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HomeMy WebLinkAboutA007 - Memorandum of Agreement recorded on August 17, 2001 r R) o 1 - 1 1 3 0 9 TURN To: INST,NO, 8'COFIY COUNTY IOWA AMES CITY CLERK „ FILED FOR RECiORD BOX 811 AMES IOWA 50010 a AW AUG 17 2001 PM SUSM L.VANDE KAMP,Recorder s p=FFj$3b MUD.FEE$ DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER Prepared by: John R.Klaus,City of Ames Legal Department,515 Clark Avenue,Ames,Iowa 50010(Phone: 515-239-5146) Address Tax Statement To:Terra Firma,L.P.,207 Stanton Avenue,Ames,Iowa 50014 MEMORANDUM OF AGREEMENT SOUTH FORK SUBDIVISION AMES, IOWA An Agreement between the City of Ames,Iowa,and Terra Firma,L.P.,to be a covenant running with Ian d described as set out on Appendix A attached hereto was made and entered into effective the I ifw, day Of u 1 ,2001. However,this Agreement shall not be binding with respect to any officially platted lot for which a City building permit has been issued. The said agreement was made with respect to public improvements required by the City of Ames as a condition to approval of a plat of subdivision of the above described land per Section 354.8 Code of Iowa. Said agreement is on file in the office of the City Clerk of the City of Ames,Iowa. CITY OF ES,J14YVA STATE OF IOTA,STORYCOUNTY ss: On this L day of USf-,2001,before me,a Notary c j: Public in and for the State of Iowa,personally appeared Ted Tedesco a° and Diane R.Voss,to me personally known,and,who,being by me s', y duly sworn, did say that they are the Mayor and City Clerk, ed Vie, sco '11ayor respectively,of the City of Ames,Iowa;that the seal affixed to the i # foregoing instrument is the corporate seal of the corporation,and I. that the instrument was signed and sealed on behalf of the Attest b .y'v "` corporation, by authority of its City Council, as contained in lftlfe�(�w .k-tI Clerk ,Resolution No.01 -3?(o adopted by the City Council on the day of_ *2 01,and that Ted Tedesco and Diane R.Voss aelbiowledged the execution of the instrument to be their voluntary act and deed and the voluntary act and deed of the corporation,by it voluntarily executed. ,,;�.. ,r-•�" ' ` �� JILL L. RIPPERGER , COMMISSION#146549 Notary Public in and Stoi ounty,Iowa MY COMMISSION EXPIRES OWA 3 -0 TERRA FIRMA,L.P. STATE OF IO A,STORY COAJNTY ss: By Ev Cochrane &Associates,Inc. On this day of--� 2001 fore rho the undersigned,a Notary Public in and for the State o'1 IowaYpersonally,• , General Partner appeared Everett W.Cochrane,III t cer5o ally known,who being by me duly sworn did say th 1 /te President of Ev ; Cochrane&Associates,Inc.,the Genr131P�t�p}�erbf Terra Firm, L.P., an Iowa limited partnership, ifc4thrtg.they logbir B (/ (,d i y instrument, that the instrument was,�ss�fined op behalf 6f (ie Y Everett W. Cochrane, III corporation as General Partner of Terra Firma LP,an Iona ifinited partnership,by authority of the corporations $9 of Ihrectorsi . Vice President and that Everett W. Cochrane, III, as thaU0 icgi, ackn vyjrydge" execution of the instrument to be the voluntary aet`and � d of the corporation and limited partne it and `tlie'officer voluntarily executed. Notary Public in and r Story ounty,Iowa South Fork Memorandum of Agreement-081001 T , AN AGREEMENT PERTAINING TO THE SUBDIVISION PLATTING AND DEVELOPMENT OF LAND IN THE CITY OF AMES CALLED "SOUTH FORK SUBDIVISION" THIS AGREEMENT,made and entered into this r4 day of AUALt5t ,2001, by and between the CITY OF AMES,IOWA(hereinafter called"City");and TERRA FIRMA,L.P., its successors and assigns(hereinafter called"Developer"). WITNESSETH THAT : WHEREAS, the parties hereto desire the improvement and development of an area legally described as set out on Appendix A,hereinafter called the "Site"; and, WHEREAS, Developer has applied to the City for platting of subdivisions of the Site; and, WHEREAS, an agreement between the Developer and the City with respect to public improvements is required by the City as a condition to approval of subdivision plats pursuant to Section 354.8, Code of Iowa, and Section 23.304 of the Municipal Code of the City, NOW,THEREFORE, the parties hereto have agreed and do agree as follows: I PURPOSE A. It is the purpose of this Agreement to: 1. Document, record, and give notice of a certain plan of development, and the public and private measures and undertakings essential to the implementation of that plan of development, for the Site. 2. Provide remedies to the City in the event the said plan of development is not adhered to or achieved by the Developer. 1 Pg � B. This Agreement does not create or vest in any person or organization other than the City any rights or cause of action with respect to any performance,obligation,plan,schedule or undertaking stated in this Agreement with respect to the Developer. This Agreement does not prevent the City from amending,modifying,or releasing the Developer from some or all of the provisions of this Agreement. No person shall have any cause of action or recourse against the City or Developer by reason of any such amendment, modification or release. II DEVELOPERS' RIGHTS A. Developers' obligations pursuant to this agreement are subject to and contingent upon: 1. Approval by the City Council of the City of a Preliminary Plat for the Site in its entirety,prepared and submitted by Developer in accordance with the applicable ordinances of the City and Appendix A of this Agreement, 2. Approval by the City Council of the City of a final plat of what is shown on Appendix A as"Phase One",prepared and submitted by Developer in accordance with the applicable ordinances of the City. B. It is expressly understood and agreed that Development of Phase 1 and each and every other Phase of Development as shown on Appendix A is required by this Agreement. III CITY'S REMEDIES A. It is understood and agreed that the City shall not issue any building permits with respect to any place on the Site for which a final plat of subdivision has not been approved and filed for record. B. The City shall not issue a building permit,zoning permit,or any other permit of the City with respect to any excavation,construction,reconstruction or remodeling on the Site unless said work is undertaken in accordance with the provisions of this Agreement. 2 P � C. The City shall not approve any final plat of any Phase of Development shown on Appendix A unless said plat is in accordance with and meets the provisions and conditions of this Agreement. D. All ordinances,regulations and policies of the City now existing or as may hereafter be enacted shall apply to activity on the Site,this Agreement notwithstanding. IV PLATTING PROCESS The Developer shall undertake the official platting of subdivisions of the Site,pursuant to the procedures established by the statutes of the State of Iowa and the ordinances of the City. The Developer shall apply to the City for approval of official plats of subdivisions of the Site in a phased sequence for portions of the Site as shown on Appendix A. As the application for approval of each such Phase of Development is reviewed by the City, the City shall establish specific requirements for improvements of that portion of the Site, and require a performance bond or other security for the performance of improvements by the Developer. The requirements for improvements relative to the approval of any official plat for a Phase of Development of the Site may reiterate the provisions of this Agreement; and, may state additional improvements specific to the needs of a particular Phase of Development. V IMPROVEMENTS A. Public Access Open Space. 1. Public Walkway and Bike Trail to Franklin Park. As a condition of approval of the final plat for"Phase One",the Developer shall convey by Warranty Deed at that time,at no cost or charge to the City, for use as a public walkway and bike trail to Franklin Park, a 10 foot by 315 foot parcel of land located as shown on Appendix A. The Developer shall construct, at developer's sole expense, an eight foot wide walk/bike trail on that land as a condition of the approval of the final plat 3 ,� y for "Phase One" and shall provide a bond for the completion of that work in accordance with the provisions of the subdivision regulations of the City. 2. College Creek Greenbelt. As a condition of approval of the final plat for"Phase One",the Developer shall convey a perpetual easement for conservation of open space and public access from the east property line of the Site to the west property line of the Site, along both sides of College Creek,to a width defined by the width of the 100 year flood way established under the auspices of the Federal Emergency Management Administration. The Developer shall take the actions necessary to have a 100-year floodway established as aforesaid for the segment of College Creek that is within the Site,not later than the date of Developer's application for approval of a final plat for Phase Two. The terms of the said greenbelt conservation and public access easement shall allow for the public use of a paved bike trail and pedestrian path. The Developer shall construct, at Developer's sole expense, an eight foot wide walk/bike path on the said easement area, along the north side of College Creek, extending from the east property line of the Site to the west property line of the Site,the work to be done or bonded for as a condition for the approval of the final plat of that phase of development that abuts on College Creek. The Developer shall construct the said trail in accordance with the reasonable specifications of the City engineers to include two paved mid-block connections to Cochrane Parkway, as shown on Appendix A,and shall bond for completion of the work in accordance with the subdivision regulations of the City. B. Streets and Street Improvements. 1. The Developer shall,with respect to all streets as shown on Appendix A,convey fee title for the street land to the City at no charge or cost to the City, said conveyance to occur at the time of subdivision platting of the Phase of Development in which such street is included,or on which such street abuts,unless another time for conveyance of such street land is herein specified. 4 nQ 2. The Developer shall, with respect to all streets as shown on Appendix A, construct all street improvements and street appurtenances in accordance with the requirements and specifications of the City,at no cost or charge to the City. That work shall be completed in accordance with the schedule set by the City at the time of approval of the final plat for the Phase of Development in which the street improvement is included or on which such street improvement abuts,unless another time for construction of such improvements is herein specified. 3. The Developer shall pay 50% of the costs, and the City shall pay 50% of the costs to construct, erect, and install the left turn lane improvements as specified by the City at the intersection of Lincoln Way and Franklin Avenue. The construction of those left turn lane improvements shall be done and completed to the satisfaction of the City at such time as when traffic volumes warrant to attain Institute of Traffic Engineer's"service level c",or when a final plat is sought for a part of the site not in Phase One,east of Dotson Drive and not abutting on Dotson Drive,whichever occurs first. The Developer shall bond for the completion of that work in accordance with the subdivision regulations of the City,as a condition of approval of the final plat of Phase Two. If the cost to the City of its share is estimated by the City to be more than fifty thousand dollars($50,000),the work shall be contracted by the City and the Developer shall deposit its share with the City based on the City's cost estimate before the contract is awarded. If actual cost is more than the amount deposited, the Developer shall pay the City the additional amount required to cover actual costs. If actual costs are less than the amount deposited, the City shall refund the difference. 4. The Developer shall pay 50% of the costs, and the City shall pay 50% of the costs to construct the improvements specified for a left turn storage lane and traffic control signals at the intersection of Lincoln Way and Dotson Drive. Construction of those left turn storage lanes shall be done and completed to the satisfaction of the City at such time as when traffic volumes warrant, to attain Institute of Traffic Engineer's"service level c",or when the cumulative land area of all approved 5 109 i final plats pertaining to the Site (exclusive of any plat made prior to the date of this agreement), is greater than 50%of the land area of the Site,whichever occurs first. The Developer shall bond for the completion of that work in accordance with the subdivision regulations of the City. If the cost to the City of its share is estimated by the City to be more than fifty thousand dollars($50,000),the work shall be contracted by the City and the developer shall deposit its share with the City based on the City's cost estimate,before the contract is awarded. If actual cost is more than the amount deposited,the Developer shall pay the City the additional amount required to cover actual costs. If actual costs are less than the amount deposited, the City shall refund the difference. C. Water Main Improvements. 1. The Developer shall grant to the City, without charge, easements in a form acceptable to the City for installation of water mains on the Site as shown on the City approved preliminary plat for the Site. 2. Developer shall install all water mains as specified for the Site by the City, at the sole cost and expense of the Developer,including extension of existing 6-inch perimeter lines with eight inch diameter mains at no cost or charge to the City. 3. The Developer shall pay a water main tapping fee to the City with respect to the water main that has been installed by the City on Dotson Drive. This water main tapping fee shall be paid by Developer at the time of the final plat of each Phase of Development of the Site that abuts on a segment of Dotson Drive,or the Developer can make payment of the tapping fee in total at one time. The amount of the tapping fee shall be as set by the City at the time that payment is made or due to be made. 4. For water mains specified by the City to exceed eight inches in diameter,the City shall reimburse that portion of the cost attributable to the diameter exceeding eight inches. However, if that cost to the City is more than the statutory amount for public bidding, the City shall award a 6 n� -7 contract for the larger main construction after Developer has deposited its share of the City's estimate of the cost of construction of those mains to the account of the City. If the actual cost is more than the amount deposited,the Developer shall pay the additional amount required to cover actual cols. If the amount deposited is more than actual costs,the city shall refund the difference. D. Sanitary Sewer Improvements. 1. The Developer shall grant to the City, without charge, easements in a form acceptable to the City for installation of sanitary sewers on the Site as shown by the City approved preliminary plat for the Site. 2. Developer shall install all sanitary sewer mains as specified for the Site by the City, at the sole cost and expense of the Developer. E. Storm Sewers and Storm Water Management. 1. The Developer shall grant to the City, without charge, easements in a form acceptable to the City for installation of storm sewers and storm water detention basins on the Site as shown by the City approved preliminary plat for the Site. 2. Developer shall install and construct all storm sewers, storm sewer appurtenances, and storm water detention basins, as specified for the Site by the City, at the sole cost and expense of the Developer,and at no cost or charge to the City,for the purpose of managing both the quantity and quality of storm water discharge. 3. Storm water detention basins shall be constructed to control the storm water runoff quantity and quality at the time of the final plat of the Phase of Development for the Site in which the basin is located. The detention basins shall be owned by the Developer, or by a home owners' association that is the grantee of the Developer. The Developer,or such homeowners'association,shall have the duty to mow the grass and perform routine maintenance of the storm water detention basins. The Developer shall grant to the City,at no charge or cost to the City,an access easement to each of the 7 IPa 9 said storm water detention basins,and an easement for the detention of storm water in said basins,with the right to excavate the basins as needed to restore or enhance the functional capacity of those storm water detention basins, such easements to be in a form acceptable to the City. 4. Detention Pond Ownership. The proposed preliminary plat of subdivision attached hereto as Appendix A shows, as "Outlot F", an area of land that is subject, entirely, to an easement for storm water collection and detention. As such,the lot is unbuildable and uneconomic. For that reason,there is concern that the said"Outlot F"as proposed would be conveyed to an entity without assets, with no financially responsible party liable for costs of care and maintenance such as cutting vegetation and prevention of trash accumulation. To guard against such eventuality, it is hereby mutually agreed that the land shown on the proposed preliminary plat as"Outlot F"shall be platted as a larger lot encompassing so much of Lot 2, Willow Creek Fourth Addition to Ames, Iowa as to have an area that is free of the said easement so that the resulting larger lot is buildable and more economical. Additionally, it is agreed that the City shall have no duty of care with respect to the said lot other than to dredge the detention basin if and when that is determined by the City to be necessary. It shall be the duty of the owner of said larger lot to cut vegetation and remove trash accumulations with respect to all parts of the said lot,including that area that is subject to the said storm water collection and detention easement. F. Electric Utility Easements and Improvements. The Developer shall grant to the City,at no cost or charge to the City,all electric utility distribution easements required by the City for the Site,and shall pay to the City the cost of installation and construction of electric distribution facilities,in accordance with the provisions of the City electric utility policies and the provisions of the City subdivision regulations. 8 r� / VI COVENANT WITH THE LAND This Agreement shall run with the Site and shall be binding upon the Developer,its successors and assigns. However,this Agreement shall not be binding with respect to any officially platted lot for which a City building permit has been issued. Each party hereto agrees to cooperate with the other in executing a Memorandum of Agreement that may be recorded in place of this document. IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed effective as of the date first above written. CITY OF AMES,IOWA . STATE OF IO A,STORY COUNTY ss: On this I g day of ,2001,before me,a Notary Public in and for the State of Iowa,personally appeared Ted Tedesco and Diane R.Voss,to me personally known,and,who,being by me duly sworn, did say that they are the Mayor and City Clerk, By. respectively,of the City of Ames,Iowa;that the seal affixed to the Teti =edesco Mayor foregoing instrument is the corporate seal of the corporation,and that the instrument was signed and sealed on behalf of the corporation, by authority of its City Council, as contained in Resolution No. !n adopted by the City Council on the 1 Altst b � IFS day of and that Ted Tedesco tH" and Diane R.Voss ac owledged the execution ofthe instrument to Dlarie Voss, City"Clerk be their voluntary act and deed and the voluntary act and deed ofthe corporation,by it voluntarily executed. Notary Public in and f r tory unty,Iowa �POAL JILL L. RIPPERGER _ ir COMMISSION#146549 ' MY COMMISSION EXPIRES TERRA FIRMA,L.P. STATE OF IOWA,STORY CAOUNTY ss: By Ev Cochrane &Associates, Inc. On this�day of $ ,2001,before me,the undersigned,a Notary Public in and for the State of Iowa,personally General Partner appeared Everett W.Cochrane,III,to me personally known,who being by me duly sworn did say that he is the Vice President of Ev Cochrane&Associates,Inc.,the General Partner of Terra Firma, L.P., an Iowa limited partnership, executing the foregoing By: y Wes_ instrument, that the instrument was signed on behalf,of the Everett W. Cochrane III corporation as General Partner of Terra Firma,Lp;,,Fll5ws l4tgd partnership,by authority of the corporations'51.ii6ardljfDtre�tozs Vice President and that Everett W. Cochrane, III, as that officei,;acknowledge execution of the instrument to be the yofuntar a d deedo.'fFthe corporation and limited ers ip" bt � offcer voluntarily executed. 4 Notary Public in d fo Story Co in' 1bsva r" South Fork Subdivision Agreement-080201 rev.081001 9 p9 10 APPENDIX A - Page 1 ENGINEERING PLUS, INC. 612 Fifth Street Ames, Iowa 50010-6005 1615)232-8563 FAX 1615)233.5976 Kenneth D.Janssen,P.E.,L.S. Engineers Randy D.Lueth,ASLA Planners Craig L.Nelson,P.E. Land Surveyors Paul R.Popelka,ASLA,AICP Landscape Architects DESCRIPTION Boundary Dotson The East-One Fourth (E%) of the North-Three Fourths (N3/4) of the Northwest Quarter (NW'/.), except the West Thirty (30) feet of the East-Half (E'Y2) of the Northeast Quarter of the Northwest Quarter (NE%-NW%); and the West- Three Eights (W3/8) of the North-Three Fourths (N3/4) of the West-Half (W%) of the Northeast Quarter (NE A); and a strip of land described as follows: "Beginning at the Southeast (SE) corner of the West-Three Eights (3/8) of the North-Three Fourths (N3/4) of the West-Half (WY2) of the Northeast Quarter (NE%); thence East, 41.0 feet; thence North, 407.25 feet; thence West, 41.0 feet; thence South, 407.25 feet to the Point of Beginning." Except "Commencing at the North Quarter (N'Y4) corner; thence S00013'30"E, 70.0 feet to the Point of Beginning; thence East, 497.8 feet along a line parallel with and 70 feet Southerly from the north line of the NEY4; thence S01 034'55"E, 565.1 feet along the east line of the W3/8 of the N3/4 of the W Y2 of the NE%; thence West, 1,133.1 feet; thence N01'34'50"W, 560.1 feet along the east line of Dotson Drive; thence N89'33'00"E, 635.2 feet along a line parallel with and 70 feet Southerly from the north line of the NW%, to the Point of Beginning." And the West-Half of the Southeast Quarter of the Northwest Quarter (W'/2- SE%-NW%); ALL in Section 8 - T83N - R24W of the 5'" P.M., Story County, Iowa; more particularly described as follows: "Beginning at the Northwest (NW) corner of the Southeast Quarter of the Northwest Quarter (SE%-NW%) of Section 8 - T83N - R24W of the 51h P.M., Story County, Iowa; thence S89'16'35"E, 692.73 feet along the south line of Beadle Subdivision and that line extended East; thence N00°14'47"W, 691.11 feet along the east line of the West 30 feet of the E'h-NE%-NW%, also being the east line of Dotson Drive; thence S88°40'09"E, 1,132.87 feet along the south line of the property Deeded to Hanover Ames, Inc. and recorded on April 28, 1976 in Book 158 at Page 714; thence S00'15'26"E, 934.69 feet along the east line of the W3/8-N3/4-W%-NEY4; thence S89016'21"E, 41.81 feet along the south line of West Campus Village Addition; thence S00'15'26"E, 407.02 feet along the west line of Vivian G. Coy Subdivision, and that line extended North; thence N89°04'38"W, 540.95 feet along the south line of the N3/4-W%-NE%; thence N89°18'16"W, 661.27 feet along the south line of the N3/4-'NW%; thence S00°27'39"E, 664.22 feet along the east line of the WYz-SE%-NWY4; thence N89°03'55"W, 669.30 feet along the south line of the WY2-SEY4-NW%; thence N00010'43"W, 1,322.73 feet along the west line of the SE'/4-NW%, and along the east line of Willow Creek Estates Fourth Addition and the east line of Dwight Harris Subdivision, to the Point of Beginning." Property contains: 2,442,440 square feet or 56.0707 Acres. y, KENNETH 0. Ma JANSSEN : ­/Met/d T " enneth D. J nssen P.E., L.S. " * License Renewal 12-31-01 IUNA April 27, 2000 ENGINEERING PLUS, Inc. EP-File #20002 (Boundary.Dotson.Des) 1 I p9