Loading...
HomeMy WebLinkAbout2017-01-03-J13 Development Agreement_SE Tallgrass Ln AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: January 3, 2017 AGENDA ITEM: Consideration of approval of a resolution approving Development Agreement related to developer’s extension of SE Tallgrass Lane to Grand Prairie Parkway FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: The Mayor and City Council have as one of their overall goals to have Managed and Planned Growth and Development. One of the priorities of this goal is to construct Westown Parkway from Grand Prairie Parkway to Parkview Crossing. The construction of this roadway will provide a critical east-west connection in the community and open up several acres for commercial development in the Kettlestone Development. Additionally, Tallgrass Lane will be constructed from Grand Prairie Parkway to Parkview Crossing with the same benefits to the community. City staff has negotiated development agreements with adjacent property owners for the construction of the Westown Parkway and the Tallgrass Lane connecting at Grand Prairie Parkway. The agreements are with Lolowau for the property north of Westown Parkway and KE Brewer for the area south of Westown Parkway and north of Tallgrass Lane. Under the development agreement with Lolowau, the City will construct and finance the roadway. Lolowau will deed the right-of-way and provide all necessary easements to the City for the construction project. They will also pay the City $400,000 for their share of the roadway costs at the time their land is sold for development. The development with Brewer is similar and includes a $200,000 incentive for the construction of Tallgrass Lane. The City owns the property adjacent to the south side of Tallgrass Lane. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: The approval of these agreements enables the City to initiate the construction of Westown Parkway. I respectfully recommend City Council approval of the development agreements. RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Proposed Resolution II. Development Agreement PREPARED BY: Tim Moerman REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: 1 THE CITY OF WAUKEE, IOWA RESOLUTION 17- APPROVING A DEVELOPMENT AGREEMENT RELATED TO A DEVELOPER’S EXTENSION OF SE TALLGRASS LANE TO GRAND PRAIRIE PARKWAY 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, ARAC, LLC and Charles Sanford and Terry Irene Swallow Trust own property in the Kettlestone Development Corridor and will be required to construct Tallgrass Lane to Grand Prairie Parkway when their Property is platted (“Tallgrass”); AND, WHEREAS, citizens and motorists will benefit from the completion of the contemplated east- west collector streets being installed, including Tallgrass, connecting to Grand Prairie Parkway to allow more efficient traffic flows throughout the City; AND WHEREAS, the City owns some property adjacent to what will be SE Tallgrass Lane; AND WHEREAS, City Staff have discussed developer expediting its completion and installation of SE Tallgrass Lane and received a commitment for the completion of the same from the developer/property owner; AND WHEREAS, said property owners, listed below, have submitted a Development Agreement related to said Project: 1) ARAC, LLC and Charles Sanford and Terry Irene Swallow Trust dated October 22, 1998 (attached hereto as Exhibit #1); and NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this 3rd day of January, 2017, that the Development Agreements referenced above and attached as exhibits hereto are hereby approved. BE IT FURTHER RESOLVED that the City Clerk shall cause the originals to be recorded upon the properties by submitting the original to the Dallas County Recorder with the appropriate recording fees. Passed by the City Council of the City of Waukee, Iowa, and approved this the 3rd day of January, 2017. ____________________________ William F. Peard, Mayor 2 Attest: ___________________________________ Rebecca D. Schuett, City Clerk ROLL CALL VOTE AYE NAY ABSENT ABSTAIN Anna Bergman Brian Harrison Shelly Hughes Larry R. Lyon Rick Peterson