HomeMy WebLinkAbout~Master - Purchase Agreement for Tall Timber property RESOLUTION NO. 18-581
RESOLUTION APPROVING PURCHASE AGREEMENT FOR
PARCEL 2 WITH TALL TIMBER INVESTMENT, LLC
FOR THE CITY OF AMES
WHEREAS,the City of Ames is acquiring Parcel 2 for the South Grand Avenue Extension
Project and the South 5th Street Project; and,
WHEREAS, an appraisal was completed, the appraisal, performed by, Commercial
Appraisers of Iowa, Inc. valued the property on Parcel 2 at$4,150; 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
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
161h Street
NOW,THEREFORE,BE IT RESOLVED,bythe City Council ofthe City ofAmes,Iowa,
that the Purchase Agreement between the City of Ames and Tall Timber Investment, LLC relating
to the purchase of Parcel 2 is hereby approved.
ADOPTED THIS 23rd day of October, 2018.
Diane R. Voss, City Clerk John A. 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 23' day of October, 2018.