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HomeMy WebLinkAbout~Master - Resolution approving lease extension for 220 Freel Drive with Waste Management of Iowa, Inc. by thirty (30) days with an expiration on January 30, 2026RESOLUTION NO. 25-632 RESOLUTION APPROVING LEASE EXTENSION FOR 220 FREEL DRIVE WITH WASTE MANAGEMENT OF IOWA, INC. BY THIRTY (30) DAYS WITH AN EXPIRATION ON JANUARY 30, 2026 FOR THE CITY OF AMES, IOWA WHEREAS, the City of Ames has an executed installment purchase contract with Freel Family LP for land at 220 Freel Drive. This property is one of the lots where plans are being developed for the new Resource Recovery and Recycling Campus (R3C). The City closed on this property on July 18, 2025; and, WHEREAS, at the time the contract was executed, Freel Family LP was leasing the land at 220 Freel Drive to Waste Management of Iowa, Inc. for a staging area for roll- off dumpsters and other waste receptacles for servicing Waste Management's customers; and, WHEREAS, the existing lease was inherited by the City of Ames through the installment purchase contract and is set to expire on December 31, 2025. In September, staff issued a notice to Waste Management that the lease would not be renewed; and, WHEREAS, staff from Waste Management approached the City in an effort to obtain an extension to the end date of the lease in order for them to continue planning for a new location for their services and assist in the logistics of moving their equipment off the property at 220 Freel Drive; and, WHEREAS, acknowledging the disruption this transfer of ownership has on Waste Management, and potential to further disrupt Waste Management's service to Ames customers, City staff believes a 30-day extension can be accommodated. The extension of the lease by 30 days will not impact the continued development of the R3C project. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the lease extension for 220 Freel Drive with Waste Management of Iowa, Inc. by thirty (30) days with an expiration on January 30, 2026, is hereby approved. ADOPTED THIS 23rd day of December, 2025. _______________________________ _________________________________ Renee Hall, City Clerk John A. Haila, Mayor Introduced by: Betcher Seconded by: Beatty-Hansen Voting aye: Beatty-Hansen, Betcher, Corrieri, Junck, Rollins Voting nay: None Absent: Gartin Resolution declared adopted and signed by the Mayor this 23rd day of December, 2025.