HomeMy WebLinkAbout~Master - Contract for Purchase of Land for Future Southeast Well Field RESOLUTION NO. 00-247
RESOLUTION APPROVING THE REAL ESTATE CONTRACT
WITH THE MARY T. WATKINS TRUST
FOR PURCHASE OF 39.9 ACRES OF LAND
FOR A FUTURE WATER SUPPLY WELL FIELD
FOR THE CITY OF AMES,IOWA
WHEREAS,on October 26, 1999,City Council approved initiation of appraisals to purchase
land for a future water supply well field southeast of Ames and east of Interstate 35; and,
WHEREAS, staff has negotiated to purchase two adjacent parcels of land for this well field;
and,
WHEREAS,a contract to purchase 39.9 acres from the Mary T. Watkins Trust for$130,900
has been prepared; and,
WHEREAS, following the purchase, the land will be leased back to the Mary T. Watkins
Trust for $75/acre for five years with annual renewals until development of the wells; and,
WHEREAS,the cropland will remain in production,and the City will receive income from
the property; and,
WHEREAS,after development of the wells,most of the land will remain as leased cropland
with controlled buffers around the wells.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the real estate contract between the City of Ames and the Mary T.Watkins Trust relating to the
purchase of 39.9 acres for$130,900 is hereby approved.
ADOPTED THIS 23rd day of May, 2000.
o ld
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Hoffman
Seconded by: Cross
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23rd day of May, 2000.