HomeMy WebLinkAbout~Master - Downtown Revolving Loan Fund RESOLUTION NO. 01-091
RESOLUTION APPROVING
DOWNTOWN REVOLVING LOAN FUND
IN CONNECTION WITH THE DOWNTOWN DESIGN GUIDELINES
FOR THE CITY OF AMES,IOWA
WHEREAS, on December 5, 2000, the City Council reviewed a draft of the proposed
Downtown Design Guidelines and the proposed Downtown Revolving Loan Fund; and,
WHEREAS, staff was directed to continue the review in meetings with the Ames Historic
Preservation Commission,downtown business and property owners,and the State Historical Society;
and,
WHEREAS,it is staff s understanding that downtown business and/or property owners will
be required to comply with the Downtown Design Guidelines only if they choose to participate in
the Downtown Revolving Loan Fund Program or seek property tax exemption for building
improvements as part of the proposed Downtown Urban Revitalization Area; and,
WHEREAS, the $100,000 budgeted by the Council in FY 2000/01 for Downtown
improvement incentives would fund the Revolving Loan Fund Program, and the balance would be
supplemented by an additional $100,000 in FY 2001/02; and.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the proposed Downtown Revolving Loan Fund in connection with the Downtown Design
Guidelines is hereby approved.
ADOPTED THIS 6th day of March, 2001.
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Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Quirmbach
Seconded by: Hoffman
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 6th day of March, 2001.