HomeMy WebLinkAbout~Master - Purchase agreement for 245 acres at Hallett's Quarry RESOLUTION NO. 01-183
RESOLUTION APPROVING"CONDITIONAL" PURCHASE AGREEMENT
WITH HUBBELL REALTY COMPANY FOR
APPROXIMATELY 245 ACRES AT HALLETT'S QUARRY
FOR THE CITY OF AMES,IOWA
WHEREAS,for over a year,City staff has been working with representatives of the Hubbell
Realty Company to develop a mutually acceptable purchase agreement for the Hallett's Quarry
property; and,
WHEREAS,the effort to purchase the property is consistent with the City Council's goal to
develop this area into a public open space to promote passive recreation opportunities and to protect
our secondary water supply; and,
WHEREAS, the Hallett's property includes approximately 127 acres of lake and 141 acres
of surrounding land; and,
WHEREAS, the Hubbell Company has a purchase option on this 268 acres, and therefore,
has the legal right until January 31, 2001, to sell this property to the City; and,
WHEREAS, realizing that any final decision to move ahead with the development of this
area as an open space is contingent upon the citizens approving a bond referendum, City staff is
recommending approval of a"Conditional"Purchase Agreement,containing certain conditions that
must be met before either party will be bound to proceed with the purchase.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the "Conditional" Purchase Agreement with Hubbell Realty Company for approximately 245
acres at Hallett's Quarry is hereby approved.
ADOPTED THIS 8th day of May, 2001.
toe
Diane R.Voss,City Clerk Ted Tedesco,Mayor
Introduced by: Quirmbach
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 8th day of May, 2001.