HomeMy WebLinkAbout~Master - Urban Renewal Plan initiation for Southeast 16th Street RESOLUTION NO. 14-181
RESOLUTION SETTING DATE OF PUBLIC HEARING
ON PROPOSED URBAN RENEWAL PLAN FOR
SOUTHEAST 16TH STREET
FOR THE CITY OF AMES
WHEREAS, at the March 4,2014,City Council meeting, staff was directed to initiate steps
to provide support for the redevelopment of properties along Southeast 161h Street between South
Duff Avenue and Dayton Avenue; and,
WHEREAS, this step was in anticipation of establishing a Reinvestment District under the
Iowa Reinvestment Act; and,
WHEREAS,the principal steps needed for the proj ect proposal were to endorse a preliminary
application submittal to the Iowa Economic Development Authority(IEDA)and to initiate the steps
for creating an Urban Renewal Area for the 23-acre site; and,
WHEREAS,the proposed development by Iowa Destination Developers is an approximately
$48 million commercial development consisting of a Menards, a new restaurant and hotel, and a
Field Station Dinosaurs Museum/Camp; and,
WHEREAS, a prerequisite application requirement to qualify for the incentive program is
that the proposed Reinvestment District must be within an Enterprise Zone or Urban Renewal Area
approved by the City Council, and, in this circumstance, the subject site is only eligible to be
designated as an Urban Renewal Area for economic development purposes; and,
WHEREAS, the City itself has no financial commitment or support associated with a
Reinvestment District, since it is solely funded by the state; and,
WHEREAS,upon formal approval of the incentive application by the IEDA Board,the City
may then adopt an ordinance establishing the Reinvestment District to facilitate the project; and,
WHEREAS, staff has prepared a time line for the adoption of the urban renewal plan and
creation of an urban renewal area; and,
WHEREAS, staff is requesting that the Council set May 27, 2014, as the date of public
hearing to consider the adoption of the urban renewal plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that staff is hereby directed to prepare the Urban Renewal Plan for the Southeast 16t' Street Area;
staff is to forward said Plan to the Planning and Zoning Commission; and,May 27,2014,is hereby
set as the date of public hearing on the Urban Renewal Plan.
ADOPTED THIS 8t'day of April, 2014.
CAI� 0 cf• C000,
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Orazem
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 8`h day of April, 2014.