HomeMy WebLinkAbout~Master - Setting Date of Public Hearing Approve Option Agreement Sale of Lot 27 Baker Subdivision to Townhomes at Creekside LLLP RESOLUTION NO. 24-182
RESOLUTION SETTING DATE OF PUBLIC HEARING TO APPROVE
OPTION AGREEMENT FOR THE SALE OF LOT 27,IN THE BAKER SUBDIVISION
(321 STATE AVENUE)
FOR THE CITY OF AMES,IOWA
WHEREAS, on February 28, 2023, the City Council voted to select the Hatch
Development Group as its partner to develop multi-family rental housing on Lot 27 in Baker
Subdivision. The City Council directed staff to begin preparing agreements to partner on a Low-
Income Housing Tax Credit (LIHTC) application for this project; and,
WHEREAS, it is recommended that the City Council set April 23,2024, as the date for the
public hearing for the approval of an option agreement for the transfer of Lot 27 within the Baker
Subdivision to Townhomes at Creekside, LLLP; an Iowa Limited Liability Partnership; and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that setting April 23, 2024, as date of public hearing to approve Option Agreement for the sale of
Lot 27, in the Baker Subdivision(321 State Avenue),to Townhomes at Creekside,LLLP, an Iowa
Limited Liability Partnership, (affiliated with Hatch Development Group) in conjunction with a
Low-Income Housing Tax Credit(LIHTC) application for Multi-Family Housing Development is
hereby approved.
ADOPTED THIS 16th day of March, 2024.
Renee kall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Beatty-Hansen
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 161h day of March, 2024.