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HomeMy WebLinkAbout~Master - Resolution approving Domani I Supplemental Development Agreement for Cottonwood Road ExtensionRESOLUTION NO. 26-512 RESOLUTION APPROVING DOMANI I SUPPLEMENTAL DEVELOPMENT AGREEMENT FOR COTTONWOOD ROAD EXTENSION FOR THE CITY OF AMES, IOWA WHEREAS, the Domani I Subdivision is located along Green Hills Drive south of Oakwood Road. The first two phases are nearly completed and the developer desires to proceed with the Final Platting of the 3rd Addition. The Phasing Plan for Domani requires the extension of Cottonwood Road as part of the third phase; and, WHEREAS, as part of the City Council efforts from December 2025 to incentivize additional residential development, the City Council agreed on February 10 to take on the obligation of the construction of Cottonwood Road with the final platting of the remaining 23 lots within the final phase; and, WHEREAS, the agreement relieves the developer of the requirement to construct the Cottonwood extension with the 3rd Addition subject to the following: 1. The Developer completes the construction of Green Hills Drive and Lunetta Drive within the 3rd Addition by August 11, 2029 at their sole cost. 2. The Developer provides to the City complete improvement plans with plans and specifications for the City to bid the paving of Cottonwood Road, including the extension of utilities as specified, by January 1, 2027. The agreement includes an exhibit identifying the scope of work; and, WHEREAS, if the Developer meets these requirements, they do not have to incur the cost of constructing of Cottonwood Road. The City of Ames will have the responsibility to construct Cottonwood once the Green Hills extension is complete. The City is additionally responsible for the cost of streetlights within the Domani Third Addition to help balance out the developer incentive value because of the cost of the Green Hills intersection improvement; and, WHEREAS, the City will have the responsibility for the improvement regardless of the final cost of the project. The exact timing of constructing the extension is subject to the discretion of the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Domani I Supplemental Development Agreement for the Cottonwood Road Extension is hereby approved. ADOPTED THIS 11th day of August, 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 11th day of August, 2026.