Resolution 2025-080 - A Resolution Authorizing the entering into a Developer’s Agreement with Homemakers Plaza, Inc., Tiffin, Iowa, for the Final Plat of Homemakers Plat 1

DEVELOPER’S AGREEMENT This Developer’s Agreement (the “Agreement”) made by and between the City of Tiffin, Iowa, a municipal corporation (the “City”), and Homemakers Plaza, Inc., an Iowa corporation (the “Developer”). RECITALS 1. Developer is the owner of certain real estate situated in Tiffin, Johnson County, Iowa legally described as shown on the attached, Exhibit A (hereinafter, the “Subdivision”), and will soon begin construction of commercial buildings thereon. 2. Pursuant to Section 5.13(U)(ix) of the Subdivision ordinance of the City, the Developer and City desire to memorialize the terms, obligations and benefits regarding the Developer’s development of the Subdivision. REQUEST FOR PLAT APPROVAL The Developer has requested that the City approve the final plat of Homemakers Plat 1, attached hereto as Exhibit B, and incorporated herein by this reference (hereinafter the “Plat”). CONDITIONS OF PLAT APPROVAL AND RIGHT TO PROCEED The City shall approve the Plat of the Subdivision upon the following conditions: 1. The Developer enters into, and abides by, this Agreement. 2. The Developer agrees that this Agreement shall be a covenant running with the land and shall be binding upon the present and future owners of the Subdivision. DEVELOPMENT REQUIREMENTS AND IMPROVEMENTS 1. Development Standards. The Subdivision shall be developed according to the Plat and the plans and specifications as approved by the City. All construction plans shall be approved before the commencement of any work in accordance with the Plat. 2. Sidewalks. At such time as building construction occurs, but in no event later than five (5) years from the date of the final subdivision plat filing is recorded with the Johnson County, Iowa Recorder’s office, the Developer shall install sidewalks along Park Road and Oakdale Blvd pursuant to the sidewalk widths as stated or required by the City, and in accordance with the plans and specifications of the City, and subject to inspections by the City Engineer or designated representative. 3. Stormwater Management. The parties acknowledge that both the City’s engineers and the Developer’s engineers continue to evaluate the best course of action in addressing stormwater, drainage and runoff within the Subdivision. Following approval of the Plat, and in cooperation with the City’s efforts, the Developer shall submit to the City, -2-