HomeMy WebLinkAbout~Master - Resolution approving the third Supplemental Agreement for Public Improvements for Kingsbury's Fifth Addition Lots 1 through 4RESOLUTION NO. 26-092
RESOLUTION APPROVING THE THIRD SUPPLEMENTAL AGREEMENT
FOR PUBLIC IMPROVEMENTS
FOR KINGSBURY'S FIFTH ADDITION LOTS 1 THROUGH 4
FOR THE CITY OF AMES, IOWA
WHEREAS, Lots 1 through 4 of the Kingbury's Fifth Addition Subdivision are
transferring ownership. The previous owner, WW Holdings, has a public improvement
agreement with the City of Ames to construct required public infrastructure along with
previously proposed development on the lo ts. The public infrastructure was partially
completed; and,
WHEREAS, these lots are located north of Target along SE 3 rd Street and are
being sold to Food at First. The change in ownership of the lots will still require the
remainder of the public improvements to accompany the newly proposed development
on the lots. The new owners will assume the responsibility for completing the rema ining
public improvements. The new owners will post financial security with the City to ensure
completion of the required improvements; and,
WHEREAS, the purpose of this action is to approve the third supplemental
agreement for public improvements to ensure that the public improvement responsibility
is properly transferred from WW Holdings Corporation to Food at First ; and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, that the third Supplemental Agreement for Public Improvements for Kingsbury's
Fifth Addition Lots 1 through 4 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.