HomeMy WebLinkAbout~Master - Approval of Purchase Agreement with David Kepley Revocable Trust RESOLUTION NO. 18-431
RESOLUTION APPROVING THE PURCHASE AGREEMENT
WITH THE DAVID A. KEPLEY REVOCABLE TRUST
FOR PURCHASE OF 2.81 ACRES OF LAND
FOR CONSTRUCTION OF NORTH RIVER VALLEY WELL FIELD
AND PIPELINE PROJECT
FOR THE CITY OF AMES,IOWA
WHEREAS, on November 30, 2016, an appraisal was completed on land that would need
to be acquired for the proposed well, returning an appraised value of$1 0,000/acre; and,
WHEREAS, staff has negotiated to purchase the parcel for$15,000/acre; and,
WHEREAS, an agreement with the David A. Kepley Revocable Trust to purchase the
property for construction of the North River Valley Well Field and Pipeline Project has been
prepared.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Purchase Agreement between the City of Ames and the David A. Kepley Revocable Trust
relating to the purchase of 2.81 acres for$15,000/acre is hereby approved.
ADOPTED THIS 10`'' day of July, 2018.
Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Nelson
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin, Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 10'day of July, 2018.