HomeMy WebLinkAbout~Master - Purchase agreement for 443 South Maple Avenue RESOLUTION NO. 08-028
RESOLUTION APPROVING PURCHASE AGREEMENT FOR
443 SOUTH MAPLE AVENUE IN CONNECTION
WITH THE FLOOD BUY-OUT PROGRAM
FOR THE CITY OF AMES
WHEREAS, one of the major goals of the City's 1990-96 Flood Recovery Buy-Out was to
acquire and demolish all properties located within the 1%annual change flood(I00-year flood) and
the floodway fringe; 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 heirs of the estate of Donald Jackman have offered the City an opportunity
to purchase the property located at 443 South Maple Avenue,and staff would like to proceed with an
offer in the amount of$13,100; and,
WHEREAS, flood-buy-out dollars are no longer available through the Federal Emergency
Management Agency (FEMA), and Community Development Block Grant (CDBG) funds for
acquisition and demolition are not likely available until next spring;thus, staff would like to proceed
with an offer to purchase the property utilizing the Council Contingency Fund, which currently has
a balance of approximately$50,000.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the Purchase Agreement for property located at 443 South Maple Avenue in the amount of$13,100
in connection with the City's Flood Buy-out Program is hereby approved.
ADOPTED THIS 22"d day of January, 2008.
� & A. "41. use
Diane R. Voss, City Clerk Ann H. Campbell, Mayor OF
Introduced by: Doll
Seconded by: Rice
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22°d day of January, 2008.