HomeMy WebLinkAbout2006-04-10-Resolutions 06-57_Gilcrest Jewett-Williams Pointe Comm - Development Agr1ROLLCALLVOTE
Donald L.Bailey,Jr.
Isaiah McGee
Jeff Mertz
Darlene Stanton
Michael Watts
AYE
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X
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X
NAY ABSENT
THE CITY OF WAUKEE,IOWA
RESOLUTION 06-57
APPROVING A DEVELOPER'S AGREEMENT WITH GILCREST/JEWETT LUMBER
COMPANY AND WILLIAMS POINTE COMMERCIAL,L.C.FOR ROAD
IMPROVEMENT REIMBURSEMENT
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE,IOWA
WHEREAS,the City of Waukee,Dallas County,State ofIowa,is a duly organized Municipal
Organization;AND,
WHEREAS,the City is scheduled to begin construction on the widening and realignment of the
intersection of Alice's Road and University Avenue in 2006;AND,
WHEREAS,in order to maintain access to the abutting properties in the future when the City
shall undertake widening of Alice's Road further north of said intersection,Gilcrest/Jewett
Lumber Company and Williams Pointe Commercial I,L.C.have asked to undertake the
widening of Alice's Road north of said intersection as a private project;AND,
WHEREAS,a Developer's Agreement is proposed wherein the private parties shall undertake
and finance the private portion of certain Alice's Road street improvements,and the City shall
reimburse the private parties for the private portion of the costs over a 5-year period beginning
one year after the private parties have submitted an invoice to the City for the City's portion of
improvements;AND,
WHEREAS,the City shall undertake and finance the public portion of certain Alice's Road
street improvements,provided the private parties reimburse the City thirty (30)days after an
invoice is submittedby the private parties for the City's portion of the cost of improvements.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee,Iowa in
session this 10th day of April 2006,that the Developer's Agreement for road improvement
reimbursement be approved,provided the interest on payments made to the private parties shall
be 0%and City staff shall pursue options to complete reimbursement payments more quickly
than the five-year period stated in the Agreement,if in the best interest of the City.I
I
Attest:
on,Interim City Administrator/Clerk
ROLL CALL VOTE
Donald L.Bailey,II.
Isaiah McGee
Jeff Mertz
Darlene Stanton
Mike Watts
AYE
X
X
X
X
NAY ABSENT
X
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