HomeMy WebLinkAbout~Master - Contract for purchase of 621 Fifth Street RESOLUTION NO. 04-185
RESOLUTION APPROVING CONTRACT FOR PURCHASE
OF PROPERTY AT 621 FIFTH STREET
FOR THE CITY OF AMES
WHEREAS,William Sexton,representing his mother, Erma Sexton,has offered to sell the
property at 621 Fifth Street to the City for $135,000; and,
WHEREAS, the property is located just west of the City Hall's west parking lot; and,
WHEREAS,staff evaluated the purchase opportunity with respect to expanding the parking
facilities, both for the downtown area, the expected Veterans Memorial, and possibly to facilitate
future expansion of City Hall; and,
WHEREAS, the property carries a 2004 property assessment of$133,600; and,
WHEREAS,the purchase cost of$135,000,asbestos abatement($5,000),as well as money
for demolition ($20,000)have been included in the 2003/04 amended budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the purchase contract for the property at 621 Fifth Street from Erma Sexton in the amount of
$135,000 is hereby approved.
ADOPTED THIS 11"'day of May, 2004.
C���:�
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Mahayni
Voting aye: Cross, Goodhue, Goodman, Mahayni, Vegge
Voting nay: None Absent: Wirth
Resolution declared adopted and signed by the Mayor this 11"day of May, 2004.