HomeMy WebLinkAbout~Master - Purchase Agreement for Two Walter Estate Properties RESOLUTION NO. 18-580
RESOLUTION APPROVING PURCHASE AGREEMENT FOR
PARCEL 10 AND PARCEL 15/16 WITH
THE MARVIN J. WALTER GENERATION- SKIPPING TRUST
FOR THE CITY OF AMES
WHEREAS,the City of Ames is acquiring Parcel 10 and Parcel 15/16 for the South Grand
Avenue Extension Project and the South 5`' Street Project; and,
WHEREAS,an appraisal performed by Commercial Appraisers of Iowa,Inc.,which valued
the property on Parcel 10 at$53,970 and the property on Parcel 15/16 at $58,950; and,
WHEREAS, the project was originally broken into three phases to allow for potential
flexibility in timing of construction and funding; and the land being acquired through this action is
for Phases One and Two as described below:
1. South 5t'Street extension and the portion of South Grand Avenue from Squaw Creek
Drive (the existing dead end)to South 5th 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
161'' Street
NOW,THEREFORE,BE IT RESOLVED,bythe City Council ofthe City ofAmes,Iowa,
that the Purchase Agreement between the City of Ames and The Marvin J. Walter Generation-
Skipping Trust relating to the purchase of Parcel 10 and Parcel 15/16 is hereby approved.
ADOPTED THIS 23rd day of October, 2018.
Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Betcher
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 23rd day of October, 2018.