HomeMy WebLinkAboutA013 - Resolution No. 15-400 adopted June 23, 2015 RESOLUTION NO. 15-400
RESOLUTION APPROVING DEVELOPMENT AGREEMENT FOR
MCFARLAND SUBDIVISION
FOR THE CITY OF AMES,IOWA
WHEREAS, the property owner is requesting approval of the Final Plat for McFarland
Subdivision for property located at 3600 - 3800 Lincoln Way; and,
WHEREAS, this approval would allow for the sale of the property(Lot 2) that contains the
McFarland Clinic Building; and,
WHEREAS, to accomplish this goal of immediate sale prior to demolition, a signed
Development Agreement has been submitted which requires that the demolition of the required
portion of the building be completed within six months of the recording of the new subdivision;and,
WHEREAS, the Agreement has been secured with a Letter of Credit in the amount of the
estimated cost of demolition and reconstruction of the end walls of the two buildings totaling
$189,550; and,
WHEREAS,this security will be released upon satisfactory completion of the improvements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofAmes, Iowa,
that the Development Agreement for McFarland Subdivision is hereby approved.
ADOPTED THIS 23rd day of June, 2015.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Nelson
Voting aye: Betcher, Corrieri, Gartin, Goodman, Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23`d day of June, 2015.