The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #18-74
Approving agreement between Faust Construction, Inc., Brandon and
Ashley Faust, and the City of Monticello
WHEREAS, Bob Faust developed Willow Ridge 4th Addition, and
WHEREAS, Due to a serious medical condition Bob Faust was unable to complete the public improvements along the last section of Grandview Drive and due thereto said section of street has not been accepted by the City, and
WHEREAS, Faust, through his POA Brandon Faust, has agreed to a plan that involved the City contracting for the completion of the improvements with the understanding that Faust will agree to a promissory note and mortgage against the remaining unencumbered lots within Willow Ridge 4th Addition, in favor of the City, with the City to be reimbursed by Faust upon the sale of the next lot or lots until the balance due the City is paid in full, and
WHEREAS, The Council finds that it is in the best interests of the City to have the street extension completed in accordance with City requirements and to thereafter accept the dedication of the street and other public improvements, and based thereon finds that the agreement as proposed, a copy of same being appended hereto, is appropriate, in the best interests of the City, and should be approved.
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the Agreement between the City of Monticello and Bob Faust Construction and Brandon and Ashley Faust and directs the City Administrator to prepare all paperwork necessary to place a legally enforceable lien on the remaining lots in Willow Ridge 4th Addition.
IN THE TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 18th day of June, 2018.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk