HomeMy WebLinkAbout2002-05-06-Resolutions 02-72_Enterprise Business Park P3 - Cert of Reimbursable DebtRESOLUTION 02-72
THE CITY OF WAUKEE,IOWA
APPROVING THE CERTIFICATION OF REIMBURSABLE DEBT IN ACCORDANCE
WITH THE DOWNING DEVELOPMENT AGREEMENT:ENTERPRISE BUSINESS
PARK PLAT THREE
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE,IOWA
WHEREAS,the City of Waukee and Downing Development,LTD entered into a development
agreement,Downing Development Agreement:Enterprise Business Park Plat Three,on the 6th
day of August,2001,which provided for the reimbursement of expenses associated with the
development ofthe property known as Enterprise Business Park Plat Three;AND,
WHEREAS,reimbursable expenses for the development of the property are limited to:site
related engineering and legal fees,soil testing costs,site grading,erosion control costs,fill
sand/gravel (for end of streets),concrete paving,seeding,signage (street signs &barricades),
costs incurred through development ofthe alteration of the highway median,and water/sewer
work;AND,
WHEREAS,all requests for reimbursable expenses are to be documented by the developer,
reviewed by city staff and are not to exceed in total amount:$562,600.00;AND,IWHEREAS,Downing Development,LTD has submitted reirnbursable expenses associated with
the development of Enterprise Business Park Plat Three totaling $476,599.73,which have been
reviewed and approved by city staff.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this
sixth day of May 2002 that it hereby approves the certification of reimbursable debt in
accordance with the Downing Development Agreement:Enterprise Business Park Plat Three.
Attest:
ROLL CALL VOTE AYE NAY ABSENT INicholasC.Gruber X
Donald L.Bailey,Jf.X
BillPeard X
Mike Watts X
Wayne Johnson X