HomeMy WebLinkAbout2016-11-07-Resolutions 16-471_ARAC - Swallow - et al - Satisfaction of Development AgrTHE CITY OF WAUKEE,IOWA
RESOLUTION 16-471
APPROVING A RELEASE AND SATISFACTION FOR DEVELOPMENT
AGREEMENT —ARAC,LLC;CHARLES SANFORD SWALLOW AND TERRY
IRENE SWALLOW TRUST;TKC REAL ESTATE)LLC;KE BREWER,LLC
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UI EE,IOWA
WHEREAS,the City of Waukee,Dallas County,State of Iowa,is a duly organized
Municipal Organization;AND,
WHEREAS,ARAC LLC,Charles Sanford Swallow and Terry Irene Swallow Trust dated
10-22-98,TKC Real Estate,L.L.C.,and KE Brewer,LLC (collectively "Property Owners")
entered into a Development Agreement ("Agreement")with the City of Waukee,dated April
15,2013 and recorded on April 26,2013 in Book 2013 Page 7598,Dallas County,Iowa
regarding development of Grand Prairie Parkway and regional detention.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee,Iowa
that the terms of the Agreement have been fully satisfied and the City releases the Property
Owners and their successors and assigns,from all obligations under said Developers
Agreement.
Passed by the City Council of the City of Waukee,Iowa,and approved this the 7 day of
November,2016.
illiam .Peard,Mayor
Attest:
Rebecca D.Schuett,City Clerk
ROLL CALL VOTE
Anna Bergman
Brian Harrison
Shelly Hughes
Larry R.Lyon
Rick Peterson
AYE
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NAY ABSENT ABSTAIN
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