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HomeMy WebLinkAbout~Master - Leasehold Purchase Agreement with Legacy Golf Associates, Inc., for South Grand Avenue Extension w 1 RESOLUTION NO. 19-522 RESOLUTION APPROVING LEASEHOLD PURCHASE AGREEMENT WITH LEGACY GOLF ASSOCIATES, INC., FOR SOUTH GRAND AVENUE EXTENSION FOR THE CITY OF AMES, IOWA WHEREAS, due to a favorable ruling, the City was able to acquire the land for the South Grand Avenue/South Fifth Street Extension Project from the Randall and Walter parcels at an amount offered by the City; and, WHEREAS, in order to acquire the land, the acquisition of the leasehold interest from Legacy Golf Associates, Inc., related to the road extension project must be completed; and, WHEREAS, Legacy Golf Associates is the tenant on properties owned by Scott E. Randall and Jane S. Randall, the Marvin J. Walter Generation-Skipping Trust, and Iowa State University; and, WHEREAS, negotiations have been completed on the leasehold interest, with a voluntary settlement and total lump sum compensation being $103,400; and, WHEREAS, in addition to the lump sum payment, the following design elements for the roadway project will be addressed by the City (this is not a complete list; see the Purchase Agreement for all the specific obligations: 1. The City agrees to repair or relocate any drain tiles as needed for the construction project at no expense to the seller. 2. The City agrees to install a conduit under the future street right-of-way for irrigation lines running between the east and west remnant parcels. 3. The City agrees to construct and pave a driveway apron and provide a driveway for vehicular traffic running generally southwesterly to the Randall west remnant parcel 4. For safety reasons,the City intends that Coldwater Golf Links staff and patrons will not cross the traveled portion of South Grand Avenue. Therefore, the City will construct a lighted culvert under the future South Grand Avenue to accommodate golf course operations. During construction,the City will ensure access between the Randall east and west remnant parcels. If the culvert has not been opened during normal season(April through October),a temporary path will be provided to connect existing cart paths. 5. The City will install native grasses,shrubs,and trees to blend with and be consistent with the current landscaping in accordance with bid documents. 6. The City will install a six-foot chain link fence for approximately 2,600 feet along the length of the right-of-way, except for openings at bridges and box culvert. WHEREAS,the Grand Avenue Extension project included in the Capital Improvements Plan (CIP) identifies funding from FY 2017/18 and continuing through FY 2019/20; and, WHEREAS, construction is anticipated to commence in FY 2019/20. y NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Leasehold Purchase Agreement with Legacy Golf Associates, Inc. For the South Ground Avenue Extension project in the amount of$103,400 is hereby approved. ADOPTED THIS 8 h day of October, 2019. Diane R. Voss, City Clerk John A. Haiis,yAayor Introduced by: Beatty-Hansen 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 8"'day of October, 2019.