HomeMy WebLinkAbout~Master - Transfer of land for Grand Avenue Extension Project RESOLUTION NO. 08-230
RESOLUTION APPROVING TRANSFER OF LAND FOR
GRAND AVENUE EXTENSION PROJECT
(SQUAW CREEK DRIVE TO LINCOLN WAY)
FOR THE CITY OF AMES
WHEREAS,The Ames Area Metropolitan Planning Organization's(AAMPO)Long Range
Transportation Plan identifies the need to extend Grand Avenue from Lincoln Way to South 16t'
Street as a strategy to relieve congestion from the Lincoln Way/Duff Avenue area; and,
WHEREAS, as part of the project, purchase agreements, a tenant purchase agreement,
permanent utility easements, and temporary construction easements are needed; and,
WHEREAS, Tall Timber Investments,LLC,has signed a warranty deed,the City's offer to
purchase, and a temporary easement agreement that includes acquisition of Tall Timber's portion
of the former railroad right-of-way; and,
WHEREAS, compensation for this deed and agreement, following federal funding
guidelines, is in the amount of$77,450; and,
WHEREAS, as part of a real estate contract between the City of Ames and Tall Timber
Investments,LLC,a$10,000 down payment was made to Tall Timber on October 2,2003,therefore,
the compensation made at this time will be $67,450; and,
WHEREAS, this acquisition is the final property negotiation for the current phase of the
Grand Avenue Extension.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the transfer of land from Tall Timber Investments, LLC, is hereby accepted, and the warranty
deed and purchase agreement are hereby approved.
ADOPTED THIS 10' day of June, 2008.
C�?. UJAJ-& A. Vim- �l�v
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
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 10' day of June, 2008.