Loading...
Pre-Annexation Agreement_LT Investments, LLC Copyright 2014 City of Dubuque Consent Items # 11. ITEM TITLE: LT Investments, LLC - Pre-Annexation Agreement SUMMARY: City Manager recommending approval of a Pre-Annexation Agreement with LT Investments, LLC for the subject property. RESOLUTION Approving a Pre-Annexation Agreement between the City of Dubuque Iowa and LT Investments, LLC SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s) ATTACHMENTS: Description Type LT Inestments Pre-Annexation Agreement-MVM Memo City Manager Memo Laura memo Staff Memo Vicinity map Supporting Documentation Agreement Supporting Documentation Resolution Resolutions THE CITY OF Dubuque UBE I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Pre-Annexation Agreement-LT Investments, LLC DATE: June 7, 2016 LT Investments, LLC has submitted a request for approval of the Final Plat of Lot 1 and Lot 2 of McDermott Oil Place in Dubuque County, which is contiguous to the Dubuque City limits. Planning Services Manager Laura Carstens is requesting City Council approval of a Pre-Annexation Agreement with LT Investments, LLC for the subject property. As part of approving the Final Plat, a Pre-Annexation Agreement must be signed as established by the City's Fringe Area Development Standards of the Unified Development Code. I concur with the recommendation and respectfully request Mayor and City Council approval. Micliael C. Van Milligen MCVM:jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager THE CITY OF Dubuque DUB E Masterpiece on the Mississippi MEMORANDUM TO: Michael C. Van Milligen, City Manager sn� ' FROM: Laura Carstens, Planning Services Manager �.yv SUBJECT: Pre-Annexation Agreement— LT Investments, LLC DATE: June 8, 2016 INTRODUCTION This memorandum transmits for City Council review and approval, a pre-annexation agreement with LT Investments, LLC, property owner, in conjunction with their request for approval of Final Plat of Lot 1 and Lot 2 of McDermott Oil Place in Dubuque County. The agreement and related materials are attached. DISCUSSION The subject property is located within two miles of the City's corporate limits, and as part of approving the Final Plat, a pre-annexation agreement must be signed as established by the City's Fringe Area Development Standards in Section 11-7.E of the Unified Development Code (UDC). The property is currently contiguous to the Dubuque city limits, but the City does not want to annex the property at this time. In accordance with this requirement, Legal staff has prepared the attached pre-annexation agreement, with the standard ten-year transition in City's share of property taxes as an incentive. The enclosed agreement is the same language for a pre-annexation agreement approved by the City Council on December 15, 2014 for this same owner, Larry McDermott, and same final plat. Mr. McDermott was given that agreement in December, 2014, but did not sign the agreement until May 27, 2016. The Legal staff have updated the dates for the agreement. All other terms remain the same. Section 6 of the agreement, regarding City water service (which at this time City water service is not available to this site), states in subsection 6.3 that if the owner receives City water services prior to annexation, the owner will pay the City's regular rate. That language was the standard for pre-annexation documents in 2014. LT Investments, LLC Pre-Annexation Agreement Page 2 The City of Dubuque's current policy for pre-annexation documents makes a distinction between property owners on individual wells and property owners on private water systems purchased by the City of Dubuque. Property owners on wells who choose to connect to City water must execute pre- annexation documents; they then can receive City water at 1.5 times the standard rate. Upon annexation, they would pay the standard rate. Property owners on private water systems purchased by the City of Dubuque do not have a choice to connect or not connect. Consequently, these property owners are given a choice on signing pre-annexation documents. If they execute the documents, they will pay the standard City water rate. If they choose not to sign the documents, then they receive City water at 1 .5 times the standard rate. RECOMMENDATION I recommend that the City Council approve the LT Investments, LLC pre-annexation agreement in accordance with the Fringe Area Development Standards, and authorize the Mayor to sign the agreement on behalf of the City of Dubuque. Attachments cc: Barry Lindahl, City Attorney Gus Psihoyos, City Engineer Bob Green, Water Department Manager F:\USERS\Mrettenb\WP\COUNCIL\MEMO\LT Investments LLC pre-annex mvm memo revised.doe 2 THE CITY OF Dubuque DUB E � , Masterpiece on the Mississippi Zgg .ZM.,D„ Vicinity Map Applicants: LT Investments, LLC Location: 10603 Woodgate Drive, nur Dubuque Co., IA Description: Pre-Annexation Agreement I Legend ® Lot 2-1 of Miller Place Dl= INER:ThisIniarmticnwescanplledusng the Dubuque Nee GeogepMc Imwmedon bystem(DAGIS),wN[h Includes date created by born the City of Dubuque and Dubuque County.tl is undeaddolthal,while the City of DobugUe end pedidpeling egendes ulilzed the most current end eccumte iNamatlon"Isok,MGIS and Its supyAers do not wefreN thon. me ecra%or aWno lay a I9.ran aaa or dad mmalned here ciy ena pa1inpetly agencies shell net be held i for erryarxt,InNrem,In Jdantel,mna quentlal, aur .'a ofe,s data or thearagez,to use is data aebb w umotesseable,ads,om of Ne authorized!w Unnuthorlead YSB OIVYs d0I0 Of the IneNAly IO UBe the dalfi Of out OI on, breech of werrenty Wtadhdever. I A& Ba50 Data PrOVlded by Dubuque County IS Path:HAPlanning ServiceFEMArcGISMapsmicinity Map_Lot 2-1 Miller Place.mxd 1:10,000 N O RTH Prepared by: Laura Carstens, City Planner Address: City Hall, 50 W. 13th St: (563)589-4210 Return to: Laura Carstens, City Planner Address: City Hall, 50 West 13th St (563) 589-4210 RESOLUTION NO. 233-16 APPROVING A PRE -ANNEXATION AGREEMENT BETWEEN THE CITY OF DUBUQUE, IOWA AND LT INVESTMENTS, LLC Whereas, LT Investments, LLC , the owner of the following described property in Dubuque County, Iowa (the Property) have submitted to the City Council of the City of Dubuque an application for voluntary annexation of the Property to the City of Dubuque: Lot 2-1 of Miller Place in the NW 1/4 of Section 23, T88N, R2E (Table Mound Township) of the 5th P.M., Dubuque County, Iowa Whereas, LT Investments, LLC has entered into a Pre -annexation Agreement with the City of Dubuque a copy of which is attached hereto governing the future annexation of the Property; and Whereas, the Property is not subject to an existing annexation moratorium; and Whereas, the Property does not include any state or railroad property; and Whereas, Iowa Code Section 368.7 authorizes the voluntary annexation of property in Dubuque County, Iowa and the extension of city limits by voluntary annexation; and Whereas, the annexation of the Property is consistent with the Comprehensive Plan of the City of Dubuque, necessary for the future orderly growth and development of the City of Dubuque, and will promote efficient and cost effective extension of municipal services; and Whereas, the City Council finds that the annexation of the Property is in the public interest. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The Pre -annexation Agreement by and between LT Investments, LLC and the City of Dubuque is hereby approved. Passed, approved and adopted this 20th day of June, 2016. ATTEST: By: KevinS�`Firnstahl, C aterk By: Roy D. Buol, i1,gyor /IIIIIIJ!IIIIIII/II/IIII/I/JI///IJIIII///I/JIJI/I///I/I/IIIj/!i/I/ih/II////II/ ii// iii/ Doc ID: 008462940016 Type: GEN Kind: AGREEMENT Recorded: 06/24/2016 at 01:13:06 PM Fee Amt: $82.00 Page 1 of 16 Dubuque County Iowa John Murphy Recorder File2016_40007908 Prepared b Maureen A. Quann, 300 Main Street, Suite 330 Dubuque, IA 52001 563-589-4381 iib PRE -ANNEXATION AGREEMENT BETWEEN THE CITY OF DUBUQUE, IOWA AND LT INVESTMENTS, LLC This Pre -Annexation Agreement (the "Agreement"), dated for reference purposes theday of 4.779 , 2016, is made and entered into by and between the City of Dubuqu , Iowa ("City") and LT Investments, LLC ("Owner"). Whereas, Owner is the legal owner of real estate legally described as: Lot 2-1 of Miller Place in the NW '/4 of Section 23, T88N, R2E (Table Mound TWP) of the 5th P.M., Dubuque County, Iowa and shown in Exhibit A attached hereto and incorporated herein by reference (the "Real Estate"); and Whereas, as of the date of this Agreement, the Real Estate is contiguous to the corporate city limits of the city of Dubuque and constitutes territory which may be annexed by City as provided in Iowa Code Chapter 368; and Whereas, owner desires to have the Real Estate annexed by City upon certain terms and conditions as hereinafter set forth; and Whereas, notice of the proposed annexation shall be given to the parties legally required to be notified pursuant to Chapter 368 of the Iowa Code at the time the Real Estate becomes contiguous to City; and Whereas, the City Council, after due and careful consideration, has concluded that the annexation of the Real Estate by City on the terms and conditions hereinafter set forth would further the growth of City, would provide for the harmonious crti°" g cLAAI ceAr�c� development of City, would enable City to control the development of the area and would serve the best interests of City. NOW THEREFORE, IN CONSIDERATION OF THE PROMISES AND THE MUTUAL COVENANTS AND AGREEMENTS HEREIN CONTAINED, IT IS HEREBY AGREED AS FOLLOWS: SECTION 1. AGREEMENT PURSUANT TO IOWA CODE CHAPTER 368. This Agreement is made pursuant to and in accordance with the provisions of Iowa Code Chapter 368. The foregoing preambles and recitations are made a part of this Agreement. SECTION 2. TERM. The term of this Agreement is from the day of , 2016 until the annexation of the Real Estate to City is final. SECTION 3. PETITION FOR ANNEXATION. Owner, upon execution of this Agreement, will submit to the City Clerk a Petition for Annexation of the Real Estate by City, in the form provided in Exhibit B. The City Clerk will file the Petition, submit it to the City Council for consideration at such time and under such circumstances as the City Council deems appropriate, and comply with the requirements of Iowa Code Chapter 368. Pursuant to Iowa Code § 368.7(e), upon execution of this Agreement, Owners hereby waive the right to withdraw or rescind the Petition and hereby waive the right to withdraw its consent to the Petition and waives its right to object to annexation. SECTION 4. ADMINISTRATIVE COSTS. City agrees to pay the administrative costs associated with the annexation of the Real Estate, which includes filing and recording costs. SECTION 5. TRANSITION OF CITY SHARE OF PROPERTY TAXES. City agrees that the resolution approving the annexation application shall provide for the transition for the imposition of City taxes against the Real Estate. The Real Estate shall be entitled to the following partial exemption from taxation for City taxes for a period of ten (10) years following the final order of the City Development Board, if such annexation requires approval by the City Development Board, after the exhaustion of any and all appeals from the action of the Board by any person or the expiration of the time within which such appeals may be brought, approving the voluntary annexation of the property shown on Exhibit A: 1. For the first and second year, seventy-five percent (75%). 2. For the third and fourth year, sixty percent (60%). 3. For the fifth and sixth year, forty-five percent (45%). 4. For the seventh and eighth year, thirty percent (30%). 5. For the ninth and tenth year, fifteen percent (15%). 2 SECTION 6. CITY WATER SERVICES. 6.1 Upon annexation, Owner, Owner's heirs, successors and assigns, including but not limited to, the future owners of the Real Estate will obtain City water services to the Real Estate. 6.2 If Owner, Owner's heirs, successors and assigns, including but not limited to, the future owners of the Real Estate, obtain water services from a rural water provider prior to annexation, Owner must use City water services to provide water to the property upon annexation. For provision of such future City water services to the Real Estate, the Owner, the Owner's heirs, successors and assigns, including but not limited to, the future owners of the Real Estate, shall be fully bound, jointly and severally, to pay the City the sum of any and all amounts the City is required to pay as compensation to the rural water service provider for losses resulting from annexation of all or any part of the Real Estate by the City and such amounts as the City may be required or reasonably agrees to pay the rural water service provider as a settlement for resolution of any claims, disputes, objections, protests or litigation related to or arising out of the City providing water service to all or any part of the Real Estate, following annexation of the Real Estate to the City. 6.3 If Owner obtains City water services prior to annexation, Owner will pay the regular City water rate paid by all other City residents for such services. SECTION 7. OTHER CITY SERVICES. Upon annexation, Owner, Owner's heirs, successors and assigns, including but not limited to, the future owners of the Real Estate will for provision of future construction of street paving, curbs and guttering, storm sewers, water mains, sanitary sewer mains, bicycle paths, and sidewalks by means of City awarded contracts to be paid by special assessments to be levied against the Real Estate, the Owner agrees that by execution of this Agreement, Owner, the Owner's heirs, successors and assigns, including subsequent purchasers of the Real Estate, and each of them, shall pay and are bound to pay the City, the costs of the aforesaid improvements assessed to the Real Estate, by action of the governing body of the City, after notice of hearing as provided by Iowa Code Section 384.50, the provisions of Iowa Code Section 384.38 notwithstanding. SECTION 8. BINDING AGREEMENT. This Agreement shall be binding upon and inure to the benefit of .the parties hereto, their heirs, successors and assignees and shall be recorded with the Real Estate and will apply to any subsequent plats and/or subdivisions of the Real Estate. SECTION 9. EFFECT OF INVALID PROVISION. If any provision of the Agreement is held invalid, such invalidity shall not affect any of the other provisions contained herein. SECTION 10. DEFAULT. 10.1. Failure by Owner to substantially observe or perform any material covenant, condition, obligation or agreement on its part to be observed or performed under this Agreement constitutes an Event of Default. 10.2. Whenever any Event occurs and is continuing, City may take any one or more of the following actions after giving written notice by City to Owner of the Event of Default, but only if the Event of Default has not been cured within sixty (60) days following such notice, or if the Event of Default cannot be cured within sixty (60) days and Owners does not provide assurances to City that the Event of Default will be cured as soon as reasonably possible thereafter: (1) City may suspend any part of or all of its performance under this Agreement until it receives assurances from Owner, deemed adequate by City, that Owners will cure its default and continue its performance under this Agreement; (2) City may cancel and rescind this Agreement; (3) Owners will reimburse City for all amounts expended by City in connection with the Agreement, and City may take any action, including any legal action it deems necessary, to recover such amounts from Owners; (4) City may take any action, including legal, equitable or administrative action, which may appear necessary or desirable to collect any payments due under this Agreement or to enforce performance and observance of any obligation, agreement, or covenant under this Agreement. SECTION 11. NOTICES. Any notice to be delivered pursuant to the terms of the Agreement shall be delivered or mailed by certified mail, return receipt requested, to the respective parties at the following addresses: If to City: If to Owners: City of Dubuque City Clerk 50 West 13th Street Dubuque, Iowa 52001 LT Investments, LLC 14407 Highway 20 West Dubuque, Iowa 52003 SECTION 12. COUNCIL APPROVAL. This Agreement is subject to final approval of the City of Dubuque, Iowa in its sole discretion. 4 CITY OF DUBUQUE, IOWA By: ATTEST: -20 Kevin S. 4 irnstahl, Cit Clerk Y; LT INVESTMENTS, LLC, OWNER By: Larry E. cDermott Managing Member On this day of.._ , 2016, before me, a Notary Public in and for said state, personally appeared Roy D. Buol and Kevin S. Firnstahl known to me to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed. PAMELA J. RAcCARRON Commission Nu ber772419: My Comm. Exp. /27(9 j Notary Public in the + to of Iowa 'T My Commission expires 5`26 On this day of to , 2016, before me, a Notary Public in and for said state personally appeared Lar E. McDermott known to me to be the person(s) named in and who executed the foregoing instrument, and acknowledge that they executed the same as their voluntary act and deed. PAMELA J. McCARRON Commission Number 772419 My Comm. Expo,. 1 t 5 - Notary Public in tie State of Iowa L4-5 —Z01,39 My Commission expires ATTACHMENTS EXHIBIT A: Legal Description and Map of Area to be Annexed EXHIBIT B: Petition for Annexation EXHIBIT A LEGAL DESCRIPTION AND MAP OF AREA TO BE ANNEXED Lot 2-1 of Miller Place in the NW '/ of Section 23, T88N, R2E (Table Mound TWP) of the 5th P.M., Dubuque County, Iowa 7 Tne CMDF LEGAL DESCRIPTION OF LAND TO BE ANNEXED: • _ 7-�P r, LOTT2.I MILLER PLACE IN THE NW 114 OF SEC.23 MN,R2E,IN �� I S s ,LUB t+4 E EXIIIBIT A DUBUQUE COUNTY,10 IVA,CONTAINING ACRES MORE OR LESS D�� N. 33'LOT 1 8782 oFsv2 NW 11a AREA SEC.23,T66N, R2E TO BE ANNEXED LOT 1-2 MILLER PLACE 10697 LOT 1-1 MILLER PLACE 10603 �} 865fi o, 10749 LOT 2-2 ILLER PLACE 8578 US 151 US 61 EXISTING CORPORATE LIMITS CITY OF DUBUQUE 8478 10952 8466 Preparea by 1 inch = 300 feet n ® ECity of ngineer ng *que -^u � M"a•" 320 160 0 320 Feei �- E AREATO BE ANNEXED Engmeenng suet a.. •.�s�K r> " 50 West 13th Street Dubuque,Iowa 52001 �.......:.n o..."...e�....m p Phone'.(563)599-4270 O Faz,(563)5994205 EXHIBIT B PETITION FOR ANNEXATION 9 DATE FILED TO: Mayor and City Council of the City of Dubuque, Iowa Board of Supervisors, Dubuque County, Iowa The Petitioners Respectfully States Under Oath: 1. That the Petitioners are the sole owners of record of the following legally described land hereinafter to as the "Real Estate". See attached Exhibit A: Legal Description and Plat of Annexation. The Real Estate is further identified as parcel number 2. The Real Estate is not situated within the limits of any municipality, but is contiguous to the City of Dubuque, Iowa. See attached Exhibit A: Legal Description and Plat of Annexation. The Petitioners Respectfully Request: 1. That the above-described Real Estate be annexed to the City of Dubuque by resolution of the Mayor and City Council of the City of Dubuque, Iowa, pursuant to Chapter 368 of the Code of Iowa. 2. That such other action may be taken as is appropriate in the premises. We, the Petitioners, hereby state that the preceding statements and all statements made in supplementary material, and all attached documents submitted by me are true and correct. We, the Petitioners, hereby acknowledge that pursuant to Iowa Code § 368.7(e), and upon execution of the attached Pre -Annexation Agreement, Petitioners hereby waive the right to withdraw or rescind this Petition and hereby waive the right to withdraw consent to this Petition and waive the right to object to annexation. Signed on this day of , 2016. Telephone: 563- Telephone: 563 - Subscribed and sworn before me this day of , 2016. Notary Public ATTACHMENTS: EXHIBIT A: Legal Description and Plat of Annexation EXHIBIT B: Pre -Annexation Agreement 10 EXHIBIT A LEGAL DESCRIPTION AND MAP OF AREA TO BE ANNEXED Lot 2-1 of Miller Place in the NW 1/4 of Section 23, T88N, R2E (Table Mound TWP) of the 5th P.M., Dubuque County, Iowa 11 7Hecmar LEGAL DESCRIPTION OF LAND TO BE ANNEXED:LOT2-1 MILLER DUB F EXHIBIT A DUBUQUE CULINTY 1nl A'CONTWING 4034 ACRES F SEC.23 7-913N, FORE ORI DAGIS � hfaNeq,iarr,n,Bm•+f,..,..;,•p, Pamel I.D.No:1523176003 �..o.•••.. _. N.33'LOT 1 \J 8782 OFS v2 NW 114 \ ;� AREA SEC.23,T88N, R2E TO BE ANNEXED LOT 1-2 MILLER PLACE 10697 LOT 1-1 MILLER PLACE 10603 J /8656 / 10749 LOT 2-2 ILLER PLACE 8578 US 151 US 61 EXISTING CORPORATE LIMITS CITY OF DUBUQUE 4 8478 10952 8466 �0}OMap Prepared by. "Y d .• Kpa:. 1 inch = 300 feet City of Dubuque b,ao1fC^ azo Iso 0 320Feet W+E ® AREA TO BE ANNEXED Ertgmee50 Westnnge 10thhStreet�.n�+ R•76�� t Dubuque,Iowa 52001 p Pnane'.(569)589-4270 J Fax (569)5894205 EXHIBIT B PRE -ANNEXATION AGREEMENT (Insert fully executed pre -annexation agreement here) 13 Prepared by: Laura Carstens, City Planner Address: City Hall, 50 W. 13th St: (563)589-4210 Return to: Laura Carstens, City Planner Address: City Hall, 50 West 13th St (563) 589-4210 RESOLUTION NO. 233-16 APPROVING A PRE -ANNEXATION AGREEMENT BETWEEN THE CITY OF DUBUQUE, IOWA AND LT INVESTMENTS, LLC Whereas, LT Investments, LLC , the owner of the following described property in Dubuque County, Iowa (the Property) have submitted to the City Council of the City of Dubuque an application for voluntary annexation of the Property to the City of Dubuque: Lot 2-1 of Miller Place in the NW '/ of Section 23, T88N, R2E (Table Mound Township) of the 5th P.M., Dubuque County, Iowa Whereas, LT Investments, LLC has entered into a Pre -annexation Agreement with the City of Dubuque a copy of which is attached hereto governing the future annexation of the Property; and Whereas, the Property is not subject to an existing annexation moratorium; and Whereas, the Property does not include any state or railroad property; and Whereas, Iowa Code Section 368.7 authorizes the voluntary annexation of property in Dubuque County, Iowa and the extension of city limits by voluntary annexation; and Whereas, the annexation of the Property is consistent with the Comprehensive Plan of the City of Dubuque, necessary for the future orderly growth and development of the City of Dubuque, and will promote efficient and cost effective extension of municipal services; and Whereas, the City Council finds that the annexation of the Property is in the public interest. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The Pre -annexation Agreement by and between LT Investments, LLC and the City of Dubuque is hereby approved. Passed, approved and adopted this 20th day of June, 2016. ATTEST: B Kevin 'Firnstahl, 't. Clerk By: er Roy D. Buol, I , yor STATE OF IOWA CERTIFICATE of the CITY CLERK ) SS: COUNTY OF DUBUQUE ) I, Kevin S. Firnstahl, do hereby certify that I am the duly appointed, qualified, City Clerk of the City of Dubuque, Iowa, in the County aforesaid, and as such City Clerk, I have in my possession or have access to the records of the proceedings of the City Council. I do further state that the hereto attached Resolution No. 233-16 is a true and correct copy of the original. In Testimony Whereof, I hereunto set my hand and official seal of the City of Dubuque, Iowa. Dated at Dubuque, Iowa, on this 21st day of June, 2016. Kevi . Firnstahl, '-MC, City Clerk //II/III///I/I/I/III//IIII//I///I/I/II///I//I/I/I/I/I////II//Ii///i/ih////i/ isi iii/ ilii Doc ID: 008462950003 Type: GEN Kind: AGREEMENT Recorded: 06/24/2016 at 01:13:32 PM Fee Amt: $17.00 Page 1 of 3 11 Dubuque County Iowa John i1Murphy(�Recorder (� (] Fe2016_0000 /%909 Preparq0 y MaureenA Quann, 300 Main Street, Suite 330 Dubuque, IA 52001 563-589-4381 COVENANT PERTAINING TO WATER SERVICE TS AGREEMENT, made and entered into effective the Ae day of , 2016, between the City of Dubuque, Iowa (hereinafter called "City") and L Investments, LLC (hereinafter called "Owner"), their heirs, successors and assigns, WITNESSES: WHEREAS, the aforesaid Owner has applied to the City for approval of a subdivision plat of an area of land described as follows ("the Real Estate"): Lot 2-1 of Miller Place in the NW % of Section 23, T88N, R2E (Table Mound TWP) of the 5th P.M., Dubuque County, Iowa WHEREAS, said land is contiguous to the City, subject to the jurisdiction of the City for plat approval and for authorization of rural water service; and, WHEREAS, Owner may desire to receive rural water service for the land being platted, NOW, THEREFORE, the parties hereto agree that: 1. For purposes of making provisions for future city water services to the area legally described above, (the Real Estate), the Owner, its heirs, successors and assigns, including but not limited to, the future owners of the Real Estate, shall be and are hereby fully bound, jointly and severally, to pay to the City the sum of any and all amounts that the City is required to pay as compensation to the rural water service provider for losses resulting from annexation of all or any part of the Real Estate by the loo City and such amounts as the City may be required or reasonably agree to pay the rural water service provider as a settlement for resolution of any claims, disputes, objections, protests or litigation related to or arising out of the City providing water service to all or any part of the Real Estate, following annexation of the Real Estate to the City. 2. This covenant and agreement shall be filed for record in the office of the Dubuque County Recorder and all covenants, agreements, promises, and representations hereinstated shall be deemed to be covenants running with the Real Estate and shall endure and be binding on the parties hereto, their mortgagees, lienholders, successors and assigns, for a period of twenty-one (21) years from the date of the recording of these covenants, unless claims to continue any interest in the covenants are filed as provided by law. The City shall have the right to file a claim to continue its interest in these covenants. 3. Invalidation of any of these covenants by judgment or court order shall in no way affect any of the other provisions, which shall remain in full force and effect. Executed by the respective signatories effective the date first above written. CITY OF DUBU UE, IOWA LT INVESTMENTS, LLC, OWNER By: Roy D. Bu& , Mayor ATTEST: By: Larry E. cDermott- Managing Member On this 20 day of ,, 2016, before me, a Notary Public in and for said state, personally appeared Roy D. Buol and Kevin S. Firnstahl known to me to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed PAMELA J. MCCAaaON CommissMy Comm. nE Bo ca• �z7 q� Comm. Exp. �,� 2 1 4 of My Commission expires, j 2C,)/ Notary Public in the (r2 to of Iowa Ati On this of day of , 2016, before me, a Notary Public in and for said state personally appeared Lar. McDermott known to me to be the person(s) named in and who executed the foregoing instrument, and acknowledge that they executed the same as their voluntary act and deed. PAMELA J. MCCARRON Commission Number 772419 My Comm. Exp. L-5-7018 3 Notary Public in th to of Iowa � My Commission expires 1rcJ_ICC) 11 1011 110 11 11 11 11 Doc ID: 008462960003 Type: GEN Kind: AGREEMENT Recorded: 06/24/2016 at 01:13:50 PM Fee Amt: $17.00 Page 1 of 3 Dubuque County Iowa John Murphy Recorder Fde2016-00007910 Prepare • tyylauneenA,Quann,300 Main Street, Suite 330 Dubuque, IA 52001 563-589-4381 .41.4100-7 COVENANT ASSESSMENT OF COSTS OF IMPROVEMENTS THIS COXENANT AND AGREEMENT, made and entered into effective the ` /day of � 7 .— ,, 2016, between the City of Dubuque, Iowa (hereinafter called "City")' and LT Investments, LLC (hereinafter called "Owner"), its heirs, successors and assigns, WITNESSES: WHEREAS, the aforesaid Owner has applied to the City for approval of a subdivision plat of an area of land described as follows ("the Real Estate"): Lot 2-1 of Miller Place in the NW 1/4 of Section 23, T88N, R2E (Table Mound TWP) of the 5th P.M., Dubuque County, Iowa WHEREAS, said land is contiguous to the City, subject to the jurisdiction of the City for plat approval; and, NOW, THEREFORE, the parties hereto agree that: 1. This agreement is made for the purpose of meeting the subdivision regulations and plat approval requirements of the City for approval of the subdivision plat of the Real Estate. 2. In anticipation of the possibility that the City may at some time deem it to be in the public interest to cause construction of street paving, curbs and guttering, storm sewers, water mains, sanitary sewer mains, bicycle paths, and sidewalks by means of city awarded contracts to be paid by special assessments to be levied against the Real Estate, the Owner does hereby covenant and agree that by execution of this instrument Owner, its heirs, successors and assigns, including purchasers of the Real Estate, and each of them, shall pay and are bound to pay to the City, the costs of the aforesaid improvements assessed to the Real Estate, by action of the governing body for the City, after notice of hearing as provided by section 384.50 Code of Iowa, the provisions of 384.38 Code of Iowa notwithstanding. 3. Without affecting the forgoing waivers of rights, it is understood and agreed that if and when the governing body of the City conducts a hearing on a proposed resolution or necessity to assess public improvement costs to the Real Estate, the Owner of the Real Estate may then appear before the governing body of the City and be heard. 4. Additionally, Owner, its heirs, successors and assigns, including purchasers of the Real Estate, and each of them, in consideration of the benefits derived from approval of the, said plat of Real Estate, receipt of which is hereby acknowledged, covenant with the City that it will not, at any future time, sue the City, or any officer or employee of the City, to test the regularity of the proceedings or legality of the assessment procedure, to appeal the amount of the assessment, to enjoin, set aside, overturn, or reduce the amount of such assessments levied against the Real Estate by the City. The foregoing provisions encumber the Real Estate described as: Lot 2-1 of Miller Place in the NW 1/4 of Section 23, T88N, R2E (Table Mound TWP) of the 5th P.M., Dubuque County, Iowa 5. This covenant and agreement shall be filed for record in the office of the Dubuque County Recorder and all covenants, agreements, promises and representations herein stated shall be deemed to be covenants running with the Real Estate and shall endure and be binding on the parties hereto, their mortgagees, lienholders, successors and assigns, for a period of twenty-one (21) years from the date of the recording of these covenants, unless claims to continue any interest in the covenants and filed as provided by law. The City shall have the right to file a claim to continue its interest in these covenants. 6. Invalidation of any of these covenants by judgment or court order shall in no way affect any of the other provisions, which shall remain in full force and effect. Executed by the respective signatories effective the date first above written. 2 CITY OF DUBUQUE, IOWA LT INVESTMENTS, LLC, OWNER By: DL Roy D. BuoMayor ATTEST: Kevin S-:'Firnstahl, i Ierk By. Larry E. McDermot Managing Member On this day of 2016, before me, a Notary Public in and for said state, personally appeared Roy D. Buol and Kevin S. Firnstahl known to me to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed. PAUAEL z,, J. McCARRON Commission Number 772419 My Comm. Exp. t 3 2L)1. On this r day of Notary Public in the tate of Iowa My Commission expires Pa> , 2016, before me, a Notary Public in and for said state personally appeared Larry ._E. McDermott known to me to be the person(s) named in and who executed the foregoing instrument, and acknowledge that they executed the same as their voluntary act and deed. PAMELA J. McCARRON Commission Number 772419 My Comm. Exp., -ZL 3 ii /-d Innr/ ZIA.) Notary Public in t - ..tate of Iowa My Commission expires 4 - /