HomeMy WebLinkAboutA012 - Resolution No. 17-716 adopted December 19, 2017 RESOLUTION NO. 17-716
RESOLUTION APPROVING AMENDMENT TO EAST UNIVERSITY IMPACTED
AREA URBAN REVITALIZATION PLAN
FOR THE CITY OF AMES
WHEREAS,the City Council, at its November 28, 2017, meeting, directed staff to prepare
an amendment to the East University Impacted Area Urban Revitalization Plan; and,
WHEREAS,the direction was to include new construction of Greek residences as an eligible
criterion for tax abatement; and,
WHEREAS,the existing criterion of allowing for abatement for rehabilitation and expansion
remains; and,
WHEREAS, the Plan describes the criteria under which a Greek residence House can be
eligible for tax abatement on the incremental value of new improvements; and,
WHEREAS, the amended Plan includes no specific design criteria for eligibility for new
construction; and,
WHEREAS, staff is recommending that the Plan be amended to make new construction of
Greek residences eligible for tax abatement;expansion and rehabilitation of existing Greek Houses
would maintain their eligibility as long as 70 percent of exterior walls are retained.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the amendment to the East University Impacted Area Urban Revitalization Plan, which is to
allow tax abatement only for construction for new Greek residences recognized by Iowa State
University if they are built on a site that was formerly a Greek residence, is hereby approved.
ADOPTED THIS 19`h day of December, 2017.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Gartin
Seconded by: Corrieri
Voting aye: Corrieri, Gartin,Nelson , Orazem
Voting nay: Beatty-Hansen, Betcher Absent: None
Resolution declared adopted and signed by the Mayor this 19`h day of December, 2017.