HomeMy WebLinkAbout~Master - Approving Mutual Release of Developmenet Agreement for Property at 1801 20th Street and 2008 24th Street DO NOT WRITE IN THE SPACE ABOVE THIS LINE;RESERVED FOR RECORDER
Prepared by: Mark Lambert,Interim City Attorney,City of Ames,515 Clark Ave.,Ames,IA 50010;515-239-5146
Return to: Ames City Clerk,P.O.Box 811,Ames,IA 50010
RESOLUTION NO. 18-485
RESOLUTION APPROVING MUTUAL RELEASE OF DEVELOPMENT
AGREEMENT FOR PROPERTY AT 1801 20TH STREET AND 2008 24TH STREET
FOR THE CITY OF AMES,IOWA
WHEREAS, the City of Ames and Northcrest, Inc. entered into Development Agreement
on January 7, 2013; and,
WHEREAS, the Development Agreement specified that use shall be restricted to either
Group Living or Community Facilities; and,
WHEREAS, the Development Agreement states that Developer shall restrict height of
structures to a maximum building height that does not exceed the existing building height of the
current Northcrest, Inc., property, or fifty(50) feet or four (4) stories, whichever is lower, for all
buildings on this site; and,
WHEREAS, City staff has reviewed the terms of the Agreement and find that they have
been satisfied in regards to this property; and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, that satisfaction of the terms of the 2013 Development Agreement, as they apply to the
property at 1801 201h Street and 2008 241h Street, is hereby accepted, and the property is released
from the terms of the Agreement.
ADOPTED THIS 14t' day of August, 2018.
v . 2
Diane Voss, City Clerk John . Haila, Mayor
Introduced by: Nelson
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 14'day of August, 2018.