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HomeMy WebLinkAbout~Master - Adoption of Urban Renewal Plan RESOLUTION NO. 09-019 Resolution to Adopt an Urban Renewal Plan WHEREAS the Ames City Council directed the City Manager to establish an Urban Renewal Area and to create a Tax Increment Finance District for an Urban Renewal Project on South Bell Avenue; and WHEREAS an Urban Renewal Plan (Plan) was created as required by Code of Iowa Chapter 403; and WHEREAS the Plan was referred to the Ames Planning and Zoning Commission which recommended that the Plan conforms with the Land Use Policy Plan of Ames; and WHEREAS the Ames City Council confirms that the Plan conforms with the Land Use Policy Plan; and WHEREAS the Ames City Council has determined that the proposed Urban Renewal Project is necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning standards and local community objectives; and WHEREAS the Plan was prepared in accordance with the requirements of Code of Iowa Chapter 403.17(24) in that the Plan: a) Conforms to the general plan for the municipality as a whole; b) Indicates the zoning changes, existing and future land uses, the local objectives respecting development related to the future land uses, and the need for public improvements within the Urban Renewal Area; and c) Includes a list of current debt obligations of the City, the current constitutional debt limit of the City, and the proposed amount of indebtedness to be incurred; and WHEREAS the City did publish a notice of public hearing stating this day as the date of said public hearing and conducted said public hearing, NOW 'THEREFORE, BE IT RESOLVED that the Ames City Council does hereby adopt the Urban Renewal Plan for Urban Renewal Area Number 5. Passed this 13th day of January , 2009. Diane Voss, City Clerk Ann H. Campbell, Mayor