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HomeMy WebLinkAbout~Master - Third Amendment to the Purchase Agreement with Habitat for Humanity of Central Iowa for the property at 3305 Morningside Street RESOLUTION NO. 20-390 RESOLUTION APPROVING THIRD AMENDMENT TO THE PURCHASE AGREEMENT WITH HABITAT FOR HUMANITY OF CENTRAL IOWA FOR THE PROPERTY AT 3305 MORNINGSIDE STREET FOR THE CITY OF AMES, IOWA WHEREAS,on April 23,2019,the City Council,as part ofthe CDBG approved Neighborhood Sustainability Program, adopted a Resolution proposing the sale of the City-owned property at 3305 Morningside Street to Habitat for Humanity of Central Iowa(HHCI) for$40,000; and, WHEREAS, the proposed closing was scheduled to occur on or before April 30, 2020, if all conditions of the Purchase Agreement for the construction of a new single-family home and sale of the property were satisfied; and, WHEREAS,the City had approved Habitat's selected family for the purchase of the property at 3305 Morningside Street; and, WHEREAS,although the construction work has begun,due to COVID-19,HHCI had lost its volunteer work force(which is the heart of its construction philosophy)along with the delay in getting building materials and sod; and, WHEREAS,the build is approximately 90%complete,but with only the HHCI construction supervisor working, additional time is needed; and, WHEREAS, HHCI is requesting a time extension to complete the construction on or before August 31, 2020, and the closing to a qualified homebuyer on or before September 11, 2020. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the Third Amendment to the Purchase Agreement with Habitat of Humanity of Central Iowa granting a time extension to the construction completion date and the closing date, as outlined above, for the property at 3305 Morningside Street is hereby approved. ADOPTED THIS 28"'day of July, 2020. iane R. Voss, City Clerk John A. Haila, Mayor Introduced by: Betcher 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 28'day of July, 2020.