HomeMy WebLinkAbout~Master - Tax abatement eligibility for 127 Stanton Avenue RESOLUTION NO. 12-272
RESOLUTION APPROVING ELIGIBILITY FOR TAX ABATEMENT
IN CAMPUSTOWN URBAN REVITALIZATION AREA FOR 127 STANTON AVENUE,
SUBJECT TO EXECUTION OF RESTRICTIVE COVENANTS
FOR THE CITY OF AMES,IOWA
WHEREAS,each year,property owners who have developed,redeveloped,rehabilitated,or
remodeled property within the Urban Revitalization Areas of the city claim tax exemption for work
that has been done, as provided for in the Code of Iowa; and,
WHEREAS,Campus Acquisitions,the property owner of 127 Stanton Avenue,is requesting
prior approval for a 10-year tax exemption on increased value by the proposed improvements; and,
WHEREAS,the property is within the already-established Campustown Urban Revitalization
Area; and,
WHEREAS, to be eligible for tax abatement, the project must comply with the criteria
established by the approved Campustown Urban Revitalization Plan; and,
WHEREAS, before the pre-existing building was demolished, the Building Inspections
Division staff examined the building and determined that the building was a blight upon the
neighborhood and a public nuisance, and, therefore, complies with the City of Ames Urban
Revitalization Program definition of slum and blight; and,
WHEREAS, City staff has reviewed the building and site plans and determined that the
design meets the Urban Revitalization"design standards" criteria; and,
WHEREAS, to be eligible for tax abatement, a third set of criteria must be met for any
residential uses, and due to the specific facilities provided and the relationship of this site between
the Legacy Tower to the north and the bar to the south, the property owner has been working for
several months with the Police Department to make the proposed facility safe and secure; and,
WHEREAS,the City Council can give prior approval to tax abatement for the improvements
at 127 Stanton Avenue, subject to the following conditions: 1) the project is constructed in
compliance with the approved Minor Site Development Plan; and, 2) an agreement regarding the
operational and maintenance issues listed in Attachment E (as attached)is executed and presented
to the City Council prior to applying for tax abatement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the proposed eligibility for tax abatement for the improvements at 127 Stanton Avenue is hereby
approved, subject to two aforementioned conditions.
ADOPTED THIS 22°d day of May, 2012.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Larson
Voting aye: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22°d day of May, 2012.
Attachment E
Operations and Maintenance for Safety and Security Systems
The Resort, 127 Stanton, Ames, Iowa May 10, 2012
1. Supervise, operate and maintain key fob access control system allowing for specific
access rights to individual interior and exterior doors of the facility and the elevator.
Among the purposes of this activity is to allow access to the amenity areas only to
renters in properties owned by Campus Investors and to limit access to the entire
facility after open hours only by renters in 127 Stanton.
2. Maintain in proper working order and provide monitoring and supervision of an
infrared detection system for the exterior amenity area that detects intruders to any
part of the secure exterior area after hours. Take appropriate action in reference to
the intruders.
3. Maintain security lighting and maintain and monitor a camera system to detect
activities that endanger residents, damage property and violate lease conditions and
take appropriate action in response.
4. Maintain structures intended to prevent entry from neighboring properties and to
prevent objects being thrown into the property from neighboring areas.
5. Maintain screens to be installed on all balconies on the south-facing fagade of the
adjacent building to the north sufficient to prevent people jumping or falling from the
balconies and to prevent objects larger than 4 inches in diameter from being thrown
from balconies. Materials and connections will comply with specifications to be
approved by City staff. (This will need to be agreed to by the owner of the property to
the north and will need to be binding on future owners of that property.)
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