HomeMy WebLinkAboutA054 - Resolution No. 04-504 adopted November 23, 2004 RESOLUTION NO. 04-504
RESOLUTION ESTABLISHING ASSESSMENT AMOUNT
FOR DAYTON AVENUE IMPROVEMENTS
ASSOCIATED WITH EASTGATE SUBDIVISION
FOR THE CITY OF AMES
WHEREAS, the Eastgate Subdivision Covenant for Assessment and Costs of Improvements
for Dayton Avenue was made effective between the City Council and the developer on February 13,
2001; and,
WHEREAS, in this Covenant, the developer and the City agreed to develop an assessment
program to finance an additional lane of travel on Dayton Avenue between the north boundary of
Eastgate Subdivision and the intersection of East 13'Street and Dayton Avenue; and,
WHEREAS, the construction project will be by means of City-awarded contract to be paid
through special assessments to be levied against the lots of Eastgate Subdivision; and,
WHEREAS, the Covenant allowed for the lots within the Eastgate Subdivision to procure a
release from the assessment by paying off the established share for that parcel; and,
WHEREAS, six (6) of the 23 parcels have paid off the assessment costs; and,
WHEREAS,certain lots have been sold and developed with the assessment obligation paid;and,
WHEREAS, the cost estimate has been updated in the amount of$210,000 to reflect current
construction prices and engineering fees, and the assessment costs for the remaining lots will be
calculated according to this revised estimate.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa, that
the total estimated cost of$210,000 be established as the basis for assessment of Dayton Avenue
Improvements, as detailed in the Eastgate Subdivision Covenant for Assessment and Costs of
Improvements for Dayton Avenue.
ADOPTED THIS 23`d day of November, 2004.
Diane R.Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Cross
Voting aye: , Cross, Goodhue, Goodman, Mahayni,Vegge,Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23`d day of November, 2004.