HomeMy WebLinkAbout~Master - Support of proposed Reinvestment District Project RESOLUTION NO. 14-125
RESOLUTION SUPPORTING THE SUBMISSION OF A PRE-APPLICATION
FOR A REINVESTMENT DISTRICT PROJECT TO BE CREATED FOR THE
IOWA DESTINATION DEVELOPER'S PROPOSED DESTINATION
ATTRACTION AND RETAIL DEVELOPMENT AND AUTHORIZING THE CITY
MANAGER TO SUBMIT THE PRE-APPLICATION
FOR THE CITY OF AMES,IOWA
WHEREAS, during its 2013 session, the Iowa General Assembly passed HF 641, the Iowa
Reinvestment Act ("IRA"), which allows for the creation of redevelopment districts, where the
district would remit certain new state sales tax and hotel/motel tax revenues for unique
redevelopment projects that have a value of over$10 million and are located in either an enterprise
zone or an urban renewal area of the City; and,
WHEREAS, the IRA is administered by the Iowa Economic Development Authority
("IEDA"),pursuant to which the IDEA has the discretion to approve applications submitted by cities
and the IDEA has the authority to and has directed that any potential project submit a pre-
application,a feasibility study,an independent economic impact study,and other information to the
IDEA for pre-approval of potential projects; and,
WHEREAS,Iowa Destination Developers,LLC(the"Developer")desires to work with the
City to submit an IRA pre-application and create an urban renewal area to encompass a proposed
district located on 16th Street near Highway 30 and Duff Avenue,with the expenses required for the
filing of the pre-application, including the required financing feasibility study and independent
economic impact analysis, to be paid by the Developer;
NOW,THEREFORE,BE IT RESOLVED,by the City Council for the City of Ames,Iowa,
that:
1. The City hereby finds that the area in the proposed Reinvestment District is suitable for
development and hereby states its interest in establishing a district under the Iowa
Reinvestment Act;
2. The City hereby supports the filing of the pre-application prepared by the Iowa
destination Developers, LLC for the Reinvestment District Project reflected on the
proposed site plan as attached hereto as Attachment I and authorizes the City Manager
to submit such pre-application to the Iowa Economic Development Authority;
3. The City further hereby states it will initiate consideration for the creation of an urban
renewal area for the proposed Reinvestment District Project following the submission
of the pre-application to the Iowa Economic Development Authority.
ADOPTED THIS 4th day of March, 2014.
C:�� *,21_4 f
Diane Noss, City Clerk Arm H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Gartin
Voting aye: Gartin, Goodman, Nelson, Orazem
Voting nay: Corrieri, Absent: None
Resolution declared adopted and signed by the Mayor this 4`h day of March, 2014.
c
N
F
U
� o
co
rl
f No, ,
6"I'll"'i", 'Fll'�
� I
O'0
i
uJ
LL
O
$ �ate?
4-j I Z z
� p < V)
U § w
g.S Y Ti—� Q �3 F
a
0
Q N
LU
; a U Q�I+� "°"— 2 f ce
- ? Q W
--
LU
... ._ " � W
� 4 >J
LL
ON
Cl ��
N
a I m
a u
I
I
, I
I 'i I1