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HomeMy WebLinkAbout~Master - Request for time extension at North Grand Mall RESOLUTION NO. 11-019 RESOLUTION APPROVING TIME EXTENSION REQUEST FOR PARKING LOT IMPROVEMENTS AT NORTH GRAND MALL (STREETS OF NORTH GRAND) FOR THE CITY OF AMES,IOWA WHEREAS, in July 2007, the City Council approved a Final Plat, Adaptive Re-Use Plan, and Development Agreement for the Streets of North Grand; and, WHEREAS,at that time,it was envisioned that the North Grand Mall Area would include expanded retail space in the form of a new life-style center to the south of the current site; and, WHEREAS, the Development Agreement created certain responsibilities for the Mall owners, one of which is to reconfigure the parking area on Lot 2 to comply with the City's minimum off-street parking standards by no later than one year from the recording of the Final Plat; and, WHEREAS,because of the down turn in the economy,no progress was made towards implementing this vision, and,therefore, in response to the Mall owners' request, the Council granted a one-year extension to this obligation in June 2008; and, WHEREAS, as the economy failed to improve, once again,the owners requested and received a second extension in July 2009; and, WHEREAS,in July 2010,the owners requested a third extension,which was for,six months,to allow time to lease space and prepare a new adaptive reuse plan; and, WHEREAS,the owners now indicate that they have abandoned the Streets of North Grand plan and now want to reutilize as much of the existing spaces as they can; and, WHEREAS, the third extension is due to expire on January 18, 2011, and GK Development is now requesting a fourth extension; and, WHEREAS, if the extension is not granted,the City will be able to cash in a bond that was provided as security for this obligation and hire a contractor to reconfigure the lot as required in the Development Agreement; and, WHEREAS, in order to achieve the owners' new vision for this development, it appears that a new site/Adaptive Re-Use Plan must be approved by the City Council,and in order to provide sufficient time to develop, process, and approve this new plan,the owners' are seeking another extension of the requirement to reconfigure the parking lot. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the request to extend the deadline for an additional six months(to July 18,2011)for reconfiguring the parking on Lot 2 at the North Grand Mall is hereby approved. ADOPTED THIS 11t`day of January, 2011. Diane R. Voss, City Clerk Ann H. Campbell,Mayor Introduced by: Goodman Seconded by: Orazem Voting aye: Davis, Goodman,Larson, Orazem,Wacha Voting nay: None Absent: Mahayni Resolution declared adopted and signed by the Mayor this 11'day of January, 2011.