HomeMy WebLinkAbout~Master - Approving Real Estate Installment Contract for 220 and 400 Freel Drive RESOLUTION NO. 25-125
RESOLUTION APPROVING REAL ESTATE PURCHASE AGREEMENT
FOR 220 AND 400 FREEL DRIVE
FOR THE CITY OF AMES, IOWA
WHEREAS, staff has identified acceptable properties that meet the criteria outlined to City
Council for the construction of the Resource Recovery and Recycling Campus (R3C). The
agreements for purchase contain contingencies which will allow the City to perform environmental
and engineering assessments prior to closing to verify the viability of constructing the R3C. Work
is underway to secure consultants to perform this work; and,
WHEREAS, due to the desire to design, construct, and open the R3C by July 1, 2027,
selection of the site in a timely manner is critical to moving forward with this new approach for
the recycling and disposal of the City's solid waste. Staff will return to the City Council with the
results of the evaluations in the next few months, or earlier if issues arise during the due diligence
period.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Real Estate Purchase Agreement in the amount not to exceed $807,500 with Freel Family,
L.P. for the purchase of 220 and 400 Freel Drive is hereby approved.
ADOPTED THIS 25th day of March, 2025.
_________________________________ ___________________________________
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 25th day of March, 2025.