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HomeMy WebLinkAboutA064 - Excerpt of minutes from March 27, 2001 meeting Excerpt of minutes from the March 27, 2001, City Council meeting: Moved by Goodhue, seconded by Cross, to adopt RESOLUTION 01-109 approving the Somerset Urban Revitalization Plan, with the following stipulations: 1. Not less than ten single-family detached or attached housing units shall either be under construction or complete and offered for sale at all times. 2. With respect to the aforesaid housing units, special financing terms shall be offered to persons purchasing such units for their own occupancy in the form of interest write-downs or cash bonuses equaling, at a minimum, $3,000 up to $6,500 depending on the mortgage amount. 3. Purchasers of lots from the Developers will be eligible to receive house plans that have been approved to meet the architectural guidelines in Somerset. These plans will be provided to the lot purchaser free of charge. 4. Developers, with respect to newly constructed and never-occupied homes for sale in the Somerset Subdivisions, grant an additional $1,000 bonus (per sale)to the selling real estate agent that sells such a property in the Somerset Subdivisions. 5. Informational meetings are held for all real estate agents in the City of Ames to explain the village concept and to showcase the completed inventory available for sale in the Somerset Subdivisions. 6. The Developers will work continuously from January 1, 2001, to February 2, 2004, with a marketing firm that specializes in neo-traditional developments to implement a marketing strategy in accordance with the suggestions of that firm. 7. Civic groups are allowed to use the Somerset clubhouse free of charge on a one- time basis. 8. The Developers are continuing to develop the entire Somerset project as shown by the City-approved preliminary plat of Somerset as a village in accordance with the Zoning Change Agreement adopted for the Somerset Subdivisions. 9. The selling of new homes constructed in the Somerset Subdivision is, at all times while this Plan is in effect, open to all real estate agents of the local real estate market provided that the agents follow all the rules and procedures for Somerset. Roll Call Vote: 4-2. Voting aye: Campbell, Cross, Goodhue, Wirth. Voting nay: Hoffman, Quirmbach. Resolution declared adopted, signed by the Mayor, and hereby made a portion of these minutes. HEARING ON AMENDMENT TO THE URBAN REVITALIZATION PLAN FOR SOMERSET VILLAGE: The hearing was opened by Mayor Tedesco. There being no one wishing to speak, the hearing was closed. Moved by Goodhue, seconded by Cross, to adopt RESOLUTION NO. 0 1-110 approving an amendment to the Urban Revitalization Plan for Somerset Village restricting the abatement to single-family detached housin with the following stipulations: 1. Not less than ten single-family detached or attached housing units shall either be under construction or complete and offered for sale at all times. 2. With respect to the aforesaid housing units, special financing terms shall be offered to persons purchasing such units for their own occupancy in the form of interest write- downs or cash bonuses equaling, at a minimum, $3,000 up to $6,500 depending on the mortgage. 3. Purchasers of lots from the developers will be eligible to receive house plans that have been approved to meet the architectural guidelines in Somerset. These plans will be provided to the lot purchaser free of charge. 4. Developers, with respect to newly constructed and never-occupied homes for sale in the Somerset Subdivisions grant an additional $1,000 bonus (per sale) to the selling real estate agent that sells such a property in the Somerset Subdivisions. 5. Informational meetings are held for all real estate agents in the City of Ames to explain the village concept and to showcase the completed inventory available for sale in the Somerset Subdivision. 6. Civic groups are allowed to use the Somerset clubhouse free of charge on a one-time basis. 7. The selling of new homes constructed in the Somerset Subdivision is, at all times while this Plan is in effect, open to all real estate agents of the local real estate market, provided that the agents follow all the rules and procedures of Somerset. 8. The developers are continuing to develop the entire Somerset project as shown by the City-approved preliminary plat of Somerset as a village in accordance with the Zoning Change Agreement adopted for the Somerset Subdivisions. 9. The developers and the City share the cost for Zimmerman/Volk to perform a Market Position Analysis. Roll Call Vote: 6-0. Resolution declared adopted unanimously, signed by the Mayor, and hereby made a portion of these minutes. Moved by Goodhue, seconded by Cross, to pass on first reading an ordinance establishing the Somerset Village Urban Revitalization Area. Roll Call Vote: 4-2. Voting aye: Campbell, Cross, Goodhue, Wirth. Voting nay: Hoffman, Quirmbach. Motion declared carried.