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HomeMy WebLinkAbout2020-09-21-I01Q Supplemental Development Agr_Temple HoldingsAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: September 21, 2020 AGENDA ITEM:Consideration of approval of a resolution approving Supplemental Developer’s Agreement [Temple Holding, LP] FORMAT:Resolution SYNOPSIS INCLUDING PRO & CON: The original Developer’s Agreement was recorded in the Dallas County Recorder’s office on June 3, 2019. According to paragraph 2 of the original agreement, Temple Holding, LP (referred to as “Temple” in the remainder of this synopsis) is required to construct a portion of NW Douglas Parkway and a portion of the 12” water main along NW Douglas Parkway. The City is preparing to begin the bid letting process for the City’s portion of the NW Douglas Parkway prior to Temple undertaking the construction of their portion of NW Douglas Parkway as required by the agreement. Due to the timing of the City’s project, the Supplemental Developer’s Agreement is to provide for the mechanisms and procedures to facilitate the completion and repayment of Temple’s obligation of the original agreement through the undertaking of the work as part of the City’s project. The City will include the Temple Improvements as part of the competitive bid process and Temple will pay the City for their portion of the improvements should both parties mutually agree to complete Temple’s Improvements as part of the City’s NW Douglas Pkwy Improvements project. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: RECOMMENDATION: Approve Resolution and Agreement. ATTACHMENTS: I. Resolution II. Supplemental Developer’s Agreement PREPARED BY: Beth Richardson REVIEWED BY: Rudy Koester RK I1Q THE CITY OF WAUKEE, IOWA RESOLUTION 2020- APPROVING SUPPLEMENTAL DEVELOPER’S AGREEMENT [TEMPLE HOLDINGS, LP] IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, On May 20, 2019, the Waukee City Council approved a Developer’s Agreement, Warranty Deed and Easements with Temple Holdings, LP, related to the construction of the NW Douglas Parkway Extension Project (Resolution #19-187); AND WHEREAS, a Supplemental Developer’s Agreement between Temple Holdings, LP, and the City of Waukee is proposed in order to provide for the mechanisms and procedures to facilitate the completion and repayment of Temple Holdings, LP, obligations of the original agreement through the undertaking of certain work as part of the City’s project. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee, Iowa, that the Supplemental Developer’s Agreement [Temple Holdings, LP] is hereby approved. Passed by the City Council of the City of Waukee, Iowa, and approved this the 21st day of September, 2020. ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair