HomeMy WebLinkAbout~Master - Amendment to purchase agreement for 2125 Furman Drive RESOLUTION NO. 07-525
RESOLUTION APPROVING AMENDMENT TO PURCHASE AGREEMENT
WITH HABITAT OF HUMANITY FOR 2125 FURMAN DRIVE
FOR THE CITY OF AMES
WHEREAS, at the City Council meeting on March 27, 2007, the City Council, as part of the
2006/07 Community Development Block Grant Neighborhood Sustainability Program, adopted a
resolution proposing the sale of the City-owned property at 2125 Furman Drive to Habitat for Humanity
of Central Iowa(HHCI); and,
WHEREAS, the proposed sale was scheduled to occur on or before February 28, 2008, if all
conditions of the purchase agreement for the rehabilitation and sale of the property were satisfied;and,
WHEREAS,HHCI has identified an approved family to purchase the property at 2125 Furman
Drive, however, due to the family size, an additional bedroom and bath will need to be added to the
home, which will require more intensive rehabilitation than first anticipated; and,
WHEREAS,in order to complete the additional space,HHCI is requesting a time extension for
the rehabilitation and closing of this property as follows: rehabilitation to be completed on or before
May 31,2008; and,closing to a qualified homebuyer to be completed on or before June 30,2008; and,
WHEREAS,the time extension of this agreement still requires HHCI to be responsible for the
care and maintenance of the property until the final closing.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa, that
the amendment to the Purchase Agreement with Habitat for Humanity of Central Iowa for property
located at 2125 Furman Drive is hereby approved.
ADOPTED THIS 18th day of December, 2007.
`4 f��i ���� Vim' �A�✓
Diane R. Voss, City Clerk Ann H. Campbell, May,
Introduced by: Popken
Seconded by: Goodman
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 18t1i day of December, 2007.