HomeMy WebLinkAbout~Master - Resolution approving third amendment to Restrictive Covenants Designating Affordable and Market Rate Housing Lots for Baker SubdivisionRESOLUTION NO. 26-091
RESOLUTION APPROVING THIRD AMENDMENT TO RESTRICTIVE COVENANTS
DESIGNATING AFFORDABLE AND MARKET RATE HOUSING LOTS
FOR THE BAKER SUBDIVISION
FOR THE CITY OF AMES, IOWA
WHEREAS, in 2016, the City used its Community Development Block Grant
(CDBG) funds to purchase a 10+ acre parcel of land now known as the Baker Subdivision.
To develop the site for mixed income households rather than exclusively as low - and
moderate-income housing, the City sought and received approval from HUD to create the
area as a Neighborhood Revitalization Strategy Area (NRSA) designation; and,
WHEREAS, the subdivision final plat created 26 single -family home lots, and
covenants were approved that identified which lots were restricted for affordable housing
and which lots were to be market-rate; and,
WHEREAS, the approved covenants identified 15 affordable lots and 11 market -
rate lots, which is 57% of the total lots as affordable. Staff recently identified a
miscalculation for the number of market rate lots; the calculation should have been 12,
rather than 11. This would change one designated affordable lot to a market-rate lot.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, that the third amendment to Restrictive Covenants designating affordable and
market rate housing lots for the Baker Subdivision, to create one additional market-rate
lot for a total of 12 and reduce the affordable housing designated lots to 14 , is hereby
approved.
ADOPTED THIS 24th day of February, 2026.
_______________________________ _________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Corrieri
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Junck, Gartin, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 24th day of February, 2026.