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HomeMy WebLinkAboutA005 - Resolution No. 15-048 adopted January 27, 2015 RESOLUTION NO. 15-048 RESOLUTION APPROVING URBAN REVITALIZATION PLAN FOR 517 LINCOLN WAY FOR THE CITY OF AMES, IOWA WHEREAS, on December 16, 2014, the City Council determined that the Squeaky Clean Laundromat site at 517 Lincoln Way is eligible for designation as an Urban Revitalization Area (URA) under Section 404.1 of the Code of Iowa; and, WHEREAS, the City Council also determined that the site met the Council's Urban Revitalization Highway-Oriented Commercial Redevelopment Criteria,since the property has been vacant for more than seven years and redevelopment of the site was complicated by environmental contaminations; and, WHEREAS,the City Council directed staff to prepare an Urban Revitalization Plan for the Squeaky Clean Laundromat site and to set a date of public hearing for January 27,2015,to consider the URA Plan and an ordinance to designate the site as an Urban Revitalization Area; and, WHEREAS, the attached Urban Revitalization Plan identifies the project area, duration of the plan, tax abatement schedule, applicable uses, and assessed valuation, and it establishes the Council's Urban Revitalization Highway Oriented Commercial Redevelopment Criteria as a Plan requirement for this specific Urban Revitalization Area; and, WHEREAS, if the Urban Revitalization Plan is approved in 2015,the property owner may request a three-, five-, or ten-year abatement schedule starting with the 2016 taxes. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Urban Revitalization Plan for 517 Lincoln Way is hereby approved. ADOPTED THIS 271h day of January, 2015. C__,�? & A. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Corrieri Seconded by: Orazem Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 21' day of January, 2015.