HomeMy WebLinkAbout~Master - Amendment to Extend the Purchase Agreement between the City and Mainstream Living, Inc., for the property at 1417 Douglas Avenue for a completion date on or before January 31, 2021 RESOLUTION NO. 20-652
RESOLUTION APPROVING THE AMENDMENT TO EXTEND THE PURCHASE
AGREEMENT BETWEEN THE CITY AND MAINSTREAM LIVING,INC.,
FOR THE PROPERTY AT 1417 DOUGLAS AVENUE FOR A
COMPLETION DATE ON OR BEFORE JANUARY 31,2021
FOR THE CITY OF AMES,IOWA
WHEREAS,at the December 17,2019, City Council meeting,the Council directed staff to proceed
with finalizing the terms and conditions(which will include language for a restrictive covenant)to sell the city-
owned property located at 1417 Douglas Avenue to Mainstream Living,Inc.,in the amount of$36,012; and,
WHEREAS,in addition to the$36,012 purchase price,the following are included as major provisions:
1. Must construct a five-bedroom wheelchair-accessible facility on or before December 31,
2020.
2. The City of Ames will retain ownership of the property until the specified structure is
constructed.
3. For a period of 21 years the facility must be utilized for affordable housing for very low-and
low-income adults with intellectual disabilities.
4. The facility cannot be sold, assigned, or transferred to any legal or equitable interest in the
property at any time prior to December 31,2041,without written consent of the City.
WHEREAS, although construction of the facility has been running smoothly and is very close to
completion,there may be a slight delay in getting the project completed by December 31, 2020; and,
WHEREAS,Alliant Energy had informed Mainstream Living, Inc.,that it can't install the gas line
until the week of December 21, 2020,which could impact the completion of other areas of the project; and,
WHEREAS,Mainstream Living,Inc.,is requesting an extension for construction to be completed on
or before January 31, 2021.
NOW, THEREFORE,BE IT RESOLVED by the City Council of the City of Ames, Iowa,that the
Amendment to the extension Agreement between the City of Ames and Mainstream Living, Inc., for the
property located at 1417 Douglas Avenue for a completion date on or before January 31, 2021, is hereby
approved.
ADOPTED THIS 22°d day of December,2020.
Diane R. Voss, City Clerk John A. Haila,Mayor
Introduced by: Corrieri
Seconded by: Betcher
Voting aye: Beatty-Hansen,Betcher, Corrieri, Gartin,Junck,Martin
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22"d day of December,2020.