HomeMy WebLinkAbout2022-12-05 Resolution 2022-513_Real Estate Purchase Agreement, JDS Real Estate Investments LLCTHE CITY OF WAUKEE, IOWA
RESOLUTION 2022-513
APPROVING REAL ESTATE PURCHASE AGREEMENT BETWEEN JDS REAL
ESTATE INVESTMENTS, LLC AND THE CITY OF WAUKEE
]GREENBELT PROJECT]
IN 77IE NAME AND 13 t' 711E A UTH0R17 i" 0F THE CI7T 01,' WA UKEE, IOW.4
WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal
Organization, AND,
WHEREAS, the City is a party to Developers Agreement (-DA-) recorded in the Dallas County
Recorder's office at Book 2022, I age 22275 between Metro Acquisitions II, LLC, and the City of
Waukee dated October 17, 2022 concerning, among other things, the City's acquisition of certain
property interests necessary for the development of'a green belt for the use and enjoyment of the public
("Agreement'), AND
WHEREAS, Metro Acquisitions 11, LLC has assigned the Agreement to JDS Real Estate Investments,
LI_,C (`.IDS'") and JDS has acquired the property which is the subject of said agreement; AND
WHEREAS, the legal description for the property to be acquired by the City under paragraph 1 of
the Agreement has been developed and the required plat of survey has been recorded allowing for the
purchase of the property as contemplated by the Agreement; AND
WHEREAS, in order to effectuate the purchase of the real estate a purchase agreement has been
submitted setting forth the specific property being purchased and the process for the acquisition of the
property in satisfaction of paragraph I of the Agreement.
NOW THEREFORE BE IT RESOLVED by the City Council of' the City of Waukee, Iowa, that
the Real Estate Purchase Agreement between ,IDS Real Estate Investments, LLC, and City of Waukee
is hereby approved.
BE IT FURTHER RESOLVED that the City hereby consents to Metro Acquisitions 11. LLC's
assignment of the Agreement to JDS, and the same is approved.
BE IT FURTHER RESOLVED that City Attorney and City Staff are authorized to execute any
and all documents, and make the required payments, necessary to ef'iectuate the closing on behalf
of the City.
Passed by the City Council of the City of Waukee, Iowa, and approved this the 5"' day of
December, 2022.
Attest:atutl4t / n
t r
V. 6UPP9
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman Pierce
X
R. Charles Bottenberg
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
Courtney Clarke, Mayor
NAY ABSENT ABSTAIN
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