HomeMy WebLinkAbout2022-10-17 I16 Developer's Agreement_Metro Acquisitions II\AGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: October 17, 2022
AGENDA ITEM:Consideration of approval of a resolution approving Developer’s Agreement
between the City of Waukee and Metro Acquisitions II, LLC
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: Metro Acquisitions II, LLC is in the process of purchasing
land west of NW 10th Street. The property contains some topography which is not well suited for
development and identified as City Greenbelt on the Conceptual Plan shown as exhibit B in the
attached Agreement. The City is interested in developing more parkland, recreational and stormwater
management opportunities in and around the area.
If the developer does not acquire the property then this agreement is no longer valid. The agreement
covers responsibilities of the City and the Developer regarding culvert construction, street
construction, stormwater management facilities and property interests to accommodate both parties
responsibilities outlined in the agreement. The City will be purchasing 22.01 acres and the remaining 9
acres will be dedicated to the City in order for the developer to meet their parkland dedication
requirements and for public street rights of ways as depicted on exhibit B of the attached agreement.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: City agrees to purchase 22.01
acres of the property from the Developer for the sum of $716,699.96, less abstracting costs, prorated
taxes and assessments, and other customary costs of closing allocated to the seller.
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the Resolution.
ATTACHMENTS: I. Resolution
II. Developer’s Agreement
PREPARED BY: Beth Richardson
REVIEWED BY: Rudy Koester RK
I16
THE CITY OF WAUKEE, IOWA
RESOLUTION 2022-
APPROVING DEVELOPER’S AGREEMENT BETWEEN THE CITY OF WAUKEE AND
METRO ACQUISITIONS II, LLC
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, Metro Acquisitions II, LLC is in the process of purchasing land west of NW 10th Street
that contains some topography which is not well suited for development identified as Greenbelt and the
City is interested in developing more parkland, recreational, and stormwater management opportunities
in and around that area; AND,
WHEREAS, if the Developer acquires the property and the City acquires a portion from the
Developer, the City intends to allow the developer to extend a north-south street across the Greenbelt,
at the Developer’s cost: AND,
WHEREAS, the City intends to construct a culvert to accommodate and enhance drainage of the
existing drainage way within the Greenbelt in an area identified for the construction by the Developer
of the north-south street and will cover said culvert with earth to improve and accommodate a drainage
way within future street right of way,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee that the
Developer’s Agreement between the City of Waukee and Metro acquisitions II, LLC is hereby
approved.
Passed by the City Council of the City of Waukee, Iowa, and approved 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