HomeMy WebLinkAbout~Master - Lease of City-owned land located on Sumner Avenue 02 - 13508
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STORY COUNTY,IOWA
AMES CITY CLERK FILED FOR RECORD
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AMES IOWA 50010 AJVr SEP 0 6 2002 PM \ D
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Prepared by: John R.Klaus,City of Ames Legal Department,515 Clark Avenue,Ames,Iowa 50010(Phone: 515-239-5146)
RESOLUTION NO. 02-447
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:
A portion of Sumner Avenue adjacent to the East line of Lots 5 and 8 in Block 4 of
Kingsbury's Addition to Ames, Iowa, being more particularly described as follows:
Beginning at the Southeast corner of said Lot 8;thence N 00°29'05"W,87.00 feet along the
east line of said Lots 8 and 5; thence N 89°30'55"E, 23.00 feet; thence S00°29'05"E 87.00
feet to a point on the south line of Sumner Avenue; thence S89°30'55W, 23.00 feet to the
point of beginning,containing 2001.00 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.
Adsp ted this, 13th day of August 2002.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
R957A,revised 7-18-02