HomeMy WebLinkAbout~Master - Approving the Purchase Agreement with Double DRS, LC, for Land Acquisition at 299 South 5th Street DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
Prepared by:City Clerk's Office,515 Clark Avenue,Ames,IA 50010
Return to:Ames City Clerk,P.O.Box 811,Ames,IA 50010 Phone:515-239-5105
RESOLUTION NO. 18-524
RESOLUTION APPROVING THE PURCHASE AGREEMENT
WITH DOUBLE DRS, LC, FOR LAND ACQUISITION AT
299 SOUTH 5TH STREET
FOR THE CITY OF AMES,IOWA
WHEREAS, the City of Ames is acquiring the entire Double DRS, LC property for
the South Grand Avenue Extension Project.
WHEREAS, on August 8, 2017, an appraisal was completed, the appraisal,performed by
Commercial Appraisers of Iowa, Inc. valued the property(15.40 acres) at $293,000; and,
WHEREAS, the right-of-way acquisitions with numerous property owners and permitting
through the Iowa Department of Natural Resources (DNR) and US Army Corps of Engineers
(USACE) is underway; and,
WHEREAS, the project was originally broken into three phases to allow for potential
flexibility in timing of construction and funding; the land being acquired through this action is for
Phase One as described below:
1. South 5" Street extension and the portion of South Grand Avenue from Squaw Creek
Drive (the existing dead end)to South 51h Street
2. South Grand Avenue South of South 5t' Street (this portion includes two bridges to
accommodate Squaw Creek under the roadway)
3. Reconstruction and widening additional turn lanes at South Duff Avenue and South
16' Street.
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 Double DRS, LC relating to the
purchase of 15.40 acres for$293,000 is hereby approved.
ADOPTED THIS 1 Ph day of September, 2018.
I !
Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Gartin
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this I It1i day of September, 2018.