HomeMy WebLinkAbout~Master - Approving Purchase Agreement for Sale of Lot 8 in Baker Subdivision RESOLUTION NO. 23-149
RESOLUTION APPROVING PURCHASE AGREEMENT FOR THE SALE OF
CITY-OWNED LOT 8 IN THE BAKER SUBDIVISION
FOR THE CITY OF AMES,IOWA
WHEREAS, in 2015, as part of the City's Community Development Block Grant(CDBG)
Program, the City acquired a 10+ acre site located at 321 State Avenue, formerly the site of the
Old Ames Middle School. The site was purchased to develop a subdivision that will support the
affordable housing goals of the City as a mixed-income development, with a minimum of 51% of
the homes affordable to low- and moderate-income (LMI) households. The subdivision would
consist of 27 buildable lots, 26 single-family lots, and one lot for multifamily units; and,
WHEREAS, in July 2022, the City, as the developer for the subdivision, completed the
public infrastructure improvements (streets, water, sewer, electrical, sidewalks, including
geothermal for the 26 single-family lots. The subdivision covenants were adopted in December
2021. The City is now positioned to develop the lots to construct single-family homes; and,
WHEREAS, Habitat for Humanity of Central Iowa (HHCI) approached City staff with
interest in purchasing one lot in the Baker Subdivision. Staff and Habitat have identified Lot 8,
located along the south side of Wilmoth Avenue; and,
WHEREAS,this collaboration with Habitat for Humanity of Central Iowa would represent
the fifteenth endeavor between HHCI and the City of Ames. This project will allow the City to
continue to address one of its priority goals outlined in both the 2022-2023 Annual Action Plan
and the 2019-2023 CDBG Consolidated Plan,which is to increase the supply of affordable housing
for LMI households; and,
WHEREAS, the purchase agreement includes a purchase price of$50,000. HHCI would
be required to maintain affordability of the housing for a period of at least 15 years and the City
will review qualifications of the final lot purchaser. The gross income of the homebuyer must not
exceed 80% of the Ames Area Median Income. The design of the home must meet the 2021
subdivision covenants, including design parameters for house size and a garage.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that purchase agreement for the sale of City-Owned Lot 8 in the Baker Subdivision to Habitat for
Humanity of Central Iowa is hereby approved.
ADOPTED THIS 141h day of March, 2023.
Renee kall, City Clerk John A. Haila, Mayor
Introduced by: Junck
Seconded by: Rollins
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 14th day of March, 2023.