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HomeMy WebLinkAboutA020 - Second Amendment to Contract Rezoning for 798 N. 500th Avenue dated February 28, 2023 f k i f f I Instrument 14: 2023-01164 03/03/2023 09:37:38 AM Total Pages: a 00 OTHER T R Recording Fee, 22.00 Stacie Herridge, corde r, Story County IorwamillW& V1 11140011 W�rj� r W11 13 111 1u ti1 ®I IIII SPACE A 13 O V E RESERVED FOR OFFICIAL USE Ug_Aldescription•Seepage I-2, Return document to: City Clerk,515 ClarkAyemue,Ames IA50010 Document prepared by: Mark 0.Lambert,City ofAmes Legal Deparhnent,515 ClaikAve.,Ames,IA 50010--515-239-5146 SECOND AMENDMENT TO CONTRACT REZONING AGREEMENT FOR ADOPTION OF THE MASTER PLAN FOR 798 N. 500n AVENUE THIS IS AN AMENDMENT to an Agreement made by and between the City of Ames, Iowa and Hunziker Development Group, LLC, upon the following terms and conditions: 1 DEFINITIONS. When used in this Amendment, unless otherwise required by the context: 1.1 "City"means the City of Ames,Iowa,an Iowa Municipal Corporation,the seller of the property herein. 1.2 "Developer" means Hunziker Development Group, LLC, an Iowa limited liability company. 1.3 "Agreement" means the recorded Agreement, presently in force between the City and Developer, filed in the office of the Recorder of Story County, Iowa, on August 15, 2022, as Instrument No. 2022-08152, which was a contract rezoning agreement with master plan, which set certain conditions for a rezoning of real property locally known as 798 N. 5001 Avenue,Ames,Iowa. 1.4 "First Amendment" means the recorded Amendment, presently in force between the City and the Developer, filed in the office of the Recorder of Story County, Iowa, on January SO , 2023, as Instrument No. 2023-Go ,1 in which the Agreement was amended to temporarily permit the Developer to provide the City with a irrevocable,unconditional letter of credit in the amount of 2023-01164 00 03/03/2023 09;37:38 AM Page 2 of 4 $604,725 in lieu of a cash payment owed by Developer to the City as required by the Agreement. 1.5 "Site" means the real property located at 798 N. 500th Avenue, Ames, Iowa, the legal description for which is as follows: Parcel "N" a part of the N 113 of the N 112 of the SW FA 114 and of the N 113 of the West 112 of the NW 114 of the SE 114 of Section 6, Township 83 North, Range 24 West of the 5th P.M., Story County, Iowa, as shown on the Plat of Survey recorded on December 15, 2003, as Instrument No. 03-24692, Slide 191, Page 1 -AND -Parcel `P"a part of the N113 ofN112 of the SWFrl. 114 and of the N113 of the W 112 of the NW 114 of the SE 114 of section 6, Township 83 North, Range 24 West of the 5th P.M., Story County, Iowa, as shown on the Plat of Survey recorded on December 15, 2003, as Instrument No. 03-24892, Slide 191, Page 2. 2 CIRCUMSTANCES. The Developer has requested certain changes to the conditions imposed by the Agreement due to a change in the number of road connection points requested by City staff, which necessitates a change in the master plan. Developer has also requested an increase to the number of dwelling units allowed upon the Site from no more than 65 units to up to 75 units. 3 AMENDMENT. The Agreement is hereby amended at Part I(a) by amending and increasing the"65 dwelling unit"limit to a new limit of"75 dwelling units" 4 AMCNDMENT. The Agreement is further amended by deleting Exhibit A and substituting therefore a new Exhibit A(Master Plan) attached hereto and made a part of this Amendment. 5 CONTINUED FULL FORCE. The Agreement and the First Amendment shall continue to have full force and effect in accordance with the terms thereof,subject,however,to this Second Amendment. IN WITNESS WHEREOF, the City and the Developer have executed this Second Amendment on this 2$ — day of February 2023. IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed effective as of the date first above written. DEVELOPER: RUNZIE ER DEVELOPMENT GROUP,LLC B • Justin Dod ,Manager STATE OF IOWA,COUNTY OF STORY,SS.: i i } 2023-01164 00 03/03/2023 09:37:38 AM Page 3 of 4 This instrument was acknowledged before me on an ,2023,by Justin Dodge,as Manager of Hunziker Development Group,LLC, MARCIA KRAUSE C0MM}Ww HuMbef E03�020 NOTARY PUBLIC Passed and approved on February 2023,by Resolution No.23- 1 b ! adopted by the City Council of the City of Ames,Iowa. CITaAME A B John A.Halla,Mayor Attest: Renee VaH,City Clerk STATE OF IOWA,COUNTY OF STORY,SS.: This instrument was acknowledged before me on February AF ,2023,by John A.Haila and Renee Hall,as Mayor and City Clerk,respectively,of the City of Ames,Iowa. � GRACE BANDSTRA NOT Y PUB F Cotrxnfsslon Number e41947 My CounmiWon EgAm 2023-01164 00 03/03/2023 09:3T38 AM Page 4 of 4 REVISED MASTER PLAN—Exhibit `A' zX 1"Zr�41,Qk , Jr^y�.I ► + (Jy�y/J� 1 ~1"�'I A .''. et( OE Uj gill VIA ON N1 �'% .5.�1 R,,i �i,•1 r.YO• to• r,,.,�'..3r.t3-1 t q,Z "�,r`j;•• ,�I..� Y fd a 1;t•41:..•`.'!���'~�y[.��1.�.�'7 —�� •'''�°�� '. rn�r.r„r��1�i'� M��f!,.�t� p �J . � N v� �/�\i.r <.•F+3�'` ^� J� `;•''•f', r„af'�•� f�.>,;�,�.� 01 R al � � i•'r�' �j,`�1� �•f „i•",.,y L��', �1 $@C.L;: �� it � C � Jsil��e•'.!}rr ;i>:r .��\\\.�../ \�'s�•k'',;���i,, tyro�,,�i o 5 .1'"', `` '7,• Y k .•.I�1 �,��.��1ry,I��� ,1+ i{yf.r 4 7}•r'�� !�� all j ;' , i'i• •'l.•i, 1 ,rrr`���i 1��1 �i+r� il�,�.i,' t{�,..+q`��� a O o..�.�r....`...�r�' si.y.,='��•'� 'vim - � ._. .« 1 ..c.• +••, � no SISS .. 1