HomeMy WebLinkAbout2023-02-13 D01 Affordable Housing Option to Purchase_Set PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: February 13, 2023
AGENDA ITEM:Consideration of approval of a resolution setting date of hearing to consider an
Option to Purchase Agreement with Northpointe Development II Corporation
for Affordable Housing Project
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: The City of Waukee proposes that pending an award of
low income housing tax credits and successfully abiding by a development
agreement, Northpointe Development II Corporation have the option to
purchase 6.44 acres of land near North Warrior Lane and Douglas Parkway
for $1
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: The City purchased the entire
13.6 acre parcel for $900,500. Along with already installed infrastructure and
the construction of the Douglas Parkway extension, the purchase price of $1 is
meant to be the City of Waukee’s contribution to the project. The north half
of the parcel will be developed at a later date.
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Staff recommends approval
ATTACHMENTS: I. Proposed Resolution
PREPARED BY: Nick Osborne
REVIEWED BY: Nick Osborne
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
D1
THE CITY OF WAUKEE, IOWA
RESOLUTION 2023-
SETTING DATE OF HEARING TO CONSIDER AN OPTION TO PURCHASE
AGREEMENT WITH NORTHPOINTE DEVELOPMENT II CORPORATION FOR
AFFORDABLE HOUSING PROJECT
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA
WHEREAS, the City of Waukee, Iowa is a duly organized municipality within Dallas
County; AND,
WHEREAS, the City of Waukee has chosen Northpointe Development II Corporation’s
proposal to develop affordable housing on 6.44 acres of land near Douglas Parkway and
North Warrior Lane; AND,
WHEREAS, the City of Waukee proposes that pending an award of low income housing tax
credits and successfully abiding by a development agreement, Northpointe Development II
Corporation have the option to purchase the above described land for $1 AND,
WHEREAS, Code of Iowa §384.15(3) requires a public hearing on the recommended Option
to Purchase Agreement.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session
this 13th day of February, 2023, that:
1.The public hearing on the proposed Option to Purchase Agreement is hereby fixed and
set for March 6, 2023, at 5:30 p.m. as part of the Waukee City Council regular
meeting, at which time public comments may be heard for or against the matter.
2.The City Clerk is hereby authorized and directed to publish notice of said hearing in
accordance with Code of Iowa §362.3.
____________________________
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