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HomeMy WebLinkAboutA001 - Request for Designation of Urban Revitalization Area REQUEST FOR DESIGNATION OF URBAN RE VITALIZA TION AREA Effective Date August 11, 1999 Property Owner ,)n ,,a a s G, & 1e Address 707 FIFTH 3T, AM65 --W Uj A 9'0 010 (Street) (City) (State) (Zipcode) Telephone 515-Z32-2S0,5 S/s z9z-338G (Business) (Home) Contact Person DDuS� 6• Ai lP Address 70-7 f;YA Arn e's 20 w 0. Soo 16 (Street) (City) (State) (Zipcode) Telephone 23 z-ZSo S7 S-�S Z 9 Z-33 6 (Business) (Home) 2-32-7z35 (pax) _ (Mobile/Cellular) Street Address of Property to be Included in the Urban Revitalization Area: l SD Caj Pus tir ., Ames , .Tow-a Soolo Legal Description of Property to be Included in the Urban Revitalization Area: (The legal description must be correct or the application cannot be processed.)Attach if lengthy. See � f-f�cti¢� Note: It is required that the property owner(s) obtain site plan approval by the City of Ames prior to submitting this application. An 11 x 17 reduction of the approved site plan and 11 x 17 reductions of the elevations of all sides of each building must be submitted as part of this application. Criteria for Eligibility: Please describe, on a separate sheet, how the property meets the required and optional criteria in the "Commercial Criteria Matrix" or in the"Multiple Family Residential Matrix"(see attached matrix). I (We) certify that I (we) am (are) familiar with applicable state and local codes and ordinances, the procedural requirements of the City of Ames and have submitted all the required information. Property Owner's Signature: Date: _/ ,7/2000 Preparer's Signature: � REC s:�Deve lopPacket\requestforurades ignation JM 0 7 2000 C11V OF AMES.IOWA gpT OF PLANNING&HOUSING Rel u-Gs4 Fog Da5iyhuriti'a� o Ck r6ay. Rev; #C- I i ?--+ vvl The North Fifty-seven and One-half(57%a) Feet of the South Sixty- (60)Feet of Lot Seven(7), Athletic Park Addition to Ames, Iowa, 1sz. esvA-pv-s A-vE. The North Thirty(30) Feet of Lot Seven (7), the South Thirty (30) Feet of Lot Four(4),and all of that part of the South Thirty(30)Feet of Lot Five (5) lying West of the East line of Lot Seven (7), if extended, all in Athletic Park Addition.to Ames, Iowa, 115(o ,A-vt. Lot Three and One-half(3%); the North Half(N%2)of Lot Four(4); and Lot Five (5), except the East One Hundred Fifty(150) Feet and the South Thirty (30) Feet, all in Athletic Park Addition to Ames, Iowa, t To: City Council City of Ames From: Doug Pyle Date: City Council Meeting Date of January 25, 2000 Re: Application for Tax Abatement This is a formal request for tax abatement related to the construction of a 24 plex proposed for 156, 152 and 148 Campus Avenue. We believe this project warrants tax abatement for the follawing reasons: Utilization: The lot sizes for the three properties included in this project are as follows: 156 Campus is 12,271 SF, 152 Campus is 10,140 SF and 148 Campus is 9,826 SF. The combined total is 32,237 SF and could support a maximum of 27 dwelling units. 156 Campus is a 2 bedroom, one story single family home. 152 Campus is a two story converted house with a 1-bedroom unit down and a 2-bedroom unit upstairs. 148 Campus is a converted two-story house with 3 sleeping rooms up, a 4-bedroom unit on the main floor and a 2 bedroom in the basement. The total number of existing dwelling units on the combined properties is 8. Zoning: All three of these properties were previously rezoned R 4 in November of 1990. The new proposed zoning for all three properties is RH(Residential High Density). The 5-plex house conversion at 148 Campus is the one structure that is non-conforming today because 5 units exist on a 9,826 SF lot. It seems apparent that the City has seen this property as multi family high density for some time and believes that this is its best future use. Our plan would eliminate the non- conforming status of 148 Campus. Urban Revitalization: All three of the properties were designated as urban revitalization properties prior to summer 1999. We do not feel these properties, in their present form or as a 24-plex, could be considered a viable alternative to affordable housing. Proximity to ISU has always made students the likely residents. Rents have historically been high for this reason. Condition: 148 and 152 Campus were constructed in 1914 and 1916 respectively. Both have been used as rental properties for many years. No remodeling has been done to either property other than to maintain life safety issues brought about by the City rental inspections. All three properties have damp and settled basements, some with major cracks and bowing. They have some knob and tube wiring with exposed fuse panels. Some have original plumbing fixtures,pipes and heating systems. The interior fixtures, wall condition,trim and floor are,by our estimate, in very poor shape. The 148 Campus building,with a two-car garage,is assessed at $57,500. The 152 Campus house, with a two-car barn, is assessed at $47,300. 156 Campus, built in 1952, is assessed at $50,900 with two 2-car garages. 156 Campus has been offered to "Habitat for Humanity"for relocation. We have been told that the property is not in satisfactory condition for Habitat for Humanity to accept, even as a contribution. Improvements: It is our intention to construct a 24 unit building on this combined site. The structure has been designed to have its length run parallel to Campus Avenue to present a street frontage with curb appeal. The building has been planned by HCS Builders to have design elements in keeping with village architecture to blend into the existing neighborhood and to match new construction in the area. Generous use of gables, double hung divided light windows and columns are evident in the design. The plan has been drawn to show 100%brick facing and at least 50%brick on the sides of the building. Landscaping requirements have been drawn to 150%of the existing requirements in keeping with the tax abatement improvement suggestions. Economic Impact: To the City: The newly constructed building should assess around$1,400,000. The existing properties' total assessment is currently$284,000. Improvements will increase property tax revenue on this property by approximately$33,000 per year in today's dollars. To the Developer: While the development cost is certainly not the primary reason to grant or deny tax abatement,it is worth noting that the cost of ground for this project will exceed$17,000 per unit. This compares to an undeveloped ground cost of less than$10,000 in new, modem areas such as Somerset. While proximity will allow slightly higher rents in the university-impacted area, it is becoming increasingly difficult to make this kind of improvement to these neighborhoods without some temporary financial incentive. Other General Considerations: All three buildings are currently unoccupied. Summary: • The existing properties are grossly underutilized. • The zoning,past and present, suggest multi-family residential as its best use. • This property has been designated as urban revitalization in the very recent past. • Two of the three existing structures are near the end of their useful life,the third will be donated as affordable housing if at all possible. • The new structure we propose will provide safe, modern living accommodations with architecture blending yesterday and today. Extensive masonry and landscaping, in keeping with urban revitalization recommendations,will be used. • After a short tax abatement period,the property tax revenues to the City will increase 500%for the life of the project. CITY OF AMES URBAN REVITALIZATION PROGRAM TAX EXEMPTION SCHEDULE All qualified real estate located in a designated revitalization area is eligible to receive a partial exemption from taxation on the Actual Value added by the improvements as specified by the schedules below. Any qualified real estate may elect one of the three schedules. A. The exemption period for ten (10) years. The amount of the partial exemption is equal to a percent of the Actual Value added by the improvements, determined as follows: For the first year, 80% second 70% third 60% fourth 50% fifth 40% sixth 40% seventh 30% eighth 30% ninth 20% tenth 20% B. The exemption period for five (5) years. For the first year, 100% second 80% third 60% fourth 40% fifth 20% C. The exemption period for three (3) years. All qualified real estate is eligible to receive a 100% exemption on the Actual Value added by the improvements. Once the selection of the schedule is made and the exemption is granted, the owner is not permitted to change the method of exemption. a. 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DATE Ames, Iowa 50010 LOT1, CAMPUS POINTE SUBDIVISION REVISION Phone: 515 233-0000 150 CAMPUS AVENUE DRAWN PROJECT NO, DATE ENGINEERING FAX: 515 233-0103 AMES, IOWA JTP 8GK 5204-99A 1/13/00 AMES, IOWA Lot 3 Lot 2 g n of = ,O D r o 0I Z ODzf Z r D Z--0 �I z -iLA0 rrt O O N r*i ZOO m Z 00 m n M i w 4' IDE C _ I m N tl� N D >1 m W N I I I •� D 1 Cl) Im Lot 3 1/2 N C)--1 I z -r co '" - - - - - - - - - - - - - - - DQ ' - - - - C� D M co D O -u - - - - - - - - - - - - - - - C ^' O I N I SW (i r'l D Lot {j 1 N 00 07 19 ''' NO :nO0D fl > C I C � o M toNN� a) D N Cn $-D rTl v ; (�J I 02 ?Z O - m C r- M rT Ox Z fn m--, Or- a) O o �z mm I D 68.33' `'' 0 cn D a O D O N O N M r m O m —a— F — — - - ©,1 d FF I r ^' f Lot aI r I I W m 1 m D �a I I I I I I I I I I I I I W D n I I m I m D m I - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - M - - - x m MMx z M M U) C) CA U N n D O G) D rm M z D r r T. Z TI M Z C) M v z Z o � m Z 0 LA fn VI N r�i D Z 0 C C C < Ao S m co cop m XO ;0, IQN N N fN N V N N N VI 0 D 0 Cl) 0 0 N J 0 C) N C) C J 0 Q N C �-, --1 -4 m D -m D D D D N D D D D N D D m r- D D D 0tn zo r r rr� �rr�rr =rr m r r r G z-o Cm N N T m m vl �k �k -0 m m W N �{� Z— Z m -0 ;a C ; mpm o � O C � C� m G) o r D c 0 0 O� C]� � D 2 Z Ul C < rr- 7c D �_ � m O O O O �-f C_ I ,1 I p �p " z z � � p A 0I C ;; m C� C) n r--O 'n Dm m a a � zmA � � zmpCm D'Tt Z D C r r m m m D D^ Z < < ZD F--► �; oz z N LnDc � zZ -0 ;M0 Z 0 0 0 -OT o�' z= p -i �..� m � z50rr' - z o o m 0 m Z r 'Z of v�i m N �' m D D D Qom O C -ziD C m c 0 FDA m m m Z� O M A Mx = m IA m K o N (n Vl CD O 0 z ; o = N D < to l n p m co _ Z y v Z \\\ `^ o c � > ; \\ o o N � o O O O r 0 00 f., � n FOX Engineering Associates, Inc. LANDSCAPE PLAN SHEET: 2 1531 Airport Road , CAMPUS POINTE SUBDIVISION N0. DATE LOT1 Ames, Iowa 50010 REVISION RK Phone: 515 233-0000 150 CAMPUS AVENUE ENGINEERING FAX: 515 233-0103 DRAWN PROJECT NO. 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