HomeMy WebLinkAbout2024-03-18 Resolution 2024-117_Affordable Housing Project, Option to PurchaseTHE CITY OF WAUKEE, IOWA
RESOLUTION 2024-117
RESOLUTION TO APPROVE AND EXECUTE AN OPTION TO PURCHASE
AGREEMENT WITH NORTHPOINTE DEVELOPMENT II CORPORATION
FOR AFFORDABLE HOUSING PROJECT
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UKEE, IOWA
WHEREAS, the City of Waukee, Iowa is a duly organized municipality within Dallas
County; AND,
WHEREAS, Northpointe Development II Corporation has proposed 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, a public hearing on the recommended Option to Purchase Agreement has
been held on March 18, 2024.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in
session this 18'h day of March, 2024, that the City of Waukee approve and execute an
Option to Purchase Agreement with Northpointe Development II Corporation for the
purpose of developing an affordable housing project.
V
Courtney Clarke, Mayor
Attest:Aw/h,'*
,n
W
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
AYE NAY ABSENT ABSTAIN
R. Charles Bottenberg
X
Chris Crone
X
Rob Grove
X
Anna Bergman Pierce
X
Ben Sinclair
X