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HomeMy WebLinkAbout2023-09-18 I05 JJR Holdings LLC_Development Agreement AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: September 18, 2023 AGENDA ITEM: Consideration of approval of a resolution approving a Development Agreement with JJR Holdings, LLC (Painted Woods West Phase 2) FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: JJR Holdings, LLC, is in the process of developing Phase 2 of Painted Woods West. The developer proposes to defer improvements of U Place along the southwestern boundary at this time so that they can make improvements to U Place north of where Indian Ridge Drive intersects with U Place in lieu of leaving gaps in the pavement of U Place. The developer proposes that they would complete the southwestern portion of pavement of U Place with their third phase of development anticipated in 2026. Staff has prepared a development agreement, which defines the obligations of both the City and developer related to the development of the property. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff would recommend approval of the development agreement. RECOMMENDATION: Approve the resolution ATTACHMENTS: I. Proposed Resolution II. Development Agreement PREPARED BY: Andy Kass, Community Development Director REVIEWED BY: I5 THE CITY OF WAUKEE, IOWA RESOLUTION 2023- APPROVING DEVELOPER’S AGREEMENT WITH JJR HOLDINGS, LLC [PAINTED WOODS WEST PHASE 2] 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, the City Council has previously approved the rezoning of a property to be known as Painted Woods West Phase 2 (Ordinance 3020) located east of U Place and north of Interstate 80; AND, WHEREAS, the City has been in discussion with the owner, JJR Holdings, LLC, regarding certain obligations of both the City and the developer related to public improvements and requirements of the subdivision; AND, WHEREAS, the discussions have resulted in a development agreement that the City Staff believes are in the best interest of the City to approve. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee, Iowa, that the Developer’s Agreement with JJR Holdings, LLC, is hereby approved. BE IT FURTHER RESOLVED that the Mayor is authorized to execute any and all documents to effectuate the development agreement, and that the City Clerk shall cause the originals of the agreement to be recorded upon the properties by submitting the original to the Dallas County Recorder with the appropriate recording fees. Passed by the City Council of the City of Waukee, Iowa, and approved this the 18th day of September, 2023. ____________________________ 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