Resolution No. 2026-053 – A Resolution Approving Third Amended Development Agreement with DERS Development, LLC and DERS Tiffin, LLC, Authorizing Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement — I-3

Tiffin/436989-57/App Amend Dev Agmt AA DESCRIPTION - EXCEPTION #1 Commencing at the Southeast Corner of the Southwest Quarter of the Southwest Quarter of Section 22, Township 80 North, Range 7 West, of the Fifth Principal Meridian, Tiffin, Johnson County, Iowa; Thence N01°19'17"W, along the East Line of said Southwest Quarter of the Southwest Quarter, 713.88 feet, to the POINT OF BEGINNING; Thence S88°38'36"W, 49.58 feet; Thence N01°21'24"W, 159.45 feet; Thence N88°38'36"E, 424.66 feet; Thence S01°21'24"E, 78.96 feet; Thence Southeasterly, 177.01 feet, along a 292.50 foot radius curve, concave Northeasterly, whose 174.32 foot chord bears S18°41'35"E; Thence S53°58'13"W, 182.50 feet; Thence N36°01'47"W, 230.71 feet; Thence S88°38'36"W, 145.69 feet, to the POINT OF BEGINNING. Said Exception #1 contains 2.28 Acres, and is subject to easements and restrictions of record. DESCRIPTION - EXCEPTION #2 Commencing at the Southeast Corner of the Northeast Quarter of the Southwest Quarter of Section 22, Township 80 North, Range 7 West, of the Fifth Principal Meridian, Tiffin, Johnson County, Iowa; Thence N01°21'28"W, along the East Line of said Northeast Quarter of the Southwest Quarter, 180.44 feet; Thence S88°38'36"W, 430.30 feet, to the Northeast Corner of Park Place City Center - Part One, Phase Three, in accordance with the Plat thereof Recorded in Plat Book 64 at Page 13 of the Records of the Johnson County Recorder's Office, and the POINT OF BEGINNING; Thence continuing S88°38'36"W, along the North Line of said Park Place City Center - Part One, Phase Three, a distance of 447.55 feet; Thence N01°21'24"W, along said North Line, 47.17 feet; Thence Northwesterly, 134.72 feet, along a 425.06 foot radius curve, concave Southwesterly, whose 134.16 foot chord bears N10°26'11"W; Thence Northwesterly, 79.77 feet, along a 374.94 foot radius curve, concave Northeasterly, whose 79.62 foot chord bears N13°25'18"W; Thence N88°38'36"E, 485.36 feet, to a Point on the West Right-of-Way Line of Park Road; Thence S01°21'24"E, along said West Right-of-Way Line, 257.50 feet, to the POINT OF BEGINNING. Said Exception #2 contains 2.72 Acres, and is subject to easements and restrictions of record. DESCRIPTION – EXCEPTION #3 Commencing at the Southwest Corner of the Northwest Quarter of the Northeast Quarter of Section 27, Township 80 North, Range 7 West, of the Fifth Principal Meridian, Tiffin, Johnson County, Iowa; Thence N89°20’11”E, along the South Line of said Northwest Quarter of the Northeast Quarter, 39.72 feet, to the Southeast Corner of Auditor’s Parcel 2018125, in accordance with the Plat thereof Recorded in Plat Book 62 at Page 314 of the Records of the Johnson County Recorder’s Office, and the POINT OF BEGINNING; Thence Northeasterly, 117.13 feet, along the East Line of said Auditor’s Parcel 2018125 on a 740.00 foot radius curve, concave Southeasterly, whose 117.00 foot chord bears N03°56’07”E; Thence Northeasterly, 136.12 feet, along said East Line, and the West Line of Auditor’s Parcel 2019017, in accordance with the Plat thereof Recorded in Plat Book 63 at Page 120 of the Records of the Johnson County Recorder’s Office, on a 860.00 foot radius curve, concave Northwesterly, whose 135.98 foot chord bears N03°56’07”E; Thence N00°35’56”W, along said East and West Lines, 590.27 feet; Thence Northwesterly, 638.59 feet, along said East Line, said West Line, the West Line of Auditor’s Parcel 2019093, in accordance with the Plat thereof Recorded in Plat Book 63 at Page -7- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA