HomeMy WebLinkAboutA002 - Urban Revitalization Plan URBAN REVITALIZATION PLAN
511 South 4th Street
1. Property Addresses: 511 South 4th Street 325 South Walnut Avenue
2. Legal Description:
Lots 8,9,12,and that part of the vacated alley lying west of and adjacent to the said lots 8,9 and 12 in Block C of Black's Fourth
Addition to the City of Ames,Story County,Iowa.
3, Assessed Valuation:
Land: $28,900.00 Buildings: $79,000.00
$21,500.00 $51,500.00
4. Owners:
Name: (A)Kent and Joan Cooper Address: 909 Brookridge Ave Ames I.A.50010
(B)Gregory Cooper 54398 276th St Kelley IA 50134
5. Zonine District and Classification:
RH(Residential High Density Zone)
6. City Services:
No enhancements are planned.
7. Applicability of Revitalization:
Revitalization shall be applicable only to that subset of eligible property within the commercial assessment classification that
takes the form of a new 3 story,16 unit apartment building at 511 South 4th Street.
8. Duration:
The end date for urban revitalization tax exemption benefits is June 1,2003.
9. Relocation:
The plan does not require that displacement of any persons,and there will be no relocation benefits provided.
10. Percent Increase in Value Required:
The value-added requirement os a five(5)percent increase in actual value.
11. Federal,State or Private GrantlLoan Programs for Residential Improvements:
There are no grants and loans.
12. Existing Land Use
**C-10,4 Apartments
R-70,2-Story 1945 and older
13. Geocode: 0911103100 0911103090
*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