HomeMy WebLinkAbout~Master - Time extension of Purchase Agreement for 1109 Roosevelt Avenue with Habitat for Humanity DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
Prepared by:Ames Legal Department,515 Clark Avenue,Ames,IA 50010 Phone:515-239-5146
Return to:Ames City Clerk,P.O.Box 811,Ames,IA 50010 Phone:515-239-5105
RESOLUTION NO. 15-415
RESOLUTION APPROVING EXTENSION OF PURCHASE AGREEMENT
WITH HABITAT FOR HUMANITY OF CENTRAL IOWA
FOR PROPERTY AT 1109 ROOSEVELT AVENUE
WHEREAS, as part of the City's 2014-15 Community Development Block Grant (CDBG)
Neighborhood Sustainability Program, the Council adopted a resolution at its February 24, 2015,
meeting, proposing the sale of the City-owned property at 1109 Roosevelt Avenue to Habitat for
Humanity of Central Iowa(HHCI) for$25,000; and,
WHEREAS, the proposed sale was to occur on or before August 30, 2015, if all conditions of
the Purchase Agreement for the rehabilitation and sale of the property were satisfied; and,
WHEREAS, the City has approved Habitat's family selected to purchase the property at
1109 Roosevelt Avenue; and,
WHEREAS, although the rehabilitation work began promptly, there was an area identified in
the basement that appeared to possibly contain asbestos material,thereby the rehabilitation work on the
property was stopped; and,
WHEREAS, the material was tested and found to contain asbestos fibers, and bids were taken
to have the materials removed by a certified asbestos company; and,
WHEREAS, this action delayed the rehabilitation for several weeks causing a delay to the
completion schedule,therefore,Habitat is requesting a time extension for the rehabilitation and closing
as outlined: 1) Rehabilitation to be completed on or before September 30, 2015; and, 2) Closing to a
qualified homebuyer to be completed on or before October 31, 2015; and,
WHEREAS, the time extension of this agreement still requires HHCI to be responsible for the
care and maintenance of the property until the final closing.
NOW, THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the extension of the Purchase Agreement with Habitat for Humanity of Central Iowa for property at
1109 Roosevelt Avenue for rehabilitation to be completed on or before September 30, 2015, and the
closing to a qualified homebuyer to be completed on or before October 31, 2015, is hereby approved.
ADOPTED THIS 14th day of July, 2015.
"OR' At-S40 tiv. C'Asftvoot�
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Nelson
Seconded by: Goodman
Voting aye: Betcher, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: Corrieri
Resolution declared adopted and signed by the Mayor this 141h day of July, 2015.