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HomeMy WebLinkAbout2020-11-16-G01 North Waukee Residential URP_PH AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: November 16, 2020 AGENDA ITEM: Public hearing on a proposed North Waukee Residential Urban Renewal Plan for a proposed Urban Renewal Area in the City of Waukee, State of Iowa FORMAT: Public Hearing SYNOPSIS INCLUDING PRO & CON: The City Council has identified affordable housing as a strategic priority for the City. Consistent with that priority, staff has prepared a proposed Urban Renewal Plan related to certain multi-family developed areas within Waukee which if adopted would provide a funding mechanism to further promote affordable housing developments as well as fund public improvements that will be necessary related to the development of these residential neighborhoods. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: The Planning and Zoning Commission reviewed the proposed Urban Renewal Plan on November 10, 2020 and recommended approval: Approval of the North Waukee Residential Urban Renewal Area Plan Development Services Director, Brad Deets, indicated that the City Council has identified affordable housing as a priority during the recent strategic planning process completed in June 2020. Mr. Deets described the area proposed to be located within the urban renewal area as being located north of Hickman Road that includes existing projects under construction and future developable area. The purpose of the proposed urban renewal area is to assist the City in obtaining funds needed to complete infrastructure projects and to implement policies and projects related to affordable housing. Mr. Deets explained that by establishing the urban renewal area, the City would be able to use Tax Increment Financing (TIF) for a period of 10 years to help fund public infrastructure projects within the urban renewal area. Many of these projects are related to the new high school site that are needed to be completed to support the transportation network that surround the new high school. In addition to the added funding for infrastructure projects, 30% of the funds generated would be placed within a low to moderate income fund (LMI) that are to be used to for affordable housing projects or programs. Mr. Deets indicated that the City Council has expressed interest in working with the development community on a future project or projects to utilize the LMI funds G1 that are generated within the Urban Renewal Area. Mr. Deets indicated that estimates show that $2.1 million in LMI funds and approximately $4.7 million in funding for public infrastructure could be generated over the 10-year period. City staff held the required consultations with Dallas County and the Waukee Community School District and no comments were received from either entity. Mr. Deets advised the Commission that staff recommend approval of the North Waukee Residential Urban Renewal Area Plan. Commissioner Inman questioned if the area would change the type of housing proposed within it. Mr. Deets explained that it would not change the types of housing proposed with the Urban Renewal Area. Commissioner Hoifeldt questioned who applies for the LMI funds. Mr. Deets explained that LMI funds can be used in a variety of ways, but it will depend on how the City Council decides to use them. Commissioner Inman questioned if the LMI funds have to be utilized in the same district that they are generated in. Mr. Deets explained that they do not and can be used across the city. Commissioner Inman moved to approve the North Waukee Residential Urban Renewal Area Plan. The motion was seconded by Commissioner Streit. Ayes: Inman, Koshy, Streit, Broderick, and Hoifeldt. Nays: None. Motion Carries. STAFF REVIEW AND COMMENT: Staff held a consultation with Dallas County Board of Supervisors and Waukee Community School District on October 26, 2020 and no one attended. To date, staff has not received any correspondence related to the proposed plan. RECOMMENDATION: Hold the Public Hearing ATTACHMENTS: I. Consultation Report 10/26/20 II. Planning and Zoning Commission Letter 11/10/20 III. Proposed Plan (see resolution) PREPARED BY: Brad Deets REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: Dallas County News DATE OF PUBLICATION: November 5, 2020 Development Services Department 230 W. Hickman Road Waukee, IA 50263 Phone: (515) 978-9533 Fax: (515) 987-1845 Minutes of the Proposed North Waukee Residential Urban Renewal Plan Consultation Meeting City staff held a consultation regarding the proposed North Waukee Residential Urban Renewal Plan on Monday, October 26, 2020 at 2:00 PM. The meeting was held via a Zoom Meeting at Waukee City Hall West Conference Room. Notices of the consultation were mailed on October 6, 2020 to representatives of the Dallas County Board of Supervisors and Waukee Community School District. No one was in attendance at the consultation and staff closed the meeting at 3:05 PM. Brad Deets Development Services Director Development Services Department 230 W. Hickman Road Waukee, IA 502263 Phone:(515) 978-9533 Fax:(515) 987-1845 November 10, 2020 City of Waukee Attnn: Mayor and City Council 230 W. Hickman Road Waukee, Iowa 502263 RE:North Waukee Residential Urban Renewal Plan To Whom It May Concern: On November 10, 2020 at 6:00 PM, the Waukee Planning and Zoning Commission convened via a Zoom electronic meeting for a regularly scheduled meeting. In accordance with the Iowa Code, the Commission reviewed the proposed North Waukee Residential Urban Renewal Plan and found it to be consistent with the City’s comprehensive plan for the development of the City of Waukee as a whole. Thee Planning and Zoning Commission unanimously approved the proposed North Waukee Residential Urban Renewal Plan for consideration by the City Council. Sincerely, Cherian Koshy Waukee Planning and Zoning Commission Vice Chairman