HomeMy WebLinkAbout~Master - Purchase agreement for property in Stone Brooke, 6th Addition RESOLUTION NO. 01-107
RESOLUTION APPROVING THE PURCHASE
OF 11.9 ACRES OF PROPERTY IN THE
STONEBROOKE SUBDIVISION, 6TH ADDITION,
FOR A STORM WATER CLEANSING FACILITY
FOR THE CITY OF AMES,IOWA
WHEREAS,when the City Council approved the Storm Water Management Plan for the Hallett's
Quarry Watershed,one of the recommendations was to proceed in acquiring the property associated with
the construction of the primary regional storm water treatment ponds; and,
WHEREAS, the Watershed Study indicated that the principal "Best Management Practice"
recommended to improve the water quality in Hallett's Quarry is the construction of detention basins or
"wet ponds;"and,
WHEREAS, staff has proceeded with the appraisal of the property associated with one of the
detention basins,proposed to be located in the area of an existing wetlands that is part of the Stonebrooke,
6th Addition; and,
WHEREAS,this property encompasses 11.9 acres and has been appraised at$36,000 for purposes
of acquisition of the fee title; and,
WHEREAS,the owners of the property,Stonebrooke,L.L.C.,have indicated that they believe the
property is more valuable than is reflected by the appraisal; and,
WHEREAS, as a result of negotiations, staff has offered the owners of the property$50,000 for
the 11.9 acres,which equates to approximately$4,200/acre, and Stonebrooke,L.L.C.,has accepted this
offer and signed the Real Estate Contract.
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 Stonebrooke,L.L.C., is hereby approved.
ADOPTED THIS 27th day of March,2001.
Diane R. Voss, City Clerk Ted Tedesco,Mayor
Introduced by: Cross
Seconded by: Wirth
Voting aye: Campbell, Cross, Goodhue,Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 27th day of March, 2001.