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HomeMy WebLinkAbout2025-09-02 I05C Hope K Farms LLC_Development Agreement AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: September 2, 2025 AGENDA ITEM: Consideration of approval of a resolution approving a Development Agreement with Hope K. Farms, LLC (Hope Springs) FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: The City Council has recently approved the rezoning for Hope Springs which is a residential and commercial development. The property is located south of Hickman Road and east of 20th Street. In order to develop the property, the paving of 20th Street is required. In lieu of having the applicant pave only a portion of 20th Street, the applicant will install an asphalt overlay as part of the plat improvements. In return, the City, in the future will complete the permanent pavement of 20th Street. The City Attorney has prepared a development agreement, which defines the obligations of both the City and developer related to the development of the property. The agreement includes provisions related to the asphalt overlay of 20th Street and reimbursement of costs associated with the construction of an existing water main. Per the agreement, the developer will complete the asphalt overlay and will satisfy costs associated with future 20th Street improvements by providing payments to the City as various phases of the development are platted. 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: I5C THE CITY OF WAUKEE, IOWA RESOLUTION 2025- APPROVING DEVELOPER’S AGREEMENT FOR HOPE SPRINGS [HOPE K. FARMS, LLC] 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 Hope Springs (Ordinance 3108) located east of 20th Street and south of Hickman Road; AND, WHEREAS, the City has been in discussion with the developer, Hope K. Farms, 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 Hope K. Farms, 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 2nd day of September, 2025. ____________________________ 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