HomeMy WebLinkAbout~Master - Approving Amendment to the Public Improvements Agreement for Kingsbury Subdivision, Fourth Addition RESOLUTION NO. 20-458
RESOLUTION APPROVING AMENDMENT TO THE PUBLIC IMPROVEMENTS
AGREEMENT FOR KINGSBURY SUBDIVISION,FOURTH ADDITION
FOR THE CITY OF AMES, IOWA
WHEREAS,the Kingsbury's Fourth Addition(previously identified as the Third Addition)was
approved by the City Council on May 12, 2020, for the purposes of dividing a 6.91 acre site on SE 3rd
Street into Lot 1 and Lot 2 for the extension of SE 3rd Street to the eastern end of the site; and,
WHEREAS,the City of Ames entered into a Development Agreement with DET Land Company
(Doug Pyle)in regard to dedication of right-of-way and construction of public improvements,including
City construction on the road extension and the developer completing sewer, water, and sidewalk
improvements; and,
WHEREAS, the property owner executed a Public Improvements Agreement for a three-year
deferral with financial security for his required improvements, totaling $64,655; and,
WHEREAS, Mr. Pyle has now requested the City of Ames accept an assignment of these
development obligations with an Amendment to the Public Improvement Agreement and substitution of
financial security; and,
WHEREAS, the proposed change would have the improvements and the financial security
assigned respectively to Lot 1 and Lot 2 within the Subdivision; and,
WHEREAS, the new owner of Lot 1 will be responsible for proportional costs of sidewalk
installation and storm water while Mr.Pyle will maintain responsibility for the other improvements;and,
WHEREAS, although it is unusual to split the public improvement obligations per lot, the
requirements do not change and the same amount of financial security is held by the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that
the Amendment to the Public Improvements Agreement for Kingsbury's Subdivsion, Fourth Addition,
is hereby approved.
ADOPTED THIS 25th day of August, 2020.
Diane R. Voss, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Beatty-Hansen
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25th day of August, 2020.