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HomeMy WebLinkAboutA038 - Resolution No. 10-563 adopted December 14, 2010 RESOLUTION NO. 10-563 RESOLUTION APPROVING AMENDMENT TO CAMPUSTOWN URBAN REVITALIZATION PLAN FOR THE CITY OF AMES,IOWA WHEREAS, the Campustown Urban Revitalization Area and Plan were established because the rehabilitation,conservation,redevelopment, and economic development of this area are in the interest of public health, safety, and welfare of the residents of Ames; and, WHEREAS,currently,the Plan provides for tax abatement for renovation or new construction that reduces slum and blight, provides structured parking, or reuses historic buildings, while also increasing under-represented retail uses or adding brick to facades; and, WHEREAS, the 10-story building at 111 Lynn Avenue, within the Campustown Urban Revitalization Area, is subject to a City requirement that certain types of existing buildings install fire sprinkler systems to improve public safety; and, WHEREAS, when establishing this requirement, the Council approved a policy to provide abatement of the property taxes if installing the fire sprinkler system,along with any other improvements, adds more than 5%to the value of the building; and, WHEREAS, the City Council is now being asked to revise the Campustown Criteria Matrix to implement this policy for 111 Lynn Avenue, and the revision makes it clear that tax abatement requires either renovation or new construction or a required retrofit fire sprinkler system in an existing building;and, WHEREAS, if the revision is approved, then after completing improvements, including the required sprinkler system, the owners of 111 Lynn Avenue will apply for tax abatement; and, WHEREAS,the Council will review that request in its annual review of tax abatement in February, and staff is not aware of any other buildings in the Campustown Urban Revitalization Area that will be eligible under this criterion. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the amendment to the Campustown Urban Revitalization Plan to allow for fire sprinkler retrofitting is hereby approved. ADOPTED THIS 14'day of December, 2010. Z2 lane . Voss, City Clerk Xinn H. Campbell, Mayor Introduced by: Davis Seconded by: Larson Voting aye: Davis, Goodman, Larson, Orazem Voting nay: None Absent: Mahayni,Wacha Resolution declared adopted and signed by the Mayor this 14'day of December,2010.