HomeMy WebLinkAbout~Master - Revision to Purchasing Agreement for 608 Durrell Circle RESOLUTION NO. 09-028
RESOLUTION APPROVING REVISION TO PURCHASING AGREEMENT
FOR PROPERTY LOCATED AT 608 DURRELL CIRCLE
FOR THE CITY OF AMES
WHEREAS, at its meeting of December 4, 2007, the City Council adopted a resolution
approving the sale of the City-owned property at 608 Durrell Circle to Habitat for Humanity of
Central Iowa(HHCI); and,
WHEREAS, the proposed sale was scheduled to occur on or before November 30, 2008, if
all conditions of the purchase agreement for the rehabilitation and sale of the property were satisfied;
and,
WHEREAS, at the Council meeting on December 9, 2008, the Council approved an
amendment to the Purchase Agreement to extend the rehabilitation and sale of the property as
follows: 1)rehabilitation to be completed on or before January 12,2009,and 2)closing to a qualified
homebuyer to be completed on or before January 31, 2009; and,
WHEREAS, Habitat for Humanity is requesting a second amendment to the Purchase
Agreement as follows: 1)rehabilitation to be completed on or before January 29, 2009, 2) closing
to a qualified homebuyer to be completed on or before February 18,2009,and 3)request for escrow
for the completion of the installation of a rear deck and landscaping due to weather restraints until
May 15, 2009; and,
WHEREAS, staff has reviewed this request in relationship to the conditions outlined in the
Purchase Agreement and is recommending the following: to approve a request to escrow funds for
the completion of the rear deck and landscaping due to weather restraints until May 15, 2009,with
the stipulation that a deposit of$1,500 will be provided to the City of Ames and held until work is
completed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the second amendment to the Purchase Agreement with Habitat for Humanity of Central Iowa
for the rehabilitation and sale of property at 608 Durrell Circle is hereby approved.
ADOPTED THIS 27th day of January, 2009.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
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 27t'day of January, 2009.