HomeMy WebLinkAbout2024-03-04 I01I_01 2024 Northpointe Affordable Housing_Set PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: March 4, 2024
AGENDA ITEM: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 – Set Public Hearing for March 18, 2024
NAME OF PUBLICATION:
DATE OF PUBLICATION:
I1I1
THE CITY OF WAUKEE, IOWA
RESOLUTION 2024-
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
4th day of March, 2024, that:
1.The public hearing on the proposed Option to Purchase Agreement is hereby fixed and
set for March 18, 2024, 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
R. Charles Bottenberg
Chris Crone
Rob Grove
Anna Bergman Pierce
Ben Sinclair