The URL can be used to link to this page

Home My WebLink About2020-11-02-H02 Waukee Consolidated URP Amendment 4_PH AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: November 2, 2020 AGENDA ITEM: Public Hearing on a proposed Urban Renewal Plan for an Amendment No. 4 of the Waukee Consolidated Urban Renewal Plan in the City of Waukee, State of Iowa FORMAT: Public Hearing SYNOPSIS INCLUDING PRO & CON: The City Council adopted Amendment No. 1 to the Waukee Consolidated Urban Renewal Plan in early November 2019 followed by Amendment No. 2 in January 2020 and Amendment No. 3 in July 2020. The proposed Amendment No. 4 includes both the addition and removal of certain property from the Urban Renewal Area. The amendment also includes an update to the list of previously approved projects as well as an update to the list of eligible urban renewal projects. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff held a consultation meeting with the County and the affected school district(s) involved in the Plan area to review the proposal on October 12, 2020. No one attended the meeting. RECOMMENDATION: Hold the Public Hearing. ATTACHMENTS: I. Proposed Amendment No. 4 to Waukee Consolidated Urban Renewal Plan PREPARED BY: Brad Deets REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: Dallas County News DATE OF PUBLICATION: October 29, 2020 H2 - 1 - FINAL 093020 AMENDMENT NO. 4 to the WAUKEE CONSOLIDATED URBAN RENEWAL PLAN for the WAUKEE CONSOLIDATED URBAN RENEWAL AREA Gateway Economic Development Urban Renewal Area, Waukee West Urban Renewal Area, and Waukee Central Urban Renewal Area CITY OF WAUKEE, IOWA Amendment No. 1 – November 2019 Amendment No. 2 – January 2020 Amendment No. 3 – July 2020 Amendment No. 4 – November 2020 - 2 - FINAL 093020 AMENDMENT NO. 4 to WAUKEE CONSOLIDATED URBAN RENEWAL PLAN CITY OF WAUKEE, IOWA INTRODUCTION The City of Waukee, Iowa (the “City”) adopted Amendment No. 1 to the Waukee Consolidated Urban Renewal Plan (“Plan” or “Urban Renewal Plan”) by Resolution No. 19-402 on November 4, 2019, in order to consolidate the City’s previously established Gateway Economic Development Urban Renewal Area, Waukee West Urban Renewal Area, and Waukee Central Urban Renewal Area into the Waukee Consolidated Urban Renewal Area (“Area” or “Urban Renewal Area”). The Urban Renewal Plan was amended in January 2020 (Amendment No. 2) and July 2020 (Amendment No. 3). The Plan is being further amended by this Amendment No. 4 (“Amendment” or “Amendment No. 4”) to remove certain undeveloped or underutilized real estate from the Area to the extent described hereinafter, to add real estate to the Area to the extent described hereinafter, and to add and/or confirm the list of previously approved projects and the list of eligible urban renewal projects. The material changes made by this Amendment No. 4 are the following:  Removing the property described as the “Amendment No. 4 Area Removal”;  The addition of the Area described as “Amendment No. 4 Area Addition”;  Previously Approved Urban Renewal Projects is updated and revised, page 3;  Eligible Projects is updated and revised, page 8;  Financial Data is updated and revised, page 9;  Exhibit A contains a legal description of the property being removed (“Amendment No. 4 Area Removal”);  Exhibit B contains a legal description of the property being added (Amendment No. 4 Area Addition”);  Exhibit C contains a Map of the Waukee Consolidated Urban Renewal area including the Amendment No. 4 Area Removal and Amendment No. 4 Area Addition. - 3 - FINAL 093020 Except as modified by this Amendment, the provisions of the Urban Renewal Plan, as previously amended, are hereby ratified, confirmed, and approved and shall remain in full force and effect as provided herein. In case of any conflict or uncertainty, the terms of this Amendment shall control. Any subsections in the Plan, as previously amended, not mentioned in this Amendment shall continue to apply to the Plan, as amended. DESCRIPTION OF THE URBAN RENEWAL AREA The legal description of the property being removed from the Waukee Consolidated Urban Renewal Area is attached hereto as Exhibit “A”. The legal description of the property being added to the Waukee Consolidated Urban Renewal Area is attached hereto as Exhibit “B”. A map of the Amendment No. 4 Area Removal and Amendment No. 4 Area Addition is attached as Exhibit “C”. AREA DESIGNATION The City of Waukee continues to designate the Urban Renewal Area, including the Amendment No. 4 Area Addition, as an area that is appropriate for the promotion of economic development, both commercial and industrial. DEVELOPMENT PLAN Waukee has a general plan for the physical development of the City as a whole outlined in the Waukee Comprehensive Land Use Plan, adopted in 2019. This Urban Renewal Plan, as amended by Amendment #4, is in conformity with the 2019 Comprehensive Plan, and the land use policy and priorities that were adopted as part of the planning process. This Urban Renewal Amendment does not change or in any way replace the City's current land use planning or zoning regulation process. The need for improved traffic, public transportation, public utilities, recreational and community facilities, or other public improvements within the Urban Renewal Area is set forth in this Plan, as amended. As the Area develops, the need for public infrastructure extensions and upgrades will be evaluated and planned for by the City. UPDATE TO PREVIOUSLY APPROVED URBAN RENEWAL PROJECTS Numerous urban renewal projects were authorized prior to the date of this Amendment No. 4. These previously authorized projects included but are not limited to the following projects which have been initiated and are continuing: - 4 - FINAL 093020 1) Public Improvements Project Bond Reference Balance as of July 1, 2020 Kettlestone Greenbelt Phase II, Kettlestone Boulevard Extension and Traffic Signal, ADA Sidewalk Transition Project, Traffic Signal Enhancement Project 2019A GO Urban Renewal $2,093,650.00 NW 10th Street Widening – Hickman Road to Douglas Pkwy and NW Sunrise Expansion – NW 10th Street to NW 6th Street 2020A GO Urban Renewal $15,434,359.00 TOTAL $17,528,009.00 Numerous urban renewal projects were included in Amendment No. 3 and preceding amendments. These previously authorized projects include but are not limited to the following projects, which have been initiated, however, no tax increment financing is anticipated to be utilized in the financing of the projects: Project Completion Date/Estimated Completion Date Estimated Cost Rationale Northwest Area Water Main Extension from University Avenue/6th Street to T Avenue/Hickman Road (multiple phases) 2019 $2,000,000 - $4,000,000 Necessary water utility expansion to support commercial/industrial development expansion Northwest Area Sanitary Trunk Sewer Extension from University Avenue/6th Street to T Avenue/Hickman Road 2019 $2,000,000 - $4,000,000 Necessary sanitary sewer utility expansion to support commercial/industrial development expansion Alice’s Road Expansion Phase 1 (University to Olson) 2018 $6,500,000 - $8,000,000 Commercial Corridor Roadway Expansion Alice’s Road Expansion Phase 2 (Olson to Horizon) 2019 $7,500,000 - $9,000,000 Commercial Corridor Roadway Expansion TOTAL $18,000,000 - $25,000,000 Note: This total does not include financing costs related to debt issuance Numerous urban renewal projects were included in Amendment #3 and preceding amendments, but have not yet been initiated. These previously authorized projects include but are not limited to the following (with updates as applicable): - 5 - FINAL 093020 1) Public Improvements Urban Renewal Project Description Estimated Date Estimated Cost Rationale Grand Prairie Parkway (Interstate 80 to University) Streetscape Enhancements – landscaping, trails, underpass enhancements, signage 2021-2025 $2,000,000 - $4,000,000 Commercial Corridor Roadway Expansion Public Safety Facility. Construct and equip a municipal public safety facility with fire and police services and install all needed utilities and sewers, bike/pedestrian trails, street lights, traffic signals and signage, streets, turn lanes, and other projects associated with said public safety facility, as well as purchase/acquire any real or personal property necessary for the construction and operation of said public safety facility. 2022-2025 $22,000,000 - $28,000,000 A public safety facility with fire and police services will help protect the anticipated investments of future commercial and industrial developments, as well as protect the motoring public in the area. See Section K restating the Public Building Analysis previously provided for this project. Douglas Parkway (280th Street) Extension – T Avenue to S Avenue 2022 - 2030 $13,000,000 - $20,000,000 Commercial/Industrial Corridor Roadway Expansion University Avenue (300th Street) Extension – 10th Street to R-16 2021 - 2030 $28,000,000 - $35,000,000 Commercial/Industrial Corridor Roadway Expansion T Avenue Widening – Douglas Parkway to University Avenue 2022 - 2028 $25,000,000 - $30,000,000 Commercial/Industrial Corridor Roadway Expansion Civic Land Purchase. Purchase of approximately 225 acres to allow for the future relocation and consolidation of several municipal services including City Hall and the Public Library as well as the development of new services and amenities which could include a recreation 2019 - 2024 $9,000,000 - $11,000,000 Consolidation of City services and the development of civic amenities, which will provide a centralized gathering location within the community which will promote and generate the need for surrounding private economic development to service the activities within the - 6 - FINAL 093020 center, ice arena, amphitheater and other park amenities civic campus development. A Public Building Analysis for this project is included in Section K. NW Sunrise Drive Extension – NW 6th Street to NW 4th Street 2020 - 2022 $1,500,000 - $3,000,000 Commercial/Industrial Corridor Roadway Expansion and access to new high school and regional youth sports complex. The regional youth sports complex is anticipated to host a number of regional tournaments, which will draw many outside visitors, generating a need for additional commercial retail and service businesses. NW Douglas Parkway Extension – NW 10th Street to NW 4th Street 2020 - 2022 $2,000,000 – $4,000,000 Commercial/Industrial Corridor Roadway Expansion and access to new high school and regional youth sports complex. The regional youth sports complex is anticipated to host a number of regional tournaments, which will draw many outside visitors, generating a need for additional commercial retail and service businesses. NW 2nd Street (formerly identified as NW 6th Street) Extension – W Hickman Road to NW Sunrise Drive 2020 - 2023 $4,000,000 - $6,000,000 Commercial/Industrial Corridor Roadway Expansion and access to new high school and regional youth sports complex. The regional youth sports complex is anticipated to host a number of regional tournaments, which will draw many outside visitors, generating a need for additional commercial retail and service businesses. NW 4th Street Extension – NW Sunrise Drive to NW Douglas Parkway 2020 - 2023 $5,000,000 - $7,000,000 Expansion and access to new high school and regional youth sports complex. The regional youth sports complex is anticipated to host a number of regional tournaments, which will draw many outside visitors, generating a need for additional - 7 - FINAL 093020 commercial retail and service businesses. 5 Way Intersection Improvements – Ashworth Drive/Warrior Lane/Northview Drive 2020 - 2023 $3,000,000 - $6,000,000 Improvements to an intersection that has a poor level of service, generates a number of accidents, and creates a safety problem/delay in response time for the nearby police and fire station. The location is a key intersection of two major collector roads that when extended will create the opportunity for additional commercial economic development. S Warrior Lane Widening – University Avenue to Ashworth Drive 2022 - 2025 $5,000,000 - $8,000,000 Expansion of existing collector roadway Corridor that serves a number of school and City facilities. The Corridor is currently insufficient in size and creates a number of delays and safety concerns including concerns related to police/fire response times. The roadway serves as a major collector roadway which when expanded and extended will allow for additional commercial economic development activity. University Avenue Widening and Extension – LA Grant Parkway to 10th Street 2021 - 2026 $24,000,000 - $30,000,000 Commercial/Industrial Corridor Roadway Expansion Ashworth Road Widening – LA Grant Parkway to Waco Place 2021-2025 $15,000,000 - $20,000,000 Expansion of existing arterial roadway Corridor that serves a number of school facilities as well as the larger regional transportation network. The Corridor is currently insufficient in size and creates a number of delays and safety concerns including concerns related to police/fire response times. The roadway serves as a major arterial roadway which when expanded and extended will - 8 - FINAL 093020 allow for additional commercial economic development activity. Total Range of $158,500,000 to $212,000,000 2) Development Agreements: A. Development Agreement with Waukee Town Center, LLC: Under authority granted by Amendment No. 3 to the Plan, the City entered into a Development Agreement (the “Agreement”) with Waukee Towne Center, LLC (the “Developer”), pursuant to which Developer will construct commercial buildings and related parking and site improvements on certain real property within the Urban Renewal Area (Minimum Improvements). The commercial buildings are anticipated to house various commercial and retail businesses. The Agreement also requires the construction of certain public improvements by the City (City Public Improvements) (as defined in the Agreement) in order to assist in the development of the Minimum Improvements, under the terms and following satisfaction of the conditions set forth in the Agreement. The Agreement further obligates the Developer to also construct certain Public Improvements (Developer Public Improvements) including the extension of a portion of SE Laurel Street located west of SE Alice’s Road. Construction of the City and Developer Public Improvements is expected to be completed in 2021. The City expects to make Economic Development Grants to Developer in the form of rebates of incremental taxes generated by the project, over a period of twelve (12) years for the cost of the Developer Public Improvements and only after the City has used the tax increment to pay any debt incurred to construct the City Public Improvements. The cost of such grants shall not exceed $1,100,000 and are subject to the terms and conditions of a detailed Development Agreement. ELIGIBLE URBAN RENEWAL PROJECTS (Amendment No. 4) Although certain project activities may occur over a period of years, the Eligible Urban Renewal Projects under this Amendment No. 4 include: 1) Public Improvements: Urban Renewal Project Description Estimated Date Estimated Cost Rationale Ashworth Road/Ute Avenue Intersection Improvements 2020-2022 $3,000,000 - $5,000,000 Improvements to an intersection that has a poor level of service, generates a number of accidents, and creates a safety problem/delay in response time for the nearby police and fire - 9 - FINAL 093020 station. The location is a key intersection of two major collector roads that when extended will create the opportunity for additional commercial economic development and will also serve a new elementary school. SE Laurel Street Extension West of SE Alice’s Road 2020-2022 $500,000 - $1,500,000 Commercial/Industrial Corridor Roadway Expansion Total Range of $3,500,000 - $6,500,000 2) Development Agreements (future): A. Future Development Agreements: The City expects to consider requests for development agreements for projects that are consistent with the Plan, in the City’s sole discretion. Such agreements are unknown at this time, but based on past history, and dependent on development opportunities and climate, the City expects to consider incentives as authorized by the Plan, including but not limited to land, loans, grants, rebates, public infrastructure assistance and other incentives. The costs of such development agreements will not exceed $15,000,000 - $20,000,000. FINANCIAL DATA 1. July 1, 2020, constitutional debt limit: $118,834,828 2. Current outstanding general obligation debt: $85,029,358 3. Proposed amount of indebtedness to be incurred (Amendment No. 4): A specific amount of debt to be incurred for the Eligible Urban Renewal Projects (Amendment No. 4) described in this Amendment has not yet been determined. This document is for planning purposes. The estimated project costs in this Amendment are estimates only and will be incurred and spent over a number of years. In no event will the City’s constitutional debt limit be exceeded. The City Council will consider each project proposal on a case- by-case basis to determine if it is in the City’s best interest to participate before approving an urban renewal project or expense. It is further expected that such indebtedness, including interest on the same, may be financed in whole or in part with tax increment revenues from the Urban Renewal Area. Subject to the $18,500,000 – $26,500,000 This estimate does not include financing costs which may be incurred over the life of the Plan - 10 - FINAL 093020 foregoing, it is estimated that the cost of the Eligible Urban Renewal Projects (Amendment No. 4) as described above will be approximately: REPEALER AND SEVERABILITY Any parts of the Urban Renewal Plan in conflict with this Amendment No. 4, are hereby repealed. In the event one or more provisions contained in the Urban Renewal Plan or this Amendment No. 4 shall be held for any reason to be invalid, illegal, unauthorized or unenforceable in any respect, such invalidity, illegality, unauthorization or enforceability shall not affect any other provision of the Plan or this Amendment No. 4, and the Plan and this Amendment No. 4 shall be construed and implemented as if such provisions had never been contained herein. EFFECTIVE PERIOD This Amendment No. 4 will become effective upon its adoption by the City Council. The Urban Renewal Plan, as amended, shall remain in effect until repealed by the City Council. During the life of the Plan, the City Council may designate by ordinance all or any portion of the property covered by the Plan as a “tax increment area.” With respect to any property covered by this Plan which is included in an ordinance which designates that property as a tax increment area, the use of incremental property tax revenues, or the “division of revenue,” as those words are used in Chapter 403 of the Code of Iowa, is limited to twenty (20) years from the calendar year following the calendar year in which the City first certifies to the County Auditor the amount of any loans, advances, indebtedness, or bonds which qualify for payment from the incremental property tax revenue attributable to the portion of the Area within the ordinance. It is anticipated that separate ordinances for separate tax increment areas may be adopted as development in the Area warrants, in which case each separate tax increment area may have a separate base and separate sunset. The division of revenues shall continue within any tax increment area, for the maximum period allowed by law. - 11 - FINAL 093020 EXHIBIT “A” “Amendment No. 4 Area Removal” – Property to be Removed from Waukee Consolidated Urban Renewal Area Legal Description NW ¼ of the SE ¼ of Section 28, Township 79N, Range 26W, except the west 12.5 acres and except Parcel 18-147 and 18-148 in the Plat of Survey recorded in Book 2018, Page 23747 now known as The Commons at Greenway Plat 1, City of Waukee, Dallas County, Iowa (Parcel #1228400027); and, NE ¼ of the SE ¼ of Section 28, Township 79N, Range 26W, except that property platted as Indi Run Plats 1-3 and except Parcels 18-144 and 18-147 in the Plat of Survey recorded in Book 2018, Page 23747 now known as The Commons at Greenway Plat 1, City of Waukee, Dallas County, Iowa (Parcel #1228400028); and, Lot 1, Outlot X, Outlot W and Outlot T of The Commons at Greenway Plat 1, an Official Plat, City of Waukee, Dallas County, Iowa (Parcel #1228480003, 1228480004, 1228480002, 1228480001); and, Outlot Z of Prairie Crossing Plat 7, an Official Plat, City of Waukee, Dallas County, Iowa (Parcel #1227451001); and, Lot 1 through Lot 6 of Bricktowne at Prairie Crossing Plat 1, an Official Plat, City of Waukee, Dallas County, Iowa (Parcel #1227452001-1227452006); Lots 2 through 5 of Bricktowne at Prairie Crossing Plat 1 have been reclassified as Bricktowne Prairie Crossing Condominiums and shall include the following buildings and units: Bricktowne Prairie Crossing Condominiums Building 2, Units 101-120, 201-220 and 301-320 (Parcel #1227453001-1227453060); Bricktowne Prairie Crossing Condominiums Building 3, Units 101-120, 201-220 and 301-320 (Parcel #1227453061 – 1227453120); Bricktowne Prairie Crossing Condominiums Building 5, Units 101-120, 201-220 and 301-320 (Parcel 1227453121 – 1227453180); Bricktowne Prairie Crossing Condominiums Clubhouse (Parcel 1227453181); Bricktowne Prairie Crossing Condominiums Garages (Parcel 1227453182). - 12 - FINAL 093020 EXHIBIT “B” “Amendment No. 4 Area Addition” – Property to be Added to Waukee Consolidated Urban Renewal Area Legal Description East ½ of the SW ¼ of Section 29, Township 79N, Range 26W and the former railroad right of way now utilized for the Raccoon River Valley Trail in the SW ¼ of the SW ¼ of Section 29, Township 79N, Range 26W, City of Waukee, Dallas County, Iowa (Parcel #1229300005, 1229300006, 1229300008, 1229300009); and, The West 400 feet of Lot 6 in Waukee Development Plat No. 1, an Official Plat, now included in and forming a part of the City of Waukee, Dallas County Iowa, except the South 75 feet of the West 400 feet thereof (Parcel #1228300028); and, Outlot Y of Stratford Crossing Plat 1, an Official Plat, City of Waukee, Dallas County, Iowa except for the road right of way purchased by the City of Waukee and recorded in Book 2020 at Page 12299 (Parcel #1229276005); and, Outlot X of Stratford Crossing Plat 1, an Official Plat, City of Waukee, Dallas County, Iowa, except the road right of way purchased by the City of Waukee and recorded in Book 2020 at Page 12297 (Parcel #1229278019); and, Outlot W of Stratford Crossing Plat 1, an Official Plat, City of Waukee, Dallas County, Iowa (Parcel #1229426001); and, Outlot Z of Ferrees Addition Plat 2, an Official Plat, City of Waukee, Dallas County, Iowa (Parcel #1233111001); and, Parcel 19-135 of a Plat of Survey filed in Book 2020 at Page 791, City of Waukee, Dallas County, Iowa (Parcel #1233100003); and, Hickman Road (Highway 6) Right of Way located between the east side of NW 10th Street (R- 22) and the east side of NW 6th Street; and, Beginning at the Southeast corner of Section 33, Township 79 North, Range 26 West of the 5th P.M., City of Waukee, Dallas County, Iowa; thence S 89°46'04" W, along the South line of the SE 1/4 of the SE 1/4 of said Section 33-79-26, 1,299.00 ft. to the Southeast corner of Lot "D" (Street) of Corene Acres Plat 12, an Official Plat now included in and forming a part of the City of Waukee, Dallas County, Iowa; thence N 00°00'00" W, along the East line of said Corene Acres Plat 12, 457.32 ft. to the Northeast corner of Lot 18 of said Corene Acres Plat 12, said - 13 - FINAL 093020 point also being on the South line of Corene Acres Plat 11, an Official Plat now included in and forming a part of the City of Waukee, Dallas County, Iowa; thence N 89°53'00" E, along the South line of said Corene Acres Plat 11 and along the South line of said Corene Acres Plat 11 extended 1,298.20 ft. to a point on the East line of the SE 1/4 of the SE 1/4 of said Section 33-79- 26; thence S 00°06'00" E, along the East line of the SE 1/4 of the SE 1/4 of said Section 33-79-26; and also along the centerline of Public Roadway (Warrior Lane), 454.70 ft. to the point of beginning. All of said parcel being located in the SE 1/4 of the SE 1/4 of Section 33, Township 79 North, Range 26 West of the 5th P.M., City of Waukee, Dallas County, Iowa, and contains approximately 13.5944 acres. (Parcel #1233479001); and, Ashworth Road Right of Way located between the east line extended of U Place to the east line extended of the NW ¼ of the NW ¼ of Section 9, Township 78N, Range 26W, City of Waukee, Dallas County, Iowa; and, Ute Avenue (6th Street) Right of Way located between the southern boundary extended of Daybreak Drive and the northern boundary extended of Silver Leaf Lane. - 14 - FINAL 093020