HomeMy WebLinkAboutA022 - Resolution No. 15-719 adopted November 24, 2015 RESOLUTION NO. 15-719
RESOLUTION APPROVING SIDEWALK INSTALLATION AGREEMENT
FOR IOWA STATE UNIVERSITY RESEARCH PARK, PHASE III, FIRST ADDITION
FOR THE CITY OF AMES
WHEREAS, on July 14, 2015,the City Council approved the Preliminary Plat for the Iowa
State University Research Park, Phase III; and,
WHEREAS, there are two land owners, each of whom owns a portion of the 187.93 acres
included in the proposed subdivision;Iowa State University Research Park is the owner of proposed
Lots 1, 2, 3, 4, a portion of Lots 5 and 6, Lot 7, a portion of Lot A, Lot B, Lot C, Outlot A. and
Outlot Y, and Erben Hunziker and Margaret Hunziker Apartments, LLC,is the owner of a portion
of proposed Lots 5 and 6, a portion of Lot A, and all of Outlot Z; and,
WHEREAS, the Final Plat includes seven lots for industrial development in the "RI"
(Research Park Innovation District);Lot A(Collaboration Place and University Boulevard/S. 530`h
Avenue),Lot B(Plaza Loop),and Lot C(S.Riverside Drive)are to be dedicated to the City as public
street right-of-way; Outlot A is planned for use as a location for storm water management, open
space as a park, and future development; and, Outlot Z is planned for future development; and,
WHEREAS, the proposed Final Plat is unique in that the City is responsible for all of the
public street and utility improvements as part of the Development Agreement with the ISU Research
Park for the Tax Increment Financing (TIF) District; and,
WHEREAS, therefore, no financial security is required from the developer of this
subdivision, and for those improvements, the City is responsible to complete in the development
agreement; and,
WHEREAS,however,the developer is responsible for the cost and installation of sidewalks
in the First Addition, along the three public streets, part of University Boulevard, Collaboration
Place, and Plaza Loop; and,
WHEREAS, additionally, the developer is responsible for the cost of the maintenance of
storm water improvements for a period of four years after they have been accepted by the City as
complete; and,
WHEREAS, the City recently established a three-year horizon for the completion of all
sidewalks within a final plat and to require security for their installation; and,
WHEREAS,the Research Park has requested Council deferral and signed an`Agreement for
Sidewalks,' that states sidewalks will be installed not later than occupancy of a building on a lot or
within three years of the final plat approval, whichever occurs first.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofAmes, Iowa,
that the Agreement for Sidewalks for the Iowa State University Research Park Phase III, First
Addition, is hereby approved.
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ADOPTED THIS 241h day of November, 2015.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Betcher
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 24`h day of November, 2015.