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RESOLUTION NO. AV— <br /> RESOLUTION APPROVING AND ACCEPTING <br /> ONE CERTAIN AGREEMENT RE WOODLANDS <br /> PARKWAY IMPROVEMENTS, AND A LETTER OF CREDIT <br /> AND ESCROW OF WARRANTY DEED IN RELATION THERETO <br /> WHEREAS, Mid America Investment Co. has submitted to the <br /> City of Clive, Iowa, an Agreement entitled Agreement Re Woodlands <br /> Parkway Improvements, and a Letter of Credit and a Warranty Deed <br /> to be held in escrow pursuant to the terms of said Agreement; and <br /> WHEREAS, the City Council of the City of Clive, Iowa, is <br /> desirous of accepting said Agreement re Woodlands Parkway <br /> Improvements and said Letter of Credit, and authorizing the City <br /> Attorney to hold said Warranty Deed in escrow pursuant to the <br /> terms of said Agreement. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF CLIVE, IOWA: <br /> 1. That the Agreement Re Woodlands Parkway Im- <br /> provements, a copy of which is attached hereto and by <br /> this reference incorporated herein, be and is hereby <br /> approved and accepted by this City Council; and the <br /> Mayor is hereby authorized and directed to execute said <br /> Agreement Re Woodlands Parkway Improvements on behalf <br /> of the City of Clive, Iowa; and the City Clerk is <br /> hereby authorized and directed to attest to the <br /> signature of the Mayor, to affix the seal of the City <br /> thereto, and to cause said Agreement to be recorded in <br /> the office of the Polk County, Iowa, Recorder. <br /> 2. That the Letter of Credit attached to said <br /> Agreement as Exhibit "C" be and is hereby approved and <br /> accepted by this City Council on behalf of the City of <br /> Clive, Iowa. <br /> 3. That the City Attorney for the City of Clive, <br /> Iowa, be and is hereby authorized and directed to act <br /> as escrow agent pursuant to the terms of said Agreement <br /> with respect to the Warranty Deed attached to said <br /> Agreement as Exhibit "D <br /> PASSED AND APPROVED THIS 31st day of August, 1989. <br /> lY� <br /> O \Gen- oxx" M or <br /> ATTEST: <br /> By: J.CC C�' M /W? <br /> jorie&S. Roberts, City Clerk <br />