Resolution No. 2026-005 – A Resolution Approving the Partial Acquisition and Temporary Easement Required for the Iowa DOT Highway 6 Improvement Project (STPN--006-7(100)--2J-52)

PURCHASE AGREEMENT Parcel Number: 4 County: Johnson Project Number: STPN-006-7(100)-2J-52 Route Number: U.S. 6 Seller: City of Tiffin, Iowa THIS AGREEMENT entered into this ________ day of ____________, by and between, Seller and the Iowa Department of Transportation, acting for the State of Iowa, Buyer. 1. The Seller agrees to sell and furnish to the Buyer a conveyance document, on form(s) furnished by the Buyer, and the Buyer agrees to buy the following real estate, hereinafter referred to as the premises, in parts of the following: (Parcel A): Lot "A" of Reeve's Addition Part One, an official plat in and forming a part of the City of Tiffin, as shown on Acquisition Plat Exhibit "A" Plat 1 of 5, attached hereto, (Parcel B): Auditor's Parcel 99002 and part of the NE1/4 of the SW1/4 of Section 27, Township 80 North, Range 07 West of the 5th P.M, in and forming a part of the City of Tiffin. As shown on Acquisition Plat Exhibit "A" Plat 2 of 5, attached hereto, (Parcel C): A parcel of land located in SW1/4 of Section 27, Township 80 North, Range 07 West of the 5th P.M., in and forming a part of the City of Tiffin, Iowa. As shown on Acquisition Plat "A" 3 of 5, attached hereto, (Parcel D): A parcel of land located in SW1/4 of Section 27, Township 80 North, Range 07 West of the 5th P.M., in and forming a part of the City of Tiffin, Iowa. As shown on Acquisition Plat "A" 4 of 5 attached hereto, (Parcel E): A parcel of land located in Outlot 'B' of Tiffin East, an official plat in and forming a part of the City of Tiffin. As shown on Acquisition Plat "A" 5 of 5, attached hereto, all in County of Johnson, State of Iowa, and more particularly described on pages 5-9, Acquisition Plats Exhibits "A", (plats labeled 1,2,3,4,5), including the following buildings, improvements and other property: All land, trees, shrubs, landscaping and surfacing attached to the premises sought and described herein 2. The Buyer agrees to pay, and the Seller agrees to grant, the right of possession, convey title and surrender physical possession of the premises as shown on or before the dates listed below: <table> <tr> <th>Payment Amount</th> <th>Agreed Performance</th> <th>Date of Performance</th> </tr> <tr> <td></td> <td>On conveyance of title</td> <td></td> </tr> <tr> <td></td> <td>On surrender of possession</td> <td></td> </tr> <tr> <td>$6,125.00</td> <td>On possession and conveyance</td> <td>90 days after Buyer approval</td> </tr> <tr> <td>$6,125.00</td> <td>Total Lump-Sum Amount</td> <td></td> </tr> </table>