HomeMy WebLinkAbout2016-08-08-D01 Development Agreement - Hubbell Realty AGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: August 8, 2016
AGENDA ITEM: Consideration of approval of a resolution approving Development
Agreement with Hubbell Metropolitan Development Fund I, LLC and
Hubbell Realty Company [Westown Parkway Improvements]
FORMAT: Resolution
SYNOPSIS INCLUDING PRO & CON:
As a part of the original plans in 2004, it was agreed that as a part of the Glynn Village
Development, Hubbell Realty would be responsible for one half of the cost of the improvements
associated with the paving of Westown Parkway (312th Place). The City’s current policy is that
the first developer is responsible for a 15 ½ foot urban section on the developing side of the
roadway and a 12 foot rural siding on the undeveloped side of the roady. In addition, it was not
known back in 2004 that there would need to be significant grade changes to the roadbed to bring
it up to R-22/6th Street which would be above and beyond what would typically be required of a
developer. Based upon the approved construction drawings Hubbell has determined that the
additional costs are approximately $350,000 greater than what was contemplated as their
responsibility back in 2004.
The proposed development agreement contemplates that Hubbell Realty will be responsible for
paving a full urban section on the north side of the street and a rural section on the south side of
the street from the eastern boundary of the Glynn Village Development to approximately Warrior
Lane. The City will be responsible for paving from approximately Warrior Lane to the current
City project that is under construction which is approximately 1,444 linear feet. This additional
work contemplated by the City would be considered a change order to our current project under
construction and would cost the City an additional $300,000 to complete.
The proposed development agreement construct a full also includes an offer to purchase from the
City the approximately 9 acre parcel owned by the City on the south side of Westown Parkway
that was recently acquired by the School District. Pending approval of the development
agreement, it is contemplated that the City would at a future date in the near future consider the
offer to purchase the property from the City following publishing of appropriate notice and
holding a public hearing.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: The City Attorney and representatives of Hubbell
Realty are finalizing the terms of the agreement which will be completed
and provided to the Council prior to Monday’s meeting.
RECOMMENDATION: Approve the Resolution.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY: Brad Deets, Development Services Director
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
THE CITY OF WAUKEE, IOWA
RESOLUTION 16-
DEVELOPMENT AGREEMENT BETWEEN CITY OF WAUKEE AND
HUBBELL METROPOLITAN DEVELOPMENT FUND I, LLC (SERIES E) AND
HUBBELL REALTY COMPANY [WESTOWN PARKWAY IMPROVEMENTS]
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, Hubbell Metropolitan Development Fund I, LLC (Series E) (HMDF I-
SERIES E) has submitted a final plat for Glynn Village Plat 10; AND,
WHEREAS, the improvements for Glynn Village Plat 10 include paving associated with
Westown Parkway (312th Place) which include significant grading and drainage
improvements not typically required of a developer; AND,
WHEREAS, a Development Agreement has been proposed which lay out the
responsibilities of HMDF I-SERIES E and the City regarding responsibilities associated
with the paving of Westown Parkway (312th Place.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in
session this 8th day of August, 2016, that it hereby approves the Development Agreement
between the City of Waukee and Hubbell Metropolitan Devleopment Fund I, LLC (Series
E) and Hubbell Realty Company regarding Westown Parkway Improvements.
____________________________
William F. Peard, Mayor
Attest:
___________________________________
Rebecca D. Schuett, City Clerk
ROLL CALL VOTE AYE NAY ABSENT ABSTAIN
Anna Bergman
Brian Harrison
Shelly Hughes
Larry R. Lyon
Rick Peterson