HomeMy WebLinkAboutA017 - Council Action Form dated May 23, 2000 t
ITEM # 3� a_
DATE 05/23/00
COUNCIL ACTION FORM
SUBJECT: RESOLUTION APPROVING THE URBAN REVITALIZATION PLAN FOR 316
LINCOLN WAY.
ACTION FORM SUMMARY: The City Council is being asked to approve the Urban
Revitalization Plan that staff was directed to prepare for 316 Lincoln Way.
Staff is recommending approval.
BACKGROUND:
On April 11, 2000 the City Council determined that the request for designation of an Urban
Revitalization Area for 316 Lincoln Way met the Criteria for Eligibility. The Required
Condition the project meets is that it currently is a non-conforming use with respect to base
zoning and that it will be brought into conformance. Under the Optional Conditions the
project meets the requirements of Design Standards, Landscaping, and Signage. The City
Council waived the optional requirement of shared parking. City Council also directed staff
to include in the Urban Revitalization Plan for 316 Lincoln Way the-sign graphics for the
proposed monument sign and building facade drawings (see attached drawings).
City Council then directed staff to prepare an Urban Revitalization Plan for 316 Lincoln
Way and to set a date of public hearing for May 23, 2000 to establish the Urban
Revitalization Area.
City staff has prepared an Urban Revitalization Plan for 316 Lincoln Way. The following
items are included in the Urban Revitalization Plan:
The area includes 302 and 326 Lincoln Way, as the Urban Revitalization Program
requires that there be two principal structures in each Urban Revitalization Area
established. The tax abatements will exist only for 316 Lincoln Way.
The total assessed valuation of land and buildings on the properties total:
316 Lincoln Way Land - $259,000 Improvements - $0
302 Lincoln Way Land - $292,800 Improvements - $464,900
326 Lincoln Way Land - $253,500 Improvements - $177,500
It is expected that the value added will exceed the five- (5)% increase required in
actual value.
The owners of the properties in the district are:
316 Lincoln Way — Edward Sorenson
302 Lincoln Way — CNL Net Lease Investors LP
326 Lincoln Way — QC Energy II LC
The zoning is HOC, which is Highway Orientated Commercial.
There are no enhancements to City services needed because of this project.
The project consists of an existing mobile home court to be removed and replaced
with a Dairy Queen Franchise operation.
There will be no displacement of any persons and thus no relocation benefits
provided.
For further detail on the Urban Revitalization Plan for 316 Lincoln Way see the attached
plan.
City staff is recommending approval of this action.
ALTERNATIVES:
1. The City Council can approve the Urban Revitalization Plan for 316 Lincoln Way.
2. The City Council can deny the Urban Revitalization Plan for 316 Lincoln Way.
3. The City Council can direct staff to revise the Urban Revitalization Plan for 316 Lincoln
Way.
MANAGER'S RECOMMENDED ACTION:
It is the recommendation of the City Manager that the City Council adopt Alternative #1.
This action will approve the Urban Revitalization Plan for 316 Lincoln Way and allow for
tax abatement for redevelopment of a mobile home court into a Dairy Queen Franchise
building.
COUNCIL ACTION:
2
URBAN REVITALIZATION PLAN
316 LINCOLN WAY
1. Property Addresses: (A)*316 Lincoln Way (B) 302 Lincoln Way (C)326 Lincoln Way
2. Legal Description:
(A)Lot 3 and the east 60 feet of lot 4 to Black's Addition to the City of Ames,Story County,Iowa.
03)Lots 1 and 2 to Black's Addition to the City of Ames,Story County,Iowa.
(C)The north 145 feet and the west 149.67 feet of lot 4,Black's Addition to the City of Ames,Story County,Iowa.
3. Assessed Valuation:
Land: (A)$259,000 Buildings: (A)$0.00
(B)$292,800 (B)$464,900
(C)$253,500 (C)$177,500
4. Owners:
Name: (A)Sorenson,Edward Eric Address: (A)PO Box 55
(B)CNL Net Lease Investors LP (B)400 East South St.#500,Orlando,FL
(C)Q C Energy II LC (C)433011th St,Rock Island,IL
5. Zoning District and Classification:
HOC(Highway Oriented Commercial Zone)
6. City Services:
No enhancements are planned.
7. AnnlicahiliU of Revitalization:
Revitalization shall be applicable only to that subset of eligible property within the conunercial classification that takes the
form of a new Dairy Queen franchise building at 316 Lincoln Way,with the sign and building being built according to
attachments A and B.
8. Duration:
For a duration of two years from May 23,2000 until May 23,2002.
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 Prommns for Residential Improvements:
There are no grants and loans.
12. Existing Land Use
(A)**C-810 Mobile Home Park
(B)C-540 Franchise Restaurant
(C)C-330 Convenience Store
13. Geocode: (A)09111250 (B)0911125030 (C)0911125010
*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.
law\planpatt.525
ATTACHMENT A
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