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Home My WebLink AboutA001 - Urban Revitalization Plan URBAN REVITALIZATION PLAN Roosevelt School Site & City of Ames Park 921 9th Street 1. Property Address: 921 91h Street (see Attachment A, Location Map) 2. Leizal Descriptions: Roosevelt School Site: 2.21 Acres Parcel `A': Lots 5-9, Block 2 in Baird's Addition and Lots 9-13 and the North 55.00 feet of Lot 14, Block 26 in College Park Addition 2nd North, all in Ames, Story County, Iowa, and all being more particularly described as follows: Beginning at the Southeast Corner of said Lot 9, Block 26; thence N89❑29'28"W, 299.91 feet along the South line of said Block 26 to the Southwest Corner of said Lot 13; thence N00❑02'06"W, 110.08 feet along the West line thereof, thence N89❑29'12"W, 61.00 feet along the South line of the North 55.00 feet of said Lot 14 to the East line of Northwestern Avenue; thence N04❑48'22"W, 55.24 feet to the Northwest Corner of said Lot 14; thence S891129'12"E, 109.57 feet along the North line of said Block 26 to the Southwest Corner of said Lot 9, Block 2; thence N00❑03'21"W, 172.66 feet to the Northwest Corner of said Lot 9, Block 2; thence S89❑30'23"E, 249.89 feet to the Northeast Corner of said Lot 5, Block 2; thence S00003'32"E, 172.74 feet to the Southeast Corner of said Lot 5, Block 2; thence S89❑29'12"E, 6.00 feet to the Northeast Corner of said Lot 9, Block 26; thence S00❑02'49"E, 165.06 feet to the point of beginning, containing 2.21 acres City of Ames Park: 1.30 Acres Lots 1, 2, 3 and 4 in Block 2, Baird's Addition to the City of Ames, Story County, Iowa AND Lots 6, 7, and 8 in Block 26, College Park Addition North, City of Ames, Story County, Iowa 3. Assessed Valuation: Roosevelt School Site assessed value to be determined by the Ames City Assessor. Not applicable to the City-owned park land. 4. Owners Names and Addresses: Roosevelt School Site: • RES Development, Inc. 2519 Chamberlain Street Ames, Iowa 50014 City of Ames Park: • City of Ames 515 Clark Avenue Ames, Iowa 50010 5. Zonins District and Classification: "UCRM" (Urban Core Residential Medium Density) for land owned by RES Development, Inc. Property "S-GA" (Government/Airport District) for land owned by the City of Ames 6. City Services: No enhancements are planned. 7. Applicability of Revitalization: Revitalization shall be applicable only to that subset of eligible property within the above legal description that qualifies under the Roosevelt School Area Criteria for Urban Revitalization, see Attachment B (Resolution No. 13-265), and in accordance to the attached building and site plans, see Attachment C. 8. Duration: There is no end date. 9. Relocation: The plan does not require the displacement of any persons, and there will be no relocation benefits provided. 10. Percent Increase in Value Required: The value-added requirement is a five (5)percent increase in actual value. 11. Federal, State, or Private Grant/Loan Programs for Residential Improvements: There are no grants or loans for this urban revitalization project. 12. Existing Land Use: Vacant former school building 13. Geocodes: Roosevelt School Site and City Park Parcel ID & Lots: • 09-03-235-040 (College Park Add. 2nd North Lot 7 & W.44' Lot 6 Blk. 26) • 09-03-235-050 (College Park Add. 2nd North Lot 8 Blk. 26) • 09-03-235-060 (College Park Add. 2°d North Lots 9, 10, 11 & 12, Blk. 26) • 09-03-235-065 (Bairds Add. Lots 1-9 Blk. 2) • 09-03-235-070 (College Park Add. 2nd North Lot 13 Blk. 26) • 09-03-235-090 (College Park Add. 2nd North Lot 14 Blk. 26) 14. Tax Exemption Schedule: The exemption period is for either three (3) years, five (5) years, or ten (10) years. All qualified real estate is eligible for tax exemption of the value added by the improvements according to the terms of the exemption selected. The overall improvement value to the property will need to be at least 105% of the current assessed value to qualify for the program. Attachment A Location of URA c �r50"ht SYw� rye - 16TH ST ,.i.`. ''16T 5?�y��, $1UTH3I ah. - �Subject Property t - � E Location Map Roosevelt School Site Urban Revitalization Area N 0 55 110 220 330 Feet Attachment B RESOLUTION NO. 13-265 RESOLUTION ESTABLISHING QUALIFYING CRITERIA FOR DESIGNATION OF ROOSEVELT SCHOOL SITE AS AN URBAN REVITALIZATION AREA FOR THE CITY OF AMES, IOWA WHEREAS, on May 14, 2013, the City Council referred to staff a letter from Dean Jensen of Real Estate Service Group Incorporated (RESGI) requesting that the Council direct City staff to prepare a new Urban Revitalization Area (URA) designation for the adaptive reuse of the former Roosevelt School building at 921 9th Street; and, WHEREAS, the former Roosevelt School building has been listed on the National Register of Historic Places since March 2, 2010; and, WHEREAS. Code of Iowa Chapter 404.1 provides authority for municipalities to establish Urban Revitalization Areas and associated plans as the mechanism for providing tax abatement in a variety of areas; and, WHEREAS, this includes "An area in which there is a predominance of buildings or improvements which by reason of age, history, architecture or significance should be preserved or restored to productive use;"and, WHEREAS, to address RESGI's request, the City Council must first determine whether the Roosevelt School site meets the criteria described above, and if the Council determines that the Roosevelt School site meets the state criteria, the next step in designating the site as an Urban Revitalization Area is for Council to decide upon a policy establishing qualifying criteria; and, WHEREAS, in order to proceed further with the requested URA for Roosevelt School, Council must establish qualifying criteria for the proposed URA; and, WHEREAS, the area will be considered for establishing an Urban Revitalization Area and Plan if one of the properties meets all of the following criteria: a) the property includes a former public school building that is no longer used as a school; b)the National Park Service has determined that one or more of the properties has a structure that meets the National Register Evaluation Criteria; and, c) the renovation and remodeling of structures will not destroy or obscure essential architectural features, and, in addition, such architectural features must be enhanced to the extent that it is feasible and prudent to do so. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the establishment of the aforementioned qualifying criteria for the Roosevelt School site as an Urban Revitalization Area is hereby approved. ADOPTED THIS 11th day of June, 2013. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Davis Seconded by: Larson Voting aye: Davis, Goodman, Larson, Orazem, Szopinski Voting nay: None Absent: Wacha Resolution declared adopted and signed by the Mayor this 11th day of June, 2013. 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