HomeMy WebLinkAbout~Master - Approving the Plan for the Jemfour Urban Revitalization Area RESOLUTION NO. 99-398
RESOLUTION APPROVING THE PLAN FOR THE JEMFOUR URBAN
REVITALIZATION AREA
WHEREAS, the City staff has prepared a proposed plan for a proposed urban revitalization area to
be named the Jemfour 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 Jemfour 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:
1. That 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 of Iowa.
2. The revitalization plan for the said area, called the Jemfour Urban Revitalization
Area, as now on file, shall be and the same is hereby approved and adopted.
Done this 26th day of October, 1999.
By. Attested by:
Ted Tedesco, Mayor Diane R. Voss, City Clerk
R 144
URBAN REVITALIZATION PLAN
AREA 123 BEACH AVENUE
1. Property Addresses: (A)* 119 Beach Avenue, (B) 121 Beach Avenue, (C) 125 Beach Avenue, (D) 2013
Sunset Drive,(E)2017 Sunset Drive
2. Legal Description: LOTS 1, 2, AND 3 OF BLOCK 1, COLLEGE HEIGHTS SECOND ADDITION TO
AMES, STORY COUNTY, IOWA; AND THE NORTH 60' OF THE EAST 143' OF LOT 11 IN THE
NORTHWEST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9, TOWNSHIP 83 NORTH RANGE 24
WEST OF THE 5T" P.M., IOWA; AND BEGINNING AT THE SOUTHEAST CORNER OF LOT 10 IN
THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 9,TOWNSHIP 83 NORTH RANGE 24
WEST OF THE 5T" P.M., IOWA; THENCE THE NORTH 55'; THE WEST 129.55'; THENCE THE
SOUTH 55'; THENCE THE EAST 129.25 FEET TO THE PLACE OF BEGINNING, SUBJECT TO
EASEMENTS OF RECORD.
3. Assessed Valuation:
Land: (A)$35,200 Buildings: (A)$37,900
(B)$40,500 (B)NONE
(C)$41,800 (C)NONE
(D)$31,200 (D)$77,200
(E)$31,000 (E)$49,000
4. Owners:
Name: (A)JEMFOUR NINE,INC Address: 5020 ONTARIO STREET,AMES,IOWA
Name: (B)JEMFOUR NINE,INC Address: 5020 ONTARIO STREET,AMES,IOWA
Name: (C)JEMFOUR NINE,INC Address: 5020 ONTARIO STREET,AMES,IOWA
Name: (D)JEMFOUR NINE,INC Address: 5020 ONTARIO STREET,AMES,IOWA
Name: (E)JEMFOUR NINE,INC Address: 5020 ONTARIO STREET,AMES,IOWA
5. Zoning District and Classification: R-4(High-Density Residential District)
6. City Services: No enhancements are planned.
7. Applicability of Revitalization Benefits: Revitalization shall be applicable only to that subset of
eligible property within the residential classification that takes the form on a 31-unit
condominium with structured parking at 123 Beach Avenue.
8. Duration: Indefinite
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.
12. LandUse: (A)** R-50, 1-1/2 Story finished all ages; (B) C-10, Vacant Land; (C) C-10, Vacant
Land; (D) R-50, 1-1/2 Story finished all ages; (E) R-70 2-Story 1945 & older
13. Geocode: (A) 0909226070,(B) 0909226080,(C) 0909226090, (D)0909226100,(E)0909226110
*Letters(A),(B),etc.refer to that specific property throughout the document.
**(C-10,R-70,etc.)refer to the City Assessor's land use codes.
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