HomeMy WebLinkAbout2023-10-09 Resolution 2023-445_Development Agreement, Elbert Real Estate Group LLCTHE CITY OF WAUKEE, IOWA
RESOLUTION 2023-445
APPROVING THE AGREEMENT FOR DEVELOPMENT BY AND BETWEEN CITY OF
WAUKEE, IOWA AND ELBERT REAL ESTATE GROUP, L.L.C.
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, Elbert Real Estate Group, LLC (`'Developer") owns the property locally known as 405 61"
Street, Waukee, Iowa ("Property") and legally described as:
The West 3/4 of Lot 1 in Block 10 in the Town of Waukee, Dallas County, Iowa; AND,
WHEREAS, the Developer proposes major renovations to the interior and exterior of the Property for
an approximate investment of $390,000; AND,
WHEREAS, the City submitted a grant application to the Iowa Economic Development Authority
("IEDA") for a Community Catalyst Building Remediation Grant for the proposed Project located
at 405 6"' Street, Waukee, Iowa, to be completed at property owned by Developer; AND,
WHEREAS, the grant application was approved for this project by IEDA on June 26, 2023, and
accepted by the City upon the terms and conditions set out by IEDA on August 7, 2023 (Resolution
42023-330); AND,
WHEREAS, the Developer, as owner of the property, accepts the grant upon the terms and conditions
set out in the agreement and the agreement between the Iowa Economic Development Authority and
the City of Waukee (Agreement No. 23-CTBF-024); AND,
WHEREAS, the Agreement requires the Developer to rent and lease the Property for a minimum of
five (5) years to a full -service restaurant and create a minimum of two full-time equivalent employees.
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this 9th
day of October, 2023:
That the form and content of the Agreement, the provisions of which are incorporated herein by
reference, be and the same hereby are in all respects authorized, approved and confirmed, and
the Mayor and the City Clerk be and they hereby are authorized, empowered and directed to
execute, attest, seal and deliver the Agreement for and on behalf of the City in substantially the
form and content now before this meeting, but with such changes, modifications, additions or
deletions therein as shall be approved by such officers, and that from and after the execution
and delivery of the Agreement, the Mayor and the City Clerk are hereby authorized,
empowered and directed to do all such acts and things and to execute all such documents as
may be necessary to carry out and comply with the provisions of the Agreement as executed.
Attest:
tw4m
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
AYE
Anna Bergman Pierce
R. Charles Bottenberg
X
Chris Crone
Larry R. Lyon
X
Ben Sinclair
X
l
0'- -
Courtney Clarke, Mayor
NAY ABSENT
X
ABSTAIN