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HomeMy WebLinkAbout2016-06-06-J01U Development Agreement - Broderick MEE AGEN FORM SYNO FISC COM STAF RECO ATTA PREP REVI ETING DATE NDA ITEM: MAT: OPSIS INCL CAL IMPACT MMISSION/B FF REVIEW OMMENDA ACHMENTS PARED BY: IEWED BY: CITY COU E: June 6, : Consid Agreem Broder Resolut LUDING PRO purchas Broder the nex an appr propert It is ant western benefit Broder their fu extensi It is ant City an City fo sold or T INCLUDIN BOARD/COM W AND COM agreem ATION: App S: I. II. III. Brad D : CITY OF W UNCIL MEE 2016 deration of app ment with Edw ick tion O & CON: O se agreement ick Family Tr xt high school roximately 20 ty being purch ticipated that n property lin both the City ick’s have sig uture responsi on of the pub ticipated that nd the Broderi r their share o platted for de NG COST/B MMITTEE C MMENT: Sta ment. prove the reso Proposed Re Developmen Location Ma Deets, Develop WAUKEE, ETING CO proval of a re ward J Broder On May 16th, s on property rust and Norm l and recreatio 0 acre parcel t hased. a public stree ne of the rema y/School as w gned a Develo ibilities in term blic street adja this street wi ick Property w of the improv evelopment. BENEFIT AN COMMENT aff would rec olution. esolution nt Agreement ap pment Service AGE IOWA OMMUNICA esolution appr rick Family T the City Cou y currently ow ma R Broderi on complex. that is located et will be con aining Broder well as the Bro opment Agree ms of costs as acent to their ill be construc will be respon vements at suc NALYSIS: T: ommend app t es Director ENDA ITEM: ATION roving Develo Trust and Nor uncil approve wned by the E ick for the dev The Broderic d directly east nstructed adja rick property w oderick’s. As ement which ssociated with remaining pr cted in the fut nsible for reim ch time as the proval of the d oper’s rma R d several Edward J velopment of ck’s will retai t of the cent to the which will s such, the stipulates h half of the roperty. ture by the mbursing the e property is development f in THE CITY OF WAUKEE, IOWA RESOLUTION 16- RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH EDWARD J. BRODERICK FAMILY TRUST AND NORMA R. BRODERICK IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, City of Waukee and the Waukee Community School District have previously entered into a 28E Agreement to jointly acquire certain parcels of real property for future joint development as a new high school and joint/public-use recreational fields (Resolution 16-180) AND, WHEREAS, per the terms of the 28E Agreement, the City was appointed to act as the agent both for itself and the School district to acquire property; AND, WHEREAS, the City has reached agreement for the purchase of property from Edward J. Broderick Family Trust and Norma R. Broderick pursuant to terms of the 28E Agreement and a purchase agreement was previously approved by the City Council (Resolution 16-203); AND, WHEREAS, it is anticipated that a public street will be extended adjacent to the property being purchased and remaining property owned by the Edward J. Broderick Family Trust and Norma R. Broderick; AND, WHEREAS, the City has reached agreement with the Edward J. Broderick Family Trust and Norma R. Broderick regarding future shared costs of the extension of the public street which will benefit both properties. NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this 6th day of June 2016 that the Development Agreement with Edward J. Broderick Family Trust and Norma R. Broderick, as set forth in the attached Exhibit A, is hereby approved. PASSED AND APPROVED, this 6th day of June, 2016. ____________________________ William F. Peard, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk ROLL CALL VOTE AYE NAY ABSENT ABSTAIN Brian Harrison Shelly Hughes Larry R. Lyon Rick Peterson VACANT SEAT BRODERICK LAND PARCEL 1 (containing approx. 40 acres) BRODERICK LAND PARCEL 2 (containing approx. 80 acres) DOUGLAS PKWY SUNRISE DR 4TH ST 10TH ST (R‐22) REMNANT PARCELS    (containing approx. 7 acres) MCCARTHY LAND (containing approx. 40 acres)  PROPOSED STREET RIGHT OF WAY REMAINING BRODERICK  PARCEL