HomeMy WebLinkAbout~Master - Purchase agreement for 328 South Russell Avenue RESOLUTION NO. 07-079
RESOLUTION APPROVING PURCHASE AGREEMENT FOR
328 SOUTH RUSSELL AVENUE IN CONNECTION WITH THE
CDBG SLUM AND BLIGHT PROGRAM
FOR THE CITY OF AMES
WHEREAS, under the City's 2006/07 Community Development Block Grant (CDBG)
Amended Annual Action Plan Projects, staff will be implementing a Slum and Blight Program; and,
WHEREAS,under this program,no more than 30% of CDBG allocations would be used for
the acquisition,relocation of any displaced residents, and demolition of the properties located within
the 1% annual change flood; and,
WHEREAS, under this program, it would be the City's intent to purchase and remove the
remaining three residential structures from this part of the floodway fringe as a matter of good
floodplain management,public safety, and land use compatibility; and,
WHEREAS,the City has the opportunity to purchase one of these properties which is located
at 328 South Russell Avenue; and,
WHEREAS, after demolition, the City will restore the site as open space with appropriate
natural vegetation and will become a part of the surrounding Stuart Smith Park; and,
WHEREAS,the property owners have accepted an offer from the City to purchase the property
in the amount of$68,104.00 subject to approval by the Council and the Department of Housing and
Urban Development's (HUD's) approval of the release of funds for the program.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the Purchase Agreement for property at 328 South Russell Avenue between the City of Ames and
William and Deborah Young in connection with the CDBG Slum and Blight Program is hereby
approved.
ADOPTED THIS 131h day of February, 2007.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Rice
Seconded by: Popken
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 13' day of February, 2007.