HomeMy WebLinkAboutA002 - Council Action Form dated August 9, 2005 Item #:
Date: 08/09/05
COUNCIL ACTION FORM
SUBJECT: REQUEST FOR DESIGNATION OF AN URBAN REVITALIZATION AREA
FOR PROPERTY LOCATED AT 4509 AND 4512 TWAIN CIRCLE.
BACKGROUND:
On June 8, 2005, the City of Ames received a Request for Designation of Urban
Revitalization Area for property located at 4509 and 4512 Twain Circle. Submitted with this
application is a site plan for three (3)three-story 18-unit apartment buildings of wood/vinyl
and masonry (brick)construction with 94 parking spaces being provided. These buildings
would be constructed on two lots that currently have a farmhouse and several outbuildings
in poor condition.
The action to be taken by the City Council is to determine if the request meets the
conditions for eligibility under the Urban Revitalization Multiple Family Residential Criteria
Matrix. If the City Council determines that it meets the criteria, a date of public hearing
needs to be set for approval of the request and staff should be directed to prepare an
Urban Revitalization Plan.
ANALYSIS:
The applicants have submitted a Request for Designation of Urban Revitalization Area for
4509 and 4512 Twain Circle under the Multiple Family Residential Criteria Matrix (see
attached request). Staff has determined that the request is complete and the information
submitted is correct. The applicant indicates that there is a farmhouse and several
outbuildings in poor condition that were once part of an agricultural operation that will be
removed as a result of the apartment construction.
The total current assessment for the property is $377,800,with a taxable value of$181,209
(47.9642% rollback), and the total tax revenue is currently $5,600 (30.91 tax rate). The
estimated cost of the new multi-family (condo regime) building is approximately
$2,900,000, with an estimated taxable value of $1,390,962. The estimated future tax
annual revenue without abatement would be $42,990.
The following analysis is from the building value estimated by the property owner and the
established land value by the Ames City Assessor. The projected tax rate on the
remaining taxable value is the current tax rate, with no change being taken into
consideration over a 10-year analysis period on the value of the property, time value of
money, and the rate of taxes.
The taxes deferred and collected analyzing the three different tax schedules are listed
below based on the following valuation:
Estimated Value $2,900,900 Tax rate/$1,000 Valuation = $30.91
Land value $ 377,800
Total Value $3,245,080
Yearly tax revenue on improvements,
existing value = $48,106
No Tax exemption over a 10 year period= $481 ,060
_.
Taxes Exempted Taxes Paid Over
Per Schedule 10 Year period
3-YEAR $110,715 $370,345
5-YEAR $110,715 $370,345
10-YEAR $162,381 $318,679
Required Conditions.
The conditions for eligibility under the Multiple Family Residential Criteria Matrix mandate
that the property must display one of two required conditions before it can be determined
that the property is eligible to be considered further. These two threshold conditions are:
- Slum and Blighted
- Underutilized
The applicant has indicated that the site is underutilized in its present
condition.
To meet the underutilized condition of the matrix, the property has to meet the following:
- Properties that are vacant in an in-fill area and were previously developed and
have had the principal structure removed; or
- Properties that are non-conforming with respect to the base zone must be
brought into compliance; or
- Properties that are non-conforming with respect to the flood way fringe must be
brought into conformance with applicable flood plain regulations.
• It is staff's belief that the applicant's request meets the underutilized
requirement in that the current farmstead and outbuildings are non-
conforming with respect to the base zoning of Residential High Density(RH).
The applicant has submitted a site plan and elevation drawing showing conformance to the
optional required conditions in the matrix (see attached documents).
2
Staff believes the applicant meets the required conditions as follows:
100% street face and 50% of all sides of the structure shall be faced with
brick or a similar masonry material, and
• Landscaping improvements installed at 150% of the required landscaping
standard or greater.
ALTERNATIVES:
1 . The City Council can determine that the Request for Designation of Urban
Revitalization Area for 4509 and 4512 Twain Circle meets the conditions for
eligibility and seta date of September 13, 2005 for public hearing for approval of the
request. City Council can also direct staff to prepare the Urban Revitalization Plan.
2. The City Council can determine that the Request of Designation of Urban
Revitalization Area for 4509 and 4512 Twain Circle does not meet the conditions for
eligibility.
3. The City Council can refer this request back to staff for additional information.
CITY MANAGER'S RECOMMENDED ACTION:
It has been determined that the applicant has met the required underutilized condition from
the Multiple Family Residential Criteria Matrix. It has also been determined that the
proposed project meets the optional condition of the matrix for brick materials and
landscaping. The proposal should be allowed to proceed to the next step in the process,
which is for the City Council to set a date of public hearing for approval of the request.
Therefore, is the recommendation of the City Manager that the City Council adopt
Alternative#1. This action will approve the request for Designation of Urban Revitalization
Area Plan for 4509 and 4512 Twain Circle, directing staff to prepare an Urban
Revitalization Plan, and set a date for a public hearing for September 13, 2005.
COUNCIL ACTION:
Attachment
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THIRD ADDITION, DAUNTLESS SUBDIVISION
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HILLSIDE 2nd ADDITION �I
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_-____-_-_. _._WEBSTER STREET
,) 10
Lot Areas
MWAor,, Lot S Fl. Acres � 15 14 13 12 '``��.
11 POINT a�.-..BEGINNING
IL1.,o1TO es .los_ Z v' 90'00'00" - 357.00'
TOP 243 326 339 540 12 1 I 1-; 72
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also' 64.w' Sd-Is ns.a• 1/ nz.v 45'
[CUR YE DATA Z $z ;I
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Property Line Curve Data `I s s $
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Lot Radius Chord Chord Beorinq Delta - •_
8 +0.3 1 00 00 30'IN 00 00 N
ITAs_—D—oa w :5 TWAIN s' CIRCLE —
I.1I + �90'00'00 i I�7 N9a00'0a•E I.: t1561
N 8'-7J` $;lit 't` 5 I • Z + S
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A l ]8'3B 11 W I fi '-S7' a 259 S900a00- - 150.00' O
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SCALE• 1 50• 1 O r 5 2131 28 o
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SOIL BORINGS: I 9 p ,15 °+•• W
°Soil borings are required in areas within the site, ct ® to
which hove been identified by the City as having I k O
soils that make construction of buildings difficult." ----- -•--•--.._... �" f C
)66
ACCESS: .+� o =
There shoal be no private drive access '.i 8 " ro
to any lots from South Dakota Avenue." D I �_ M1'P p >
Div _�S• - O
Note: / l� ; 5'Drainage
"The existing drives to Lot 9, shall be I
_z41 i____es.00_-_ -----_-Eby_____-.__-Ay__=?_??_ _ y
removed upon completion of construction, _ �!/ --• \ l66 1 l6) I� 71dE acceptance of the povintq for Twain e..lai' N8953'37W - 357.38'Circle by the City of Ames. TC:ACREAGE: 4.4483 Acres
(193,770 Sgoare Feet) 76 5 4 45'
/ j3 2 1
LEGEND: �_-_._.___ i ]6��_ . utility Easements
XX Nou]e Number I �"�----._.___ • _i STEIN_BECK STREET_
A e Secllon Corner os noted _.........._.__...._-,..
- Sel 1/2'] 30"Iron pin"/cap f6136 '"'-•--....__�,_ W I
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o � Foane tran pl. r0anument nmea ` � _._._._._-�------i.._.-._..--'-'_'--•_�.---__._.__
or Set 5/8 a 30'Iran pin w/tap/8136 �p`eD
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ZONING: R-2 (Lots 1-5)
R-3 (Lots 6-9)
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JUN 0 8 2005
. a
GI7Y OF AMES, IOWA
OEPT] OF PLANNING & HOUSING
DESCRIPTION:
A Replat of Oullols "Y" and "Z", First Addition, Dauntless Subdivision; in the East-half (1/2) of NE Cj."
Section 7 - T83N - R24W of the 5th P.M., in the City of Ames, Story County, Iowa; more particularly
described as follows: F•""d S-11 nx Nml
s•some 1 cl-11in•
"Commencing at the Northeast (NE) corner of the Southeast Quarter (SE 1/4) of Section�7 - e'Nn•I.".e"n"•d
T83N - R24W of the 5lh P.M., in the City of Ames. Story County. Iowa; thence N00'00'00"E, 340.15 91-on9s
feet along the east line of the NE 1/4 of sold Section 7; thence S90'00'00"W, 45.00 feet to the
Northeast (NE) corner of Oullot 'Y", First Addition, Dauntless Subdivision and the Point of Beginning;
thence continuing S90'00'00"W. 357.00 feet along the north line of said First Addition, to the
Northwest (NW) corner of Outlot 'Y"; thence S00'00'00"W, 543.00 feet along the west line of Outlots
'Y" and "Z", to the Southwest (SW) corner of Oullot "Z"; thence N89'53'37"E, 357.38 feel along the
south line of Outiot "Z", to the Southeast (SE) corner thereof; thence 1,100'06'23"W, 202.14 feet along
the westerly right-of-woy of South Dakota Avenue; thence N00'00'00"E, 340.20 feel continuing along
,he westerly right-of-woy of South Dakota Avenue, to the Point of Beginning."
CERTIFICATION:
I hereby certify that this land surveying dpcumenl was prepared and the ADMINISTRATIVE PLAT
related work was performed by me or under my direct personal supervision, in
FEBRUARY. 1999; of the request of Everett W. and Marjorie L. Cochrane; 207 THIRD ADDITION,
Stanton Avenue, Ames, Iowa 5001 4-1099; and that it is o true and correct
representation of the lands surveyed, and that permanent control monuments, DAUNTLESS SUBDIVISION
.
with a surveyor's morker, have been established at each controlling corner of
the parcels as subdivided; and that I am a duly Licensed Land Surveyor under to
the Lows of the Stole of Iowa. AMES, IOWA
A Replot of Outlols "Y" & "Z",
First Addition, Dauntless Subdivision.
Kenneth D. Janssen P.E., L.S. 18136
License renewal date: 12-31-99
EP-File 99003 February, 1999 ENGINEERING PLUS, Inc.
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August 3, 2005
Ames City Council;
My name is Keith Arneson and I am making a request for urban revitalization and tax
abatement on a property located on Twain Circle. I watched Mr. Chester's application on
July 12th and wanted to address some issues raised as part of that discussion.
Project Summary:
The land in question is located on Twain Circle and includes an old farmhouse and barn.
Ev Cochran owned this parcel of land until June of 2004 when it was sold to Dickson
Jenson who sold it to me in the spring of 2005.
I am proposing to build three 18-unit condominium buildings on Twain Circle. The three
buildings will house 12 one-bedroom condos and 6 two-bedroom units. I have the
condominiums priced at $74,900 for a one bedroom and$119,900 for a two bedroom. I
believe this to be as affordable as anything new you can buy in Ames. The building will
have an exercise room, lobby area,basement storage and storm shelter as well as garages.
Residents can pick all their own custom options as well as cabinet, carpet, vinyl,
countertop and paint colors. I believe this will be an attractive, affordable housing option
with choice.
"Matrix" Comments
Slum and Blighted:
❑ The property is home to a house built in 1896.
❑ Since 2000, the house has been assessed as having no value.
❑ There has not been a letter of occupancy on the structure as far back as the
inspections office has records (1999).
❑ The house has been abandoned for years.
❑ The house has been vandalized and much of the woodwork, including large floor
registers as well as stair handrails and steps, are missing.
Underutilized:
❑ This piece of ground currently has a maximum capability of one three-bedroom
dwelling unit on 79,732 square feet of land.
Building Finish:
❑ I would be willing to finish the exterior in brick and meet the landscape
requirements of the matrix.
Additional Information:
❑ The building does not appear to be historically significant.
❑ The cost of high-grade vinyl siding is $2.10/SF and the cost of brick is $12.00/SF,
both including materials and labor. This would translate to a$48,000 difference to
put brick on 50% of this 100'x60' three story building instead of vinyl.
❑ I am the owner of an apartment building at 150 Campus Avenue. This apartment
building was one of the first buildings to be built under the new matrix. I would
like to note that in addition to brick and landscaping, I constructed a building with
Pella windows, steel siding, gables and brick detail well above the minimum
requirement. What I am trying to say is that I take pride in the ownership of my
projects and intend to make the Twain Condominium building even better than
our 150 Campus project. I would hope the design, appearance, materials and
construction of a new building would have bearing above and beyond the cost of
brick and landscaping and its comparison to the value of the tax abatement.
❑ I am not asking for abatement to build more apartments.
❑ This condominium project will be worth much more in tax revenues then an
apartment building of the same size would.
❑ The current house is not only blighted but is also unsafe. I would ask that the
Council consider the abatement on the basis of underutilization so that I could
take the house down as soon as possible. I have sealed the entry doors and
windows but the house keeps getting broken into. I am concerned about my
liability especially with the stairs and open flooring in their current condition. I
was told by the City planning staff that this proposal would be before the Council
in June so I would appreciate the ability to remove the house as soon as possible.
Thank you for you consideration in this matter.
Respectfully Submitted,
Keith D. Arneson
3118 Aspen Road
Ames, Iowa 50014
515-291-5050 (cell)