HomeMy WebLinkAbout2016-09-19-H01 Sale of Property to Hubbell Realty - PH AGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: September 19, 2016
AGENDA ITEM: Consideration of approval of a public hearing to dispose of real property
by sale to Hubbell Realty Company
FORMAT: Public Hearing
SYNOPSIS INCLUDING PRO & CON:
On August 15, 2016, the City Council approved a Development Agreement with Hubbell Realty
regarding improvements to Westown Parkway associated with the platting of Glynn Village Plat
10.
As a part of the Development Agreement, there was an offer to purchase the approximately 10.11
acres of property currently owned by the City located south of Westown Parkway and west of
Stone Prairie that was recently acquired from the School District. The offer to purchase was in
the amount of $340,000 or approximately $34,000 per acre. It would be Hubbell’s intent to
develop the property with residential development.
Pursuant to Iowa Code, the City is required to publish public notice of an offer to purchase real
estate and to hold a Public Hearing before the City Council before any action is taken.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Staff would recommend approval of holding the public
hearing.
RECOMMENDATION: Hold the public hearing.
ATTACHMENTS: I. Location Map
II. Purchase Agreement
PREPARED BY: Brad Deets
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Dallas County News
DATE OF PUBLICATION: September 15, 2016