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HomeMy WebLinkAbout~Master - Purchase Agreement for 2802 Arbor Street DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER Prepared by:Diane Voss,City Clerk's Office,515 Clark Avenue,Ames,IA 50010 Return to:Ames City Clerk,P.O.Box 811,Ames,IA 50010 Phone:515-239-5105 RESOLUTION NO. 21-108 RESOLUTION APPROVING THE PURCHASE AGREEMENT FOR 2802 ARBOR STREET FOR THE CITY OF AMES,IOWA WHEREAS, at the February 9, 2021, City Council meeting,the Council directed that the purchase of a property at 2802 Arbor Street be placed on a future Council Agenda; and, WHEREAS,the property at 2802 Arbor Street is owned by Julia McGinley and Marcy Webb; and, WHEREAS, the Webbs and the City have been in discussion for some time about issues with their service line at the house, which apparently fails to connect to the City's sanitary sewer system; and, WHEREAS, as the property will likely need to be demolished and some sort of environmental mitigation likely will need to take place, the City is purchasing the property to address the situation; and, WHEREAS, the City and the Webbs have agreed that the City will purchase the property for the amount remaining on the Webbs' mortgage at the time of closing and assume the closing costs,up to a total of$100,000; and, WHEREAS, the amount remaining on the mortgage is approximately$95,000; and, WHEREAS, as the City plans to demolish the structure, the City has agreed to the Webbs' request that they be allowed to remove the furnace and central air conditioning unit for use at their new house and this is noted in the Purchase Agreement; and, WHEREAS, staff has agreed informally that the Webbs may remove and retain approximately 20 smaller items (such as light fixtures, towel racks, etc) most of which the Webbs had installed in the Arbor Street house. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Purchase Agreement for 2802 Arbor Street for the amount remaining on the mortgage, with the City assuming closing costs, for a total not to exceed $100,000 is hereby approved. ADOPTED THIS 9tn day of March, 2021. C-• ` U Diane R. Voss, City Clerk John A. Haila, Mayor Introduced by: Gartin 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 9tn day of March, 2021.