HomeMy WebLinkAbout~Master - Amendment to North Dayton Avenue Industrial Park Tax Increment Financing Agreement Speculative Builiding Extension RESOLUTION NO. 23-466
RESOLUTION APPROVING AMENDMENT TO NORTH DAYTON
AVENUE INDUSTRIAL PARK TAX INCREMENT FINANCING
AGREEMENT SPECULATIVE BUILDING EXTENSION
FOR THE CITY OF AMES,IOWA
WHEREAS, on July 25, 2023,the City Council directed staff to draft an amendment to the
North Dayton Avenue Industrial Park Development Agreement in response to a letter from Chuck
Winkleblack representing Dayton Avenue Development LLC. In the letter Mr. Winkleblack
explained that Dayton Avenue Development LLC needed additional time to construct the first
required Speculative Building and that the building would not be constructed by the current
deadline of November 30, 2023. The request is to extend the deadline to May 1, 2024; and,
WHEREAS, City staff drafted an amendment to the Development Agreement changing the
deadline of construction of the first speculative building from November 30,2023,to May 1,2024.
The draft Development Agreement Amendment has been agreed to and signed by all the covenant
members of the North Dayton Industrial Park.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that Amendment to the North Dayton Avenue Industrial Park Development Agreement for a
Speculative Building Extension is hereby approved.
ADOPTED THIS 22nd day of August, 2023.
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Renee hall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22nd day of August, 2023.