HomeMy WebLinkAbout2019-04-15-J11 William Fox Farm Purchase AgreementAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 15, 2019
AGENDA ITEM:Consideration of approval of a purchase agreement between William Fox
Farm Company, Inc and the City of Waukee
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: A Purchase Agreement has been negotiated with
William Fox Farm Company, Inc to purchase a 33.07-acre parcel located
north of Hickman Ave and east of T Avenue. The Purchase Agreement
has a 60 day due diligence and requires $1000.00 deposit be paid upon
execution of the agreement and would apply to the purchase price at
closing. The deposit is refundable during the 60 due diligence period.
The total purchase price would be $435,000 and the closing would occur
in July 2019.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: None at this time
COMMISSION/BOARD/COMMITTEE COMMENT: N/A
STAFF REVIEW AND COMMENT: The City Attorney drafted the Purchase Agreement and
has reviewed it.
RECOMMENDATION: Approve the Purchase Agreement
ATTACHMENTS: I. Purchase Agreement
PREPARED BY:Dan Dutcher
REVIEWED BY:Dan Dutcher
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
J11
THE CITY OF WAUKEE, IOWA
RESOLUTION 19-
APPROVING OFFER TO BUY REAL ESTATE AND ACCEPTANCE
(NONRESIDENTIAL) WITH WILLIAM FOX FARM COMPANY, INC.
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 of the City of Waukee deems it to be in the best interest of the
City to purchase property owned by William Fox Farm Company, Inc.; AND
WHEREAS, the proposed Offer to Buy Real Estate and Acceptance (Nonresidential) between
William Fox Farm Company, Inc., and the City of Waukee is attached as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waukee that the
Offer to Buy Real Estate is approved.
BE IT FURTHER RESOLVED that the Mayor is hereby authorized to execute said Offer on
behalf of the City and the City Staff is directed to proceed in accordance with the Offer.
PASSED, APPROVED, AND ADOPTED this 15th day of April, 2019.
____________________________
William F. Peard, Mayor
Attest:
___________________________________
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
Anna Bergman
R. Charles Bottenberg
Courtney Clarke
Shelly Hughes
Larry R. Lyon