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HomeMy WebLinkAboutA001 - Council Action Form dated May 26, 2026ITEM #:41 DATE:05-26-26 DEPT:P&H SUBJECT:PROPERTY REZONING AT 3299, 3312, 3699 EAST 13TH STREET & 1699 570TH AVENUE FROM PRC (PLANNED REGIONAL COMMERCIAL) WITH THE O-GNE NORTHEAST GATEWAY OVERLAY WITH A CONTRACT REZONING AGREEMENT TO PRC WITH THE O-GNE NORTHEAST GATEWAY OVERLAY, THEREBY REMOVING THE CONTRACT REZONING AGREEMENT COUNCIL ACTION FORM BACKGROUND: R-Pact Holdings, LLC & Jordan Elwell Properties are requesting a rezoning of land located at 3299, 3312, 3699 East 13th Street and 1699 570th Avenue in order to remove a previously approved contract rezoning agreement from 2005 that was approved when the property was originally approved as “PRC” (Planned Regional Commercial) with the O-GNE (Northeast Gateway Overlay). Approval of the request will maintain the base and overlay zones for commercial development. (See Attachment A- Location Map). (See Attachment B- Land Use Designation) The subject site(s) were at one time approved for a large-scale development of a regional mall and power retail center. The mall project approval was a multi-year process of annexation, land use designation, and ultimately a rezoning for the project that culminated in its approval in 2005, including a Contract Rezoning Agreement that regulated certain elements of the project with a conceptual development plan. Since that time, the original developer did not undertake the project and all of the land is now under common ownership by a different entity. (See Attachment F- Contract Rezoning Agreement) The current land owner has no plans to develop a regional mall and lifestyle shopping center on this site. The owner has previously addressed City Council with correspondence, most recently Fall 2025, seeking a change to the agreement. City Council concurred with proceeding with a proposed change. The owner is requesting through the rezoning process to remove the contract rezoning agreement as the agreement pertains to development of a regional mall lifestyle center since the owner has no plans for that style of development. The applicant’s statement is provided in Attachment E. The requirements of the current agreement included mandating concurrent development of both the north and south sites on either side of 13th street consistent with a concept development plan. The agreement also included requirements for minimum anchor store size in the mall, evidence of leases and financial conditions as well as certain obligations for extending water and sanitary sewer infrastructure to the site and street improvement 1 obligations, among other items. A more detailed breakdown of the items in the contract are included in an Addendum below. The agreement originally referenced a concept development plan to be replaced with approval of a more specific Masterplan for the regional mall project. The former developer received a Masterplan approval in 2006 in connection with the agreement requirements. This Masterplan approval would also be nullified as a result of removing the Contract Rezoning Agreement. An excerpt of the Masterplan is included in Attachment D below. Since the time of the original approval, the City adopted a new Comprehensive Plan, Ames Plan 2040. The Plan designates the properties as the “Community Commercial Retail” (Com-CR) (See Attachment C) Land Use designation. Adjacent to the site, land use designations include Employment for land to the east south of 13th and RN4 and RN5 for Residential development east and northeast of the site. Applicable zoning categories for Community Commercial Retail include the current PRC zoning that is the proposed base zoning of the application. Removal of the contract rezoning agreement maintains the current PRC zoning and O- GNE overlay district standards, which is consistent with Ames Plan 2040. Public Outreach Staff mailed a Notice of this action to property owners within 400 feet of the boundaries of the zone. Rezoning Notice Signs have also been posted at the site. Planning & Zoning At the May 6th Planning & Zoning Commission meeting the Commission considered this rezoning request. Staff presented the issue. The owner introduced themselves but had no comments. The Commission did not have any further questions. No other discussion was had. The Planning & Zoning Commission voted 6-0 to recommend City Council approve the rezoning. ALTERNATIVES: 1. The City Council can approve on first reading the request to rezone the properties located at 3299, 3312, 3699 East 13th Street and 1699 570th Avenue from “PRC” (Planned Regional Commercial) with the O-GNE (Northeast Gateway Overlay) and a Contract Rezoning Agreement to “PRC” (Planned Regional Commercial) with the O- GNE (Northeast Gateway Overlay), thereby removing the Contract Rezoning Agreement, and to approve a resolution rescinding the Masterplan approval. 2. The City Council can deny the request to rezone the properties located at 3299, 3312, 3699 East 13th Street and 1699 570th Avenue and maintain the current rezoning agreement. 3. The City Council can defer action on this item for 30 days and request more information from the applicant or staff. 2 CITY MANAGER'S RECOMMENDED ACTION: The owner is requesting removal of the Contract Rezoning Agreement that was approved in 2005. The owner has no plans to ever construct a regional mall and lifestyle center as was envisioned in the Contract Rezoning. Although there is no specific proposal for the site at this time, the developer desires to develop commercial on the site in the future. The current agreement based upon development of a mall is a hinderance to the process because of the uncertainty it creates about changing it and adds additional time to a future project approval process. A Masterplan approved in 2006 will also be nullified with a Resolution as a separate action in conjunction with the elimination of the Contract rezoning requirement. Staff agrees that the regional mall concept is not feasible and likely will never be feasible in the current economic development world based upon regional competition in Altoona and West Des Moines, as well as internet based retail. If a mall were to be become feasible, the owner could once again propose such a project under the PRC and O- GNE zoning. Although the contract rezoning agreement addresses a number of improvement requirements for the developer, future development will still be subject to subdivision, master plan/site development plans to ensure property coordination of public improvements occurs. Therefore, eliminating the requirements established with the initial rezoning will not be a detriment to the general welfare of the community because of the remaining zoning standards and City development review processes that would still apply to a future project. Development of commercial at this location is an important part of the City’s Comprehensive Plan as a premier site for commercial development within the city due to access and visibility. However, a mall is not an essential development option to fulfill the City’s desire for commercial development on these sites. Therefore, it is the recommendation of the City Manager that the City Council adopt Alternative #1. It should be noted that a companion text amendment to the O-GNE standards that simplifies the review process and removes requirements that were originally based upon a mall design concept will be presented to City Council in June. ATTACHMENT(S): Addendum.pdf Attachments A-E.pdf Attachment F- Rezoning Agreement.pdf East 13th St and 570th Ave Rezoning ORD.pdf 3 ADDENDUM Ames Plan 2040. The Future Land Use Map classifies the land proposed for rezoning as “Com-CR” (Community Commercial Retail). The zoning being maintained for this site is supported by the Com-CR designation. No change to Land Use is proposed or occurring as a result of this rezoning. Maintaining the site for commercial use is consistent with Plan 2040. Proposed Zoning. The applicant proposes to remove the Contractual Rezoning Agreement on the property while maintaining both the current PRC zoning and O -GNE overlay standards. No change in actual zoning type is being proposed. The O-GNE, which is being maintained, was primarily intended to be applied to this commercial area with a regional shopping center. The Overlay has been applied to this location since 2005. It was developed in conjunction with the mall approval and attempted to address a number of design and compatibility issues for large scale mall project. Given that the O-GNE addresses commercial designs with guidelines and standards that are important for large scale general commercial development, it is being maintained in conjunction with the PRC zoning designation. The base zone and overlay would still allow for various types of commercial developments including shopping centers and other commercial uses. The owner has no plans to construct a regional mall which is the main basis of the O- GNE and a master plan. A Masterplan approved in the December 2006 for a regional mall and lifestyle center is being removed with the removal of the contract rezoning agreement. Changes to the O-GNE will be considered in the future to address the specifics of commercial development and mall based requirements that are no longer desirable. Protections for Ketelsen Marsh in rural Story County to the north of this site are maintained in the O-GNE standards. Contract Rezoning Agreement. The contract rezoning agreement was approved in November of 2005. The agreement set expectations and requirements on several aspects of site development at that time. The primary purpose was to ensure a certain manner of development occurred in accordance with the expectations of the intended use of a regional mall and to ensure the development materialized in the interests of the community in a planned, orderly fashion to protect public health, safety and general welfare and in the event the project was not feasible certain claw backs, remedies and releases were attainable. The main items included in the Agreement are outlined below: 4 • Requirements on minimum anchor store size and number of stores. • Construction of areas north and south of 13th Street within a given time period of either side. • Evidence of equity and financing by the developer. • Evidence of a minimum number of leases within a given timeframe. • Verification of retail outlets that must be new to the community. • Requirements for construction of infrastructure such as Sanitary Sewer, Water Main construction and Storm Sewer. • Requirements and responsibilities for street construction and improvements. • Other legal requirements and protections. If the rezoning is approved, these agreement requirements will no longer apply and development will occur under standard zoning and subdivision processes. Future development will still be subject to a public hearing either due to subdivision proposal or by requirements of the O-GNE for a Master Plan approval of a project. Existing Uses of Land. Land uses that occupy the subject property and other surrounding properties are described in the following table. Direction from Subject Property Existing Primary Land Uses Subject Property Farmland / Undeveloped North Farmland/ Undeveloped East Farmland/ Undeveloped/ Industrial Warehouse South Farmland/ Undeveloped, Railroad and some rail siding, Barilla to the south West Interstate 35 along with Industrial & Commercial Infrastructure. No infrastructure considerations are necessary with this action. Since the original approval, water main infrastructure exists that can serve the site along with a trunk line sewer extension across the south property frontage. Any future development on this site must meet any additional requirement for infrastructure on its own beyond what has already been installed. Site access, frontage improvements, shard use path extension, 270 th paving, and internal water and sewer extension will be addressed at the time of a future development. 5 Findings of Fact. Based upon an analysis of the proposed rezoning and laws pertinent to the proposed map amendment, staff makes the following findings of fact: 1. The subject property is owned by R-Pact Holdings, LLC & Jordan Elwell Properties. The rezoning request and statement of justification is included as Attachment E. 2. Ames Municipal Code Section 29.1507(1) allows the property owner to initiate an amendment to the Official Zoning Map. 3. The proposed rezoning is consistent with the classification of “Com-CR” (Community Commercial Retail) identified on the Ames Plan 2040 Future Land Use Map described on Attachment C. 4. Development in the “PRC” and O-GNE zoning district requires a Master Plan and site plan review process to assure that such development and intensity of use assures a safe, functional, efficient, and environmentally sound operation. 5. Potential impacts on infrastructure and City services for this site are consistent with what is already anticipated for the area. Public Notice. The City provided mailed notice to all property owners within 400 feet of the subject property prior to the Planning and Zoning Commission meeting in accordance with the notification requirements of Chapter 29. 6 Attachment A- Location & Zoning 7 Attachment B- Land Use Map 8 Attachment C -Land Use Guiding Principles 9 Attachment D- 2006 Master Plan 10 Attachment E- Applicants Statements 11 1 ' When reconled renrn to preparer RETI'BN TO: AUES CIfi CLERR BOX 8ll A!|ES rA 50010 -0811 \tr|\ *d Instrurent:2007- m011279 kte:0€r 18r2ul7 08:08:254 0 Aec Fee! 135.00 E-C Fee: 6 Aud Fee! .00 Trons Tax: R Rec llunq:enent Fee: 1.00 l.m .00 llon-$tmdard Pue Fee; 10.S0 Filed for rersrd in Storc Countrt lofll Susot L. [llnde l( pr Cowtc Recorder : William D. Banine. The Firancial Center.666 Walnul Suite 2000. Des Moines.lA 50309-3989. 515-243-7100 AN AGREEMENT PERTAINING TO TEE REZONING A}ID DEVELOPMENT OF LANI) IN THE CITY OF AMES THIS AGREEMENT, made and entered into this 7L day of lb?bttl!4 2005, by and between the CITY OF AMES, IOWA, a municipal corporation (hereinafter called "City") established pursuant to the Iowa Code and acting under the authorization of Iowa Code Chapter 414 (2005); and WOLFORD DEVELOPMENT OPTIONS, L.L.C., aNevada limited liability company, its successors and assigns (all hereinafter collectively called "Developer"). WITNESSETH THAT: WHEREAS, the parties hereto desire the improvement and development of an area legally described as set out on Appendix A, hereinafter called the "Site;" WHEREAS, Developer has petitioned the City requesting that zoning regulations of the City be changed to rezone the Site from a zoning district classification of Agricultural ('A) and Planned Industrial C'PI), as applicable, to the Planned Regional Commercial ("PRC") zoning district. WHEREAS, the Parties agree that said zoning change should occur subject to imposition on Developer of conditions that are in addition to existing regulations ofthe City, all as provided for by Iowa Code $ 414.5 (2005); NOW, IUEREFORE, the parties hereto have agreed and do agree as follows; ARTICLE 1. INTDNT AND PURPOSE t.l IntenL It is the intent of this Agreement to provide for the development of a planned regional commercial center that will serve not only the City, but also the surrounding market area. Such commercial center is characterized by a lifestyle center north of East 13th Street and a power center south of East 13th Street, both of which shall include anchor stores, and free-standing retail, dining and entertainment establishments served by common parking areas. The provisions of this Agreement, coupled with the ordinances of the City of Ames, Iowa, will facilitate dwelopment in a planned, orderly fashiorl so as to protect public healttr, safety, and general welfare, in accordance with the Lffd Use Policy Plan of the City. 12 1,2 Puroose. Therefore, it is the purpose ofthis Agreement to: A. Document, record, and give notice of a certain plan of development, and the public and private measures and undertakings essential to the implementation of that plan of development. for the Site, B. Provide remedies to the City in the event the said plan of development is not adhered to or achieved by the Developer. C. Provide parameters for requests for releases of the Developer in the event project completion is not feasible, and upon completion ofthe planned improvements, This Agreement does not create or vest in any person or organization other than the City any rights or cause of action with respect to any performance, obligation, plan, schedule or undertaking stated in this Agreement witi respect to the Developer or the Project, This Agreement does not prevent the City from amending, modifying, or releasing the Developer from some or all ofthe provisions of this Agreement. No person shall have ary cause of action or recourse against the City or Developer by reason of any suoh amendment, modificatiotl or release. ARTTCLE 2. DEFINITIONS 2,1 Definitions. In addition to other definitions set forth in this Agreement, all capitalized terms used and not otherwise defined herein shall have the following meanings unless a different meaning clearly appears from the context: A. Asreement means this Agreement Pertaining to Rezoning and Development of Land in the City of Ames and all appendices hereto, as the same from time to time may be modified, amended, or supplanted. B. Qjlg means the City of Ames, Iowa, or any successor to its functions. C. Concentual Site Plan shall conceptual development plan for the Site as incorporated herein by tlis reference. mean the graphic depiction of Developer's shown in Appendix E attached hereto and D. Developer means Wolford Development Options, L.L.C., a Nevada limited liability oompany, and its lessees, licensees, successors and assigns. E. East Barilla Site shall mean that area of land described on Appendix D hereto, 13 F. I'HWA shall mean the Federal Highway Administration, an agency of the United States of America. G. Gross Buildins Area (GBA) shall mean the area of a building measured to the exterior face ofthe buildine line without deductions. H. Iown Code shall mean the Iowa Code (2005). I. IDOT shall mean tlre Iowa Department of Transportation, an instrumentality ofthe State of lowa. J. Maior Anchor Store shall mean 80.000 square feet GBA. a Retail Store containing not less than K. Minor Anchor Store shall mean a Retail Store containing more than 10,000 square feet GBA and less than 80,000 square feet GBA" and also includes a multi-screen movie tieatre. L. North Site shall mean that arca of land described by Appendix B attached hereto. M. Outoarcel shall mean a separately platted tract of land within the Site that will legally support free-standing buildings and designated as such on Appendix E. N. Proiect shall mean a lifestyle shopping center and related improvements to be constructed on the North Site and a power center and related improvements as defined in tlis Agreement to be constructed on the Souti Site. O. Rezoning Ordinance shall mean an ordinance subjecting the Site to the Planned Regional Commercial District, and North East Gateway Overlay District zoning regulations of tle City. P. REA shall mean the form of reciprocal easement agreement entered into by and among the Developer and the owners of the ldajor Anchor Stores, as amended from time to time. The City acknowledges that it is possible that there may be separate REAs for the North Site and the South Site; therefore, the term "REA' shall refer to the reciprocal easement agreements, collectively. a Retail Store (which may be a Major Anchor Storg a Minor Anchor Store, or a Specialty Store) shall mean a store or similar commercial concern incorporating one or more of the operations typically found at a shopping center or a lifestyle center including without limitation the sale ofgoods and services, entertainment uses, and ofEce uses. R, Site shall mean the land legally described in Appendix A attached hereto. The Site includes the North Site. the South Site. and the East Barilla Site. S. Soecialtv Store shall mean a Retail Store containing less than 10,000 square feet GBA. -3- 14 hereto T. South Site shall mean Ihat area of land described by Appendix C attached U. SUDAS shall mean Statewide Urban Design and Specifications, current edition. V. Trallic Studv shall mean the October 2003 traffrc study by HWS Consulting Group, Inc. entitled "I 35 and E. l3th Development." iffif^1% 3,1 RezoninsOrdinance. This Agreement shall be construed under Iowa Code $ 414.5 as a wdtten agreement by Developer for the imposition of conditions that are in addition to existing regulations, which Agreement has been entered into by Developer and City prior to the public hearing required under $ 414.5. Dweloper understands and agrees that the execution of this Agreement is a condition precedent to any action by the City in holding a public hearing on the Rezoning Ordinance or taking any council action with respect to a rezoning ordinance. City and Developer agree that the conditions contained in this Agreement are reasonable and the result of extensive negotiations between the parties, and that the conditions and requirements imposed upon the parties herein are necessary to satisry public needs that are directly caused by Developer's rezoning request. 3.2 Effective Date of Rezonine Ordinance. A. City and Developer agree that this Agreement is the binding obligation of Developer immediately upon Developer's execution and delivery of this Agreement to the City before tlre public hearing required under lowa Code $414.5, subject to final passage of the Rezoning Ordinance by the City Council in accordance with Iowa Code g 380.3. In addition to binding the Dweloper, the City desires that the effect of the Rezoning Ordinance shall be to make this Agreement a coveoant running with the land subjeoted to the Rezoning Ordinance at such time as Developer acquires fee simple title to that land. Because the Rezoning Ordinance shall become effective under Iowa Code g 380.6 only when published in accordance with Iowa Code $ 380.(3), it is agreed by Developer that the City Council may direct the City Clerk to defer publication of the Rezoning Ordinanoe until Developer gives proof to the City by an opinion oftitle by an attorney at law who has examined the abstract oftitle of the land that is the subject of the Rezoning Ordinance that fee simple title to that land has been conveyed to Dweloper. At the time of such publication" the Agreement shall be a covenant valid and binding on the Developer and the land subjected to the Rezoning Ordinance, B. The City may enact the Rezoning Ordinance for the Site. If the aforesaid opinion of title with respect to the Site is not delivered to the City as aforesaid by the ls day of December, 2007, the City may repeal or change the Rezoning Ordinance, and Developer shall have no cause of action against the City for or by reason ofsuch repeal or change. tl 15 3,3 Effect of Aereement, Developer and City shall diligently and in good faith proceed to comply with all of the terms, conditions, and covenants contained in this Agreement, and all ordinances ofthe City of Ames, Iowa. The City shall have no obligation to issue any approvals with respect to any grading, excavation, construction, reoonstructiolr, or remodeling on the North Site until the City Council determines that the Master Plan for the Site and Major Site Development Plan submitted by Developer for the North Site comply with the requirements of the ordinances and policies of the City of Ames and this Agreement. The City shall have no obligation to issue any approvals with respect to any grading, excavation, construction, reconstruction, or remodeling on the South Slte until the City Council determines that the Master Plan for the Site and Major Site Development Plan submitted by the Developer for the South Site comply with the requirements ofthe ordinances and policies ofthe City ofAmes and this Agreement. Consistent with Section 4.4 hereof, the Master Plan and the Major Site Development Plan shall show the East Barilla Site as property for future development. 3,4 Concertual Site Plan. The Conceptual Site Plan shall be supplanted by the Master Plan when approved by the City pursuant to the O-GNE Ordinance, which in turn shall be supplanted by the Major Site Development Plan when approved by the City for the respective portions ofthe Site. ARTICLE 4, IMPROVf,MENTS TO BE CONSTRUCTED 4.1 I)eveloner's Obligation to Construct. The Developer agrees to construct a regional commercial lifestyle center on the North Sitg and may construct a regional oommercial power center on the South Site, all in a manner that is consistent with the ordinances and polioes of the City, and this Agreement. Developer shall also construct certain on-site and off-site infrastructure improvements in support of tlre Projecg all as required by Article 7 ofthis Agreement. 4.2 North Site Imorovements. Developer agrees to construct or cause to be constructed a minimum of four hundred ninety-eight thousand (498,000) square feet GBA of buildings and other regional commercial improvements on the North Site, exclusive of Outparcels, as follows: A. Two (2) Major Anchor Stores totaling at least one hundred sixty thousand (160,000) square feet GBA; B. A combination of Major Anchor Stores, Minor Anchor Stores, and Specialty Stores totaling at least four hundred ninety-eight thousand (498,000) square feet GBA; and C. Subject to the requirements of Sections 4.2.A and 4.2.8, above: -f- 16 5.2 ConstructionPeriod. A. North Site, Developer agrees to complete the construction ofthe exteriors of buildings having not less than 498,000 square feet GBA as described in Section 4.2, and the site and off-site improvements relating thereto within three (3) years from the date of issuance to Developer or its assigns ofthe first building permit related to any portion of the North Site. B. South Site. Dweloper agrees, exercisable at its option, to complete the construction of the exteriors of buildings having not less than 300,000 square feet of GBA described in Section 4.3, and the site and off-site improvements relating thereto, within three (3) years from the date of issuance to Developer, or its assigns, ofthe first building permit related to ary portion of the South Site, 5,3 Conditions Precedent to Citv's Obligation to Issue Permits and Auorovals - North Site. The City shall have no obligation to issue any permits or approvals in connection with the North Site until the Developer has satisfied each and every one of the following conditions precedent: A. Submission of Evidence of Eouitv Capital and Financine. Developer shall submit to the City evidence of equity capital and written commitments for funding and financing necessary for completion of the North Site. The commitments for financing shall be unconditional commitments to provide construction mortgage financing and shall provide for a loan-to-value ratio as determined by Developer's lender, subject to customary conditions based on the Developer's performance of certain obligations prior to receiving funding including, but not limited to, preJeasing requirements, covenants pertaining to title, provision of mechanic's lien waivers, inspection duties, approval of the construction budget of Developer's general contractor for the North Site, and other commercially reasonable due diligence requirements. The level of equity capital shall be deemed acceptable hereunder if provided in the amounts required by Developer's lenders. B. Submission of Evidence of Leases. Developer shall submit to the City evidence of binding Iease or sale commitments (which may be in the form of so-called short- form leases or memoranda of sales contracts) from purchasers or tenants for the North Sile, as follows: L Developer shall submit to the City fully executed binding lease or sale transaction instruments as referenced in Section 5.3.B above with at least three hundred twenty-nine thousand (329,000) square feet GBA of Major Anchors, Minor Anchors, and Specialty Shops, ofwhioh there must be: (a) at least two Major Anchor Stores having an aggreEale area of not less than one hundred sixty thousand (160,000) square feet cBA; O) at least eighty thousand (80,000) square feet GBA ofRetail Stores that did not have a store open for business in the City as of December 31, 2004; AND (o) not less than forty thousand (40,000) square feet GBA ofMinor Anchor Stores. 2. Rental or purchase price information may be redacted. -7- 17 L At least one hundred sixty thousand (160,000) square feet GBA of such space must be Retail Stores that did not have a store open for business in the City as ofDecember 3 l, 2004; and 2. At least eighty thousand (80,000) square feet GBA ofthe above- stated 160,000 square feet GBA shall be Minor Anchor Stores. 4.3 South Site Improvements. Developer agrees to construct or cause to be constructed, exercisable at Developer's option, a minimum of thnee hundred thousand (300,000) square feet GBA ofbuildings and other regional commeroial improvements on the South Site, exclusive of Outparcels, that shall include at least one (l) Major Anchor Store ofnot less than eighty thousand (80,000) square feet GBA. The balance ofthe said three hundred thousand (300,000) square feet GBA ofbuildings shall be comprised of either Major Anchor Stores, Minor Anchor Stores, and/or Specialty Stores. 4.4 No East Barilla Site Imorovements Reauired. Developer and City agree that Developer shall not be required to construct any regional commercial improvements on the East Barilla Site pursuant to the terms of this Agreement. Developer acknowledges that it shall submit a Master Plan for the East Barilla Site as property for future development at the time that Developer seeks Master Plan approval for the North Site or the South Site, but that it may be required to submit a new Master Plan for the East Barilla Site in the future if the development plans of Developer or its successors and assigns for the East Barilla Site vary materially from the approved Master Plan for the East Barilla Site. 4,5 Force Maieure. With respect to the requirements of this Article 4, it is understood that delays could result from causes that may reasonably be presumed to be beyond the control of either pa(y. Those causes are agreed to be: governmental war measures, wind storms, or labor strikes. Both parties shall, in good fait[ use such effort as is reasonable under all the circumstances known at the time to mitigate delays caused by such events and make reasonable allowances ofadditional time for performance of the requirements of this Article when any event as aforesaid causes an unavoidable delay. Any party desiring an allowance of additional time for performance shall give witten notice thereof to the other party within 20 days of the occurence of the event that caused or will cause delay. ARTICLtr 5. TIMING AI\D BI]ILD-OUT OF THE PROJECT 5.1 Single-PhaseConstruction, Dweloper agrees to construct, or cause to be constructed, the improvements described in Sections 4.1, 4.2 nd 4.3 for both the North Site and, when applicable, the South Site, concurrently and not in phases. -6- 18 5.4 Conditions Precedent to Citvrs Oblisation to Issue Permits and Anorovals - South Site" The City shall have no obligation to issue any permits or approvals in connection with the South Site until the Developer has satisfied each and every one of the following conditions precedent: A. Submission ofEvidence ofEquity Capital and Financing. IfDeveloper elects to construct power center improvements on the South Site, Developer shall submit to the City evidence of equity capital and written commitments for funding and financing necessary for completion of the South Site. The commitments for financing shall be unconditional commitments to provide construction mortgage financing and shall provide for a loan-to-value ratio a$ determined by Developer's lender, subject to customary conditions based on the Dweloper's performance of certain obligations prior to receiving funding including, but not limited to, pre-leasing requirements, covenants pertaining to title, provision of mechanic's lien waivers, inspection duties, approval ofthe construction budget ofDevelope/s general contractor for the South Sitg and other commercially reasonable due diligence requirements. The level of equity capital shall be deemed acceptable hereunder if provided in the amounts required by Developer's lenders. B. Submission of Evidence of Leases. Developer shall submit to the City evidence of binding lease or sale commitments (which may be in the form of so-called short- form leases or memoranda of sales contracts) from ourchasers or tenants for the South Site- as follows: 1. Developer shall submit to the City fully executed binding sale or lease transaction instruments as referenced in Section 5.4.8 above with at least one Major Aachor Store and with additional Major Aachor Stores, Minor Alchor Stores, and Specialty Stores having an aggregate area ofnot less than fifty percent (50%) ofthe number determined by subtracting the actual total square feet GBA of such Major Anchor Store from three hundred thousand (300,000) square feet GBA required under Section 4.3 hereof 2. Rental or purchase price information may be redacted. 5.5 Procedure for Review of Information. Decisions by the City as to whether information submitted by the Developers satisfies the requirements of Sections 5.3.d 5.3.B, 5.4.A and 5.4.B above shall be made by the City Afiorney. 5.6 Irsuance of Permits and Approvals. A. The City shall not be obligated to issue any permits or approvals for any portion ofthe Site until Developer has provided fue protection service, sanitary sewer service, and interior all-weather construction road service to the property lines of the North Site and the South Site as required to support Dweloper's construction activities. There shall be no obligation to provide interior construction road service for the Soutl Site until the Developer takes out building permits fcr the South Site. 19 B. The City shall not be obligated to issue any permits or approvals with respect to the South Site until the City issues to the Developer, or its assigns, all permits and approvals that will support the construction ofat least 329,000 square feet GBA in accordance with Section 5.3.B.1, ARTICLE 6. OTHER RESTRICTIONS 6.1 Waiver of Tax Abatement, In consideration ofthe City's execution ofthis Agreement, Developer hereby covenants that it shall not seek or obtain any form of tax abatement with respect to the Site, whether authorized under the Iowa Code or the Municipal Code of the City, and Developer, acting on its own behalf and for its successors and assigns, hereby irrevocably and permanently waives any right that it may have under law to seek or obtain any form oftax abatement with respect to the Site. 6.2 General Anplicabilitv of Other Laws and Ordinances. The parties acknowledge and agree that this Agreement is being executed in contemplation of the Conceptual Site Plan, but without further review or approval of specific plans for the Project. Therefore, the parties acknowledge and agree that it is not possible to anticipate all of the infrastructure requirements of Developer that may be required to properly develop the Site. Therefore, the parties agree that all work done by or on behalf of the Developer with respect to public streets, sidewalks, bike paths, building design and construction, and utilities Ooth on-site and off-site) shall be made in compliance with the Iowa Code, the Ames Municipal Code, SUDAS, and all other federal, state, and local laws and policies of general applicatiorl whether or not such requirements are specifically stated in this Agreement. ARTICLE 7. PT'BLIC INT'RASTRUCTURE 7.1 Comoliance With Ordinances and Other Rules of General Aoolication. All work perfiormed pursuant to this Article 7 shall be done in good and workmanlike fashiotL in compliance with StlDAS, City ordinances, rules, regulations, and standards that are generally applicable to all development projects regulated by the City, and all such work shall be approved in advance by the City in accordance with standard practices ofthe City. 7.2 Water. A. East 13th Street East to 570th Avenue. Developer shall pay City a connection fee ofForty-one thousand Dollars ($41,000.00) for the right to connect to the existing City water main along East 13th Street west ofits intersection with 570th Avenue. B. 570th Avenue North of East 13th Street. Developer, at its cost shall, in conjunction with Developer's construction activities and prior to the issuance ofany City permits -v- 20 or approvals, extend a twelve-inch (12") water main from East 13th Street north along 57fth Avenue to the northern boundary ofthe North Site. C. East l3th Street East of 570th Avenue. While Developer shall be obligated at its cost to extend a twelve-inch (12") water main along East 13th Street through and east of its intersection with 570th Avenue to the eastern boundary ofthe East Barilla Site, such obligation for the extension east of 570' Avenue shall arise only at such time that Developer fites a final plat affecting the East Barilla Site, and Developer shall not be obligated to construct such water main until the City approves a final plat covering all or part of the East Barilla Site. However, the Developer and the City agree that if development by anyone occurs on land in the vicinity of the Site, and East of 570'o Avenue, the Developer shall proceed immediately with the construction ofthe said water main upon receipt of written notice from the City to do so. D- Early Development East of the Site, The City and Developer acknowledge that one ofthe inducements to the City for enactment ofthe Rezoning Ordinance is the extension ofa water main eastward from 57oth Avenue to the eastern boundary ofthe Sitg and north of East 13th Street along 570th Avenue to the northem boundary of the Site, for purposes of facilitating the economic development of the land lying east of the Site. If such development begins before December 1, 2007, the Clty may construct the aforesaid water main and the Developer shall reimburse the City for each progress payment and final payment made by the City for that worh within ten days ofthe City's notice to Developer ofa payment having been made. The Developer shall have no obligation to reimburse the City as aforesaid until such time as the Developer has acquired title to the Site. If the Developer acquires title to the Site while such work is in progress or after it is completed, the Developer shall then reimburse the City for all payments made by the City for such work not later than ten days following a request for payment by the City. 7,3 Sanitarv Sewer, A. Initial Obligation of Developer. In conjunction with Developer's construction activities and prior to the issuance of any City permits or approvals with respect to the North Site or the South Site, Developer at its sole cost wilt extend a trunk eighteen inch (18,') sanitary sewer line within existing city right-of-way along East 13th street from Dayton Avenue to 570th Avenue; and, a twelve inch (12") sanitary sewer line along 570b Avenue fiom East l3t Street to tlte north line of the North site. while Developer shall be obligated, at its cos! to extend a twelve inch (12") sanitary sewer main along East 136 Street through and east of its intersection with 570* Avenue to the eastem boundary of the East Barilla sitg such obligation for the extension east of570ft Avenue shall arise only at such time that Developer or its Juccessors and assigns file a final plat affecting the East_ Barilla Site, and Developer shall not be obligated to construct such sanitary sewer east of 570fr Avenue until the city approues a final plat Jovering all or part of the East Barilla site. However, the Developer and city agee that if development occurs on the land in the vicinity of the site, east of 570'D Avenue, the Developer shall proceed immediately with the construction of the said sanitary sewer upon receipt of written notiie from the City to do so. -10- 21 B. Develooer's Obligation at Time of Subdivision. In connection with the final platting proceedings for any portion ofthe Site, Developer shall extend sewer mains to service each portion ofthe Site that is so plafted. C. Early Development East of the Site, The City and Developer acknowledge that one ofthe inducements to the City for enactment ofthe Rezoning Ordinance is the extension of sanitary sewer service eastward from Dalton Avenue to the eastern boundary ofthe Site, and north ofEast 13th Street along 570th Avenue to the northem boundary ofthe Site, for purposes o facilitating the economic development of the land lying east of the Site. If such development begins before December l, 2007, the City may construct the aforesaid sanitary sewer extensions and the Developer shall reimburse the City for each progress payment and final payment made by the City for that work, within ten days of the City's notice to Developer ofa payment having been made, The Developer shall have no obligation to reimburse the City as aforesaid until such time as the Developer has acquired title to the Site. If tbe Dweloper acquires title to the Site while such work is in progress or after it is completed, the Developer shall then reimburse the City for all payments made by the City for such work not later than ten days following a request for payment by the City. 7.4 Water and Sanitarv Sewer Extension Benefits Adiustment. For the purpose of assessing the costs of water and sanitary sewer utility extensions on the basis of benefit to land areas, it is recogaized that the City has the authority, and shall take all necessary action, to establish water and sanitary sewer utility connection fee districts pursuant to the procedures provided for by lowa Code g 3S4.3S(3). The City shall, subject to its govemmental discretion, establish such districts with respect to the areas of land that are not a part ofthe Site but which will be served and benefitted by the extension of water and sanitary sewer.utilities pursuant to this Agreement; and the money collected by tlre City by virtue of such districts shall be disbursed to the Developer to such extent and in such amounts as the City shall determine to be an equitable adjustment for the benefit provided to the areas within such districts by virtue ofthe Developer's construction ofwater and sanitary sewer utility facilities as required by this Agreement. 7.5 Storm Water. Developer, at its cost, will construct all storm water 'Best Management Practices" for water quality and quantity control facilities on the Site and off-site to the extenr necessary to support the management of storm water drainage and disposal from the Site. Such construction shall be when and where it is deemed necessary by the City in consultation with the Developer to assure the proper function ofthe storm water management system for the Site. 7.6 f,lectric. Developer, at its cost shall install or relocate all streetlights along public streets in the Site; and, along l3'Street east fiom the east exit ramps for I-35; and, along 570s Avenue north of its intersection with 13* Street; and, along l3h Street east of 570h Avenue to the eastem boundary ofthe East Barilla Site at such time as when street improvements east of570t Avenue are required. -11- 22 7,7 Bicvcle/PedestrianPaths. Developer will extend a l0 foot wide bike path on the north side of East 13th Street from the eastem edge ofthe paving ofthe north entrance ramp for I-35 to the eastern edge of the North Site. 7.8 Cv-Ride, Developer will contribute Fifty Thousand Dollars ($50,000) for the acquisition of a bus and will construct drop/off and turn-around facilities at both the North Site and the South Site, ifthe South Site is developed. 7.9 Streets. A. Interstate I-35 / East l3th Street Interchanqe. Developer, at its sole cost, shall complete all studies, designs, and construction of improvements required by the IDOT and the FIIWA with respect to the Interstate I-35/East 13th Street interchange. B, East l3th Sfieet and 570t Avenue Improvements. L City Responsibility. It is recognized that the existing two lanes of roadway on East 13th Street adjacent to the Site, extending from the easterly most point of the I-35 interchange rarnp to the east line of the East Barilla Site are deteriorated and in need of reconstruction; and, that the costs of that reconstructing is the City's responsibility. It is also recognized that it will be more effrcient for the Developer to do that reconstruction work in the context of other improvements to East 13th Street for which Developer has agreed to be responsible. It has been determined by the estimates of the City's engineers that the cost for reconstruction ofthe said two lanes ofEast 13th Street is equivalent to the cost of the contemplated paving of570th Avenue north of East 13th Street to the north boundary of the Site. Therefore, in consideration of the Developer causing the reconstruction of the said existing two lanes of East 13th Strest roadway to the standsrds of the City, and to be compliant u/ith the statutory requirements for public bidding of street improvements, the City shall, subject to its governmental discretion and in accordance with statutory procedures, award a contract for the construction of the 570- Avenue roadway to City standards for the full width of the roadway from the north line of East 13th Street to the north line ofthe Site. 2. Develooer Responsibilitv. The Developer shall construct at its sole expense, to the standards of the City, all the improvements stated in the Traftio Study, plus the reconsfiuction to City standards ofthe full width of roadway on East l3th Street adjacent to the Site, extending from the easterly most point on tle I-35 interchange ramp to the east line ofthe Site. Notwithstanding the foregoing, Developer and City agree that Developer shall not be required to construct any East l3tl Street improvements east from 570th Avenue to the east boundary of the East Barilla Site until a final plat is filed with respect to the East Barilla Site. However, the Developer and City agree that if development by anyone occurs on 1 a 23 land in the vicinity of the Site, and east of 570' Avenue, or if improvements are needed due to road condition or traffic volume, the Developer shall proceed immediately with the construction of the said East 13u Street east from 570rr Avenue to the east boundBry ofthe East Barilla Site as an industrial street meeting City standards, plus the improvements for that street segment detailed in the above stated Traffrc Study, upon receipt of witten notice fiom the City to do so. C. Developer Responsibility for Traflic Study Work. By way of specification but not limitation it is agreed that Developer, at its sole cost, shall construct all of the roadway and right-oflway improvements speoified in the Traffic Study, including, without limitation, lane widening/reconstruction, turn lanes, and traffrc signals, plus work required by the FHWA or IDOT, but excluding work to be performed by the City pursuant to Sestion 7.9(BXl) hereof. If the Tra.flic Study is modified and such modifications are approved by the City, Developer shall be bound by such modifications to the Traffrc Study. D. East l3th Street Access Points. The City acknowledges that the Developer shall be allowed access points for the Site as shown on Appendix E, conceptual Site Plaq subject to the requirements of tJre IDOT, the City, and the FHWA. 7.lO Permits and Apnrovals Withheld It is understood and agreed that the City shall issue no permits or approvals with respect to any work or installations on the Site until Developer has perficrmed or completed all of Developer's obligations under Article 7 or work is in progress to complete those obligations. If a permit or approval is issued by the City based on such work in progress, and such progress should cease for any reason, the City shall issue no further permits or approvals until progress on such work is resumed. ?.11 Letter of Credit To secure the completion of the publio infrastructure .requirements of Artiole 7, except for interchange improvements and improvements east of 570- Avenue, Developer shall provide as a condition for approval ofa final plat a letter of credit to the benefit ofthe City in such amount as shall be reasonably required by the City's engineers, in a form approved by the City's attorney. Said letter of credit shall be maintained in effect until the said infrastructure requirements are completed and accepted by the City, but the letter of Credit may be replaced in lower amounts to reflect work that has been completed and accepted by the City, ARTICLf, 8. FEDS, PERMITS, A}ID EASEMENTS 8.1 Rishts of Wav. Developer, without receipt of additional consideration other than the City's execution of this Agreemen! but after it acquires title to the Site, shall grant and dedicate to the City all additional rights of way for East 13th Street and 570th Avenue required by the City in connection with the Project, as a condition preoedent to any permits or approvals by the City. -13- 24 8,2 Easements. Dweloper, without receipt of additional consideration other than the City's execution of this Agreement, but after it acquires title to the Site, shall grant to the City all necessary easements and licenses that the City deems necessary to establish and support public infrastructure improvements and facilities on the Site, as a condition precedent to any permits or approvals by the City. ARTICLE 9. EFTECT OF COVENANTS UPON Dtr!'ELOPER AND THE SITE 9,1 Covenants: Binding Upon Successors in Interest: Duration, It is intended that the agreements and covenants provided in tiis Agreement shall be covenants running with the land and that they shall, in any event, and without regard to technical classification or designation, legal or otherwise, and except only as otherwise specifically provided in this Agreement, be binding to the fullest extent permitted by law and equity, for the benefit and in favor o{ and enforceable by, the City, its successors and assigns, against the Developer, its successors and assigns and every successor in interest to the Sitg and the Improvements erected or to be erected thereor; or any part thereof until this Agreement is terminated, in whole or in part, pursuarrt to Article 10 hereof. 9.2 Citv's Rishts To Enforce. With respect to an area of land on the Site constituting the "foot print" or parcel of a Major Anchor Store for which the City has issued a "certificate of occupancy" pursuant to the City's Building Codg the obligations of this Agreement shall be released with respect to that "foot print" or parcel. In amplification, and not in restriotion of the provisions of the preceding Section, it is intended and agreed that the City and its successors and assigns shall be deemed beneficiaries of the agreements and covenants provided in this Agreement, both for and in its own right and also for the purposes of protecting the interests of the community and other parties, public or private, in whose favor or for whose benefit such agreements and covenants have been provided. Such agreements and covenants shall run in favor of the City until this Agreement is terminated, in whole or in par! pursrant to Article l0 hereof and such agreements and covenants shall be in force and effect, without regard to whether the City has at any time been, remains, or is an owner of any land or interest therein to or in favor of which such agreements and covenants relate. The City shall have the rlglrt, in the event of any breach of any such agreement or covenant, to exercise all the rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforoe the curing of such breach of agreement or covenant. The City intends to preserve and extend the enforceability of the agreements and covenants provided in this Article by filing appropriate claims in accordance with Iowa Code Sections 614.24 and 614.25. -r4- 25 ARTICLE 10. NATURtr OF COVtrNANTS - TERMINATION t0.l Construction of Covenants. The covenants contained in this Agreement are entered into by the Developer for the benefit of the City for purposes of inducing the City to enact the Rezoning Ordinance. Nothing contained in this Agreement shall be construed as a covenant by Developer or its successors and assigns to conduot an active business operation, whether continuous or otherwise, on any portion ofthe Site. 10,2 Condition Precedent to Develooer's Oblisations - Termination for Failure to Obtrin Financins. If by December 1,2007 Developer fails to obtain written commitments for equity capital and funding and financing for construction of the North Site improvements required by 4.2 hereo{ and submit to the City the evidence of finanoing and leases required by 5.3A and 5.3B hereof with respect to the North Site, the City may then, as its remedy for Developer's failure of performance, repeal or change the zoning designation of the Site as the City deems appropriate and Developer shall have no cause of action against the City for or by reason of such repeal or change in zoning regulations. ARTICLN, 1T. REMEDMS. 11.1 In General. A. Except as otherwise specifically provided in this Agreement, in the event ofa default by either party under this Agreement, the aggrieved party may, by written Notice of Default to the paAy in default, demand that it proceed immediately to cure or remedy zuch default, and in any event, complete such cure or remedy within ninety (90) days after receipt of such notice. B. In the event that Notice of Default is given as provided above and action to cure or remedy tlre default is not promptly taken or not diligently pursued, or the default is not cured or remedied within the time allowed, then the party in default may be declared to be in breach ofthis Agreement by the aggrieved party. C. In the event ofa breach ofthis Agreement, in addition to zuch other rights as the aggrieved party may have hereundeE the aggrieved party may institute such proceedings as may be necessary or desirable in its opinion to cure and remedy such default or breach, including but not limited to, proceedings to compel specific performance by the party in breach of its obligations. It is further agreed that as an additional remedy for a breach ofthis Agreement by Developer, the City may repeal or change the zoning designations of the Site as the City deems appropriate, and Developer shall have no cause ofaction against the City for or by reason of such repeal or change in zoning regulations. -l J- 26 ll.2 Other Riehts and Remedies. No Waiver bv Delav. City and Developer shall have the right to institute such actions or proceedings, as each may deem desirable for effectuating the purposes of this Article. Provided, that any delay by City or Developer in instituting or prosecuting any such actions or proceedings or otherwise asserting its rights shall not operate as a waiver of such rights or to deprive either City or Developer of or limit such rights in any way; it being the intent of this provision that City and Developer should not be constrained to exercise such remedies at a time when such party may still hope otherwise to resolve the problems created by the default involved so as to avoid the risk of being deprived of or limited in the exercise of such remedies because of concepts of waiver, laches, or otherwise. No waiver in fact made by City or Developer with respect to any specific default by the other party shall be considered or treated as a waiver of the rights of City or Developer with respect to any other defaults by the other party or with respect to the particular default, as the case may be, except to the extent specifically waived in writing by City or Developer. I1.3 Rights and Remedies Cumulative. The rights and remedies ofthe parties to this Agreement, whether provided by law or by tlis Agreement, shall be cumulative, and the exercise by either party ofany one or more of such remedies sha[1 not preclude the exercise by it, at the same or different times, of any other such remedies for the same default or breach or ofany of its remedies for any default or breaoh by tlre other party. No waiver made by either party shall be deemed a waiver in any respeot in regard to any other rights ofthe party making the waiver or of any other obligations ofthe other party. ARTICLE 12. MISCELI-4,T{EOUS, lz,L RepresentativesNotlndividuallvLiable. A. No member, official, employee, or agent of City shall be personally liable to Developer in the event of any default or breach by City or for any amount that may become due to Developer or for any obligations under the terms ofthis Agreement B. No member, manager, employee, or agent of Developer shall be personally liable to City in the event of any default or breach by Developer or for any amount that may become due to the City or for any obligations ofDeveloper under the terms ofthis Agreement. C. Notwithstanding anything contained in this Agreement to the contrary, the person or persons executing this Agreement on behalf of either party shall incur no personal liability with respect to either party's performance hereunder. 12,2 Fire. Extended Coveraee Insurance. Dweloper shall keep in force fire and extended coverage insurance upon the Site improvements witi insurance underwriters authorized to do business in the State of lowa. The form and amounts ofsuch insurance shall be approved by the City, whioh approval shall not be -16- 27 unreasonably \ /ithheld. Such insurance shall be in amounts and form satisfactory to Developer's lender. 12,3 Indemnitv. Fees. Exoenses. Following Developer's acquisition of legal title to the Site, the Developer shall assume, defend, indemnify, protect and hold harmless the City and its oIficers, employees and agents from any and all claims, demands, actions or causes of action of whatsoever kind occasioned wholly or in part by any negligent act or omission of Developer and its contractors, agents or assigns arising out ofor in any way connected with its possession ofthe Site, the construction of the Site improvements and the development of the Site, The Developer's obligation to indemnify and hold harmless shall include the obligation to pay all reasonable expenses incurred by the City in defending itself with regard to any ofthe aforementioned claims, or in enforcing the provisions of this paragraph, including all out-of-pocket expenses such as attorney's fees. Notwithstanding the abovg Developer shall have no obligation to indemnify the City for any claims or causes ofaction resulting from the acts or omissions ofthe City in the exercise ofthe City's rights under the easements reserved by the City for landscaping exterior fixtures and maintenance, The Developer agrees that with respect to those portions ofthe Project that it owns and develops to pay, or cause to be paid, all license fees, permit fees, and insurance premiums related to its possession of the Site, the construction of the Site improvements and the dwelopment of the Site. It is the intention ofthe parties that the City shall not incur pecuniary liability by reason ofDeveloper's failure to comply with applicable Federal, State and local laws, rules, ordinances, regulations, orders, licenses and permits and the Developer shall indemnify and hold harmless the City and its oflicers, employees, and agents against all such claims by or on behalf of any perso4 firm, or corporatiorL and all costs and expenses incurred in connection with any such claim or in connection with any action or proceeding brought thereon. Nothing contained in this Section 12.3 shall be construed to constitute any form of agreement by Developer to indemnift the City in connection with any third party challenges to the City's power or authority to enter into this Agreement, the validity of the Rezoning Ordinance, or any approvals required or otherwise granted in connection herewith by the City. 12.4 Citv Not a Guarantor. Suretv or Partner, City is not a guarantor or surety for the completion ofthe Site improvements nor for any indebtedness incurred by Developer. It is mutually understood that nothing in this Agreement is intended or shall be construed as in any way creating or establishing the relationship of copartners between the parties hereto, or as constituting Developer as a contractor, agent or representative of City for any purpose of in any manner whatsoever. 12.5 Time. Time is ofthe essence in the performance ofthis Agreement. - t t - 28 12.6 Titles ofArticles and Sections, Titles of tlte several sections, subsections, and paragraphs of tlis Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any of the provisions ofthis Agreement. 12,7 Asreement Bindins on Successors in Interest. This Agreement shall inure to the benefit of and shall be binding upon successors and assigns ofthe parties. 12.8 Extensions for Non-Workinp Davs. In the event the last date for performing any act required by this Agreement falls upon a weekend day or holiday, then the time for performing such act shall be extended to the next following working day. 12,9 Noticer. A notice, demand, or other communication under this Agreement by either party to the other shall be sufficiently given or delivered if it is dispatched by registered or certi{ied mail, postage prepaid, retum receipt requested; delivered personally; or sent by overnight courier service, as follows: A. In the case ofDeveloper, addressed to: Wolford Development Options, L.L.C. Attention: President Four Squares Business Center 1200 Mountain Creek Road- Suite 102 Chattanoog4 TN 37405 B. In the case of City, addressed to: City of Ames Attention: City Clerk P. O. Box 811 515 Clark Street Ames. Iowa 50010 or to such otlter address as either may, from time to time, designate in writing and forward to the other as provided in this Article. l2.l0 Recordation. Following the effectiveness of the Zoning Ordinance, the City Clerk shall cause this Agreement to be recorded at Developer's expense in the land records of the Story County Recorder's Offce. A duplicate original of this Agreement and all the Appendices shall be -18- 29 maintained in the OfIice of the City Clerk, City Hall, 515 Clark Street, Ames, Iowa, 50010. All expense of recording this Agreement and any ofthe documents contemplated by this Agreement to be recorded by City shall be paid by Developer within fifteen (15) days ofnotice from City of the amount thereof, 12.ll Counterparts. This Agreement is executed in two (2) counterparts, each of which shall constitute one and the same instrument. A copy of this Agreement, including all the Appendices shall be maintained in the o{fice of the City Clerk of City. IN WITNf,SS WHEREOF, the City has caused this Agreement to be duly executed in its name and behalfby its Mayor and its seal to be hereunto duly affrxed and attested by its City Clerk, and the Developer has caused this Agreement to be duly executed in its name and behalf on or as ofthe day first above written. STATE OF IOWA STORY COUNTY, ss: ":i.:' r,. tr ' This instrument was acknowledged before me on the dL 6u, of Mn*rrJ.uJ 2005 by Ted Tedesco and Diane R, Voss, as Mayor and City Clerk, respectively, ofthe City of Ames, Iowa on behalf of whom this instrument was executed. [Page 1 of2 signature pages] ." 1( o- | ,JILL L. RtppERGER 9lfu? | coMMrssioN # 14s540-jgl*- | ity cc,:. ."::aatcit EXFiR=s JILL L. RIPPERGER CITY OF AMES, IOWA, an Iowa municipal Notary Public in ah dlw060l\03\ag-an€s d€velopment-wdb.doc -19- 30 WOLFORD DEVELOPMENT OPTIONS, L,L,C., a Nevada limited liability company STATE OFlTnnrs<ee-lL^l [i*.ouNrY, ss: This lnstrument was acknowledged before me on the l-{ lhday of by James L. Wolfod as Chief Manager of Wolford Development Options, L.L.C. on behalf of whom this instrument was executed. 2 of2 signature pagesl Notarv Public in and for said State d:\wO60 l\o3Ugr-smes developmenr-wdb-doc -20- 31 APPENDD( A LEGAL DESCRIPTION OF THE SITE T}LA.T PART OF THE WEST 1/2 OF T}IE SOUTHEAST I/4 OF SECTION 31. TOWNSHIP 84 NORTH, RANGE 23 WEST OF TFIE sTHP.M,, STORY COUNTY, IOWA, LYINGEAST AND NORTH OF THE INTERSTATE HIGIMAY 35 RIGHT.OF-WAY AND CONTAINING 59.72 ACRES, MORE OR LESS; AND TI{E INTERSTATE HIGHWAY 35 RIGHT.OF.WAY, CONTA]NING 21.12 ACRES MORE ORLESS AND THAT PART OF TTIE SOUTI{EAST I/4 OF TTIE SOUTI{EAST 1/4 OF SECTION 3I, TOWNSHIP 84 NORTH, RANGE 23 WEST OF T}IE 5TH P.M., STORY COUNTY, IOWA LYINGNORTH OF THE INTERSTATE HIGIIWAY 35 RIGHT.OF-WAY AND CONTAINING 39.90 ACRES, MORE OR LESSI AND T}IE INTERSTATE HIGF{WAY 35 RIGHT-OF-WAY. CONTA]NING 0,29 ACRES MORE ORLESS: AND THENORTFIEAST 1/4 OF TIIE SOUTTIEAST 1/4 OF SECTION 3I. TO\4T{SHIP 84 NORTII RANGE 23 WEST OF TIIE 5TT{ P.M., STORY COLINTY, IOWA AND CONTAINING 40,02 ACRES, MORE OR LESS. AND PARCEL 'A" IN T}IE NORTTIWEST FRACTIONAL QUARTER OF SECTION 5, TOWNSHIP 83 NORTH, RANGE 23 WEST OF TFIE 5TTI P,M., STORY COUNTY, IOWA. AS SHOWN ON THE "PLAT OF SIIRVEY (AMENDED)- FrLED IN TIIE OFFTCE OF THE RECORDER OF STORY COUNTY, IOWA5 ON TFIE I2TH DAY OF DECEMBE& 1997, AND RECORDED IN BOOK 15. PAGE 90-91 AND CONTAINING 55.18 ACRES MORE OR LESS. AND PARCEL "C" IN THE EAST FRACTIONAL HALF (E, FRL. %) OF SECTION SIX (6) TOWNSHTP ETGHTY-THREE (83) NORTT! RANGE TWENTY-THREE (23) WEST OF Tr{E 5TTI P.M., STORY COIJNTY, IOWA, AS SHOWN ON TI{E'PLAT OF SIJRVEY'FILED IN TT{E OFFICE OF TI{E RECORDER OF STORY COUNTY, IOWA ON TIIE 22ND DAY OF TIJLY,1997, AND RECORDED INBOOK 15, PAGE 16 AND CONTAINING 96.61 ACRES, MOREORLESS. AND PART OT THEEAST FRACTIONAL % OF SECTION 6, TOVINSHIP 83 NORTE RANGE 23 WEST OF THE 5TH P.M., STORY COUNTY, IOWA! LYING IN T}IE INTERSTATE HIGI{WAY RIGIIT-OF-WAY. CONTAINING IO.O9 ACRES MORE OR LESS. 32 APPENDD( B LEGAL DESCRIPTION OF THE NORTE SITE T}IAT PART OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF SECTION 3I, TOWNSHIP 84 NORTTI, RANGE 23 WEST OF TI{E 5TH P.M., STORY COI.'NTY, IOWA. LYING EAST AND NORTH OF TT{E INTERSTATE HIGHWAY 35 RIGHT-OF-WAY AND CONTAINING 59.72 ACRES, MORE OR LESS; AND TTIE INTERSTATE HIGTMAY 35 RIGHT.OF-WAY, COMAINING 21.12 ACRES MORE ORLESS; AND THAT PART OF THE SOI,TTI{EAST 1/4 OF TT{E SO1ITITEAST I/4 OF SECTION 31, TOWNSHIP 84 NORTH, RANGE 23 WEST OF TITE sTH P.M., STORY COUNTY, IOWA LYINGNORTH OF TIIE INTERSTATE HIGHWAY 35 RIGHT-OF-WAY AND CONTAINING 39.90 ACRES, MORE OR LESS; AND TTIE INTERSTATE HIGIMAY 35 RIGHT-OF.WAY. CONTAINING 0.29 ACRES MORE ORLESS; AND TTIE NORTI{EAST 1/4 OF T}IE SOI]THEAST 1/4 OF SECTION 31. TOWNSHIP 84 NORTII, RANGE 23 WEST OF TTIE 5TH P.M., STORY COUNTY, IOWA AND CONTAINING 40.02 ACRES. MORE OR LESS: AND PART OF TI{E EAST FRACTION AL % OF SECTION 6, TOWNSHIP 83 NORTH, RANGE 23 WEST OF TI{E sTH P.M., STORY COUNTY, IOWA. LYING IN TI{E INTERSTATE HIGHWAY RIGHT-OF.WAY, CONTAINING IO.O9 ACRES MORE ORLESS. 33 A}PDNDD( C LEGAL DESCRIPTION OF SOUTH SITT, PARCEL "C" IN TTIE EAST FRACTIONAL HALF (E. FRL, 7,) OF SECTION SIX (6), TOWNSHIP EIGHTY-THREE (83) NORTII RANCE TWENTY-THREE (23) WEST OF T1IE 5TH P.M., STORY COI]NTY, IOWA" AS SHOWN ON TTTE "PLAT OF SURVEY' FILED IN THE OFFICE OF TT{E RECORDER OF STORY COLINTY, IOWA ON T}IE 22ND DAY OF JULY, 1997, AND RECORDED IN BOOK I5. PAGE 16 AND CONTAINING 96.61 ACRES, MORE ORLESS. -LJ- 34 APPENDD( D LDGAL DESCRIPTION OF TEE EAST BARILLA SITE PARCEL 'A" IN THE NORTHWEST FRACTIONAL QUARTER OF SECTION 5, TOWNSHIP 83 NORTH, RANGE 23 WEST OF TFIE 5TH P.M., STORY COIJNTI IOWA AS SHOWN ON TIIE "PLAT OF SURVEY (AMENDED)' FILED IN T}IE OFFICE OF THE RECORDER OF STORY COIJNTY. IOWA, ON TTIE 12TH DAY OF DECEMBER 1997, AND RECORDED IN BOOK 15, PAGE 9O-9I AND CONTATNING 55.18 ACRES MORE OR LESS, a i 35 APPENDD( E CONCEPTUAL SITE PLAN d:\q060l\03\agr*mer dcvelopmsr .wdb.doc -25- 36 a I TEr! QE il l I ! iliirt i:!i!r iiiiiil t a t a , iiiII; r'l iit!tE tl , iiiii .a::aIttBc IIIiI ffEi E I t , :,'I : ,I !! rE iiE *l a = - _ APPENDIX 37 WOLFORD DEVELOPMENT OPTIONS, L.L.C,, a Nevada limited liability company This instrument was acknowledged before me on the L{1( day or N\ovar,.blf . zoos by James L Wolford as Chief Manager of Wolford Development Oflions, L.L.C. on behalf of whom this instrument was executed. Notary Public in [Page 2 of 2 signature pages] for said State-r"**oJt-**! l.lOfnnV PUBLIC, -20- d:\$050 t[3\agr-€mcs dcvelopnBd-wdb.doc 38 DO NOT WRITE IN SPACE ABOVE THIS LINE, RESERVED FOR RECORDER Prepared by: Renee Hall, City Clerk’s Office, 515 Clark Avenue, Ames, IA 50010 Phone: 515-239-5105 Return to: Ames City Clerk, P.O. Box 811, Ames, IA 50010 ORDINANCE NO. AN ORDINANCE AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AMES, IOWA, AS PROVIDED FOR IN SECTION 29.301 OF THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA, BY CHANGING THE BOUNDARIES OF THE DISTRICTS ESTABLISHED AND SHOWN ON SAID MAP AS PROVIDED IN SECTION 29.1507 OF THE MUNICIPAL CODE OF THE CITY OF AMES, IOWA; REPEALING ALL ORDINANCES AND PARTS OF ORDINANCES IN CONFLICT HEREWITH AND ESTABLISHING AN EFFECTIVE DATE BE IT HEREBY ORDAINED by the City Council of the City of Ames, Iowa; Section 1: The Official Zoning Map of the City of Ames, Iowa, as provided for in Section 29.301 of the Municipal Code of the City of Ames, Iowa, is amended by changing the boundaries of the districts established and shown on said Map in the manner authorized by Section 29.1507 of the Municipal Code of the City of Ames, Iowa, as follows: That the real estate, generally at 3299, 3312, 3699 East 13th Street and 1699 570th Avenue from Planned Regional Commercial (PRC) with the Northeast Gateway Overlay (O-GNE) and a Contract Rezoning Agreement to Planned Regional Commercial (PRC and Northeast Gateway Overlay (O-GNE) without a Contract Rezoning Agreement. REAL ESTATE DESCRIPTIONS: APPENDIX A: That Part Of The West 1/2 Of The Southeast 1/4 Of Section 31, Township 84 North, Range 23 West Of The 5th P.M., Story County, Iowa, Lying East And North Of The Interstate Highway 35 Right-Of-Way And Containing 59.72 Acres, More Or Less; And The Interstate Highway 35 Right-Of-Way, Containing 21.12 Acres More Or Less and, That Part Of The Southeast 1/4 Of The Southeast 1/4 Of Section 31, Township 84 North, Range 23 West Of The 5th P.M., Story County, Iowa, Lying North Of The Interstate Highway 35 Right-Of-Way And Containing 39.90 Acres, More Or Less; And 39 The Interstate Highway 35 Right-Of-Way, Containing 0.29 Acres More Or Less; and The Northeast 1/4 Of The Southeast 1/4 Of Section 31, Township 84 North, Range 23 West Of The 5th P.M., Story County, Iowa And Containing 40.02 Acres, More Or Less. And Parcel "A" In The Northwest Fractional Quarter Of Section 5, Township 83 North, Range 23 West Of The 5th P.M., Story County, Iowa, As Shown On The “Plat Of Survey (Amended)" Filed In The Office Of The Recorder Of Story County, Iowa, On The 12th Day Of December, 1997, And Recorded In Book 15, Page 90-91 And Containing 55.18 Acres More Or Less. And Parcel “C” In The East Fractional Half (E. Frl. 1/2) Of Section Six (6), Township Eighty-Three (83) North, Range Twenty-Three (23) West Of The 5th P.M., Story County, Iowa, As Shown On The “Plat Of Survey” Filed In The Office Of The Recorder Of Story County, Iowa On The 22nd Day Of July, 1997, And Recorded In Book 15, Page 16 And Containing 96.61 Acres, More Or Less. and Part Of The East Fractional 1/2 of Section 6, Township 83 North, Range 23 West of The 5th P,M., Story County, Iowa, Lying In The Interstate Highway Right-Of-Way, Containing 10.09 Acres More Or Less. APPENDIX B (North Site): That Part Of The West 1/2 Of The Southeast 1/4 Of Section 31, Township 84 North, Range 23 West Of The 5th P.M., Story County, Iowa, Lying East And North Of The Interstate Highway 35 Right-Of-Way And Containing 59.72 Acres, More Or Less; And The Interstate Highway 35 Right-Of-Way, Containing 21.12 Acres More Or Less; and that Part Of The Southeast 1/4 Of The Southeast 1/4 Of Section 31, Township 84 North, Range 23 West Of The 5th P.M., Story County, Iowa, Lying North Of The Interstate Highway 35 Right-Of-Way And Containing 39.90 Acres, More Or Less; and The Interstate Highway 35 Right-Of-Way, Containing 0.29 Acres More Or Less; and The Northeast 1/4 Of The Southeast 1/4 Of Section 31, Township 84 North, Range 23 West Of The 5th P.M., Story County, Iowa And Containing 40.02 Acres, More Or Less; and Part Of The East Fractional 1/2 of Section 6, Township 83 North, Range 23 West Of The 5th P M„ Story County, Iowa, Lying In The Interstate Highway Right-Of-Way, Containing 10.09 Acres More Or Less. APPENDIX C (SOUTH SITE): Parcel “C” In The East Fractional Half (E. Frl. 1/2) Of Section Six (6), Township Eighty-Three (83) North, Range Twenty-Three (23) West Of The 5th P.M., Story County, Iowa As Shown On The “Plat Of Survey’ Filed In The Office Of The Recorder Of Story County, Iowa On The 22nd Day Of July, 1997, And Recorded In Book 15, Page 16 And Containing 96. 61 Acres, More Or Less. APPENDIX D (East of Barilla Site): Parcel "A" In The Northwest Fractional Quarter Of Section 5, Township 83 North, Range 23 West Of The 5th P.M., Story County, Iowa As Shown On The "Plat Of Survey (Amended)" Filed In The Office Of The Recorder Of Story County, Iowa, On The 12th Day Of December, 1997, And Recorded In Book 15, Page 90-91 And Containing 55.18 40 Acres More Or Less. Section 2: All other ordinances and parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict. Section 3: This ordinance is in full force and effect from and after its adoption and publication as provided by law. ADOPTED THIS day of , . Renee Hall, City Clerk John A Haila, Mayor 41