HomeMy WebLinkAboutA007 - Urban Revitatlization Plan, 325 Welch Avenue URBAN REVITALIZATION PLAN
325 WELCH AVENUE
1. Property Addresses: (A)*325 WELCH AVENUE (B)315 WELCH AVENUE
2. Legal Description:
(A)LOT 4 AND THE SOUTH 10 FEET OF LOT 3,BLOCK 2 TO BEARDSHEARS ADDITION TO AMES,STORY COUNTY,
IOWA
(B) LOT 2 AND THE NORTH 80 FEET OF LOT 3,BLOCK 2 TO BEARDSHEARS ADDITION TO AMES,STORY COUNTY,
IOWA
3. Assessed Valuation:
Land: $133,100.00 Buildings: NONE
$240,500.00 $317,900.00
4. Owners:
Name: (A)TAJMA LLC Address: (A)800 NORTH 500TH AVENUE
(B)MU ASSOCIATION THE TAXI,C/O JOHN B (B)204 SOUTH KELLOGG AVENUE
5. Zoning District and Classification:
R-4(High-Density Residential District)
6. City Services:
No enhancements are planned.
7. Applicability of Revitalization:
Revitalization shall be applicable only to that subset of eligible property within the residential classification that takes the form
of a 3-story,9 unit apartment building of masonry construction at 325 Welch Avenue.
8. Duration:
January 1,2003
9. Relocation:
The plan does not require the displacement of any persons,and there will be no relocation benefits provided.
10. Percent Increase in Value Required:
The value-added requirement is a five(5)percent increase in actual value.
11. Federal State or Private Grant/Loan Profit-<ans for Residential Improvements:
There are no grants and loans.
12. Existing Land Use
(A)**R-200 FRATERNITY/SOROITY
(B)R-200 FRATERNITY/SOROITY
13. Geocode: (A)09091300 (13)0909130040
*Letters(A),(B),etc.refer to that specific property throughout the document.
**(c-10,r-70,etc.)refer to the City Assessor's land use codes.
lawWanpatt.525