'11"W,ALONG THE SOUTH LINE OFSAID NORTHWEST QUARTER OF THE NORTHEAST QUARTER, 1148.78FEET, TO THE SOUTHWEST CORNER THEREOF; THENCE S89°40'17"W,ALONG THE SOUTH LINE OFTHE NORTHEAST QUARTER OFTHE NORTHWEST QUARTER OF SAID SECTION 27, ADISTANCE OF369.54FEET; THENCE N00°04'34"W,275.95 FEET, TOTHE SOUTHWEST CORNER OFSIMPSON'SFIRST ADDITION, IN ACCORDANCE WITH THE RECORDED PLAT THEREOF; THENCE N89°22'03"E, ALONG THE SOUTH LINE OFSAID SIMPSON'SFIRST ADDITION, 228.06FEET; THENCE N00°04'34"W,ALONG SAID SOUTH LINE, 114.00FEET; THENCE N89°24'56"E,ALONG SAID SOUTH LINE, 77.63FEET; THENCE N00°35'56"W, 355.94FEET, TOAPOINT ONTHE NORTH LINE OFSAID SIMPSON'SFIRST ADDITION; THENCE S88°47'21"W,ALONG SAID NORTH LINE, 302.49FEET, TO THE NORTHWEST CORNER THEREOF; THENCE N09°27'19"W,290.15FEET; THENCE N22°47'26"W,249.51FEET; THENCE N28°34'15"W,303.20FEET; THENCE N19°14'26"W,50.00FEET; THENCE S70°45'54"W,181.75FEET; THENCE S73°03'00"W,167.46FEET; THENCE N16°57'00"W,103.39FEET; THENCE S70°45'34"W,150.74FEET; THENCE SOUTHWESTERLY, 354.64FEET, ALONG A 1750.00FOOT RADIUS CURVE, CONCAVE NORTHWESTERLY, WHOSE 354.04 FOOT CHORD BEARS S76°33'54"W;THENCE N07°37'46"W,468.90FEET; THENCE N06°43'24"W,216.96FEET; THENCE N19°05'47"E,163.29FEET; THENCE N00°17'48"W,209.08FEET; THENCE N34°27'42"W,154.31FEET; THENCE N27°21'08"W,182.12FEET; THENCE N11°27'19"W,29.36FEET; THENCE N89°29'44"E,557.97FEET; THENCE N00°30'16"W,730.00FEET; THENCE N89°29'44"E,16.32FEET; THENCE N88°12'50"W,250.20FEET; THENCE S89°29'44"W,176.39FEET; THENCE N00°30'16"W,100.00FEET; THENCE N89°29'44"E,12.50FEET; THENCE N0°30'16"W,330.14FEET, TO APOINT ON THE NORTH LINE OFTHE SOUTHWEST QUARTER OFSAID SECTION 22; THENCE N89°30'03"E,ALONG SAID NORTH LINE, 1543.05FEET, TOTHE POINT OFBEGINNING. SAID URBAN RENEWAL AREA CONTAINS 160.87ACRES, AND ISSUBJECT TOEASEMENTS AND RESTRICTIONS OFRECORD. Section 5. The City hereby pledges tothepayment oftheAgreement the DERS Development Subfund andthetaxes referred toinSubsection 2ofSection 403.19ofthe Code ofIowa tobepaid into such Subfund, provided, however, that nopayment will bemade under the Agreement unless and until monies from the DERS Development Subfund are appropriated forsuchpurpose bytheCity Council. Section 6. After itsadoption, acopy ofthisresolution shall befiled inthe office of theCounty Auditor ofJohnson County toevidence thecontinuing pledging oftheDERS Development Subfund andtheportion oftaxes tobepaid intosuch Subfund and, pursuant tothe direction ofSection 403.19oftheCode ofIowa, theAuditor shall allocate thetaxes in accordance therewith and inaccordance with thetaxallocation ordinance referred tointhe preamble hereof. 5- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA