HomeMy WebLinkAbout~Master - Purchase Agreement for Sands-McDorman Property at 5658 Ontario Street RESOLUTION NO. 23-469
RESOLUTION APPROVING PURCHASE AGREEMENT
FOR SANDS-MCDORMAN PROPERTY AT 5658 ONTARIO STREET
FOR THE CITY OF AMES,IOWA
WHEREAS, in 2011-12, City staff held initial conversations with the owners of the
property at 5658 Ontario Street regarding purchasing this land for a City park. The owners decided
not to sell at that time. Subsequently, staff was approached by the owners in 2021 to see if the City
was still interested in purchasing the property; and,
WHEREAS,at its September 13,2022,meeting,the City Council directed staff to negotiate
a purchase agreement for Parcels 1 and 2 of Sands-McDorman Property in the amount not to
exceed $1,146,474; and,
WHEREAS, sufficient funding existed to finance this land acquisition solely from the Park
Development Fund. However, staff submitted applications for Resource Enhancement and
Protection (REAP) and Land and Water Conservation grants to offset a portion of the purchase
price. The City has been approved to receive funding from both grants; and,
WHEREAS, staff met with the property owners to determine the conditions of the Purchase
Agreement, which have been agreed to and signed by the property owners.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Purchase Agreement in the amount of $1,146,474 for the Sands-McDorman property
located at 5658 Ontario Street is hereby approved.
ADOPTED THIS 22nd day of August, 2023.
Renee Nall, City Clerk John A. Haila, Mayor
Introduced by: Junck
Seconded by: Betcher
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.