HomeMy WebLinkAbout2025-03-17 Resolution 2025-157_Amended Developer's Agreement, JDS Real Estate Investments LLCTHE CITY OF WAUKEE, IOWA
RESOLUTION 2025-157
APPROVING AN AMENDED DEVELOPER'S AGREEMENT BETWEEN THE CITY OF
WAUKEE AND JDS REAL ESTATE INVESTMENTS, LLC, SUCCESSOR IN INTEREST TO
METRO ACQUISITIONS II, 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, on October 17, 2022, the City of Waukee approved a Developer's Agreement with Metro
Acquisitions II, LLC, said agreement is recorded in Book 2022, Page 22275, of the Dallas County
Recorder's Office; AND,
WHEREAS, the City has acquired a portion of the property from the Developer and the City intends
to allow the Developer to extend a north -south street across the property the City owns, at the
Developer's cost: AND,
WHEREAS, the City intends to construct a culvert to accommodate and enhance drainage of the
existing drainage way within an area identified for the construction by the Developer of the north -
south street and will cover said culvert with earth to improve and accommodate a drainage way within
future street right of way, AND,
WHEREAS, the original Developer's Agreement contained certain dates for both the City of Waukee
and the Developer to construct said improvements by; AND,
WHEREAS, the City of Waukee and JDS Real Estate Investments, LLC, successor in interest to
Metro Acquisitions II, LLC, mutually agree to keep the current terms of the original agreement in
place, extend deadlines for construction of certain improvements, and insert Paragraph 9 into the
agreement.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee that the
Amended Developer's Agreement between the City of Waukee and JDS Real Estate Investments,
LLC, successor in interest to Metro Acquisitions II, LLC is hereby approved.
Passed by the City Council of the City of Waukee, Iowa, and approved the 17" day of March, 2025.
Courtney Clarke, Mayor
Attest:
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Rebecca D. SchuettVCiClerk
RESULTS OF VOTE:
AYE
R. Charles Bottenberg
Chris Crone
X
Rob Grove
X
Anna Bergman Pierce
X
Ben Sinclair
X
NAY ABSENT ABSTAIN
X