HomeMy WebLinkAbout1989-10-24 ResolutionRESOLUTION NO. Rg_75g
RESOLUTION ENTERING INTO A LEASE AGREEMENT WITH NEIGHBORHOOD
CENTERS OF JOHNSON COUNTY, IOWA, FOR THE OPERATION OF A
NEIGHBORHOOD CENTER FACILITY ON CiN PROPERTY.
WHEREAS, the City of Iowa City acquired a parcel of property located at 2105 Broadway
Street, through a land exchange; and
WHEREAS, the City acquired the property in order to facilitate the construction and operation
of a neighborhood center for the benefit of the community; and
WHEREAS, Neighborhood Centers of Johnson County, Iowa ("Center") is desirous of operating
a neighborhood center for the benefit of the public; and
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WHEREAS, the City believes that a long-term• lease agreementwith the City would best
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accomplish the above -stated purposes; and
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WHEREAS, the parties have negotiated terms for a proposed lease agreement for the operation
of the community neighborhood center,
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NOW, THEREFORE, BE IT RESOLVED BY THE CIN COUNCIL OF THE CITY OF IOWA CIN,
IOWA:
That the Mayor and the City Clerk be and are hereby authorized, empowered and directed to
execute,a lease agreement with Neighborhood', Centers o1 Johnson County, -Iowa, for the I
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operation of a community neighborhood center facility.
It was moved by Ambri sco and seconded by Courtney the Resolution be
adopted, and upon roll call there were:
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AYES: NAYS: ABSENT:
X Ambrisco
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X Balmer
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X Courtney
T_ Horowitz
X Kubby
X Larson
McDonald
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Passed and approved this 74th day of October 1989.
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AYOR
Approved as to Form
ATTEST:
CI CLERK Legal Department
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AGREEMENT
THIS AGREEMENT, made and entered into by and between the
City of Iowa City, Iowa (hereinafter referred to as the
"City"), and the Neighborhood Centers of Johnson County,
Iowa, (hereinafter referred to as the "Center"). -i
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WHEREAS, the City believes it would be in the best interest i
of the public to have a community neighborhood center to
provide programs and activities for low-income persons; and
WHEREAS, the Center is desirous of operating such a
neighborhood center for the benefit of the public; and I
WHEREAS,
the City is in agreement to provide property I for
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such a
facility in order to accomplish the above stated
purposes
and in consideration for the use of the City
property
the Center will aquire such a facility and operate
a neighborhood center.
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NOW THEREFORE, the City and the Center do hereby, agree as
follows:
1.
The Center agrees to acquire a neighborhood
-center facility ('Facility"), constructed on
City property. The land on which the
neighborhood center facility will be built,
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will 'remain in the name of the City,
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("Property").
2.
The City will leasethe Property to the
Center for a period of fifty (50 years,
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with an option to renew the lease for
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another. ten (10) year period. _In the. event
this lease isnot renewed, the City.and'the
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Center agree to have 'the Property and
Facility appraised, by a mutually agreed
upon qualified appraiser, and further agree
to sell the Property and Facility. The
proceeds of the sale will be divided by,the'
parties with the City receiving the
appraisal value of the Property and the j
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Center receiving the appraised value of the
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Facility. Any money received, in excess of
the appraised value, will be divided by the i
parties equally.
3.
In consideration of the City allowing the j
Center to buildthe neighborhood center
Facility on City Property, the Center agrees
to operate the neighborhood center Facility
for the benefit of the public and
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specifically for the benefit of low-income
persons in Iowa City, at no or low cost to
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such persons. In the event that it is
determined that a charge or a fee must be
made for a particular special event or
activity, such charge will be based on each
individual's ability to pay as set out in
the schedule of fees to be developed by the
Center. j
The Center agrees that any change or
alteration of the scope or nature of use,
expansion or reduction of activities or
services will be subject to approval by the
City Council of the City of Iowa City.
In further consideration, the center shall
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provide a variety of programs, services, and
activities for low-income persons at no cost
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or low cost as set out in paragraph 3 above.
Such programs and, activities :will :include,
but are not limited to child care,.parenting
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workshops, informal counseling, recreational
activities, information and' referral
services. The, Center will fulfillthese
purposes and provide such services in a
manner satisfactory to,the City.
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The Center will maintain and operate the
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buildings and grounds in compliance with all
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City ordinance and State Code provisions,
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including City Zoning ordinances. The
Center' will maintain and operate the
buildings' and grounds in'a clean, safe' and
sanitary manner.
The Facility to be acquired by the Center
will be required to pass, all. City
inspections and obtain an occupancy permit
upon completion of the Facility. The City
agrees to release the CDBG funds, not to
exceed $50,000' to the Center upon
completion of the neighborhood center
Facility and upon obtaining a certificate
that the building meets ' all city and state
building, safety and occupancy codes.
The Center will obtain insurance and keep
same in effect during the time in which the
Center operates the neighborhood center
Facility. The insurance obtained by the
Center will be in the amount of not less
than $300,000 personal injury, $100,000
property damage, and will name the City as
an additional insured. The Center will
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notify the City thirty (30) days in advance
of any change in the amount or coverage of
the insurance.
9. The Center shall be responsible to the City
for the actions of the tenants and
participants.
lo. The City shall not be held liable or 1
responsible for the maintenance, operation,
expenses or funding of the. Center or the
facility, with the exception of the CDBG
Funding noted in Paragraph 7 above. The
Center further agrees to hold harmless the
City, itsofficers, employees and agents
from any and all liability, causes of
action, claims and actions as a result of
the operation, ,existence, placement or I I'
activities of the Center or its Facility. 'I!
11. The Center will not, nor will it attempt to;
sell,, transfer or; in any wayconvey its
Facility or property or any interest
therein, to any person, or,.party, ,.without the i
prior notice to and written consent of the
City. The Center will not sub -lease or i
assign the lease on this Facility, without 1
the prior written consent of the City. �I
12. The,City shall.have the right and authority, i
upon at least three ' (3 ) days' notice to the
Center, to examine the Center's financial
records or data, supporting documentation
and other records pertaining to the use and
operation of the Center. The. Center will
maintain such records for a period of not
Tess than three (3) years.
13. All changes to this Agreement must be in
writing, signed by both parties.
14. This Agreement may be terminated by the City
if the Center fails to comply with any,
provision as set out above or if the center
fails to correct any violation with thirty
(30) days after it is brought to the
Center's attention. Upon termination of
this Agreement the Facility and Property
shall be disposed of in accordance with
paragraph 2 o this Agreement.
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15. If the Center ceases to exist or if it no
longer is capable or willing to provide the
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services as outlined in this Agreement or if
the Center does not have the funding
necessaryto continue its operation., the
building and property will be disposed of in
accordance with paragraph 2 above. i
BY:
uy
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ATTEST:
City, Clerk
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ACKNOWLEDGEMENT
STATE OF IOWA )
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JOHNSON COUNTY )
On this 20th dayof December ,1989 _,beforeme, Gina
Heick , a Notary Public in and for said State, personally appeared John
McDonald and Marian K Karr, to me personally known, who being by me duly sworn, did say
that they are the Mayor and City Clerk, respectively, of said municipal corporation executing y
the within and foregoing Instrument; that the seal affixed hereto is the seal of said municipal i
corporation, and that the said John McDonald and Marian K Karr acknowledged the execution Ii
of said Instrument to be the voluntary act and deed of said municipal corporation, by it and
by them voluntarily executed.
CldoiAi
Notary Public In and for Johnson County, Iowa
On this day of 19 before me, the undersigned,
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a Notary Public in and for the State of Iowa, personally appeared
and < to me personally known, who being by me duly sworn,
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didsaythattheyarethe and
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respectively, of the corporation executing the foregoing instrument; that (no seal has:
been procured by) (the seal affixed hereto Is the seal of) the corporation; that the instrument'
was signed (and sealed) on behalf of the corporation by authority Wits Board of Directors; that
and acknowledged the execution
of the instrument to be the voluntary act and deed of the corporation and of the fiduciary, by i
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it, by them and as fiduciary voluntarily executed.
RESOLUTION NO. A4_ 56
RESOLUTION AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE
AND THE CITY CLERK TO ATTEST AN AGREEMENT WITH NEUMANN
MONSON, P.C., ARCHITECTS, FOR THE PROVISION OF ARCHITECTURAL,
ENGINEERING, AND PLANNING SERVICES IN CONJUNCTION WITH THE
DESIGN OF A PARKJSPORTS COMPLEX ADJACENT TO THE NEW
WASTEWATER TREATMENT PLANT SOUTH OF IOWA CITY.
WHEREAS, In conjunction with the construction of the new wastewater treatment plant, south
of Iowa City, the City did acquire a 160 acre tract of land for said purpose; and
WHEREAS, the wastewater treatment plant site comprises 51 acres of said 160 acre parcel;
and
WHEREAS, the City's long-term plans for the development of said 160 acre parcel include the
development of a park/sports complex on the remaining 109 acre tract; and
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WHEREAS, the City Parks and Recreation Commission and the City Parks and Recreation
Department did circulate a request for, proposals for the design of said park/sports: complex
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and did Interview a number of architects and consultants in conjunction therewith; and
WHEREAS, it Is the recommendation of the City Parks and Recreation Commission and the
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City Parks and Recreation Department that the City of Iowa City enter into a contract with
Neumann Monson, P.C., Architects, for the provision of architectural services for the schematic
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designphase of the project to construct a park/sports complex upon said 109 acre tract; and
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WHEREAS, an Agreement for architectural services has been negotiated with Neumann
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Monson, P.C., for the provision of said services; and
WHEREAS, the City Council has been advised and does believe that it would be in the best
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interests of the City of Iowa City to enter into and execute said Agreement.
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NOW, THEREFORE, BE, AND IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY
OF IOWA CITY, IOWA, that the "Agreement Between Owner and Architect for the Provision of
Architectural Services," attached hereto and by this reference made a part hereof, be, and the
same is hereby approved as to form and content.
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AND BE IT FURTHER RESOLVED that the Mayor and City Clerk be, and they are hereby
authorized and directed to execute and attest, respectively, said Agreement for and on behalf
of the City o1 Iowa City, Iowa.
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Resolution No. 89-256
Page 2
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It was moved by Balmer and
seconded by
Ambrisco
the
Resolution be adopted, and upon roll call
there were:
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AYES: NAYS:
ABSENT:
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x—Balmer
Ambrisco
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Courtney
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X
Horowitz
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X
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Kubby
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Larson
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McDonald
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Passed and approved this 24th day of
October
1989.
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Form
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-U CLERK• .�
Legal Department
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AGREEMENT
BETWEEN OWNER AND ARCHITECT
FOR THE PROVISION OF ARCHITECTURAL SERVICES
Made as of the 24th day of October in the year of Nineteen
Hundred and Eighty Nine.
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BETWEEN:
the Owner: City of Iowa City
Iowa City, IA
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and the Architect: Neumann Monson, P.C.
226 South Clinton Street
Iowa City, IA 52240
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FOR THE FOLLOWING PROJECT:
Construction of a Park/Sports Complex adjacent to the new
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wastewater treatment plant south of Iowa City.
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SCOPE OF SERVICES:
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Neumann Monson, P. C:, in cooperation with MMS Consultants and
Leisure Concepts and. Design,; Inc.,, shall ,provide all
architectural, engineering and park planning services as
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required for Part I; the Schematic Design Phase, of the work.
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- (Refer to AIA Document B141 Article 2, 2.2, Schematic Design
Phase herein). The work to be performed shall be as defined
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in the Request for. Proposal Letter and Project Description and
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include an ,appropriate program, project :budget, drawings
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(including typical elevations);" soil investigations, contours,
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and other documents illustrating the scale and relationship
of project components. The Architect will work closely with
the designated planning committee and meet with the City Council
and "Parks: and Recreation Commission as requested:All work
under this agreement will be completed before February 1, 1990.
The City's financing of the project will depend, upon a. favorable
vote by the electorate on a general obligation bond issue to
be held on a date determined by, the City, Council. The Architect
will assist the owner as requested in preparation of data and
information for this referendum. In the event the. general
obligation bond issue vote is negative, compensation to the
Architect will be paid as defined below and no further work
undertaken.
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RESOLUTION NO. 89-257
RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AN AGREE-
MENT WITH MIKE FURMAN BUILDERS FOR TEMPORARY USE OF PUBLIC
RIGHT-OF-WAY AT 612 SOUTH CAPITOL STREET.
WHEREAS, the City approved the Large Scale Residential Development Plan for Capitol View
Apartments Two ("Capitol View Two") located at 612 South Capitol Street in Iowa City, Iowa,
which provides for construction of a building on the property lines abutting South Capitol and
Prentiss Streets; and
WHEREAS, Furman is the builder for Capitol View Two, and wishes to secure the construction
site against pedestrian and vehicular traffic, while obtaining off-site storage for construction
equipment and vehicles so as not to interfere with traffic safety; and
WHEREAS, City acknowledges the need to provide off-site storage for construction equipment
to permit construction of Capitol View Two on the property line fronting a public street; and
WHEREAS, it is in the public Interest to assure a safe construction site at a properly, safe I
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distance from traffic so as not to impede traffic, or endanger lives or property; and I
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WHEREAS, an Agreement for Temporary Use of Public Right-of-Way containing such conditions
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has been prepared and is attached to this Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA
CITY,
IOWA, THAT: , I
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The Agreement for Use of Public Right-of-Way attached hereto is in the public interest,
and is approved as to form and content;
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2. The Mayor is authorized to execute and the City Clerk to attest the Agreement for
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AGREEMENT
This Agreement is made between Michael L. Furman, dba Furman & Company, Builders
("Furman") and the City of Iowa City, Iowa, a municipal corporation ("City").
WHEREAS, the City approved the Large Scale Residential Development Plan for Capitol View
Apartments Two ("Capitol View Two") located at 612 South Capitol in Iowa City, Iowa, which
provides for construction of a building on the property line abutting South Capitol Street and
Prentiss Street; and
WHEREAS, Furman is the builder for Capitol View Two, and wishes to secure the construction
site against pedestrian and vehicular traffic, while obtaining off-site storage for construction
equipment and vehicles so as not to interfere with traffic safety; and
WHEREAS, Parties acknowledge the need to provide off-site storage of construction equipment
in order to construct Capitol View Two on the property line abutting two public streets; and
WHEREAS, the Parties acknowledge the City's need to assure a safe construction site at a
properly safe distance from traffic, so as not to impede traffic or endanger lives or property. .
NOW, in mutual consideration of the promises herein, Parties agree as follows:
1. In consideration for temporary use of City right-of-way abutting property located at 612
South Capitol during construction of Capitol View Apartments Two, Furman agrees to
provide temporary fencing along the South Capitol and Prentiss Street frontages In the.
form of easily -removable panels, Furman further agrees to secure the construction site
against pedestrian and public traffic by fencing off the entire street frontages abutting
612 South Capitol, as shown on the Final LSRD Plan excepting, however, the area
west of the east property line of Capitol Street and north of the south line of Prentiss
Street. Furman agrees this fencing will also extend to the depths of the City's right-
of-way from the curb to the property lines, or approximately 30 feet.
2. Furman agrees to provide and keep in place and in good working condition the
following signage:
a. Rerouting pedestrians at the Intersection of Lafayette and South Capitol to the
south; the intersection of Prentiss and South Capitol to the north; and the
intersection of Prentiss and Clinton Streets to the east.
b. "Construction Ahead" signs to the south of the construction site on Capitol
Street, and east of the construction site on Prentiss Street.
3. In consideration for Furman securing Capitol View Two's construction site from traffic
by fencing and signage, City agrees to eliminate all street parking abutting 612 South
Capitol Street along Prentiss and South Capitol Streets for a temporary period until
construction Is complete.
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4. City further agrees that Furman shall be permitted to use the rights-of-way extending
from the curb to the property lines abutting 612 South Capitol Street and along both
Prentiss and South Capitol Streets for the temporary storage of cranes, forklifts,
concrete pumps and other construction vehicles and/or heavy construction equipment,
as Furman may from time to time need during the period of construction.
5. Furman agrees to restore these 30400t rights-of-way from curb to the property line
along South Capitol Street and along Prentiss Street to its pre -construction condition,
and to the City's satisfaction after construction Is completed.
6. Parties agree this Agreement shall be in effect from the date of execution, until
construction is completed or the building is occupied whichever is earlier. Parties agree
this Agreement may be extended or modified only upon the written consent of both
Parties; and that this Agreement is the entire agreement, and is not assignable.
7. In the event of breach of this Agreement, City may, in its discretion, elect to give notice
to Furman to remove all construction equipment and/or obstructions from the City rights-
of-way along 612 South Capitol, as provided in Section 364.12, Iowa Code (1987); and
In the event Furman does not comply within the time period designated in the Notice
to remove, City may elect to remove, or direct removal, of the equipment and/or any -- -
other obstructions from the rights-of-way, and to assess the cost of such removal
against the property as provided In Section 364.12(e), Iowa Code.
8. Furman agrees to indemnify, defend and hold the City harmless against any and all
claims arising out of this Agreement, including any claims and/or liability which the City
may incur as a result of its decision to permit temporary storage of construction
equipment along the City's rights-of-way abutting 612 South Capitol
9. During the period of this Agreement, Furman shall, at its own expense, procure and
maintain all-risk liability Insurance. Uability coverage shall include contractual Insurance
as well as comprehensive form Insurance, and shall provide coverages of not less than
$250,000 bodily injury per person, $500,000 bodily injury per occurrence, and $100,000
property damage. Proof of insurance shall be shown to the City by furnishing a copy
of the certificate of Insurance Issued by an insurance company licensed to do business
In the state of Iowa. The certificate of Insurance shall include a statement guaranteeing
that the insurance company shall notify the City within 30 days of non -renewal or
termination of said policy.
10. Notices herein shall be given by ordinary mail, and shall be directed to the following
parties:
City of Iowa City, Iowa Furman & Company, Builders
410 E. Washington St. 615 Highway 1 West
Iowa City, Iowa 52240 Iowa City, Iowa 52246
Attn: Chuck Schmadeke, Attn: Michael L. Furman
Director of Public Works
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STATE OF IOWA )
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JOHNSON COUNTY)
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On this o� (o� day of �l��ti tci/ i9 C-9_2 , before me, the undersigned,
a Notary Public in and for said County, in said State, personally appeared Michael L Furman,
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to me known to be the identical person named in and who executed the within and foregoing
Instrument, and acknowledged that he executed the same as his voluntary act and deed.
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Not Public In and for the State of Iowa
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RESOLUTION
TION NO.-
89 258
RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AND THE CITY
CLERK TO ATTEST A SUBORDINATION AGREEMENT BETWEEN THE CITY
OF IOWA CITY, IOWA, AND UNIVERSITY OF IOWA COMMUNITY CREDIT
UNION.
WHEREAS, the City of Iowa City Is the owner and holder of a certain forgivable rehabilitation
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loan which at this time is in the amount of $12,245 executed by the owner of 820 Hudson
Avenue, dated March 19, 1987, and recorded March 25, 1987 in Book 925, at Page 123 in the
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Johnson County Recorder's Office covering the following described real estate:
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Lot 5 in Bailey's and Beck's Addition to Iowa City, Iowa, according to the
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recorded plat thereof.
WHEREAS, University of Iowa Community Credit Union, Johnson County, Iowa, is about to loan
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the sum of $10,000 on a promissory note to be executed by the owner of 820 Hudson Ave,
secured by a mortgage covering the real estate described above, and
WHEREAS, University of Iowa Community Credit Union has requested that the City execute the
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attached subordination agreement thereby making said rehabilitation loan held by the City
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subordinate to the lien of said mortgage about to be made by University of Iowa Community
Credit, Union, andfly
WHEREAS, there is sufficient value in the above-described real estate to secure said rehabilila-
tion loan as a third lien.
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NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF IOWA ,
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CITY, IOWA:.
That the Mayor is authorized to execute and the City Clerk to attest said attached Subordina-
tion Agreement between the City of Iowa City and University of Iowa Community Credit Union
of Iowa City, Johnson County, Iowa
It was moved by Ratmor and seconded by Ambrisco the Resolution be
adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
_X Ambrisco
X Balmer
X Courtney
^(_ Horowitz
Kubby
X Larson
X McDonald
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Resolution No. 89-258
Page No. 2
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Passed and approved this 94th day of nrtnhar
1989.
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Approved as to Form
ATTEST: h&A,eO -2e.
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C CLERK
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SUBORDINATION AGREEMENT
AGREEMENT made this 24th day of Ortnhpr 1989 , between
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the City of Iowa City, Johnson County, Iowa, herein referred to as the
City, and JEFF KERN of Iowa City, Johnson County, Iowa.
IT IS AGREED AS FOLLOWS:
WHEREAS, the City is the owner and holder of a certain rehabilitation
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loan which at this time is in the amount of $ 12,425.00 executed by
JEFF KERN y
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dated March 19th 19 87 , .and recorded March 25th , 19 87.,"
in Book 925 at page 123 in ,the Johnson County Recorder's Office.
covering the following described real estate:
"Lot'Five (5) in Bailey 6 Beck's Addition to Iowa City,
.Iowa, ,according tothe recorded plat'thereof.'.
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WHEREAS, U of I Community Credit Union is about to loan the sum of
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$ 10,000.00- on a promissory note to be executed by " JEFF KERN (only)
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secured by a mortgage covering the real
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estate described, and
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WHEREAS, to induce a of I Community Credit Union to make such loan it is
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necessary that the rehabilitation loan held by the City be subordinated to
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the lien of the mortgage about to be made by U of I Community Credit Union
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For the reasons "set forth above, and in consideration of the mutual
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covenants and promises of the parties hereto, the City agrees as follows:
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notice of the mortgage and acknowledges it as a lien superior to thee
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L Subordination, The City hereby covenants and agrees with
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JEFF KERN that the above-mentioned rehabilitation loan
rehabilitation loan of the City. allowing future not
amount of $10, 000.00, with any unpaid balance due at
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held by the City is and shall continue to be subject and subordinate to
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the lien of the mortgage about to be made by U of I Community credit union
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' t. This agreement shall be bindin
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2..Consideration. In consideration of the City of Iowa City
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subordinating the rehabilitation loan held by it to be the mortgage of
the benefit of the, respective heirs, legal representatives, successors,
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U of I Community Credit Union shall make the above-mentioned loan to
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and assigns of the parties hereto.
- JEFF KERN (only)
3. Mortgagee. The mortgage.to u of i community Credit Union., shall
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be in the amount of #10,000.00 with interest at12.25 percent due and
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bl 72 monthly installments and the City. herebyacknowledges the
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CITY Of IOWA CITY
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notice of the mortgage and acknowledges it as a lien superior to thee
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*The mortgage is open-end with a 120 -month maturity,
increases to exceed the original
rehabilitation loan of the City. allowing future not
amount of $10, 000.00, with any unpaid balance due at
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maturity
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' t. This agreement shall be bindin
4. -Binding effec
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the benefit of the, respective heirs, legal representatives, successors,
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and assigns of the parties hereto.
CITY Of IOWA CITY
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ATTEST:
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Ci ty Clerk
JTl Jivil V iv
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RESOLUTION NO. 89-259
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RESOLUTION AUTHORIZING EXECUTION OF A REVISED ANNUAL
CONTRIBUTIONS CONTRACT WITH THE DEPARTMENT OF HOUSING AND
URBANDEVELOPMENT, PROJECT #IA-05-VO22-008.
WHEREAS, the City of Iowa City (herein called the "Local Authority") proposes to enter into a
revised contract (herein called the "Annual Contributions Contract") with the United States of
America (herein called the "Government") with respect to any "Project" as defined in the Annual
Contributions Contract and which at any time now or hereafter is incorporated under the terms
of such Contract.
BE IT RESOLVED BY THE LOCAL AUTHORITY as follows:
Section f.. The Annual Contributions Contract in substantially the form of contract hereto
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attached and marked "Exhibit A" is hereby approved and accepted both as to form and
substance and the Mayor or Mayor Pro tem is hereby authorized and directed to execute said
Contract in four copies on behalf of the Local 'Authority, and the City Clerk is hereby
authorized and directed to Impress and attest the official seal of the Local Authority on each
such counterpart and to forward said executed counterparts, or any of them, to the
Government, together with such other documents evidencing the approval and authorizing the
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execution thereof as may be required by the Government.'
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Section 2. Whenever the following terms, or any of them, are used In this Resolution, the
same, unless the context shall indicate another or different meaning or intent, shall be
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construed, and are intended to have meanings as follows:
II(1)
The term "Resolution" shall mean this Resolution•
(2) All other terms used in this Resolution and which are defined in the revised Annual
Contributions Contract shall have the respective meanings ascribed thereto in the
revised Annual Contributions Contract.
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Section 3• All resolutions or parts of resolutions heretofore adopted by the Local Authority
which authorize the Issuance and/or delivery of Advance Notes (sometimes called "Advance
Loan Notes") pursuant to the revised Annual Contributions Contract remain in full force and
effect.
Section 4. This Resolution shall take effect immediately.
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It was moved by Amhr;crnand seconded by k„h
the Resolution be
adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
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X i t
Ambrlsco
X
. Balmer
X Courtney
X
” Horowitz
-x— Kubby
—x Larson
X _ McDonald
Passed end approved this 74th day of October 1989.
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Approved as to Form
ATTEST: s9 1'
C CLERK Legal
Department
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