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Home My WebLink AboutA064 - Emails regarding Outstanding Fees to the City - September 2014 - May 2015 Page 1 of 2 Fw: Duane R Pitcher to: Brian-Phillips C0,5/2242,015 1-0:47 AM Show Details' Duane Pitcher, CPA, CPFO Director of Finance City of Ames 515 Clark Avenue P.O. Box 811 Ames, Iowa 50010 Phone (515) 239-5114 -----Forwarded by Duane R Pitcher/COA on 05/22/2015 10:46AM ----- To: kfriedrich@friedrich-realty.com From: Duane R Pitcher/COA Date: 09/04/2014 01:15PM Cc: Diane R Voss/COA@COA, John C Joiner/COA@COA, Judy K Parks/COA@COA Subject: (Untitled) (See attached file: Eastgate Outstanding Fees Sept2014.x1s) Kurt, Diane Voss asked me to contact you related to outstanding development fees for the lots in the Eastgate Subdivision currently held by First National Bank. As you probably know, the developer of this subdivision went through a bankruptcy process. Much of the fees and outstanding changes due to the City were paid either through the bankruptcy settlement process or by First National Bank after they become owners of the property. The fees remaining are related to the allocation of the cost of improvements to Dayton Avenue and are due upon sale or transfer of ownership. The amounts due by property are provided below and in the attached spreadsheet. Please let me know if you need any additional information. Eastgate Subdivision Improvement Outstanding Fees to City Dayton Ave. Assessor Code Address Lot No. Cost Alloc. 05-36-478-040 1428 Boston Ave. 8 $6,510.00 file:///C:/Users/brian.phillips/AppData/Local/Temp/notesFFF692/—webO938.htm 8/31/2015 . � ^ Re: Diane John Duane FlP�ohmr to:� ' 0910812014 �00PM Parks '� View: (Mail Threads) Diane, Judy, John, From our meeting I recall that we determined that the outstanding fees would be due to the City upon sale nr development by First National. Judy, I think you found some specific language-would you like to respond to Kurt? Otherwise | can simply respond that the fees are due when Friedrich purchases the lots. Duane Duane Pitcher, CPA' CPFD ' * Director ofFinance City ofAmes - 515 Clark Avenue P.O. Box 811 Ames, Iowa 50010 Phone (515) 239-5114 --'"KurtFhedhohBvoker/Ownnr, CRS" <kfhadhoh@fredhoh'rea|ty.oum>vvrote: --- To: Duane R PitcherxDPitohnr@oity.amesja.us» From: "Kurt Friedrich Broker/Owner, CRS"<kfriedrich@friedrich-realty.com> Date: 00/04/2U14U2:13PK8 Cc: Diane R Voss <DVoss@city.ames.ia.us>, John C Joiner<JJoiner@city.ames.ia.us>, Judy K Parks < JPorks@oity.omesja.us> Subject: Re: Thanks All for the follow up. Appreciate the information. For clarification--if we bought all of the lots from the bank..,with the intention of marketing and selling off sites...wewouldn't be responsible for paying these fees until Friedrich sold a lot or lots to o third party? |. E. When Friedrich sells 1428 Boston to"John Smith", we would pay$6510 to the COA. Thanks, Kurt On Sep 4. 2014. nt1:15 PyW. "Duane R Pitcher"<DPitoher@oity.emeajo.ua>wrote: Kurt, Diane Voss asked me to contact you related to outstanding development fees for the lots in the Eastgate Subdivision currently held by First National Bank. Ao you probably know, the developer Page 1 of 2 Duane R Pitcher to: kfriedrich- 0-_4/2Q_1_4-05:3 8 PM Cc: Diane R Voss, John C Joiner, Judy K Parks Show Details Kurt, Diane Voss asked me to contact you related to outstanding development fees for the lots in the Eastgate Subdivision currently held by First National Bank. As you probably know, the developer of this subdivision went through a bankruptcy process. Much of the fees and outstanding changes due to the City were paid either through the bankruptcy settlement process or by First National Bank after they become owners of the property. The fees remaining are related to the allocation of the cost of improvements to Dayton Avenue and are due upon sale or transfer of ownership. The amounts due by property are provided below and in the attached spreadsheet. Please let me know if you need any additional information. Eastgate Subdivision Improvement Outstanding Fees to City Dayton Ave. Assessor Code Address Lot No. Cost Alloc. 05-36-478-040 1428 Boston Ave. 8 $6,510.00 05-36-478-030 1506 Boston Ave. 9 $6,510.00 05-36-478-020 1514 Boston Ave. 10 $6,510.00 05-36-478-010 1522 Boston Ave. 11 $6,510.00 05-36-476-060 1519 Baltimore Dr. 12 $13,860.00 05-36-476-050 1511 Baltimore Dr. 13 $13,860.00 , r06-5-� 4 76:040 -15 3o ( IS So p60P-la 09 8010-0:0=1 1 1� 05-36-476-030 1425 Baltimore Dr. 15 $6,930.00 file://C:\Documents and Settings\diane.voss\Local Settings\Temp\notesElEF34\-web3333.... 9/4/2014 Page 2 of 2 05-36-476-020 1415 Baltimore Dr. 16 $6,930.00 05-36-476-010 1405 Baltimore Dr. 17 $6,930.00 05-36-480-030 1429 Boston Ave. 21 $6,930.00 05-36-480-020 1510 Baltimore Dr. 22 $6,300.00 05-36-480-010 1502 Baltimore Dr. 23 $6,930.00 $132,720.00 Thanks, Duane Duane Pitcher, CPA, CPFO Director of Finance City of Ames 515 Clark Avenue P.O. Box 811 Ames, Iowa 50010 Phone (515) 239-5114 file:HC:\Documents and Settings\diane.voss\Local Settings\Temp\notesElEF34\—web3333.... 9/4/2014 s A n Eastgate Subdivision Improvement Outstanding Fees to City Dayton Ave. Assessor Code Address Lot No. Cost Alloc. 05-36-478-040 1428 Boston Ave. 8 $ 6,510.00 05-36-478-030 1506 Boston Ave. 9 $ 6,510.00 05-36-478-020 1514 Boston Ave. 10 $ 6,510.00 05-36-478-010 1522 Boston Ave. 11 $ 6,510.00 05-36-476-060 1519 Baltimore Dr. 12 $ 13,860.00 05-36-476-050 1511 Baltimore Dr. 13 $ 13,860.00 05-36-476-040 1509 Baltimore Dr. 14 $ 38,010.00 05-36-476-030 1425 Baltimore Dr. 15 $ 6,930.00 05-36-476-020 1415 Baltimore Dr. 16 $ 6,930.00 05-36-476-010 1405 Baltimore Dr. 17 $ 6,930.00 05-36-480-030 1429 Boston Ave. 21 $ 6,930.00 05-36-480-020 1510 Baltimore Dr. 22 $ 6,300.00 05-36-480-010 1502 Baltimore Dr. 23 $ 6,930.00 $132,720.00 Prepared By: Duane Pitcher, CPA City of Ames Finance Director