Resolutions-2025-010

the roundabout. This retained right- of- way is intended to be of sufficient size to avoid potentially assisting Coralville' s desire to annex the Trust property to the northwest. Coralville will be responsible for the cost of the Jasper Project. Coralville agrees that it will not seek a contribution for the project cost from the Trust or Clint Rarick. Any subsequent cost issues shall be determined by Coralville, the Trust and Clint Rarick. While Coralville is otherwise responsible for the entire cost of the Jasper Project, Tiffin will acquire any necessary construction easements from properties that will remain within its boundaries but border the improved south Jasper Avenue to the west. These shall be acquired prior to any conveyance of the property outlined in Paragraph 2 above back to the Trust. Coralville' s City Attorney and City Engineer shall prepare such necessary construction easements and plats, subject to approval by City of Tiffin, which approval shall not be unreasonably withheld. The Jasper Project will be designed to normal Coralville design standards and will comply with Statewide Urban Design and Specifications ( SUDAS). Coralville agrees that the lots on the west side of south Jasper Avenue may access the road consistent with Coralville' s and Tiffin' s normal access policies. Coralville agrees to allow lots in Tiffin which abut Jasper Avenue to have access to Jasper Avenue, with the understanding two lots may have a shared access onto Jasper Avenue. Once built, Coralville will maintain the road itself or otherwise negotiate responsibility for the same through a 28E Agreement or similar arrangement. Coralville is free to place a sign on the newly - constructed roundabout indicating that what has been described herein as south Jasper Avenue is within the City of Coralville. Coralville and the Trust and Clint Rarick will agree separately to a mutually beneficial and acceptable timeline for design and construction of the project. Coralville and the Trust and Clint Rarick acknowledge their shared desire to have the project completed when the property to the east of Jasper Avenue is ready to be developed. The parties also acknowledge their shared desire to have the project built adequately the first time, as opposed to building the project and then having to reconstruct it differently to accommodate the ultimate development. 4. Rarick and Trust Attorney Fees: Within 30 days after execution of the releases and dismissals contemplated herein, Tiffin will pay Clint Rarick and the Trust $ 525, 000 to reimburse them for a portion of their attorney' s fees incurred in the subject cases, and related litigation. See