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HomeMy WebLinkAbout1988-11-01 ResolutionRESOLUTION NO. 88-218 RESOLUTION ACCEPTING THE SANITARY SEWER AND PAVING IMPROVEMENTS FOR CAMBRIA COURT, PART 2 WHEREAS, the Engineering Division has certified that the following improvements have been completed in accordance with the plans and specifications of the City of Iowa City: Sanitary sewer improvements that include 146 feet of 8 inch diameter VCP, and one manhole for Cambria Court, Part 2 as constructed by Dick Cole Construction Co. of Iowa City, Iowa. AND WHEREAS, maintenance bonds have been filed in the City Clerk's office, NOW THEREFORE BE IT RESOLVED by the City Council of Iowa City, Iowa, that said improvements be accepted by the City of Iowa City. It was moved by Ambrisco and seconded by Horowitz that the resolution as read be adopted, and upon roll call there were: AYES: NAYS: ABSENT: x AMBRISCO BALMER x COURTNEY x HOROWITZ x LARSON j x McDONALD Passed and approved this 1st day of November, 1988. MAY —yy �/ AQPI�gYEfyi 0 ORM ATTEST: //lnun.�.>�`Cq✓i/ � �!%� 7�%W CITY CLERK Legal Department CITY OF IOWA CITY CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319) 356-500D ENGINEER'S REPORT October 26, 1988 Honorable Mayor and City Council Iowa City, Iowa Dear Honorable Mayor and Councilpersons: I hereby certify that the construction of the improvements listed below has been completed in substantial accordance with the plans and specifications of the Engineering Division of the City of Iowa City. The required maintenance bond is on file in the City Clerk's office. Sanitary sewer improvements that include 146 feet of 8 inch diameter VCP, and one manhole for Cambria Court, Part 2 as constructed by Dick Cole Construction Co. of Iowa City, Iowa. I hereby recommend that the above -referenced improvements be accepted by the City of Iowa City. R 1 ectfull syL�itted, C Z7�2n6//%1Lr�� Frank K. Farmer, P.E. City Engineer 39LIP T City of Iowa City MEMORANDUM Date: October 18, 1988 To: The Honorable Mayor and City Council From: James 8rachtel, Traffic Engineer Re: Parking Prohibition on Olive Court As directed by Section 23-16 of the Municipal Code of Iowa City, this is to advise you of the following action: ACTION: Pursuant to Section 23-234 of the Municipal Code of Iowa City, the City Traffic Engineer will direct the installation of NO PARKING CORNER TO HERE on the west side of Olive Court from its intersection with Myrtle Avenue to a point 30 feet south of Myrtle Avenue. The prohibition will be on the west side of Olive Court. This action will take place on or shortly after ! November 2, 1988. COMMENT: The neighborhood of Olive Court incurs transient parkers due to the addition of new buildings in the University of Iowa's west campus. The prohibition noted above will improve the sight distance for vehicles attempting to enter Myrtle Avenue from Olive Court at all hours of the day. i bdw2-2 I I �oa�� OCT 18 1988 MARIAN K. KARR CITY CLERK (3) City of Iowa City MEMORANDUM Date: October 26, 1988 i To: The Honorable Mayor and City Council From: James Brachtel, Traffic Engineer Re: Loading Zone on Church Street West of Dodge Street As directed by Section 23-16 of the Municipal Code of Iowa City, this is to advise you of the following action: ACTION: Pursuant to Section 23-288 of the Municipal Code of Iowa City, the City Traffic Engineer will direct the installation of a passenger loading zone on the south side of Church Street. The passenger loading zone will be located between the east and west driveways to Horace Mann School. All other parking prohibitions adjacent to the loading zone will remain as i they are currently posted. This action will take place on or shortly after November 9, 1988. COMMENT: This action is being taken to provide a place for the discharge of elementary school age children adjacent to Horace Mann School. 1 bwl-2 I I i I �aa�D OCT 2 61988 MARIAN K. KARR CITY CLERK (3) /S 9S s City of Iowa City MEMORANDUM Date: October 26, 1988 To: The Honorable Mayor and City Council From: James Brachtel, Traffic Engineer Re: Left Turn Designation at Boyrum Street/U.S. Highway 6 As directed by Section 23-16 of the Municipal Code of Iowa City, this is to advise you of the following action: ACTION: Pursuant to Section 23-198 of the Municipal Code of Iowa City, the City Traffic Engineer will direct the installation of signs at the intersection of Boyrum Street/U.S. Highway 6 so that vehicles entering the intersection from the left hand lane of both the north and southbound legs of Boyrum Street will be required to turn left. The right hand lane for both north and southbound will be reserved for straight through and right turn movement. This action will take place on or shortly after November 9, 1988. COMMENT: This action is being taken to organize the flow of north and southbound traffic at the intersection. bwl-1 �oR�0 ACCT 2 61988 MARIAN K. KARR CITY CLERK (3) 1596 RESOLUTION NO. RESOLUTION AMENDING THE COMPREHENSIVE PLAN UPDATE BY CHANGING THE LAND USE CLASSIFICATION OF PROPERTY LOCATED AT 528 & 530 IOWA AVENUE AND 15 N. JOHNSON STREET FROM RESIDENTIAL AT A DENSITY OF 25+ DWELLING UNITS PER ACRE TO MIXED LAND USE. WHEREAS, the City's Comprehensive Plan is a statement of goals and policies for the community; and WHEREAS, in order to be an effective guide for a vital community, the Plan is flexible and amendable within the context of set goals and objectives described within the Plan; and WHEREAS, the subject properties are located in a transitional area at the eastern fringe of the downtown, such that, the area west of Johnson Street has been in a gradual state of transition from older, established single- family residential neighborhoods to a mixed land use pattern; and WHEREAS, the Comprehensive Plan indicates that areas designated for Mixed Land Use are viewed as transitional areas between high density residential neighborhoods and strictly commercial uses; and WHEREAS, in order to maximize the locational suitability of land uses according to existing land uses and trafficways, Johnson Street would serve as a more suitable and appropriate transition between the mixed land uses to the west and residential land uses to the east; and WHEREAS, based upon the preceding findings, the City Council of Iowa City, Iowa, hereby determines that changing the land use classification of the subject property from Residential at a density of 25+ dwelling units per acre to Mixed Land Use falls within the context of the goals and objec- tives of the Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, THAT: 1. The Short -Range Development Plan Map of the Comprehensive Plan be amended by changing the land use shown for 528 & 530 Iowa Avenue and 15 N. Johnson Street from Residential at a density of 25+ dwelling units per acre to Mixed Land Use. 9 Resolution No. Page 2 It was moved by and seconded by the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: Ambrisco Balmer Courtney Horowitz Larson McDonald Passed and approved this day of 1988. MAYOR Approved as to Form ATTEST: �k 1 2e yJ CITY CLERK Lega Departmen i '- RESOLUTION NO. 88-219 RESOLUTION APPROVING AND AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE AND ATTEST, RESPECTIVELY, ADDENDUM NO. 3 TO AGREEMENT FOR PROFESSIONAL ENGINEERING AND PROJECT MANAGEMENT SERVICES, BY AND BETWEEN THE CITY AND METCALF & EDDY, INC., ALL IN CONNECTION WITH IOWA CITY'S WASTEWATER FACILITIES IMPROVE- MENTS PROJECT. WHEREAS, the City and M&E did, on and as of June 17, 1986, execute and enter into a contract entitled "AGREEMENT BETWEEN THE CITY OF IOWA CITY AND METCALF & EDDY, INC. FOR PROFESSIONAL ENGINEERING AND PROJECT MANAGE- MENT SERVICES (hereinafter "the contract"), pursuant to which M&E agreed to design certain improvements to the City's wastewater collection and treatment system, to manage the construction of said improvements, to provide overall project management services to assure that said improve- ments were constructed so that the City's wastewater system would meet Federal and State wastewater discharge requirements, and to make its best effort to complete required facilities, within the timeframes specified by Federal and State regulatory agencies [Federal Environmental Protection Agency (EPA) and Iowa Department of Natural Resources (IDNR)) and set forth in the Master Project Schedule as provided in Section 3 of the contract; and WHEREAS, the City and M&E have negotiated the terms of an Addendum to said contract, herein designated as "Addendum No. 3 to Agreement for Profes- sional Engineering and Project Management Services," pursuant to which the parties have agreed: (a) To incorporate accepted value engineering recommendations into the plans and specifications, and (b) To revise contract documents relative to EPA construction grant requirements, and (c) Perform additional plan modifications relative to bid packaging, storm sewer incorporation and minor realignments of the sewer routes. WHEREAS, this City Council has been advised and does believe that it would be in the best interests of the City of Iowa City to execute the said Addendum No. 3. NOW, THEREFORE, BE, AND IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA: That "Addendum No. 3 to Agreement for Professional Engineering and Project Management Services," attached hereto and made a part hereof, is hereby approved as to form and content. AND BE IT FURTHER RESOLVED that the Mayor and City Clerk be, and they are hereby authorized and directed to execute and attest, respectively, the said Addendum No. 3 for and on behalf of the City of Iowa City, Iowa. /6.0 It was moved by Balmer and seconded by Ambrisco the Resolution be adopted, an upon rol call there were: AYES: NAYS: ABSENT: X Ambrisco R Balmer X Courtney X Horowitz X Larson X McDonald Passed and approved this 1st day of November , 1988. YOR App o e as t Form ATTEST: C C K Legal Department /Ga3 ADDENDUM NO. 3 TO AGREEMENT FOR PROFESSIONAL ENGINEERING AND PROJECT MANAGEMENT SERVICES This ADDENDUM to the AGREEMENT made and entered into by and between the City of Iowa City, Iowa, a municipal corporation (hereinafter referred to as "the City" or "the Owner") and Metcalf & Eddy, inc., a Delaware corporation (hereinafter referred to as "M&E"), this 1st day of November , 1988. Witnesseth: WHEREAS, the City of Iowa has entered into an AGREEMENT with M&E, dated June 17, 1986, for Professional Engineering and Project Management Services in connection with Iowa City Wastewater Facility Improvements; and WHEREAS, it is in the City's interest to modify portions of the major interceptors and relief sewers, a part of the wastewater facility improvements, under the terms of Section 8.1 of said AGREEMENT, in order to facilitate the most efficient and appropriate funding from the State of Iowa and Federal Environmental Protection Agency, and WHEREAS, M&E has proposed to perform such Extra Work relative to the design of the major interceptors and relief sewers. Now therefore, the City and M&E do hereby agree to amend said AGREEMENT to reflect the following extra work: 1. Incorporate Accepted Value Engineering (VE) Recommendations: The parties agree that M&E will provide the necessary design services to incorporate the accepted Value Engineering recommendations relative to the project, as defined in the City's response report dated October 3 , 1988, into the previously completed design documents. 2. Revise Contract Documents Relative to Construction Grant Requirements• In recognition that the City desires to obtain construction grant funding for a portion of the major inceptors and relief sewers, the parties agree that M&E will provide the following additional services: A. M&E agrees to modify the previously completed contract documents to incorporate provisions required by the Iowa DNR to make the contract documents eligible for construction grants to be awarded for all or portions of the sewer projects. i I 1 B. M&E agrees to meet with staff of Iowa DNR to review eligibility determination of the projects. A maximum of two meetings is covered by this amendment. 3. Additional Plan Modifications: In recognition that the City desires to have certain modifications made to the previously completed contract documents relative to the major interceptors and relief sewers, the parties agree that M&E will provide the following ! plan modifications: A. Develop contract document sections related to Construction Grant eligibility requirements, bidding requirements, and contract forms for the sludge force main. City staff will develop the Division 1-16 specifications and drawings, compile the complete contract documents and provide registered engineer's - seal for this construction contract. B. Repackage major interceptors and relief sewers contracts into two separate construction contracts: 1. Major and Relief Sewers 2. Benton Street Sewer C. Realign portions of the Southeast Interceptor specifically related to the South Ralston Creek Segment - Phase I, Snyder Creek Segment - Section C, and Benton Street Interceptor. D. Incorporate storm sewer design into contract documents for the Southeast Inceptor specifically related to the South Ralston Creek Segment - Phase II, inclusive of all resulting sanitary sewer design modifications and realignment associated with this work. E. Provide descriptions of new required easements in sufficient detail to enable City to develop and prepare plats and legal descriptions. Extra work to be performed under the terms of items 2A and 3.4 of this ammendment suitable for DNR review will be delivered to the City on or before November 11, 1988. Revised documents incorporating all remaining extra work to be performed under the terms of this amendment suitable for DNR review will be delivered to the City on or before November 29, 1988. 2 The parties further agree that compensation for the extra work performed under this amendment to the AGREEMENT shall be on a lump sum basis, broken down as follows: Incorporation of Accepted VE Recommendations ......................... $ 25,000.00 Document Revision Relative to Construction Grants ...................................$ 13,200.00 Additional Plan Modifications ............... $ 27,100.00 TOTAL $ 65,300.00 Payment for above extra work shall be due to M&E within fifteen days of DNR approval of the modified contract documents. Except for the additions contained in this amendment, the terms and conditions of the AGREEMENT, executed on June 17, 1986, as amended by Addendem No.l, executed on April 21, 1987 and Addendum No. 2, executed on March 8, 1988, shall remain in full force and effect. Executed as a sealed instrument on the day and year first written above. THE CITY OF IOWA CITY: By?oh—nMCDO—nap Mayor ATTEST: Marian K. Karr, City Clerk Received and Approved by the Legal Department: By: Date: METCALF & EDDY, I C. BM/� X-44 dward K. 4g an ce-President 3 i i } i I The parties further agree that compensation for the extra work performed under this amendment to the AGREEMENT shall be on a lump sum basis, broken down as follows: Incorporation of Accepted VE Recommendations ......................... $ 25,000.00 Document Revision Relative to Construction Grants ...................................$ 13,200.00 Additional Plan Modifications ............... $ 27,100.00 TOTAL $ 65,300.00 Payment for above extra work shall be due to M&E within fifteen days of DNR approval of the modified contract documents. Except for the additions contained in this amendment, the terms and conditions of the AGREEMENT, executed on June 17, 1986, as amended by Addendem No.l, executed on April 21, 1987 and Addendum No. 2, executed on March 8, 1988, shall remain in full force and effect. Executed as a sealed instrument on the day and year first written above. THE CITY OF IOWA CITY: By?oh—nMCDO—nap Mayor ATTEST: Marian K. Karr, City Clerk Received and Approved by the Legal Department: By: Date: METCALF & EDDY, I C. BM/� X-44 dward K. 4g an ce-President 3 i i } STATE OF IOWA ) SS: JOHNSON COUNTY) On this 1st day of November , 1988, before me, a Notary Public in and for the State of Iowa, personally appeared John McDonald and Marian K. Karr, to me personally known, and who, being by me duly sworn, did say that they are the Mayor and City Clerk, respectively, of the City of Iowa City, Iowa, an Iowa municipal corporation; that the seal affixed to the foregoing Agreement is the seal of said City; that said instrument was signed and sealed on behalf of said City by authority of its City Council, and that John McDonald and Marian K. Karr, as such officers, acknowledged the execution of said instrument to be the voluntary act and deed of said City by it and by them voluntarily executed. Given under my hand and seal of office,this 1st day of November , 1988. Aw"a ('i Nt ry Public in and for the State of Iowa 4 CERTIFICATE OF ASSISTANT SECRETARY I, Barbara A. LoVuolo, hereby certify that I am the Assistant Secretary of Metcalf & Eddy, Inc., a Delaware Corporation, and that the following resolution was duly adopted at a meeting of the Board of Directors of the said Corporation held in Wakefield, Massachusetts, on September 21, 1987, at which a quorum was present and voting throughout: RESOLVED: that any officer of this Corporation or other designated employees, except where otherwise required by law, be, and each of them is, hereby authorized to sign and deliver and, if and as appropriate, affix the corporate seal to and acknow- ledge any proposal or contract with any individual, partnership, corporation, association, government or any subdivision or agency of any government for the performance of professional services by this Corporation or incidental to or related to the per- formance of any such services. 1, further certify that the foregoing resolution has not been modified or rescinded and remains in full force and effect on this 18th day of October, 1988. I, further certify that the present Officers of Metcalf & Eddy, Inc. mentioned in the foregoing resolution are as follows: President & Chief Executive Officer Regional Vice Presidents Robert G. Bening John Dedyo William L Durham Edward K. Fagan Charles E. Pound Ben Taguchi Jekabs P. Vittands /6a3 Senior Vice Presidents Vice Presidents 2 George A. Bicher Stephen L. Bishop Joseph L. Boren David P. Bova Marilyn Bracken John G. Chalas J. C. Goldman Merna Hurd George K. Tozer James Anderson John A. Arthur Richard L. Ball, Jr. Anthony N. Borowiec George C. Bottger Olivia L. Chen Neville K. Chung James C. DeLaura Ibrahim Elsammak Allen F. Goulart Eugene S. Grafton Edward M. Greco Richard D. Howard Lawrence P. Jaworski George Kaneko Terry L. Krause James Kumagi John A. Lager Joseph P. Madden Norman E. Ross, Jr. Francis Sanpei Richard C. Sperandio r 3 Vice President/Chief Finanical Officer Dana S. Brigham Vice President/General Counsel/ Secretary Associates W. Robson Googins Treasurer James C. Dobbs Donald L. McCorvey, Jr. James Osborn Vernon D. Thompson WITNESS MY HAND and the seal of Metcalf & Eddy, Inc., this 18th day of October, 1988. Assistant Secretary (Seal) On this eighteenth day of October, 1988, before me appeared Barbara A. LoVuolo, being duly sworn of Assistant Secretary of Metcalf Eddy, Inc. JW4a Tracy�ney Notary Public My Commission Expires 5/27/94 i �\ City of Iowa City M E M O R A N D U M T0: Steve Atkins FROM: Chuck Schmadeke DATE: October 27, 1988 RE: Metcalf & Eddy Agreement for Professional Engineering and Management Services - Addendum 03 Addendum #3 has been negotiated with Metcalf & Eddy to incorporate the following three items into the plans and specifications. As the original designers of the projects, Metcalf & Eddy is the best choice to incorporate the following changes in a timely and cost effective manner. In addition, retaining Metcalf & Eddy for these changes will not cloud the issue of design accountability that could arise if another firm were retained for these services. 1. Incorporate Accepted Value Enoineering'(VE) Recommendations The VE study completed by Stanley Consultants presented a number of design changes to reduce project costs. Each of the design changes has been evaluated to determine if it is in the City's best interest. Design changes which will produce approximately $1,000,000 in savings will be incorporated into the plans and specifications. Although these design changes will save a substantial amount of money, staff does not expect the bid prices to be significantly less than the present cost estimate prepared by Metcalf & Eddy because, as was mentioned to Council previously, staff believes this estimate is low. 2. It now appears that approximately $3,000,000 to $5,000,000 in state and federal money will be available to help fund the sewer projects. As part of the process to become eligible for this money, the plans and specifications must be revised to incorporate EPA requirements. 3. Additional Plan Modifications The Washington Park storm sewer design has been completed by City staff and will be integrated into the Southeast Interceptor Ralston Creek Segment - Phase II Project. In addition, some realignments resulting from property negotiations must be incorporated. These items will cost $25,000.00, $13,200.00 and $27,100.00 respectively totaling $65,300.00. a RESOLUTION NO. 88-220 RESOLUTION OF INTENT TO DISPOSE OF A PORTION OF MADISON STREET RIGHT-OF-WAY BETWEEN MARKET STREET AND BLOOMINGTON STREET TO THE UNIVERSITY OF IOWA. WHEREAS, this City Council is in the process of vacating a portion of Madison Street right-of-way between Market Street and Bloomington Street. Said parcel is legally described as follows: Beginning at the Southeast corner of Outlot 35 as recorded in Plat Book 2, page 73, in the Johnson County Recorder's Office on the Westerly right-of-way line of Madison Street; thence North 00000'00" East along the Westerly right-of-way line of Madison Street 405.00 feet to a point; thence North 90000'00" East 24.00 feet to a point; thence South 90000'00" West 405.00 feet to a -- point; thence South 90000'00" West 24.00 feet to the point of beginning. Said parcel contains 9,720 square feet (0.22 acres, more or less). WHEREAS, the University of Iowa needs to acquire this right-of-way to accommodate construction of the new Laser Laboratory Building, and WHEREAS, the disposition of this right-of-way is contingent upon the University agreeing to reconstruct any portions of an existing sidewalk that may be damaged during construction of the new Laser Laboratory Building and to designate a pedestrian easement in the proposed vacated area where it partially or completely covers the sidewalk to assure perpetual maintenance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY THAT: The City Council does hereby declare its intent to convey its interest in the above-described vacated right-of-way to the University of Iowa, subject to the University agreeing to the above-mentioned contingencies. AND, BE IT FURTHER RESOLVED THAT: A public hearing on said proposal be set for November 15, 1988, and that the City Clerk be and is hereby authorized, empowered and directed to cause Notice of Public Hearing to be published as provided by law relative to the proposal hereinafter set forth. It was moved by Ambrisco and seconded by Horowitz the Resolution be adapted, and upon roll call there were: AYES: NAYS: ABSENT: X Ambrisco X Balmer X Courtney X Horowitz X Larson X McDonald A Resolution No. 88_220 Page 2 Passed and approved this 1st day of November , 1988. Lz z a-� YOR Approved as to Form ATTEST: %i10 . ,_ J 7i 44�V /o�i7/f8 CIT CLERK Legal Department i RESOLUTION NO. 88-221 RESOLUTION REQUESTING A SPECIAL ELECTION TO FILL VACANCIES IN OFFICE CREATED BY THE RESIGNATION OF TWO AT -LARGE COUNCILMEMBERS. WHEREAS, Councilmember-at-large Kate Dickson, whose term of office was to expire on January 2, 1990, resigned that office effective August 24, 1988; WHEREAS, Councilmember-at-large George Strait, whose term of office was to expire on January 2, 1992, resigned that office effective September 7, 1988; and WHEREAS, this City Council has determined that it would be in the best interests of the City of Iowa City to fill said vacancies by special election, as provided by Section 472.13 of the Iowa Code. NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, that the Johnson County Auditor is hereby requested to hold and conduct a special election within the City of Iowa City on January 10, 1989, for the election of two Councilmembers-at-large to fill the remaining unexpired terms of the Councilmembers who resigned. AND, BE IT FURTHER RESOLVED that the ballot for said special election be for the election of two Councilmembers-at-large, one for a term to expire on January 2, 1990, and the other for a term to expire on January 2, 1992. It was moved by Ambrisco and seconded by Courtney the Resolution be adopted, ani dupon roll call there were: AYES: NAYS: ABSENT: X Ambrisco X Balmer X Courtney X Horowitz X Larson X McDonald Passed and approved this 1st day of November 1988. 190 OR Ap ro as to orm ATTEST: Q..,J ,N yG.�L CITY`CLERK Lega Department /Gas City of Iowa City MEMORANDUM DATE: August 30, 1989 TO: Marian Karr, City Clerk 0/ FROM: Loanna Stroud, Finance M " RE: UDAG Mortgage Amendment This memo is in regards to the UDAG Mortgage Agreement, Resolution Number 88-222 titled "RESOLUTION AUTHORIZING AN AMENDMENT TO THE URBAN DEVELOPMENT ACTION GRANT MORTGAGE NOTE WITH MID -CITY HOTEL ASSOCIATES -IOWA CITY, THE EXECUTION OF CERTAIN DOCUMENTS RELTAING TO THE EXPANSION OF THE IOWA CITY HOLIDAY INN, AND RELATED MATTERS". This Resolution was adopted and approved November 1, 1988 and was properly executed by City personnel and was sent to Tom Stanberry, City's Bonding Attorney, for him to get signatures from Harry A. Johnson, Jr., Mid -City Hotel Associates, and two signed copies were to be returned to the City that were fully executed. Well, after many months of pain and suffering, I have been unable to get the signed copies returned to me. Mid -City has filed bankruptcy and according to Tom Stanberry and Linda Gentry, 1st Asst. City Attorney, the chances of these documents being returned are next to nil until after the bankruptcy is settled (which may be an eternity). In order to get your 88 files microfilmed, go ahead and microfilm this file but please make sure and keep the original documents in that file. If keeping those original documents will cause a problem I will be more than happy to store them. Sorry for the long wait but................. A. • Ina r, r ... .ea • I.. cz .n RES. NO. 88-222 RESOLUTION AUTHORIZING All AMENDMENT TO THE URBAN DEVELOPMENT ACTION GRANT MORTGAGE NOTE WITH MID -CITY HOTEL ASSOCIATES -IOWA CITY, THE EXECUTION OF CERTAIN DOCUMENTS RELATING TO THE EXPANSION OF THE IOWA CITY HOLIDAY INN, AND RELATED MATTERS ,ala WHEREAS, the City of Iowa City, Iowa (the "City") entered into an Urban Development Action Grant Mortgage Note dated November 30, 1983 (the "UDAG Note") with Harry A. Johnson, Jr., M,D., d/b/a Mid -City Hotel Associates -Iowa City ("Mid -City") and a Mortgage and Security Agreement dated December 30, 1983 (the "UDAG Mortgage") with Mid -City both relating to a loan of th• proceeds of an Urban Development Action Grant by the City to Mid -City to finance a portion of the construction of a hotel and related facilities located within the corporate limits of the City (the "Project"); and WHEREAS, Mid -City is expanding the Project and has requested the City to subordinate its UDAG Mortgage to a Construction Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Financing Statement (the "Ohio 'Mortgage") in favor of The Ohio National Life Insurance Company ("Ohio") which secures a loan from Ohio to Mid -City in the amount of $2,500,000 made to finance the addition to the Project; and WHEREAS, the City Council of the City has been presented with the form of a Subordination Agreement by and among the City, Ohio and Ilid-City (the "Subordination Agreement"), Amendments to Urban Development Action Grant Mortgage Note between the City and Mid -City (the "Amendments"), a Consent and Agreement from the City to the Collateral Assignment of Parking Agreement between Mid -City and Ohio (the "Consent"); and WHEREAS, the City Council of the City believes the best interests of the City are served by subordinating its UDAG Mortgage to the Ohio Mortgage and by the execution of the documents relating thereto, NOW, THEREFORE, BE IT AND IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA AS FOLLOWS: 1. That the City subordinate its UDAG Mortgage to the Ohio Mortgage by an amount not to exceed $2,500,000. 2. That the UDAG Note be amended in accordance with the terms of the Amendment. -1- Wo 3. That the Mayor and the City Clerk of the City be and they hereby are authorized to execute the Subordination Agreement, the Amendment and the Consent in substantially the form before this meeting with such modifications therefrom as legal counsel for the City shall approve, provided that the execution of such documents by the City shall be conclusive evidence of the City's approval of such modifications. 4. That the Mayor and the City Clerk be and they hereby are authorized to do all such things necessary to effect the transactions of which the Subordination Agreement, the Amendment and the Consent are a part and which are approved by Ahlers, Cooney, Dorweiler, Haynie, Smith i Allbee, as special counsel to the City. 5. That the provisions of this Resolution are hereby to be separable and if any section, phrase or provision shall for any reason be declared to be invalid, such declaration shall not affect the validity of the remainder of the sections, phrases or provisions. 6, All Resolutions and orders or parts thereof, in conflict herewith are, to the extent of such conflict, hereby repealed and this Resolution shall be in full force and affect immediately upon its adoption. Adopted and approved November 1 1 1988. City of Iowa City, Iowa (Seal) Attest: .2- i It was moved by Balmer and seconded by Courtney , that the Resolution as reade a opted, and upon roll call t ere were: AYES: Ambrisco X Balmer X Courtney X Horowitz X Larson X McDonald X NAYS: ABSENT: COLLATERAL ASSIGNMENT OF PARKING AGREEMENT THIS ASSIGNMENT is made , 1988 from HARRY A. JOHNSON, JR., an individual doinq�iness as Mid -City Hotel Associates - Iowa City (the "Borrower") to THE OHIO NATIONAL LIFE INSURANCE COMPANY, a (the "Lender"). WITNESSETH: WHEREAS, Borrower and the City of Iowa City, Iowa, a municipal corporation (the "City") have entered into a Parking Agreement dated December 23, 1983 (the "Parking Agreement") relating to a hotel facility on Block 64, Iowa City, Iowa (the "Hotel Premises"); and WHEREAS, the Borrower and Lender have entered into a Construction Loan Agreement dated the date hereof (the "Loan Agreement") pursuant to which the Lender has agreed on the terms and conditions set forth therein, to lend to Borrower the sum of $2,500,000 (the "Loan"), to construct an addition to a Holiday Inn located on the Hotel Premises, the Loan to be evidenced by Borrower's Promissory Note dated the date hereof payable to the order of the Lender and maturing December 1, 1996 (the "Note"), disbursed pursuant to a Disbursing Agreement dated hereof (the "Disbursing Agreement") among Borrower, Lender and (the "Disbursing Agent") and secured by a Construction Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Financing Statement (the "Mortgage") and by other collateral. The Loan Agreement, Note, Disbursing Agreement and Mortgage are hereinafter collectively referred to as the "Loan Documents". NOW, THEREFORE, in order to secure the performance by the Borrower of its obligations under the Loan Documents and to secure Borrower's obligation to repay the Lender for the principal of, premium, if any, and interest on the Note, Borrower hereby grants, transfers and assigns to Lender all of Borrower's right, title and interest in and to the Parking Agreement. TO PROTECT THE SECURITY OF THIS ASSIGNMENT, BORROWER AGREES AS FOLLOWS: 1. Borrower shall fully and promptly perform all of the terms and conditions of the Parking Agreement; will enforce and secure the performance of the terms and the conditions of the Parking Agreement by the City; will give prompt written notice to the Lender of any default by the City under the Parking Agreement; and will not amend, cancel or terminate the Parking Agreement without the prior written consent of the Lender. 2. Should Borrower fail to perform any act as herein provided, or in any way default in any of the terms and conditions hereof or of the Parking Agreement, then Lender, but without obligation so to do, and without notice to or demand on Borrower, and without relieving Borrower from any obligation herein or in the Loan Documents, may make or perform the same and correct any such default in such manner and to such extent as Lender may deem necessary to protect the security hereof, including specifically, without limitating its general powers, the right to appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Lender, and also the right to perform and discharge each and every obligation, covenant and agreement of Borrower in the Parking Agreement contained; and, in exercising any such powers, to pay necessary costs and expenses, employ counsel and incur and pay reasonable attorneys' fees. 3. Borrower shall pay immediately upon demand all sums expended by Lender, and all indebtedness incurred by Lender under the authority of this Assignment, together with interest thereon at the Default Rate, as defined in the Mortgage, and the same shall be added to the sums secured hereby and by the Mortgage. 4. Any default by Borrower in the performance of any obligation, covenant or agreement herein contained shall constitute or be deemed to be a default under the terms of the Loan Documents, entitling Lender to every and all rights and remedies contained therein, including specifically the right to declare a default thereunder and to foreclose the Mortgage as provided by law. 5. The Lender shall not be obligated to perform or discharge, nor does it hereby undertake to perform or discharge any obligation, duty or liability under the Parking Agreement, or by reason of this Assignment. Borrower shall indemnify the Lender against and hold it harmless from any and all liability, loss or damage which Lender may or might incur under the Parking Agreement or under or by reason of this Assignment and of and from any and all claims and demands whatsoever which may be asserted against it by reason of any alleged obligations or undertaking on its part to perform or discharge any of the terms, covenants or agreements contained in the Parking Agreement, or by reason of the exercise of any of its rights or remedies hereunder. Should Lender incur any such liability, loss or damage under the Parking Agreement or under or by reason of this Assignment, or in the defense of any such claims or demands, the amount thereof, including costs, expenses and reasonable attorneys' fees, together with interest thereon at the Default Rate, shall be secured hereby and by the Mortgage, and Borrower shall reimburse Lender therefor immediately upon demand, and -2- 1 (OWO upon the failure of Borrower so to do, Lender may declare all sums secured hereby immediately due and payable. 6. This Assignment shall be construed and enforced according to the laws of the State of 7. Borrower covenants and warrants to Lender that (a) Borrower has good and lawful right and full power and authority under applicable law to execute this Assignment and to perform the obligations hereunder, and Borrower is not bound by any law or agreement which might prevent Lender from exercising any of its powers or rights under this Assignment or which limits the Lender in such exercise; (b) Borrower has not executed any prior assignment of, and has not otherwise encumbered the Parking Agreement or its right, title and interest therein; (c) there is no default now existing under the Parking Agreement; (d) Borrower has not amended or waived any provision of the Parking Agreement;. and (e) the Parking Agreement is in full force and effect according to the original terms and conditions thereof. 8. In the event any provision of this Assignment shall be held or deemed to be or shall, in fact, be illegal, inoperative, invalid or unenforceable, the sale shall not affect any other provision or provisions herein contained or render the same illegal, inoperative, invalid or unenforceable to any extent whatever. 9. This Assignment may be effectively amended, changed, modified, altered or terminated only with the prior written consent of the parties hereto. 10. All notices, demands or documents which are required or permitted to be given or served hereunder shall be in writing and shall be deemed given when delivered or mailed in the manner set out in the Mortgage. IN WITNESS WHEREOF, the Borrower has executed this Assignment as of the day and year first above written. -3- Harry A. Johnson, Jr. d/b/a Mid -City Hotel Associates - Iowa City W40 i STATE OF ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 1988, by HARRY A. JOHNSON, JR., d/b/a Mid -City Hote Associates - Iowa City. THIS INSTRUMENT DRAFTED BY: Dorsey a Whitney 2200 First Bank Place East Minneapolis, Minnesota 55402 -4- i I _ STATE OF ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 1988, by HARRY A. JOHNSON, JR., d/b/a Mid -City Hote Associates - Iowa City. THIS INSTRUMENT DRAFTED BY: Dorsey a Whitney 2200 First Bank Place East Minneapolis, Minnesota 55402 -4- CONSENT AND AGREEMENT The City of Iowa City, Iowa (the "City") hereby consents to the foregoing Assignment and represents and agrees that: i. No default exists in the Parking Agreement. 2. If the Borrower should default in the performance of any term or condition of the Parking Agreement, the City, ibefore taking any action to terminate the Parking Agreement, will give the Lender written notice of such default and a reasonable time to cure the same. 3. If the Lender should foreclose the Mortgage, or accept a deed in lieu of such foreclosure, the City shall recognize the Lender, its assignee or the purchaser at foreclosure sale as the owner of the interests of the Borrower under the Parking Agreement and, at the request of the Lender, its assignee or such purchaser, will enter into a new parking agreement with such party containing the terms and conditions set forth in the Parking Agreement. Date: CITY OF IOWA CITY, IOWA ayor ATTEST: City'Clerk STATE OF IOWA ) ss. COUNTY OF JOHNSON) On this 4th day of November , 1988, before me, a notary public duicommissioned and qualified in and for said County and State, personally appeared John McDonald , Mayor of the City of Iowa City, Iowa, and Dlaria�n K. Karma, City Clerk of said City, each being to me personally known to be the identical persons and officers named in the foregoing instrument, who executed the same under and by virtue of the authority vested in them by the City Council of said City, each for himself/her- self acknowledged the execution thereof to be his/her voluntary act and deed for purposes herein expressed. IN TESTIMONY WHEREOF, I have hereunder set my and and notarial Seal at Iowa City, Iowa, the day and year last above written. -2- ROF/869722.e! .0e 15029 • wTHIS AGREEMENT, made and entered into as of 1988, by and among THE CITY OF IOWA CITY, IOWA, an Iowa =ai municipal corporation (the •City"), THE OHIO RATIONAL LIFE HARRY A. COMPANY NS0111 �n on; tattoo (the •Lender•), and HARRY A. JOHNSON, JR., d/b/a Mid -C ty otel Associates - Iowa City (the68orroweto). WITNESSETH: WHEREAS, the Borrower and Lend r have entered into a Construction Loan Agreement dated as oy 1908 (the 'Loan Agreement-) pursuant to which the Len er ha -2;Q reed on the terms and condition& set forth therein, to lend to Borrower the sum of $2,500,000 (the •Loan•), and WHEREAS, in order to secure payment of the Loan and Performance of its obligations under the Loon Agreament, the I Borrower h Mortgage, Assignment of Leases and tRents +iBeCurityuAgreement And Fixture Financing Statement, dated as C ANQyAmba_, 1988 (the •OhiO National Mortgage-), covering the property described therein (the -Mortgaged Property,), which includes the real property described on Exhibit A attached hereto; and WHEREAS, the Ohio Notional Mortgage was recorded with the Johnson County, Iowa Recorder on 1968 as File No. Book , Page and WHEREAS, the Borrower has executed a Mortgage dated December 30, 1983 with the City, as mortgagee (the -UDAG Mortgage"), which Mortgage is recorded in Book 682 of Mortgages, Page 128, in the office of the Johnson County, Iowe Recorder; and WHEREAS, as a of the Loan, Lander hasrequired nthat oprecedent theCity subordinategthe uDAG Mortgage and its interest in the Mortgaged Property in ail respects to the lien of the Ohio National Mortgage. follows: NOW, THEREFORE, the parties hereto hereby agree as RECEIVED FROM 11.10.1909 1066 )4(p P. 2 1. Subordination. The UDAG Mortgage, and the rights Of City in, to or under the UDAG Mortgage and the Mortgaged Property, are hereby subjected and subordinated and shall remain in all respects and for all purposes subject, subordinate and junior to the lien of the Ohio National Mortgage, and to the rights and interest of the from time to time holder of the Ohio National Mortgage, as fully and with the same effect as if the Ohio National Mortgage had been duly executed, acknowledged and recorded, Ord the indebtedness secured thereby had been fully disbursed prior to the execution of the UDAG Mortgage. 2. Reliance bv_Larder. The partiss are executing this instrument in order to induce :,ender to make the Loan, and the parties further agree that making of the Loan shall constitute conclusive reliance by Lender upon this instrument and the provisions hereof and the subordination effected hereby. 3. Foreclosure. Subject to Section 16(a), (c) and (i) through and including (vii) of the UDAG Mortgage, in the event action is taken to foreclose the lien of the Ohio National Mortgage, either pursuant to a power of sale or by Judicial proceedings, or by deed in lieu of foreclosure, quit claim or like action, Lender, or any subsequent purchaser, shall not be required to recognize the rights of the City under the UDAG Mortgage, and the rights of the City thereunder, shall, at the sole election of and upon notice from the Lender, cease and terminate upon acquisition of title to or upon possession of the Mortgaged Property by Lender, or its successors and assigns, including any purchaser at a foreclosure sale. The LwnAwr anA tiha__City. Aaron Mh■♦ all 1. Successors and Assigns, This Agreement and each and every covenant, agreement and other provision hereof shall be binding .upon the parties hereto and their heirs, administrators, representatives, successors and assigns, including without limitation, each and every from time to time holder of the UDAG Mortgage or any other person having an interest therein and shell inure to the benefit of the Lender and its successors and assigns. 5. Choice of L■v. This Agreement is made and executed under and in all respects is to be governed and _2_ Yr.`r111r11 fto 1c1acV II.Ia.1000 ILII• 0 Construed by the laws Of the State where the Mortgaged property are situate. 6' IL &din".The captions and headings Of the various ■aotiona of this Agreement are for convenience only and are not to be construed as confining or limiting in any way the scope or intent Of the provisions hereof. Whenever the contest requires Or permits, the singular shall include the Plural, the plural shall include the singular and the masculine, feminine and neuter shall be freely interchangeable. 7. Nokias!- All notices provided for herein shell be in writing and shall be deemed to have been duly given (i) if delivered personally (including delivery by messenger or other courier), upon delivery, (ii) if by mail, when deposited in the United States mail, registered or certified mail, postage prepaid,,N,L (iii) if by telegraph communicjktion when delivered to the telegraph company, charges prepaidi snd n each case addressed as follows: If to the City: Slty, o! Iowa City, Iowa IOwa C__fv, Iowa 52240 ALL n: Mavor If to Lender: The Ohio National Life Insur:nc: Company 0 2 7 C ncinnat 0 o 45201 Attn: Aanitmlte ar ment If to Borrower: Harry A. Johnson, Jr. Mid -City Hotel Associates - Iowa City c/o Pineapple Management Company Park Place West Office Center 6465 Waysata Boulevard, Suits 920 Minneapolis, Minnesota 55426-1725 or addressed to any such party at such other address as such party Shall hereafter furnish by thirty (30) days, prior written notice to the other parties. MIM I �at� ,9CU ¢a :Ron _. II.11J tae IHU r. , n 44 -ERS LAW FIRM DES MOINES IA P. 02 IN WITNESS WHEREOF, the parties hereto have each caused this Agreement to be executed as of the date first above written. (SEAL) �l THE CITY OF IOWA CITY, IOWA Attest:/ gY� City Clerk s ��avor THE OHIO NATIONAL LIFE INSURANCE COMPANY By Its Harry A. Johnson, Jr. d/b/a Mid -City Hotel Associates - Iowa City STATE OF IOWA ) ) ss. COUNTY OF JOHNSON) CA }h{A loth d.av of llovembAz; 1064 betoG4 me, a notary public in and for the State of Iowa, personally appeared ,John �tDonald , Mayor of the City of Iowa City, Iowa, an Iowa municipal corporation, and `+arian K. Karr , City Clark of said City, each being to me personally known to be the identical persons and officers named in the foregoing instrument; that the seal affixed to the foregoing instrument is the Seal of said City; that the foregoing instrument was signed and sealed on behalf of said City by authority of its City Council and Maynr end City Clerk , as such officers, acknowledged the execution thereof to be the voluntary act and deed of said City by it and by them voluntarily executed. IN TESTIMONY WHEREOF, I have hereunder sat my and and notarial Seal at Iowa City, Iowa, the day and year last above written. -,- I(Oa0 I STATE OF COUNTY OF ) The Lorpoinq instrument was acknowledged /befoore me this _ day o�pq;�'1988, by - of •mr; vMiv AATIONJW LIFE INSURANCE COMPANY, an Ohio he corporation, on behalf Of said corporation. STATE OF MINNESOTA ) � ss. COUNTY OF ) The fo !going instrument was acknowledged before me this _ d0Y o� 1988, by HARRY A. JOHNSON. JR., d/b/a Kid -City Hotel Assoc a es - Iowa City. THIS INSTRUMENT DRAFTED BY: Dorsey a Whitney 2200 First Bank Place East Minneapolis, Minnesota $5402 -5- I EXHIBIT A All that certain parcel or parcels of land located in Block 649 Bloek 82 and vacated Dubuque Street, Original Town, the City of low& City, County of .Johnson, state of Iowa, More particularly described as follows# Commencing at a point of reference at the Northeasterly corner of said Block 641 thence South 89 degrees 59 Minutes 20 seconds West 222.00 fest along the Northerly line of said Block 64 to the point of beginning (this is an assumed bearing for purposes of this description onlyll thence South 0 degrees 07 minutes 00 seconds East 199.54 feet along a line parallel with the Easterly line of said Block 64 to a point on a Northerly outside face of wall of a parking rarap l thence North 89 degrees 55 minutes 47 seconds West 79,34 feet along the said Northerly outside face of wall to a point an an Easterly outside face of wall of said parking ramp) thence North 0 degrees 04 minutes 14 seconds East 3.24 feet along the said Easterly outside face of wall to a point on a Northerly outside face of wall of said parking rarapl thence North 89 degrees 41 minutes 37 second■ West 20.40 feet along said Northerly outside face of wall and said line extended to a point on the Westerly line of said Block 641 thence North 45 degrees 04 minutes !0 seconds West 64.54 feet to a point of intersection with the Southerly line of Lot 1, Of said Block 829 extended Easterlyl thence North 89 degrees 58 minute■ 12 seconds West 72.86 feet along the Southerly line of said Lot 1 extended Easterly to a point( thence North 0 degrees 04 minutes 10 seconds West 150.74 feet along the West line of the East 38.50 feet of said Lot 1 to a point on the Northerly line of said Block 821 thence South 89 degrees 47 minutes 25 seconds East 78.50 feet along the Northerly line of said Block 82 and said line extended to a point on the centerline of said Dubuque Strestl thence North 89 degrees 59 minutes 20 seconds East 139.57 feet along the Northerly line of said Block 64 extended Westerly and the Northerly line of said Block 64 to the point of beginningl �t�a� AMENDMENT TO URBAN DEVELOPMENT ACTION GRANT MORTGAGE NOTE Harry A. Johnson, Jr., M.O., d/b/a Mid -City Hotel Associates - Iowa City (the 'Maker') and the City of Iowa City, Iowa (the 'City' or 'Payee' or 'Holder') hereby agree to amend the Urban Development Action Grant (UDAG) Mortgage Note, dated December 30, 1983, in original principal amount of $2,081,000 delivered by Maker to the City, as follows: I. In paragraph (a), effective upon issuance of a Certificate of Occupancy by the City for additional rooms, the term 'Project' shall be amended to mean the 178 room hotel originally constructed on the Mortgaged Property, plus any additional rooms added to the Mortgaged Property, and all facilities which are either operated in conjunction with the hotel, including without limitation of the foregoing, banquet and meeting rooms, restaurants and bars, or which are within the hotel structure, such as leased spaces. 2. In paragraph (f), the phrase 'twenty-five percent (25%) of the value of the Project' shall be amended to read 'eighteen and one-half percent (18.5%) of the value of the Project.' 3. In paragraph (g), the phrase 'twenty-five percent (25%) of the Net Proceeds from any sale, exchange or other disposition of the Project, in whole or in part, or refinancing of the Project' shall be amended to read 'eighteen and one-half percent (18.5%) of the Net Proceeds from any sale, exchange or other disposition of the Project, in whole or in part, or refinancing of the Project.' 4. Paragraphs 2 and 3 shall be effective as of January 1, 1989. 5. Except as expressly provided herein, all other terms and conditions of the UDAG Mortgage Note, and the Mortgage and Security Agreement securing that Note, are unchanged. I IcDatp ri IN WITNESS WHEREOF the parties have caused this Amendftnt to be executed as of the _ day of 1988. CITY OF IOWA CITY, IOWA By: By: hn McDonald, Mayor Harry A. Johnson, Jr. ATTEST: Marian K. Karr, City Clerk IN WITNESS WHEREOF the parties have caused this Amendftnt to be executed as of the _ day of 1988. CITY OF IOWA CITY, IOWA By: By: hn McDonald, Mayor Harry A. Johnson, Jr. ATTEST: Marian K. Karr, City Clerk ROF/869722.49/10.27.88 SUBORDINATION AGREEMENT THIS AGREEMENT, made and entered into as of 1988, by and among THE CITY OF IOWA CITY, IOWA, an Iowa mun cipal corporation (the "City"), THE OHIO NATIONAL LIFE INSURAN COMPANY, a (the "Lender"), and HARRY A. JOHN ON, JR., d/b a M1 -City Hotel Associates - Iowa City (the "Bor ower"). WHEREAS, the Borrower and nder have entered into a Construction :,oa Agreement dated s of 1988 (the "Loan Aqreemen ") pursuant to hick t e Len er as agreed on the terms and ce itions set f rth therein, to lend to Borrower the sum of 2,500,000 ( he "Loan"); and WHERAS, in o der to ..ecure payment of the Loan and performance of its obli atio s under the Loan Agreement, the Borrower has granted to en er that certain Construction Mortgage, Assignment of ses and Rents, Security Agreement and Fixture Financing St ement, dated as of 1968 (the "Ohio Nations M rtgage"), covering—Me property described therein (the "Mor gaged Property"), which includes the real property de ribed Exhibit A attached hereto; and WHEREAS, he Ohio Na ional Mortgage was recorded with the Johnson Count Iowa Record r on 1988 as File No. , B ok , Page and WHER AS, the Borrower ha executed a Mortgage dated December 30, 983 with the City, as mortgagee (the "UDAG Mortgage"), hich Mortgage is record d in Book 682 of Mortgages, Page 128, i the office of the Johnso County, Iowa Recorder; and WHEREAS, as a condition precedent to making of the Loan, L oder has required that the City subordinate the UDAG Mortgage and its interest in the Mortgaged Property in all respe is to the lien of the Ohio National Mortgage. NOW, THEREFORE, the parties hereto hereby agree as fo ows: 1. Subordination. The UDAG Mortgage, and the rights of City in, to or under t e UDAG Mortgage and the Mortgaged Property, are hereby subjected and subordinated and shall remain in all respects and for all purposes subject, subordinate and junior to the lien of the Ohio National Mortgage, and to the /G0" a rights and interest of the from time to time holder of the Ohio National Mortgage, as fully and with the same effect as if the Ohio National Mortgage had been duly executed, acknowledged and recorded, and the indebtedness secured thereby had been fully disbursed prior to the execution of the UDAG Mortgage. 2. Reliance by Lender. The parties are executing this instrument in order to induce Lender to make the Loan, and the parties further agree that making of the Loan shall constitute conclusive reliance by Lenderu n this instrument and the provisions hereof and the subordi;tion effected hereby. 3. Foreclosure. Subject to ection 16(a), (c) and (i) through a ending (vii) of th UDAG Mortgage, in the event action i taken to foreclose t lien of the Ohio National Mortgage, eithe pursuant to a pow of sale or by judicial proceedings, or b deed in lieu of foreclosure, quit claim or like action, Lende , or any subse vent purchaser, shall not be required to reco nize the rig is of the City under the UDAG Mortgage, and the ri hts of the City thereunder, shall, at the sole election of and on not' a from the Lender, cease and terminate upon acquis1 ion of title to or upon possession of the Mortgaged Property L der, or its successors and assigns, including any purchaser t foreclosure sale. 4. Successors d Assigns. This Agreement and each and every covenan/ashall eme t and other provision hereof shall be binding upon tie ere to and their heirs, administrators, rtati es, successors and assigns, including withouttion, each and every from time to time holder of the UDAage or any other person having an interest therein inu to the benefit of the Lender and its successorsigns. 5. Ch6ice of Law. Thi Agreement is made and executed under and in a respects is to be governed and construed by the laws of t State where the Mor gaged Property are situate. 6. Captions and Headings. The captions and headings of the vari us sections o. t is Agree nt are for convenience only and a e not to be construed as coNengular ng or limiting in any way t scope or intent of the prons hereof. Whenever the cont t requires or permits, the sar shall include the plur 1, the plural shall include tand the masculi e, feminine and neuter shall be freely interchangeable. 7. Notices. All notices provided for herein shall be in writing an�ll be deemed to have been duly given(i) if delivered personally (including delivery by messenger or other courier), upon delivery, (ii) if by mail, when deposited in the United States mail, registered or certified mail, postage prepaid, (iii) if by telegraph communication, when delivered -2- 1402G to the telegraph company, charges prepaid, or (iv) if by telex, telecopy, graphic scanning or other telegraphic communications equipment when transmitted by such equipment, and in each case addressed as follows: If to the City: If to Lender: The Ohio National Life Insurance Company Attn: Telecopy No. If to rrower: Harry A. Johnso , Jr. Mid -City Hote Associaties - Iowa Cit c/o Pineap a Management Company Park P1ac West Office Center 6465 Wa ata Boulevard, Suite 920 Minnea lis, Minnesota 55426-1725 Telec py No. or addressed to any such art at such other address as such party shall hereafter fur n's by thirty (30) days, prior written notice to the other parties IN WITNESS WH E OF, the parties hereto have each caused this Agreement to be ex uted as of the date first above written. THE CITY OF IOWA CITY, IOWA Its TH OHIO NATIONAL LIFE I URANCE COMPANY By Its Harry A. JoHinson, Jr. d/b/a Mid -City Hotel Associates - Iowa City -3- STATE OF IOWA ) ss. COUNTY OF JOHNSON) The foregoing instrument was acknowledged before me this day of , 1988, by j the Mayor of THE CITY OF IOWA CITY, IOWA, an Iowa mun.ici a corporation, on behalf of said municipal corporation. i I STATE OF ) ss. COUNTY OF ) The foreg ing ins ument was acknowledged before me this _ day of 1988, by the of THE OHP0 NATIONAL LIFE INSURANCE COMPANY, a on behal of/said STATE OF MINNESOTA) ss. COUNTY OF ) The foregoing in strum nt was acknowledged before me this day f , 198 by HARRY A. JOHNSON, JR., d/b/a Mid -Cite Hotel Associates Iowa City. THIS INSTILUMENT DRAFTED BY: Dorsey & Whitney 2200 First Bank Place East Minneapolis, Minnesota 55402 -4- r,4I RESOLUTION NO. 88-223 RESOLUTION AUTHORIZING SETTLEMENT OF QUIET TITLE ACTION IN BLACK'S PARK ADDITION IN EXCHANGE FOR SEWER EASEMENT. WHEREAS, in 1916 and in 1921, plats were recorded to subdivide an area immediately north of the present Park Road, to be known as Black's Park Addition; and WHEREAS, the platting instruments purported to establish streets in the area, including extensions of Magowan and Hutchinson Avenues, and Gould Street, and an east -west alley in Block J; and WHEREAS, Hutchinson and Magowan Avenues have never been opened north of Park Road, Gould Street is open only as far west as Ferson Avenue, and the alley in Block J of Black's Park Addition has never been opened for public use; and WHEREAS, in 1941 and 1944 owners of properties surrounding and abutting the above -referenced streets and alley in Black's Park Addition recorded documents purporting to vacate those streets and the alley; and WHEREAS, records in the City Assessor's and County Auditor's offices show that the property included within the platted rights-of-way has been vacated, and has been taxed to the abutting property owners; and WHEREAS, Charles A. Skaugstad and Marilyn M. Skaugstad, husband and wife, own the following -described property located in Iowa City, Johnson County, Iowa, to -wit: Commencing 120 feet East of the Southwest corner of Black's Park Addition to Iowa City, Iowa, according to the recorded plat thereof, thence North 170 feet, West 120 feet, North 210 feet, East 390 feet, South 380 feet, and then West 270 feet to the Point of Beginning. Also commencing 60 feet North and 60 feet West of the Northwest corner of Block J of said Black's Park Addition, thence East 571 feet, thence North 90 feet, thence West 571 feet, thence South 90 feet to the Point of Beginning. All in Section 4, Township 79 North, Range 6 West of the 5th P.M. (hereinafter "the Property"); and WHEREAS, the Property includes (i) the alley located between Lots 1-4 and Lots 7-10 in Block J of Black's Park Addition; (ii) that portion of Hutchinson Avenue lying westerly of Lot 6 in said Block J; (iii) that portion of Gould Street lying north of Lots 6 through 10 in said Block J; and (iv) that portion of the West one-half of Magowan Avenue lying immediately East of 'Lots 1 and 10 in said Block J; and 2 WHEREAS, the Skaugstads have commenced a quiet title action in the Iowa District Court for Johnson County (Equity No. 51598) seeking to establish clear title in the Property, specifically including the portions of the platted streets and alley described above; and WHEREAS, the area in question is developed with residences, and the City's Public Works Department has determined that the City will have no need for streets or the alley on the platted areas within the forseeable future; and WHEREAS, the Public Works Department has long-range plans to extend a storm sewer north from Park Road through the Property; and WHEREAS, the Skaugstads have agreed that, if the City does not oppose the quiet title action, they will grant to the City a permanent 20 foot wide storm sewer easement, and temporary construction easements, for the proposed storm sewer, the exact location of which will be determined at the time the storm sewer is installed; and WHEREAS, because of the uncertainty of litigation, and the assurance that, without further expense, the City will have the needed easements when the storm sewer extension is to be installed, the City Council believes it to be in the best interest of the City to dispose of the litigation by agreement; and WHEREAS, attached hereto is a form of Storm Sewer Easement which the Skaugstads have executed. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, THAT: 1. The Mayor and the City Clerk are hereby authorized and directed to execute the Storm Sewer Easement on behalf of the City. 2. The City Attorney or an Assistant City Attorney is authorized to take appropriate action to have the Easement recorded, and to dispose of the pending lawsuit (Equity No. 51598) in accordance with the ,recitals and provisions of this Resolution. /G- R7 N Cl It was moved by Ambrisco and seconded by Courtney the Resolution be adopt- , an upon ro call there were: AYES: NAYS: ABSENT: X Ambrisco X Balmer X Courtney R Horowitz R Larson x McDonald Passed and approved this ist day of November , 1988, OR Approved as to Form ATTEST:��u r 1) i gd CITY CLERK Legal Department STORM SEWER EASEMENT THIS AGREEMENT, made and entered Into by and between Charles A. Skaugstad and Marilyn M. Skaugstad, husband and wife, hereinafter referred to as First Parties, and the City of Iowa City, Iowa, Second Party. - - WITNESSETH: For the sum of $1,00 plus other valuable consideration, the receipt of - which is hereby acknowledged, First Parties hereby grant and convey to Second Party a twenty foot wide easement for the purposes of excavating for and the installation, replacement, maintenance and use of a storm sewer line or pipe and all necessary appliances and fittings for use in I connection with the line (hereinafter referred to as the 'tine") that Second Party may choose to install for conveying storm water, together with a right of ingress to and egress from the line, over and across the '. following -described property located in Iowa City, Johnson County, Iowa, - I to wit: That portion of the following -described bract located in Black's Park Addition to Iowa City, Iowa, according to the recorded plat thereof, commencing at the centerline of Magowan Avenue and the .,. north right-of-way line of Park Road, thence West 90 feet,] thence North 170 feet, thence West 60 feet, thence North 210 • - feet, thence East 150 feet, thence South 380 feet to the point of beginning. Also commencing 60 feet North of the Northwest f ) - corner of Lot 9 In Block J of said Black's Park Addition, thence North 90 feet, thence East 331 feet, thence South 90 feet, thence West 331 feet to the point of beginning. All 1n Section f • 4, Township 79 North, Range 6 West of the Sth D.M. (hereinafter I "the Property"). i i The parties agree that at such time as Second Party installs the storm sewer over the Property 1t will prepare and record In the office of the ! - Johnson County Recorder a description of the location of the line, and i i i -2 - thereafter, the permanent easement area shall be limited to the area so described; provided, however, that the right of ingress and egress, and the rights granted in paragraph 1, below, shall not be so limited. First Parties further grant to Second Party; 1. The right to grade for the line for the full twenty foot width thereof and, during installation, replacement or maintenance of said line, to extend the cuts and fills for such grading into and on the lands along and outside of said line to such extent as Second Party may find reasonably necessary. 2. The right from time to time to trim and to cut down and clear away any and all trees and brush on said easement area and to trim and to cut down and clear away any trees on either side of the line which, in the opinion of Second Party, may be a hazard to said line or may i interfere with the exercise of Second Party's rights hereunder in any manner. 7. Second Party shall Indemnify First Parties against any loss and damage which shall be caused by the exercise of its rights hereunder, or by any wrongful or negligent act or omission of Second Party, or of Its agents or employees in the course of their employment. 0. Promptly after installation of the line or the repair thereof, Second Party will, it Its expense, restore the premises to the original condition, other than replacement of trees or shrubs over the lines, Including replacement of mowed lawn areas with sod rather than seeding. 5. First Parties reserve the right to use their property for purposes which will not Interfere with Second Party's full enjoyment of the rights hereby granted; provided that, after the storm sewer line has been Installed, First Parties shall not erect or construct any , -1 - building, fence or other structure, or drill or operate any well, or construct any reservoir or other obstructions on said area, or diminish or substantially add to the ground cover over said lines. 6. First Parties do hereby covenant with Second Party that they are lawfully seized and possessed of the real estate above described under the terms of an installment contract recorded in Book 122, page 181 of the Miscellaneous Records of the Johnson County, Iowa, Recorder; and, subject to said Installment contract, that they have good and lawful right to convey It, or any part thereof. 7. The provisions of this instrument shall inure to the benefit of and bind the personal rapresentativas, successors and assigns of the j respective parties hereto, and all covenants shalt apply to and run with the land. DATED this .4 AW— day of al/t/ice, 1988. - a��- C arias A. S uugatad a lyn M.Tuq tad i CITY OF IOWA CITY, IOWA BY: /amu' [Join, McDona ayor BY: Marl n K. K312 C lark , STATE OF IOWA ) ) SS: JOHNSON COUNTY ) On this day of /1/.11. 4k 19 0l� , before me, the undersignea, a Notary Public in and for the State o7—Iowa, personally appeared Charles A. Skaugstad and Marilyn M. Skaugstad, husband and wife, to me known to be the Identical persons named in and who executed the within and foregoing instrument and acknowledged that they executed the same as their voluntary act and d. Hotary Pu c In for t o tate o owe r I I i i I I i i I I i _I I STATE OF IOWA I SS: JOHNSON COUNTY I On this 1St day o[ November �, 198$ before me, ffDa ORT10 a Diary Pub c in and Tor the State of Iowa, Personally appears John McDonald and Marian K. Karr, to me Personally known, who being by me duly sworn, did say that they are the Mayorand City Clerk, respectively, of said municipal corporation executing the within and foregoing instrument; that the seal affixed hereto Is the seal of said municipal corporation; that said instrument was signed and sealed on behalf of said municipal corporation by authority of the City Council of said municipal corporation, and that the said John McDonald and Marian K. Karr acknowledged the execution of said instrument to be the voluntary act and deed of said municipal corporation, by it and by them voluntarily executed. Notary Public in and for the State of Iowa RESOLUTION NO. 88-224 RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTIES, TEMPORARY CONSTRUCTION EASEMENTS, AND PERMANENT SEWER EASEMENTS FOR THE BENTON STREET SANITARY SEWER INTERCEPTOR PROJECT, ALL IN CONJUNCTION WITH IOWA CITY'S WASTEWATER FACILITIES IMPROVEMENTS PROJECT. WHEREAS, the City of Iowa City has undertaken a project to make major improvements to its wastewater collection and treatment system, including the construction of a new sanitary sewer interceptor to serve Iowa City and University Heights, and accompanying drainage and street improvements, which project is known as the Benton Street Sanitary Sewer Interceptor Project; and WHEREAS, this City Council has been advised and has determined that the acquisition of certain properties and easements are necessary for the construction of said public improvements and are for a necessary public purpose; and WHEREAS, the City has obtained an appraisal and review appraisal for each of the said acquisitions; and WHEREAS, City staff should be authorized to acquire said properties and easements at the best overall price and cost to the City as reflected in said appraisals. NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, that the City Manager or his designee is hereby authorized and directed to negotiate the purchase of said properties and easements for the Benton Street Sanitary Sewer Interceptor Project, designated as Parcels BSI.01 through BSI.13, at the appraised values indicated on the accompanying exhibit, or at such higher value as this Council may hereafter approve. AND BE IT FURTHER RESOLVED that in the event such properties and easements cannot be acquired by negotiation at the appraised values indicated on the accompanying exhibit, the City Attorney be and he is hereby authorized and directed to initiate condemnation proceedings for the acquisition of such properties or easements. It was moved by Ambrisco and seconded by Balmer the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: X Ambrisco X Balmer X Courtney X Horowitz X Larson X McDonald m1� /0 0?? B Resolution No. 88-224 Page 2 i Passed and approved this 1st day of ATTEST:_U,e�v2 -P CIT CLERK November , 1988. AWOL A' o e as o Form % 101- ry Legal Department BSI .01 BSI .02 BSI .03 BSI .04 BSI .05 BSI.06 BSI.07 BSI.08 BSI .09 BSI .10 BSI.11 BSI.12 BSI .13 ACQUISITIONS FOR BENTON STREET SANITARY SEWER INTERCEPTOR PROJECT INTEREST TO APPRAISED VALUE OF /ADDRESS I BE ACOUIRED ITNTEREST TO BE ACQUIR Standard Station Sinclair -Station QuikTrip Hartwig Motors 225 W. Benton 229 W. Benton 705 Giblin 701 Giblin 702 Giblin 707 Giblin (Railroad) (1st Mennonite Church) Beverly Manor $7,400.00 $5,800.00 $4,300.00 $5,400.00 $ 100.00 $ 260.00 $ 250.00 $ 750.00 $1,950.00 $ 100.00 $4,000.00 $7,750.00 $ 100.00 Fee.title strip Fee title.strip'' Fee title strip Fee title strip ' Temporary easement Temporary easement Temporary easement Temporary and permanent easement Temporary and permanent easement Temporary easement Temporary and permament easement Temporary and permanent easement Temporary easement $7,400.00 $5,800.00 $4,300.00 $5,400.00 $ 100.00 $ 260.00 $ 250.00 $ 750.00 $1,950.00 $ 100.00 $4,000.00 $7,750.00 $ 100.00 ACQUISITIONS FOR BENTON STREET SANITARY SEWER INTERCEPTOR PROJECT INTEREST TO i i BSI.01 rl BSI.02 Sinclair Station i� 800.00 BSI.03 Quik Trip BSI.04 Hartwig Motors BSI.05 225 W. Benton ACQUISITIONS FOR BENTON STREET SANITARY SEWER INTERCEPTOR PROJECT INTEREST TO APPRAISED VALUE OF Fee title strip BSI.01 Sta dard Station BSI.02 Sinclair Station 800.00 BSI.03 Quik Trip BSI.04 Hartwig Motors BSI.05 225 W. Benton BSI.06 229 W. Benton BSI.07 705 Giblin BSI.08 701 Giblin BSI.09 702 Giblin BSI.10 707 Giblin BSI.11 (Railroad) BSI.12 (1st. Mennonite ri BSI.13 Beverly or APPRAISED VALUE OF Fee title strip $5,400 Fee title strip 800.00 Fee title strip $4,300.00 Fee title strip $3,900.00 Temporary easement $ 100.00 Temporary ease t $ 260.00 mporary asement $ 250.00 Tem y and permanent easement $ 750.00 Temporary a permanent easement $1,950.00 Temporary easeme $ 100.00 Temporary and permanen easement $4,000.00 Temporary and permanent eas ent $7,750.00 Temporary easement $ 100.00 RESOLUTION NO. 88-225 RESOLUTION RESCINDING RESOLUTION NO. 87-239 AND PROVIDING FOR AMENDMENTS TO THE SCHEDULE OF FEES FOR BEER PERMITS, WINE PERMITS, AND LIQUOR LICENSES, RELATING TO DANCING PERMITS. WHEREAS, the State of Iowa Beer and Liquor Control Commission establishes the fees to be charged and collected by cities for processing beer permit, wine permit, and liquor license applications; and WHEREAS, the City of Iowa City did amend Chapter 5 to provide that the amounts of the fees for beer permits, wine permits, and liquor licenses be in the amount set by the State and be included in a Schedule of Fees for Beer Permittees, Wine Permittees and Liquor Licensees, and this City Council did pass an ordinance amending Chapter 5 of the Code of Ordinances to that effect; and WHEREAS, the City of Iowa City did also amend Chapter 5 to provide that the amount of the fee for dancing permits for licensed premises be set by resolution and included in the said Schedule of Fees; and WHEREAS, the Council did adopt Resolution No. 87-239 establishing and approving the said Schedule of Fees; and WHEREAS, it has been proposed that the fee for dancing permits as set forth in the Schedule of Fees be amended to provide for a minimum permit fee, that a separate fee be established for dancing permits in conjunction with Seasonal/Fourteen Day Licenses or Permits. r ( NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE I CITY OF IOWA CITY, IOWA, that prior City Council Resolution No. 87-239 be and the same is hereby rescinded in its entirety. AND BE IT FURTHER RESOLVED that the Schedule of Fees for Beer Permittees, Wine Permittees, and Liquor Licensees, including revised fees for dancing permits attached hereto and made a part hereof is hereby approved as to form and content. AND BE IT FURTHER RESOLVED THAT the City Clerk be and is hereby authorized and directed, upon notification of a change by the State of Iowa in the fee amounts for beer permits, wine permits, or liquor licenses, to immediately amend the said Schedule of Fees to conform with such changes, and to immediately commence charging the new fee amounts as prescribed by the State. /630 i Resolution No. 88-225 Page 2 It was moved by Balmer and seconded by Ambrisco Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: X Ambrisco X Balmer X Courtney X Horowitz X Larson X McDonald Passed and approved this 1st day of November 1988. the ATTEST: 7n�.�,� CITY CLERK Schedule of Fees for Beer Permittees, Wine Permittees, and Liquor Permittees BEER PERMITS Class B - $300/year Class B Sunday Sales - $60/year (can be pro -rated) Special Class C Beer -Wine - $585/year (effective 7/1/86) Sunday Sales - $117/year (can be pro -rated) (effective 7/1/86) Class C/ Class E/ Sunday Sales Sunday Sales Both depend on size of retail space $ 75/$15 $575/15 (up to 1,500 sq. ft.) $100/$20 $600/$20 (over 1,500 - 2,000 sq. ft.) $200/$40 $700/40 (over 2,000 - 5,000 sq. ft.) $300/$60 $800/$60 (over 5,000 sq. ft.) Class D - $800/year Class D Sunday Sales - $60/year (can be pro -rated) LIQUOR LICENSES Class A - $780/year (effective 7/1/86) Class A Sunday Sales - $156/year (can be pro -rated) (effective 7/1/86) Class A (less than 250 members) - $520/year (effective 7/1/86) Class A Sunday Sales (less than 250 members) - $104/year (can be pro -rated) (effective 7/1/86) Class B - $1,690/year (effective 7/1/86) Class B Sunday Sales - $338/year (can be pro -rated) (effective 7/1/86) Class C - $1,690/year (effective 7/1/86) Class C Sunday Sales - $338/year (can be pro -rated) (effective 7/1/86) Class E - Pop. 10,000: 1500 sq. ft. $2500; 1501-2000 sq. ft. $3500; 2001-5000 sq. ft. $5000; 5000+ sq. ft. $7500 Class E Sunday Sales - Automatic Class F - $2,190/year (effective 7/1/86) Class F Sunday Sales - $338/year (can be pro -rated) (effective 7/1/86) Class G - $1,085/year (effective 7/1/86) Class G Sunday Sales - $117/year (can be pro -rated) (effective 7/1/86) Class H - $2,190/year (effective 7/1/86) Class H Sunday Sales - $338/year (can be pro -rated) (effective 7/1/86) /6,30 6 WINE PERMITS Class B Wine Permit - 3500/year Class B Wine Permit Sunday Sales - Holders automatically receive Sunday Sales DANCING PERMITS $25 in conjunction with either a Seasonal or Fourteen -Day License or Permit or a temporary outdoor service area. .50g per square foot of floor area to be used for dancing, with a minimum fee of $100 per year, in conjunction with all other permits or licenses for service of beer or liquor by the drink. RESOLUTION NO. 88-226 RESOLUTION AUTHORIZING THE SUBMISSION OF AN APPLICATION TO THE IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT FOR IOWA COMMUNITY ECONOMIC BETTERMENT ACCOUNT FUNDING, AND AUTHORIZING CITY PARTICIPATION OF $50,000 FROM URBAN DEVELOPMENT ACTION GRANT REPAYMENTS FOR A NEW MANUFACTURING FACILITY IN IOWA CITY. WHEREAS, the Iowa Community Economic Betterment Account (CEBA) program provides loans to cities to promote economic development and create long- term employment opportunities; and WHEREAS, the City is authorized to use repayments from Urban Development Action Grants (UDAGs) for promotion of economic development; and WHEREAS, a joint venture of Central States Can Company/Silgan Container Corporation is seeking financial assistance of $350,000 to apply to land and building costs for construction of a new facility in Iowa City which is expected to cost approximately $3 million; and WHEREAS, to promote the public health, safety, morals and general welfare of its citizens, it is the policy of Iowa City to pursue industries that are compatible with existing industries and the specific characteristics of the Iowa City labor force, and that have growth potential; and WHEREAS, a real estate developer is expected to do the construction and lease the facilities to the joint venture; and WHEREAS, the facility and work opportunities proposed by Central States/Silgan are consistent with all of these policies, and WHEREAS, the City will provide administrative costs for the CEBA program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, THAT: 1. The Mayor is authorized to sign and the City Clerk to attest the application to the Iowa Department of Economic Development for a CEBA forgivable loan for $300,000, such funds to, in turn, be loaned to either the joint venture of Central States and Silgan, or a developer which will construct facilities for the joint venture. 2. As part of the local participation necessary for a competitive CEBA application, the City Council agrees to loan the joint venture or the developer up to $50,000 from UDAG repayment funds, such amount to be repaid in five years. 3. If the CEBA loan is approved, the City Manager and City Attorney are authorized and directed to prepare and have executed appropriate documentation for the loans. The City's loan may be subordinate to other loans for the project. loaf 6 Resolution No. 88-226 Page 2 It was moved by Balmer and seconded by Horowitz the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: X Ambrisco X Balmer X Courtney X Horowitz X Larson X McDonald Passed and approved this 1st day of November 1988. R Approved as to Form ATTEST: •/� /Z to zv r8 CITY LER�-K L� Departme t City of Iowa City MEMORANDUM DATE: October 31, 1988 TO: City Council FROM: Patt Cain, Economic Development Coordinator RE: Economic Assistance for Central States Can Company/Silgan Container Corporation The City now has the opportunity to assist in the location of a major new manufacturing facility in the Iowa City Industrial Park (formerly known as BDI). After an extensive site selection process Central States Can Company and Silgan Container Corporation have chosen Iowa City as their preferred location, subject to several conditions yet to be completed (see attached letter of intent). THE COMPANIES Central States Can Company (CSC) is one of the world's largest producers of drawn, seamless steel and aluminum cans with easy opening tops for processed foods. The company, started in 1955 with 68 employees, became a division of Van Dorn in 1957 and began concentrating on development and manufacture of aluminum cans. Since that time, the company has developed a number of other innovative products. With headquarters in Massillon, Ohio, CSC now employs 700 and is proud of its employee relations and profit-sharing programs. Since the turn of the century, the Can Division of Carnation Company had manufactured metal containers. On September 1, 1987, the division was sold to private investors and the name has been changed to Silgan Con- tainers Corporation. Silgan has its headquarters in Burbank, California, and operates thirteen manufacturing plants in nine states, including one in Fort Dodge, Iowa. THE PROJECT CSC and Silgan are forming a joint venture company to establish a manufac- turing facility for aluminum cans and lids. The can manufacturing system will use a new coating process, called electrophoretic coat (electro -coat or E -coat). CSC and Alcoa Aluminum, which holds the patent for the process, have a previous joint technical agreement for the commercializa- tion of the first E -coat processing line. The site selected for the first plant is a 19.1 acre tract of land in the Iowa City Industrial Park. The venture proposes to lease a 100,000 square foot plant, constructed to its specifications, for a period of 10 years with a 5 year option. The production facility is expected to cost approximately $3 million. It will contain E7 to E8 million in equipment /0 i 9 Page 2 provided by Alcoa; this equipment will become property of the venture. In addition, the venture companies will contribute $3.7 million for lid manufacturing equipment and support equipment. The venture expects to employ 110 persons after a period of three years, with 100 persons employed after two years. There is also room on the site for possible expansion in the future. ECONOMIC ASSISTANCE Start-up costs associated with this manufacturing facility are very high, and the companies consider favorable local and state enhancements essen- tial to success. Several states have been competing for location of this plant. In this area local assistance confirmed to date includes a negotiated land price, a low interest loan and reduced electricity rates for three years from Iowa -Illinois Gas and Electric Company, and a competitive lease rate for a building from Michael Development Company of Minneapolis (through Mid-America Construction in Iowa City). Jobs training funds through the Iowa New Jobs Program will also be sought. The City is requested to take three actions: 1. Submit an application for a $300,000 forgivable loan from the State's Community Economic Development Betterment Account (CERA). 2. Authorize a $50,000 low interest loan (3% interest rate to be repaid in 5 years) to apply to lower the lease rate of the building. This will contribute to the "local participation" required for CEBA applications. The loan would be funded from the City's UDAG repay- ment monies. 3. Authorize submission of an application to the Iowa Department of Transportation Rail Assistance Program for funding necessary to construct a rail spur to the building. If approved, the grant would pay 80% of the construction costs. Adoption of the two resolutions on the agenda (for the CEBA application and the rail assistance application) will accomplish these steps. City staff will then continue to work with the venture partners and with ICAD to complete actions necessary for location of the facility. /G3/ 9 j �CT U '88.09:27 FL Pin 234 HOTELEC�OPY SITZ NfiPONOiI-elS-"e46-4808 9496 pL.2 ,i '4 CENTRAL STATES CAN CO. rel, Le TM'TACIT, a. 9. Peer o"r,ce eoi 44e ' r" MASSILLOM, OHIO 440Y 4601141 M.OMA„T October 260 1988 � nuU1M ' 1111' I r,. ' 1111 1111 ',. , I 200 '391:1C1 Mr, Ray Huston Presidant IOWA CITY AREA DEVELOPMENT OROUP, INC. 325 B. Washington, Suite too P. 0. Box 2567 Iowa City, IA 52244 Dear Mr. Mustont Central States and Silgan Containers are pleased to $*loot the Industrial Park in Iowa city, Iowa, for its new eleatro+coat oan making plant. Your people have been very helpful in making this selection and we are looking forward to working with you to complete this project. We plan to make a formal announcement of the plant and the Iowa City site selection after the conditions set forth below have been met. The purpose of thin latter is to set forth the intent of Van Dorn Company by its Central gtates Can Co, Division ("Van Dorn") and Silgan Containers Corp. ("Si1San") to jointly enter into an agreement for the Issas of a manufacturing building to be built to Van Dornts and ASSgan's specifications on . approximately 19.1 acres of land located in the Business Development Industrial Park, lows City, Sows, as more particularly oat forth on the attached Exhibit A. This Issas to subject to the approval of the Board of Director$ of both Van Dorn and Siigsn, the negotiation and execution of a definitive lease agreement, obtaining all necessary environmental and sewage discharge approvals and permits, Obtaining satisfactory otatt and local funding, obtaining rail access to property, and other approvals and waivers as may be required or reasonably requested by Van Dorn and Silgan and assuming all investigations and reviews have been oompleted to the Satisfaction of Van Dorn and Silgan, Nt0 S31biS 1UNIN30 W08A 4v101 88, 42 400 /63/ I OCT Z8 88 0^Z+ 9: 7 FL NA 2234 HQ TELECOPY RITZ NAPLES ` "• '•�" •�. wrywninu,cno icy N01 i-818-248-4808 4r. Ray Huston October 26, 1988 Page ^2= 4496 Yu:,3 Assuming that the above conditions are met, the parties agree to exert all reasonable efforts to execute the agreement contemplated by this letter within sixty (60) days from the date hereto. Please acknowledge your agreement to the above by signing and returning the eftoloaed copy of this letter to my attention. Sincerely, 41 O. Smart R. 8. Aueburn President President Central states Can Co, 933pn Containers Corp. ' cal' .. :., The foregoing in hereby agreed to (Name of signing Entity) By: Name Title Dats1 NVO S31hd1S IVN1N30 W08A 80101 Bel 42 1.O x/ I 1 'All IAS CO. V/. /11110 AM hell 111 A11 /Xf Al CAI 'I, IAM IIMIt r1Mg1A J SAMIR I �• 1111111 I{1 rl11. Co. I,r. loco t11. ........... Mlllllll.................................................................. .a; ............... , I•.I11• I.I..I ^REj` --- �\ IIII III IIibI J � btu bb x••111 - In.bb i' 1X11111.911111 toll. I.L. 9 r.r.''. ;\ 1.1 ' t 99MAIII I �� a M.r.3rnMt11. - \ 0111 511111 ' _ kllllAp rltl•111141t[ i M.J. NIIMt 99. \\ rIA1MGott \ �.li.,I 191 \ �`•1I11A'll'lll IMI.I IStit I;• vs. Alvillisig cc. jai BUSINESS DEVELOPMENT INC. INDUSTRIAL PARK—IOWA CITY, ICWA.J a ,0 i RESOLUTION NO. 88-227 RESOLUTION AUTHORIZING THE FILING OF AN APPLICATION TO THE IOWA DEPARTMENT OF TRANSPORTATION RAIL ASSISTANCE PROGRAM. WHEREAS, the City of Iowa City endorses the development which is proposed for the BDI Industrial Park; and WHEREAS, an immediate, non -speculative opportunity exists for the creation of 100 jobs by the Central States Can Company/Silgan Container Corp.; and WHEREAS, an immediate commitment of State funds for railway improvements is essential for the success of the proposed project; and WHEREAS, denial of State funds for railway improvements will jeopardize the proposed development project; and WHEREAS, the Michael Development Company (project developer) has stated that they will own the new railway improvement, will adequately maintain it for a minimum of ten years, and will not dismantle it for any reason without written permission from the Iowa Department of Transportation; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY: 1. That JCCOG Transportation Planning Division staff is authorized to prepare an application to the Iowa Department of Transportation Rail Assistance Program. 2. That said application is to be filed with the Iowa Department of Transportation under the City Manager's signature. 3. That JCCOG Transportation Planning Division staff is authorized to file any additional information deemed necessary by the Iowa Department of Transportation in conjunction with said application. It was moved by Balmerand seconded by Ambrisco the Resolution be adopte , 5d upon rolI call there were: AYES: NAYS: ABSENT: Ambrisco X Balmer X_ Courtney _ Horowitz _ Larson X McDonald Passed and approved this 1st day of November 1988. Ls.. kOR Approved as to Form ATTEST: 77t&4..,..J ezJ f� CITY CLERK Leg Department 9