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HomeMy WebLinkAbout~Master - Approving Waiver of Construction of SE 3Rd Street paving and Storm Sewer Improvements RESOLUTION NO. 20-244 RESOLUTION APPROVING WAIVER OF CONSTRUCTION OF SE 3PD STREET PAVING AND STORM SEWER IMPROVEMENTS FOR THE CITY OF AMES,IOWA WHEREAS,Kingsbury's Subdivision,Third Addition is a 6.91 acre site on SE 3rd Street,just north and east of Target; and, WHEREAS, the property owner, DET Land Company LC, is requesting approval of a Final Plat creating two lots, and one lot to be dedicated as right-of-way for the extension of SE 3'Street; and, WHEREAS, the proposed subdivision is a Major Subdivision due to the requirements to extend infrastructure, and a Preliminary Plat was approved on November 12,2019; and, WHEREAS, the property owner proposes a partial waiver of improvements, with a Development Agreement, in conjunction with the Final Plat; and, WHEREAS,staff supports the proposed waiver of street paving in recognition that there are practical difficulties in completing the extension of SE 3rd Street without a final design for Cherry Avenue to match grades; and, WHEREAS,staff also supports the partial waiver in order to facilitate dedication of the right-of-way at this time rather than pursue acquisition and purchase of the right-of-way in the future,which is viewed as a cost savings for the project that is planned this year; and, WHEREAS, this is an unusual circumstance where a developer is required to construct a partial street extension when a Final Plat is approved in the same year that the City included this street extension in the Capital Improvements Plan(CIP); and, WHEREAS,the developer has provided a letter of credit in the amount of$64,655 for the completion of public improvements,which include sidewalks,water lines, and sewer lines. NOW, THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the waiver of the construction of SE 3rd Street paving and storm sewer improvements is hereby approved. ADOPTED THIS 12d'day of May,2020. r--,- 41-11,11 a2 1 L � Dian . oss, City Clerk John A. Haila,Mayor Introduced by: Martin Seconded by: Corrieri Voting aye: Beatty-Hansen,Betcher, Corrieri, Gartin, Junck,Martin Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 12d'day of May, 2020.