HomeMy WebLinkAbout~Master - Lease of Land on Sumner Avenue 01 - 12839
RETURN To: INST.NO.STORY COUNTY,IOWA
FILEDLED FOR RECORD
AMES CITY CLERK `
BOX 811 SEP 21 2001 PM
AMES IOWA 50010
SUTAN L VMDE KAMP,RecorderS-M--
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DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
Prepared by: John R.Klaus City of Ames Legal Department,515 Clark Avenue,Ames,Iowa 50010(Phone: 515-239-5146)
RESOLUTION NO. 01-418
RESOLUTION APPROVING THE LONG TERM LEASE OF LAND BY BY
THE CITY OF AMES TO RETAIL MANAGEMENT GROUP, INC.
BE IT RESOLVED by the City Council for the City of Ames,Iowa that the lease for a term
of twenty years by the City of Ames of its right, title and interest in land specifically described as:
Beginning at the Northeast corner of Lot 8,Block 4,Kingsbury's Addition to the City
of Ames; thence East 23.0 feet; thence South 87.0 feet; thence West 23.0 feet to the
Southeast corner of Lot 8,Block 4,Kingsbury's Addition;thence north along the east
line of said Lot 8, 87.0 feet to the point of beginning; containing 2,001 square feet,
to Retail Management Group, Inc., for and in consideration of an initial rent of$1,241 per annum,
to be increased every sixty months per the lease terms.
BE IT FURTHER RESOLVED that the Mayor is hereby authorized and directed to execute
a long term lease with respect to the above described land for and on behalf of the City of Ames,
Iowa and the City Clerk shall attest thereto.
Ac ted t �s day of sp , 2001.
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IZos ,vG`it Clerk Ted Tedesco, Mayor
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