HomeMy WebLinkAbout~Master - Second extension of Purchase Agreement for property at 1109 Roosevelt Avenue 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. 15-615
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, in July 2015,Habitat requested
and received a time extension to complete the rehabilitation on the property to September 30,2015,due
to asbestos being found around the furnace duct work in the basement; and,
WHEREAS,Habitat has decided that it would like to install all new basement windows on the
property to reduce the need for maintenance and for energy efficiency for the homebuyers and,therefore,
would like to request a second time extension to complete the rehabilitation work; and,
WHEREAS, rehabilitation is to be completed on or before October 23, 2015, and closing to a
qualified homebuyer is to be completed on or before October 31, 2015; and,
WHEREAS,the time extension of this agreement still requires Habitat to be responsible for the
case 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 October 23, 2015, and the
closing to a qualified homebuyer to be completed on or before October 31, 2015, is hereby approved.
ADOPTED THIS 131" day of October, 2015.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Betcher
Seconded by: Corrieri
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 13' day of October, 2015.