Resolutions-2019-089

NOW, THEREFORE, BE IT RESOLVED BY THE OF THE CITY OF TIFFI , IOWA, AS FOLLOWS` 1. Just Compensation for the acqusition of a portion of and/ or an interest in the Property owned by DERS, LLC, is hereby established to be $ 260, 782.48. 2. Just Compensation for the acquisition of a portion and/ or an interest in the Property for Dumont Investments, LLC for its Right of First Refusal is hereby established to be 500. 3. The contact person is hereby directed to submit a copy of the appraisal to DERS, LLC, as required by Section 613. 45, Code of Iowa, and to commence negotiations with DERS, LLC, for the purchase of a portion of the Property needed for the Forevergreen Road Construction Project for the amount of $ 260, 782. 48, which is just compensation therefore established by this Resolution. Whereupon five Council members were present and voted approval and Mayor Berner declared that RESOLUTION NO. 2019- 089, A RESOLUTION ESTABLISHING JUST COMPENSATION ACQUISITION A PORTION OR AN INTEREST IN CERTAIN AL PROPERTY OWNED LLC, AND AMENDING RESOLUTION2019- 079 FOR THE FOREVERGREENCONSTRUCTION PROJECT to be adopted and signified his approval of the same by affixing his signature thereunto. 16t" Passed, approved and adopted this day of July, 2019. City of Tiffin Steven L. Berner, Mayor ATTEST: AshleyPlat , ~ it Cler' hays 2