HomeMy WebLinkAbout2018-09-12-D01 William Fox Farm Purchase Option TerminationAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: September 12, 2018
AGENDA ITEM:Consideration of approval of a resolution approving the termination of an
Offer to Buy Real Estate and Acceptance between William Fox Farm
Company, Inc., and the City of Waukee
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON:
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: City staff recommends termination of the offer.
RECOMMENDATION: Approve the resolution.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY:Becky Schuett
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
D1
THE CITY OF WAUKEE, IOWA
RESOLUTION 18-
APPROVING THE TERMINATION OFFER TO BUY REAL ESTATE AND
ACCEPTANCE BETWEEN WILLIAM FOX FARM COMPANY, INC., AND THE CITY
OF WAUKEE
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, on May 21, 2018, the Waukee City Council approved an Offer to Buy Real Estate
and Acceptance (Nonresidential) between William Fox Farm Company, Inc. (“Seller”), and the
City of Waukee (Resolution #18-209) and the Amendment thereto extending the due diligence
period (Resolution #18-341); AND,
WHEREAS, due to certain issues that have been discovered during due diligence the property is
deemed unsuitable for use as a public safety facility as contemplated by the City and it is deemed
appropriate to terminate the purchase agreement as provided therein; AND,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waukee that
the Agreement dated May 21, 2018, between William Fox Farm Company, Inc. (“Seller”), and
the City of Waukee (Resolution #18-209) and the Amendment thereto extending the due
diligence period (Resolution #18-341) should be terminated and written notice of termination
shall be delivered to Seller in accordance with the provisions thereof.
PASSED, APPROVED, AND ADOPTED this 12th day of September, 2018.
____________________________
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