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HomeMy WebLinkAbout2022-10-17 I01E_02 Lot 2 Legacy Pointe at Waukee Plat 1_Satisfaction of Development Agr AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: October 17, 2022 AGENDA ITEM: Consideration of approval of resolution approving Satisfaction of Developer’s Agreement – Lot 2, Legacy Pointe at Waukee Plat 1 FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: The owner of Lot 2, Legacy Pointe at Waukee Plat 1, has requested the City approve a satisfaction of this agreement as it pertains to a real estate transaction that they are working on. The agreement in question was associated with improvements related to Legacy Pointe at Waukee Plat 1. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff has reviewed the Agreement and believes the agreement can be satisfied. RECOMMENDATION: Approve the Resolution ATTACHMENTS: I. Proposed Resolution II. Proposed Satisfaction PREPARED BY: Andy Kass, Community Development Director REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: I1E2 1 THE CITY OF WAUKEE, IOWA RESOLUTION 2022- APPROVING SATISFACTION OF DEVELOPER’S AGREEMENT – LOT 2, LEGACY POINTE AT WAUKEE PLAT 1 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, Ewing Land Development and Services, Inc, entered into a Development Agreement (“Agreement”) with the City of Waukee, dated June 3, 2003 and recorded on July 31, 2003, in Book 2003 Page 14986, Dallas County, Iowa regarding installation of certain improvements. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee, Iowa that the terms of the Agreement have been fully satisfied by all parties and the City releases Ewing Land Development and Services, Inc, and their successors and assigns, from all obligations under said Agreement as it relates to Lot 2 of Legacy Pointe at Waukee Plat 1. Passed by the City Council of the City of Waukee, Iowa, and approved this the 17th day of October, 2022. ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman Pierce R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair Prepared by: Andy Kass, City of Waukee, 230 W. Hickman Road, Waukee, IA 50263 (515) 987-4522 Return to: Rebecca D. Schuett, City Clerk City of Waukee, 230 W. Hickman Road, Waukee, IA 50263 (515) 987-4522 SATISFACTION OF DEVELOPMENT AGREEMENT – LOT 2, LEGACY POINTE AT WAUKEE PLAT 1 RECITALS A. Ewing Land Development and Services, Inc., an Iowa corporation (“Developer”) and the City of Waukee, Iowa, a municipal corporation (“City”), entered into that certain Development Agreement, dated June 3, 2003, filed July 31, 2003 and recorded in Book 2003 Page 14968 in the office of the Recorder of Dallas County, Iowa (the “Agreement”). B. Developer has satisfied its obligations related to the Agreement in relation to the following described real estate, to-wit (the “Property”): LOT 2 IN LEGACY POINTE AT WAUKEE PLAT 1, AN OFFICIAL PLAT NOW INCLUDED IN AND FORMING A PART OF THE CITY OF WAUKEE, DALLAS COUNTY, IOWA. NOW, THEREFORE, the City does hereby acknowledge that Developer has satisfied its obligations of the Agreement in relation to the Property and the Property is hereby released from the obligations and provisions of the Agreement and such lien is hereby redeemed, paid off, satisfied and discharged in full as it relates to the Property. This release shall be filed of record with the Dallas County, Iowa, Recorder Words and phrases herein, including acknowledgement hereof, shall be construed as in the singular or plural, and as masculine, feminine or neuter gender, according to the context. Dated: __________________, 2022 CITY OF WAUKEE, IOWA, An Iowa municipal corporation By:________________________ Courtney Clarke, Mayor By:________________________ Rebecca D. Schuett, City Clerk STATE OF IOWA, COUNTY OF DALLAS: On this ____ day of _______________ 2022, before me, the undersigned, a Notary Public in and for said County and State personally appeared Courtney Clarke and Rebecca D. Schuett, to me personally known, who being by me duly sworn, did say they are the Mayor and City Clerk of the City of Waukee, Iowa, a municipal corporation, executing the within and foregoing instrument and acknowledged that they executed the same as their voluntary act and deed of the City of Waukee, by it and by them voluntarily executed. By:________________________ Notary Public in and for said State of Iowa