HomeMy WebLinkAboutA004 - Resolution No. 08-205 adopted May 27, 2008 RESOLUTION NO. 08-205
RESOLUTION SETTING DATE OF PUBLIC HEARING
TO AMEND PLANS FOR URBAN REVITALIZATION AREAS IN SOMERSET
FOR THE CITY OF AMES
WHEREAS,in September 1997,the Council approved Urban Revitalization Area(URA)#7 for the
central,mixed-use portion of Somerset, and this URA allowed the use of tax abatement as an incentive to
develop three specific uses within the district; and,
WHEREAS, subsequent action by the Council on Urban Revitalization in Somerset included:
- in March 2001,an amendment to URA#7 and also established the Somerset URA,allowing a three-
year 100% tax abatement for single-family residential uses and for buildings constructed for the
retail sales of goods and services in both of these areas;
- with the build-out of all eligible properties,the tax abatement for single-family residential uses was
allowed to expire on May 2, 2004;
- in March 2005,the City Council amended the Urban Revitalization Plans for URA#7 and Somerset
URA to allow tax abatement for buildings constructed for single-family residential uses and for
buildings built for the retail sales of goods and services until July 1, 2008;
- in December 2005, Town Center West URA in Somerset was established providing for tax
abatement for buildings constructed for retail sale of goods and services,as defined in the Municipal
Code from May 1, 2001, until July 1, 2008; and,
WHEREAS, without further action by the Council, as of July 1, 2008,the only new tax abatement
in Somerset will be for buildings built for sit-down restaurants, grocery stores, and commercial buildings
with affordable residential units on the upper floors; and,
WHEREAS,staff is requesting that the City Council set the date for public hearing for July 8,2008,
to amend the plans for any and all of the Somerset URAs to address the deadlines.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that July
8, 2008, is hereby set for the date of public hearing to amend each of the plans for Urban Revitalization
Areas in Somerset as follows:to terminate Urban Revitalization Area#7 effective immediately;to amend
the Somerset Urban Revitalization Area to allow tax abatement for buildings constructed for retail sale of
goods or services, as defined in Table 29.501(4)3 of the Municipal Code,with a July 1, 2011,deadline for
construction;and,to amend the Town Center West Urban Revitalization Area with a July 1,2011,deadline
for construction of buildings for retail sale of goods or services, as defined in Table 29.501(4)3 of the
Municipal Code.
ADOPTED THIS 27'day of May, 2008.
Diane R. Voss, City Clerk 9nn . Campbell, Mayor
Introduced by: Mahayni
Seconded by: Doll
Voting aye: Doll, Mahayni, Popken, Rice
Voting nay: Goodman Absent: Larson
Resolution declared adopted and signed by the Mayor this 27'day of May, 2008.