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HomeMy WebLinkAbout~Master - Allocation of closing costs funds for purchase of property for trails between McCarthy Lee Park and Munn Woods RESOLUTION NO. 11-558 RESOLUTION APPROVING ALLOCATION OF FUNDS TO COVER SURVEY AND CLOSING COSTS FOR LAND ACQUISITION TO CONNECT TRAILS BETWEEN MCCARTHY LEE PARK AND MUNN WOODS FOR THE CITY OF AMES,IOWA WHEREAS, in June 2011, the Parks and Recreation Commission toured two privately held parcels of land adjacent to Clear Creek, and these two properties separate McCarthy Lee Park and Munn Woods; and, WHEREAS, in order to secure ownership and public access across these parcels, the City needs to obtain the parcels; and, WHEREAS, in October 2011, the Commission unanimously recommended that the City Council authorize staff to make a written offer to purchase these two properties; and, WHEREAS,the City can purchase the Benson property for$28,000,with the City incurring all associated expenses of the purchase, including appraisal, if required, survey, closing costs, etc.; and, WHEREAS, the Satterwhite-Weiner property owner has established a firm asking price of $50,000,with the City incurring all associated expenses of the purchase,including appraisal, survey, replatting the parcel, closing, costs, etc.; and, WHEREAS, staff estimates that it would cost a total of$5,000 to obtain an independent land appraisal for these two properties,and both land owners have stated that their asking prices are firm; and, WHEREAS, staff does not recommend expending City funds for land appraisals, since it would not affect the selling price; and, WHEREAS, it is recommended that the City initiate the necessary steps to accomplish these purchases at an estimated total cost of$6,000 to cover survey and closing costs. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the allocation of funds in the estimated amount of$6,000 to cover survey and closing costs for land acquisition to connect trails between McCarthy Lee Park and Munn Woods is hereby approved. ADOPTED THIS 13'day of December, 2011. A. x• C'...'eAW Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Goodman Seconded by: Wacha Voting aye: Davis, Goodman, Larson, Mahayni, Orazem, Wacha Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 13' day of December, 2011.