HomeMy WebLinkAbout2026-03-16 I07 Development Agreement_Timberline Estates_Hubbell RealtyAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: March 16, 2026
AGENDA ITEM:Consideration of approval of a resolution approving Development Agreement
with Timberline Estates, LLC and Hubbell Realty Company [S Warrior Ln/SE
Westown Pkwy Public Improvements]
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: Timberline Estates LLC is in the process of purchasing
property owned by the New Pioneer Gun Club which is currently being used
as a shooting range. Hubbell Realty Company owns the adjacent property
which borders SE Westown Parkway. Both Timberline Estates and Hubbell
intend on developing their respective properties for single family residential
homes.
Due to the costs associated with the purchase and remediation of the existing
lead contaminate on the property and the development of the property for
single family residential homes, staff is recommending that the City
participate in the construction of a portion of the public street infrastructure to
support the proposed development. The development agreement specifies that
the City will bid and construct a portion of S Warrior Lane up to a maximum
cost of $2,000,000 as well as bid and construct a 3 ½ curb and gutter and
storm sewer section adjacent to the property bordering SE Westown Parkway.
Both roadways are considered part of the City’s arterial/collector roadway
network.
Timberline Estates and Hubbell Realty will be responsible for all remaining
public improvements associated with their property that are necessary to
develop the property for single family residential homes.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: The estimated cost of public
street improvements is $2.5 million which will be paid for out of cash within
the Debt Service Fund. It is anticipated that upon full build-out, the value of
the approximately 160 single family homes will be $110 million which will
generate approximately $675,000 a year in new property taxes to the City as
well as expand and improve the City’s arterial/collector roadway network.
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Staff recommends approval.
I7
RECOMMENDATION: Approve the resolution.
ATTACHMENTS: I. Proposed Resolution & Agreement
PREPARED BY: Brad Deets, City Administrator
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
THE CITY OF WAUKEE, IOWA
RESOLUTION 2026-
RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH TIMBERLINE
ESTATES, LLC AND HUBBELL REALTY COMPANY [S WARRIOR LANE/SE
WESTOWN PARKWAY PUBLIC IMPROVEMENTS]
WHEREAS, Timberline Estates, LLC has purchased on contract, property owned by
New Pioneer Gun Club and currently used as a shooting range; and,
WHEREAS, Hubbell Realty Company owns property which adjoins the Timberline
Estates, LLC property; and,
WHEREAS, the clean-up costs associated with the Timberline property together with the
costs associated with the extension of S. Warrior Lane through the Hubbell Property and
Timberline Property make the acquisition and development of the Timberline Property difficult;
and,
WHEREAS, traffic, public safety and community planning considerations make the
development of the Timberline and Hubbell property and the completion of S. Warrior Lane south
of SE Westown Parkway desirable to the City and the public interest.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Waukee in the
State of Iowa, that the City agrees to participate in a portion of the improvements associated
with S. Warrior Lane as well as improvements to SE Westown Parkway adjacent to and
through the Timberline Estates and Hubbell Property as reflected within the attached
Development Agreement as an incentive to develop the property for single family residential
homes.
PASSED AND APPROVED this 16th day of March 2026.
Mayor
ATTEST:
City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
Kala Anderson
Chris Crone
Rob Grove
Lori Lyon
Anna Bergman Pierce