HomeMy WebLinkAbout2024-12-16 Resolution 2024-534_Partial Release of Escrow Agreement, Waukee Towne Center LLCTHE CITY OF WAUKEE, IOWA
RESOLUTION 2024-534
APPROVING A PARTIAL RELEASE OF ESCROW AGREEMENT BETWEEN THE
CITY OF WAUKEE AND WAUKEE TOWNE CENTER, LLC
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UKEE, IOWA
WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal
Organization; AND,
WHEREAS, the City of Waukee and Waukee Towne Center, LLC entered into an Escrow
Agreement dated February 20, 2024, to ensure the completion of certain improvements required
under the Development Agreement between the parties dated September 18, 2023; AND,
WHEREAS, most of the improvements have been completed however, there is a small portion
of work to be completed in the Outlot detention basin; AND,
WHEREAS, the parties have reached a Partial Release of Escrow Agreement to allow most of
the escrow to be released while retaining a portion in escrow until the remaining work is
completed; AND,
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council that the
proposed Partial Release of Escrow Agreement between Waukee Towne Center, LLC and the
City of Waukee is approved.
Passed by the City Council of the City of Waukee, Iowa, and approved this the 16t' day of
December, 2024.
Courtney Clarke, Mayor
Attest:
UtA&44, 4. zyvtu
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