HomeMy WebLinkAbout~Master - Release of Development Agreement for South Duff Community Park Subdivision RESOLUTION NO. 01-440
RESOLUTION APPROVING RELEASE AND SATISFACTION
OF DEVELOPMENT AGREEMENT
FOR SOUTH DUFF COMMUNITY PARK SUBDIVISION
FOR THE CITY OF AMES,IOWA
WHEREAS, as a condition for approval of the final plat for South Duff Community Park
Subdivision, an Agreement was made to (1) secure payment of the City's engineering costs, (2)
secure the construction of a sidewalk, and (3) ensure that the land owners would not protest and
challenge special assessments for street improvements, sanitary sewer, water main, bike path and
street lights; and,
WHEREAS, the Agreement is a recorded covenant that runs with the land; and,
WHEREAS,all of the public improvements have been completed,and the final assessments
certified to the Story County Treasurer on October 24, 2000; and,
WHEREAS, the time for any legal challenge to the assessments has passed; and,
WHEREAS,the required sidewalk is in place,and all the engineering costs of the City have
been paid; and,
WHEREAS,Commercial Federal Bank,a mortgagee of Lots 2,3,and 4 of the Subdivision,
now asks that the satisfaction and release of the Development Agreement be shown in the land
records.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Release and Satisfaction of Development Agreement for South Duff Community Park
Subdivision is hereby approved.
ADOPTED THIS 25th day of September, 2001.
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Diane R.Voss,City Clerk Ted Tedesco,Mayor
Introduced by: Goodhue
Seconded by: Hoffman
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25th day of September, 2001.