HomeMy WebLinkAbout2023-03-06 Resolution 2023-092_Affordable Housing Project, Option to PurchaseTHE CITY OF WAUKEE, IOWA
RESOLUTION 2023-092
RESOLUTION TO APPROVE AND EXECUTE AN OPTION TO PURCHASE
AGREEMENT WITH NORTHPOINTE DEVELOPMENT II CORPORATION
FOR AFFORDABLE HOUSING PROJECT
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UKEE, IOWA
WHEREAS, the City of Waukee, Iowa is a duly organized municipality within Dallas
County; AND,
WHEREAS, the City of Waukee has chosen Northpointe Development II Corporation's
proposal to develop affordable housing on 6.44 acres of land near Douglas Parkway and
North Warrior Lane; AND,
WHEREAS, the City of Waukee proposes that pending an award of low income housing
tax credits and successfully abiding by a development agreement, Northpointe
Development II Corporation have the option to purchase the above described land for $1
AND,
WHEREAS, a public hearing on the recommended Option to Purchase Agreement has
been held on March 6, 2023.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in
session this 6`" day of March, 2023. that the City of Waukee approve and execute an
Option to Purchase Agreement with Northpointe Development II Corporation for the
purpose of developing an affordable housing project:
Attest:ba4t4w /
V'
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman Pierce
R. Charles Bottenberg
X
Chris Crone
X
Larry R. Lyon
X
Ben Sinclair
X
Courtney larke, Mayor
NAY ABSENT ABSTAIN
X