HomeMy WebLinkAbout~Master - Master Developer's Agreement for Campustown Redevelopment Project RESOLUTION NO. 10-239
RESOLUTION APPROVING MASTER DEVELOPER'S AGREEMENT
FOR CAMPUSTOWN REDEVELOPMENT PROJECT
FOR THE CITY OF AMES
WHEREAS,on April 27,2010,the City Council selected Lane4 Property Group,Inc.,to be
the Master Developer for the Campustown Redevelopment Project,and at that time, staff informed
the Council that the next step would be to approve a Master Developer's Agreement with Lane4;
and,
WHEREAS, this interim step is justified,because Lane4 will be expending a considerable
amount of time and money to determine the feasibility of a redevelopment project, and, as a result,
Lane4 needs some assurance that the City and Iowa State University will not work with any other
development group for an agreed upon period of time.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Master Developer's Agreement with Lane4 Property Group, Inc., for the Campustown
Redevelopment Project is hereby approved.
ADOPTED THIS 25`'' day of May, 2010.
. LO-J,& A.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Mahayni
Seconded by: Davis
Voting aye: Davis, Mahayni, Orazem, Wacha
Voting nay: None Abstaining: Goodman
Absent: Larson
Resolution declared adopted and signed by the Mayor this 25t'day of May, 2010.