HomeMy WebLinkAbout~Master - Development Agreement for 2700, 2702, 2718, & 2728 Lincoln Way; 112 & 114 S. Hyland Avenue; & 115 S. Sheldon 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. 16-661
RESOLUTION APPROVING DEVELOPMENT AGREEMENT FOR RIVER
CADDIS DEVELOPMENT PROJECT AT 2700,2702,2718,AND 2728 LINCOLN
WAY', 112 AND 114 SOUTH HYLAND AVENUE; AND 115 SOUTH SHELDON
AVENUE FOR THE CITY OF AMES,IOWA
WHEREAS, River Caddis, Inc., contract purchaser and developer, is requesting the approval of
a Development Agreement for a mixed-use project for properties located at 2700, 2702, 2718, and 2728
Lincoln Way, 112 and 114 South Hyland Avenue, and 115 South Sheldon Avenue; and,
WHEREAS, the subject site consists of seven properties with a total area of 1.8 acres that were
recently rezoned to the Campustown Service Center(CSC)Zone; and,
WHEREAS, the Development Agreement is intended to secure incentives through the Urban
Revitalization Area and Plan in exchange for certain project specific requirements desired by the City
for the redevelopment area.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that
the Development Agreement for the River Caddis development project located at 2700, 2702, 2718, and
2728 Lincoln Way, 112 and 114 South Hyland Avenue, and 115 South Sheldon Avenue is hereby
approved, subject to the City's establishment of the 2700 block of Lincoln Way Urban Revitalization
Area.
ADOPTED THIS 15th day ofNovember, 2016.
de�a--I� /40-W
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Orazem
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 15th day ofNovember, 2016.