HomeMy WebLinkAbout~Master - Land Lease Agreement for Ames Intermodal Facility RESOLUTION NO. 11-033
RESOLUTION APPROVING LAND LEASE AGREEMENT
FOR AMES INTERMODAL FACILITY
FOR THE CITY OF AMES, IOWA
WHEREAS,in February 2010,the U.S.Department of Transportation awarded$8.463 million
to the Ames community for a Transportation Investment Generating Economic Recovery (TIGER)
grant to construct an Intermodal Facility; and,
WHEREAS, the site selected for this facility is located at Hayward Avenue and Chamberlain
Street near the Campustown area and is owned by Iowa State University(ISU); and,
WHEREAS, since the new facility will be owned by the Ames Transit Agency (CyRide), a
lease agreement has been developed to allow construction of the facility at this site; and,
WHEREAS, the agreement contains the following basic assumptions: 1) the facility will be
owned by the Ames Transit Agency with no rental cost; 2) the term of the lease will be for 41 years;
3) ISU reserves the right to approve modifications to the use of the site and sub-letting of the facility;
4)the Ames Transit Agency will hold the University harmless for liability claims;5)construction must
begin within three years, and if the facility is destroyed due to a natural disaster or criminal act,it must
be reconstructed within two years; and, 6) termination and expiration conditions are included that
require negotiations among the Ames Transit Agency,ISU, and the Federal Transit Administration to
reach an agreement regarding the disposition of any building and improvements on the site; and,
WHEREAS, under the terms of the grant agreement, CyRide must begin construction of the
facility no later than March 15, 2011; and,
WHEREAS,in order to accomplish this deadline,the land lease and construction contract must
be approved prior to this date; and,
WHEREAS, to date, the Ames Transit Agency Board of Trustees and Federal Transit
Administration have reviewed the lease and approved its provisions, and the State Board of Regents
will review the draft lease at its meeting on February 3, 2011.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the land lease with Iowa State University for the Ames Intermodal Facility site is hereby approved,
subject to approval by the State Board of Regents.
ADOPTED THIS 25' day of January, 2011.
11
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Davis
Seconded by: Wacha
Voting aye: Davis, Goodman, Larson, Orazem, Wacha
Voting nay: None Absent: Mahayni
Resolution declared adopted and signed by the Mayor this 25' day of January, 2011.