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Home My WebLink AboutA007 - Resolution No. 15-717 adopted November 24, 2015 .r RESOLUTION NO. 15-717 RESOLUTION APPROVING URBAN REVITALIZATION PLAN FOR SOUTH WILMOTH AVENUE FOR THE CITY OF AMES WHEREAS, Breckenridge Group Ames, LLC, (commonly referred to as Breckenridge) is requesting the designation of 101, 105, 107, and 205 South Wilmoth Avenue as an Urban Revitalization Area; and, WHEREAS, the Urban Revitalization Area (URA) comprises the former north Middle School parcel (205 South Wilmoth Avenue), as well as three additional parcels (101, 105, and 107 South Wilmoth Avenue) acquired by Breckenridge; and, WHEREAS,the draft South Wilmoth Avenue Urban Revitalization Plan includes all of the materials required under Iowa Code, and includes the qualifying criteria selected by the City Council at its October 13, 2015, meeting; and, WHEREAS, as part of the final plan, staff has included minor changes to address administration of the URA and to clarify the intent. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofAmes, Iowa, that the Urban Revitalization Plan for South Wilmoth Avenue is hereby approved as attached hereto and made a portion hereof by this reference. ADOPTED THIS 24`h day of November, 2015. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Betcher Seconded by: Gartin Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 24"' day of November, 2015. •w Ames South Wilmoth Avenue Urban Revitalization Plan 2015 Amended and Approved by the Ames City Council on November 24, 2814 In accordance with Chapter 404, Code of Iowa Legal Description see Attachment 1: Location Map for Map Numbers Map# Parcel ID Address Legal Description 1 09-08-225-020 205 S Wilmoth Ave. Parcel M of Garden Subdivision Lots 5- 13 and a part of the Northeast Quarter (NE '/4) of Section Eight (8), Township Eighty-three (83) North, Range Twenty- four (24)West of the 5th P.M., in the City of Ames, Story County, Iowa as recorded on Slide 483, Page 4 as Instrument No. 2014-00003844 in the Office of the Story County Recorder 2 09-08-225-040 101 S Wilmoth Ave. Lot One (1), except the South four (4) feet thereof, in Block One (1) in Garden Subdivision of the North 201.9 feet of the Northwest Quarter(NW'/4) of the Northeast Quarter (NE %) of Section Eight (8), Township Eighty-three (83) North, Range Twenty-four (24)West of the 5th P.M., in the City of Ames, Story County, Iowa 3 09-08-225-050 105 S Wilmoth Ave. The South four (4) feet of Lot One (1), Block One (1) in Garden Subdivision of the North 201.9 feet of the Northwest Quarter (NW'/4) of the Northeast Quarter (NE '/4) of Section Eight (8), Township Eighty-three (83) North, Range Twenty- four (24) West of the 5th P.M., in the City of Ames, Story County, Iowa and Lot Two (2), Block One (1) in Garden Subdivision of the North 201.9 feet of the Northwest Quarter(NW'/4) of the Northeast Quarter(NE '/4) of Section Eight (8), Township Eighty-three (83) North, Range Twenty-four (24)West of the 5th P.M., in the City of Ames, Story County, Iowa � 1 � 4 09-08-225-060 107 S Wilmoth Ave. Lot Three (3), Block One (1) in Garden Subdivision of the North 201.9 feet of the Northwest Quarter(NW'/4) of the Northeast Quarter (NE '/4) of Section Eight (8), Township Eighty-three (83) North, Range Twenty-four (24) West of the 5th P.M., in the City of Ames, Story County, Iowa Assessed Valuations Map# Land Value Building Value Total Value 1 $350,000 $0 $350,000 2 $76,300 $73,700 $150,000 3 $31,100 $71,900 $103,000 4 $30,000 $62,500 $92,500 Owners and Addresses Map# Owner Name Owner Address 1 Breckenridge Group Ames Iowa LLC 1301 S Capital of Texas Highway, Ste. B201, Austin TX 78746 2 Breckenridge Group Ames Iowa LLC 1301 S Capital of Texas Highway, Ste. B201, Austin TX 78746 3 Breckenridge Group Ames Iowa LLC 1301 S Capital of Texas Highway, Ste. B201, Austin TX 78746 4 Breckenridge Group Ames Iowa LLC 1301 S Capital of Texas Highway, Ste. B201, Austin TX 78746 Zoning and Land Uses See Attachment 2: Zoning of Proposed URA Existing Proposed Map# Zoning Land Use Zoning Land Use 1 RL Vacant RH or Commercial Commercial and High Density 2 RH, O-UIW Apartments RH High Density Residential 3 RH, O-UIW Apartments RH High Density Residential 4 RH, O-UIW Apartments RH High D nsity Residential RL=Low Density Residential RM=Medium Density Residential O-UIW=West University Impacted Overlay Proposed Expansion of Services The proposed urban revitalization area will continue to receive all services from the City of Ames. There is no proposed extension or increase in the level of service. Applicability Revitalization is applicable only to new construction and only in conformance with the approved site development plan and that the principal buildings have received building certificates of occupancy. Revitalization is available to all allowed uses on the site that meet the qualifying criteria found in Attachment 3 of this Plan. — 2 — Relocation Plan There are no occupied residential structures in the proposed area. No relocations are anticipated, in the event relocation is necessary it is at the sole expense of the property owner. Tax Exemption Schedule The property owner may choose one of the following options: The exemption period for ten (10) years. The amount of the partial exemption is equal to a percent of the Actual Value added by the improvements, determined as follows: For the first year 80% second 70% third 60% fourth 50% fifth 40% sixth 40% seventh 30% eighth 30% ninth 20% tenth 20% The exemption period for five(5)years. For the first year 100% second 80% third 60% fourth 40% fifth 20% The exemption period for three (3) years. All qualified real estate is eligible to receive a 100%exemption on the Actual Value added by the improvements for each of the three years. Required Increase in Valuation The project shall require an increased in assessed valuation of at least fifteen percent. Federal, State or Private Funding No federal, state, or private funding (other than the developer's financing) is anticipated for this project. Duration The Urban Revitalization Area shall expire on December 31, 2021. All projects seeking tax abatement must have been completed prior to expiration. Projects already determined to be eligible for tax abatement shall continue to receive tax abatement consistent with the chosen schedule for abatement and in accordance with state law. Additional Criteria project must be consistent with City e eligible for tax abatement a Y In order to b p J 9 ordinance and also meet the criteria in Attachment 3. — 3 — ATTACHMENT 1: LOCATION OF PROPOSED URBAN REVITALIZATION AREA w a W 0 Q o x o o J J LINCOLN WAY I wAw Q 0 / J N i i g o `# _ 2 0 0 00 � A mes N Feet � 4 � ATTACHMENT 2: ZONING OF PROPOSED URBAN REVITALIZATION AREA LU 7 uw O IQ HOC w RL o O J 'J O v LINCOLN WAY 2 RH 1 3 4 W RL O J_ RL c o RL RL J J_ 2 of oo .fir► Flmes N Feet ATTACHMENT 3: ADDITIONAL QUALIFYING CRITERIA 1. All buildings shall use clay brick as the principal building material for 80 percent of the street facing facades, excluding openings. The remaining facades shall incorporate clay brick or cut stone into 50 percent of the fagade materials. In the event that a building is behind another building and is set back at least 200 feet from Wilmoth Avenue or Lincoln Way, such building requires 80 percent brick on only one fagade and 50 percent on all other facades. 2. Buildings used solely for residential and accessory uses shall utilize hipped or gabled roofs. Mixed-use buildings are exempt from this standard. 3. The project shall provide additional commercial parking in excess of the retail/office parking rate of 3.3 spaces per 1,000 square feet of gross commercial floor area. A minimum of 20 percent of the commercial floor area shall provide parking at a rate of 9 spaces per 1,000 square feet of gross commercial floor area for the first 30,000 square feet of gross floor area. 4. A clubhouse, as defined in the Zoning Ordinance, shall not be permitted on the ground floor of a commercial mixed use building. 5. Ground floor commercial uses of mixed use buildings must be a permitted use of the HOC base zone for Office Uses; Retail Sales and Services Uses; Entertainment, Restaurant, and Recreation; and miscellaneous use of childcare. 6. Typical commercial tenant footprint shall have a minimum depth of 40 feet. 7. Commercial areas shall have a floor to ceiling height of a minimum of 12 feet. 8. Primary entrances to residential buildings shall include covered entries with architectural enhancements increasing the buildings visual interest and identifying the entrance. 9. The residential project shall receive and maintain certification for the Iowa Crime Free Multi-Housing Program administered by the Ames Police Department. 10.The project shall utilize a Sign Program for commercial tenants that provide a cohesive design and lighting style to the site. Sign Program will allow for wall signage per the Sign Code. If a commercial ground sign is constructed, it is restricted to a single monument sign along Lincoln Way and shall include a decorative base compatible with the commercial buildings finishes and have an opaque sign face background. The Sign Program must be approved by the Planning Director. 11.The project shall provide landscape buffering with the L3 and F2 standards in a minimum of a 10-foot-wide planter along the perimeter property lines of the site. — 6 — 12.The project shall provide street trees, per City specifications, along Wilmoth Avenue. 13.There shall be no balconies facing the south, west or east on the perimeter of the project or adjacent to Lincoln Way. — 7 —