Resolutions-2019-111

Property immediately before and immediately after the acquisition of a portion of the Property needed for the Project. AND WHEREAS, the City of Tiffin, Iowa now desires to establish just compensation for the acquisition of a portion of and/ or an interest in the Property. NOW, THEREFORE, BE IT RESOLVED BY THE OF THE CITY OF TIFFIN, IOWA, AS FOLLOWS: 1. Just Compensation for the acqusition of a portion of and/ or an interest in the Property owned by the City of Coralville with reverter rights John Powell Rarick and Robert Rarick as Trustees of the Trust created in the Last Will and Testament of Ruth E. Rarick, Deceased, is hereby established to be $ 41, 300. 2. Just Compensation for the acquisition of a portion of and/ or an interest in the Property for the existing leasehold interest, if any, is hereby established to be$ 500. 3. The contact person is hereby directed to submit a copy of the appraisal to the City of Coralville with reverter rights to the John Powell Rarick and Robert Rarick as Trustees of the Trust created in the Last Will and Testament of Ruth E. Rarick, Deceased, as required by Section 613. 45, Code of Iowa, and to cornmence negotiations with the City of Coralville with reverter rights to the John Powell Rarick and Robert Rarick as Trustees of the Trust created in the Last Will and Testament of Ruth E. Rarick, Deceased, for the purchase of a portion of the Property needed for the Forevergreen Road Construction Project for the amount of 41, 300, 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- 111, A RESOLUTION ESTABLISHING JUST COMPENSATION FOR ACQUISITION OF A PORTION OR AN INTEREST IN CERTAIN REAL PROPERTY OWNED BY THE CITY OF CORALVILLE WITH REVERTER RIGHTS TO THE JOHN POWELL RARICK AND ROBERT RARICK AS TRUSTEES OF THE TRUST CREATED IN THE LAST WILL AND TESTAMENT OF RUTH E. RARICK, DECEASED, FOR THE FOREVERGREEN CONSTRUCTION ROAD PROJECT to be adopted and signified his approval of the same by affixing his signature thereunto. Is' Passed, approved and adopted this day of October, 2019. City of Tiffin Steven L. Berner, Mayor ATTEST: Abig ail`lvora, Interim City Clerk 2