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HomeMy WebLinkAbout2016-01-18-J06 WCSD Property Exchange Agreement AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: January 18, 2016 AGENDA ITEM: Consideration of approval of a resolution approving a Property Exchange Agreement between the City of Waukee and the Waukee Community School District. FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: City staff has been working with representatives of the Waukee School District on a property exchange agreement related to the development of a new transportation facility for the Waukee Community School District. The proposed agreement states that the School District will acquire title to an approximately 13.95 acre parcel of property currently owned by the City located directly east of the Public Works Building at the intersection of University Avenue and 6th Street. In exchange, the City will receive title to an approximately 9.11 acre parcel of property located south of Westown Parkway and just west of the Stone Prairie subdivision. It is intended that the City would retain this property until a future date when anticipated residential development occurs on adjacent property. In addition to the property exchange, the District agrees as a part of the approval to credit the City in the amount of $200,000 for improvements associated with a regional storm water retention pond that will be developed as a part of the transportation facility. The retention facility will accommodate storm water retention for the Waukee Public Works property as well as other properties further upstream and will help with flooding issues currently being experienced at the Sugar Creek Golf Course. The $200,000 credit was determined based upon the difference in value between the properties being traded based upon the purchase prices of the two properties. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: The City Council held a public hearing on the disposal of the property currently owned by the City on December 7, 2015. The City Attorney has reviewed the Exchange Agreement. The Waukee School Board approved the agreement at their meeting held on January 11, 2016. RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Proposed Resolution II. Property Exchange Agreement III. Property Exchange Maps PREPARED BY: Brad Deets REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: THE CITY OF WAUKEE, IOWA RESOLUTION 16- PROPERTY EXCHANGE AGREEMENT BETWEEN CITY OF WAUKEE AND WAUKEE COMMUNITY SCHOOL DISTRICT IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Iowa is a duly organized municipality within Dallas County; AND, WHEREAS, the Waukee Community School District is a duly organized school district within Dallas County; AND, WHEREAS, the City and the School District have entered into an agreement for a land exchange to facilitate the construction of a transportation facility for the Waukee School District; AND, NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this 18th day of January, 2016, that it hereby approves the land exchange agreement between the City of Waukee and the Waukee Community School District. ____________________________ William F. Peard, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk ROLL CALL VOTE AYE NAY ABSENT ABSTAIN Shane Blanchard Brian Harrison Shelly Hughes Larry R. Lyon Rick Peterson Property being acquired   by City of Waukee  Property being acquired by  Waukee School District  Land Exchange Agreement Map