HomeMy WebLinkAbout2021-12-20-I09 Purchase Agreeement_Prairie Rose Waukee, LLC AGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: December 20, 2021
AGENDA ITEM: Consideration of approval of a resolution approving Offer to Buy Real
Estate and Acceptance (Nonresidential) [Prairie Rose Waukee, LLC]
FORMAT: Resolution
SYNOPSIS INCLUDING PRO & CON: As a part of the strategic planning process, the City
Council identified opportunities for affordable housing development as a top priority of the City.
One of the action steps that was identified was for the City to secure the acquisition of property
which would allow for coordination with the development community on new affordable housing
units based upon parameters, guidelines and requirements that would be established by the City.
City staff identified a number of potential properties that could be acquired and is recommending
proceeding forward with a Purchase Agreement with Prairie Rose Waukee, LLC for the
acquisition of 16.41 acres which is located west of Warrior Lane and both north and south of the
future extension of Douglas Parkway. The property is currently zoned rowhouse and townhome
dwelling district and can support the development of up to 12 units per acre.
The proposed acquisition price is $55,000 per acre and the purchase agreement and sale is subject
to completion of an appraisal on the property. Upon successful completion of the additional
provisions within the Agreement, it is expected that the City would close on the property on
March 1, 2022.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: $902,550.00
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Staff would recommend approval of the resolution.
RECOMMENDATION: Approve the resolution.
ATTACHMENTS: I. Proposed Resolution
II. Purchase Agreeement
PREPARED BY: Brad Deets
REVIEWED BY:
I9
THE CITY OF WAUKEE, IOWA
RESOLUTION 2021-
RESOLUTION APPROVING PURCHASE AGREEMENT FOR CERTAIN
PROPERTY LOCATED IN THE CITY OF WAUKEE
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, the City desires to enter into a Purchase Agreement (hereinafter referred to as the
“Agreement”) and said Agreement has been accepted by the Seller, for certain property generally
located west of Warrior Lane and both north and south of Douglas Parkway as it is extended;
AND
WHEREAS, the City Council of the City of Waukee deems it to be in the best interest of the
City to purchase the property; AND
WHEREAS, the proposed Agreement between Prairie Rose Waukee, LLC and the City of
Waukee is attached as Exhibit “A.”
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waukee that the
Purchase Agreement attached hereto as Exhibit A is approved.
BE IT FURTHER RESOLVED that City Staff is directed to proceed in accordance with the
Agreement. Upon the determination of the City Attorney that the conditions of the offer have
been satisfied and title delivered staff is authorized and directed to proceed with closing.
Passed by the City Council of the City of Waukee, Iowa, and approved the 20th day of
December, 2021.
____________________________
Courtney Clarke, Mayor
Attest:
___________________________________
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN
Anna Bergman Pierce
R. Charles Bottenberg
Chris Crone
Larry R. Lyon
Ben Sinclair