Resolutions-2025-032

Tiffin / 436959- 49 / Hold Hrg & App Dcv Agin( AA Thence 50 foot radius 01 feet, along said East Line on a 292. Southeasterly 177. curve, concave Northeasterly, whose 32 foot chord bears S18° 174. 41' 35" E; Thence S53° 58' 13" W, along said East Line, 50 182. feet; Thence 07" S07° 49' W, 39 feet, to the Southeast Comer thereof; Thence along said East Line, 175. 53" along the South Line of said Auditor' N82° 10' W, s Parcel 2019059, a distance of 236. 49 feet; Thence N61°09" 54' W, 04 feet, to the along said South Line, 18. POINT OF BEGINNING. Said Tract of Land contains 3. 95 Acres, and is subject to easements and restrictions of record. Section 5. The City hereby pledges to the payment of the Agreement the Park 3, LLC 19 of the Code of Iowa to be Subfund and the taxes referred to in Subsection 2 of Section 403. paid into such Subfund, provided, however, that no payment will be made under the Agreement unless and until monies from the Park 3, LLC Subfund are appropriated for such purpose by the City Council. Section 6. copy of this resolution shall be filed in the office of After its adoption, a the County Auditor of Johnson County to evidence the continuing pledging of the Park 3, LLC Subfund and the portion of taxes to be paid into such Subfund and, pursuant to the direction of 19 of the Code of Iowa, the Section 403. County Auditor shall allocate the taxes in accordance therewith and in accordance with the tax allocation ordinance referred to in the preamble hereof. Section 7. All resolutions or parts thereof in conflict herewith are hereby repealed. Passed and approved April 1, 2025. Attest: 6- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA 42 5966' 26- 37' 4910-