The URL can be used to link to this page

Home My WebLink AboutA002 - Resolution No. 18-281 adopted May 8, 2018 RESOLUTION NO. 18-281 RESOLUTION APPROVING PLAN FOR 415 STANTON AVENUE URBAN REVITALIZATION AREA FOR THE CITY OF AMES WHEREAS, City staff has prepared a proposed plan for a proposed urban revitalization area to be named the 415 Stanton Avenue Urban Revitalization Area as described in the proposed plan attached hereto; and, WHEREAS,a public hearing was scheduled and notice given to owners of record of real property located within the proposed 415 Stanton Urban Revitalization Area and,to the tenants and occupants living within the said proposed urban revitalization area pursuant to and in accordance with Section 404.2(3), Code of Iowa. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,that 1) it is found that the rehabilitation, conservation, redevelopment, economic development, or a combination thereof with respect to the said area is necessary in the interest of the public health, safety, or welfare of the residents of the City and the area meets the criteria of Section 404.1,Code oflowa;and, 2)the Revitalization Plan for the said area, called the 415 Stanton Avenue Urban Revitalization Area, as now on file, shall be and the same is hereby approved and adopted. ADOPTED THIS 8tn day of May, 2018. Diane R. Voss, City Clerk John A. Haila, Mayor Introduced by: Betcher Seconded by: Gartin Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 8" day of May, 2018. I i ATTACHMENT A: DRAFT URA PLAN LSTY OF .h Ames Urban Revitalization Plan Approved by the Ames City Council on 52018 In accordance with Chapter 404, Code of Iowa Legal Descriptions (See Attachment 1: Location Map) 415 Stanton Avenue PARCEL D, LOTS 2-7 (EX S 5' LOT 7) W.T.SMITH'S ADDITION &E 15' LOTS 3-8 (EX S 15', E 15' LOT 8) LEE & LITTLE'S ADDITION, CITY OF AMES, STORY COUNTY, IOWA. Owners and Addresses Property Owner Name Owner Address Parcel D The Crawford Ames, LLC 2519 Chamberlain St., Ste 101 Ames, IA 50014-2525 Assessed Valuation Property Land Value Building Value Total Value Parcel D 75,000 0 75,00 Zoning and Land Uses (See Attachment 2: Zoning of Proposed URA) Existing Property Zoning Land Use Parcel D RH Residential High Density 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 this site provided that qualifying criteria found in Attachment 3 of this Plan are met. 4 Relocation Plan There is only one building within the boundaries of the URA the building is to be retained and renovated to a residential use as condition of the Zoning Agreement. No relocations will occur. 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, 2020. 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 In order to be eligible for tax abatement, improvements must be consistent with City ordinances and also meet the criteria in Attachment 3. 5 § ATTACHMENT 1: LOCATION OF PROPOSED URBAN REVITALIZATION AREA -t to- gIV ram * ta 25 a,t a? n�,`• 9'aT xA 3 k5 ✓ r '. ifW- Mte r rig � 4 r � i� ? .�^•£� �.1 �: t r: a fir a� 1 r ..rN�'� r F & '. � ,� + ��^" rx BAfFEFbST +� ✓?� ,� w ;,�'€ „�`�� ,A. °u �,,* �Q t � ,�• �* �x -r �. �v�a '��`� *,'.ra�sas�.� ,� ti � r `4�r Y X . " *� .. r P `S .g ; fir`✓� p �. . Location Map 415 Stanton Avenue 6 ATTACHMENT 2: ZONING OF PROPOSED URBAN REVITALIZATION AREA fWq ya w �' K w KtAPPSTj Kt1APP5,T,j - KHAF SV tR it Lill `Y rct f l p, AF Ry a te. z y t k ,� a C > d m3 , � f m n Zoning Map 415 Stanton Ave n u e 7 ATTACHMENT 3:ADDITIONAL QUALIFYING CRITERIA 1. The building is no longer occupied as a public school, and has not been converted to another use prior to designation as an Urban Revitalization.Area; and, 2. Structured parking (enclosed garage parking) is provided on site with at least one covered stall per unit; and, 3. The character of the existing building on the south and east elevations is maintained and preserved. The proposed addition matches the architectural style of the existing building. 6. The original school structure will remain, and historic materials will be preserved or adaptively reused when possible. This includes a requirement that 100% of the exterior walls of the south and east fagade of the existing building remains brick. 4: The site and building substantially conforms to the site and architectural plans approved by the City Council as part of the URA Plan. 8 5 _ i ISO mum — �N, f 0 ffiIT OR hi 11 a i Ilng as U859 pia 86E8 II �tlL'I'„'�` wa NO �, ,�� 7�.�� € �i � � �1. Li �E a'" �•-. 4g��2 aE��t€7;EL� INS mg WON a w 1 0019 � �• #45$i5FL � � THE WEST PORTION OF THE ROOF PROFILE SUBJECT TO _ /—CHANGE DEPENDENT ON SlRUCTURAL REQUIREM ENTS j lzwml u I �1 NORTH ELEVATION �l SOUTH ELEVATION Y SCALE:1]]••1'-D• SCALE:]n3'•1'-0• THE WEST PORTION OF THE ROOF PROFILE SUBJECT TO CHANGE DEPENDENT ON STRUCTURAL REQUIREMENTS 7�7 �W PN , __.. '�� "fi`�i�s '•s L" ��w i' «3`�Z't � i '� '�� INN 5 s _ - -'� �� Teri,= � ,*�� al::, �� 1 � ?�T — L WEST ELEVATION SCALE:3l]]'•1'-0• 1 � �m �a•� - �, rW {; .r�, a % ;# �I ESN rt .�"'^ -� -!: .� � �,;'� �; 7�'y2.:,•a v .� �, �. �., �..• r� x+ap� "�� v ��„w,� ��,� ,��: ..err, �txe� �, �s.. _ t'z 1`a �IIa�- � T8£w � R J F ^.Z'4�^ ',.�zank� d*'Ft�kp''�`Fk a•i .. r : z�=6`�`.vT, i'�€�';... :,_ ._ ..... _. .,. .*z...�2.._ w."�: :... .. `„.,_ _ "dak*"'w, ". - .". -s - .::e_� •,a -��s �'��•� '�:�X e.� � �,K .m+aa",',�,�*� rjEAST ELEVATION SCALE:1S2••1'd I I FRIEDRICH I Elevations JCorp, inc r . .&m t� P�=�E�G� �1.�osaJER,o�� The Crawford RES DEVELOPMENT 03 / 22 / 201 8