HomeMy WebLinkAbout2023-08-21 G01 Stivers Ford Development Agreement_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: August 21, 2023
AGENDA ITEM:Public hearing on the proposal to enter into a Development Agreement
with Stivers Iowa Real Estate, LLC, and Ed Stivers Ford, Inc.
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: Stivers Iowa Real Estate, LLC, and Ed Stivers Ford
(employer), Inc. proposes to expand the existing business (1450 E
Hickman Rd) directly west of the Stivers Collision Center. The proposed
$9.5M development includes a new 36,600 square foot Ford Pro Service
Center which will focus on upfitting and servicing commercial electric
vehicles.
Additionally, the project includes six interior and three exterior EV
charging stations. Charging stations will be operational 72 hours per
week and available to customers and the public. One or more of the
exterior charging stations will be a “level 3” fast charger.
The development agreement includes a Business Retention and
Expansion incentive with Ed Stivers Ford, Inc receiving 50 % of the tax
increment for three years. The economic development grants will be
capped at $330,000.
The agreement requires Ed Stivers Ford, Inc. to retain 112 fulltime and 9
part-time jobs and create 15 new full-time jobs no later than August 31,
2024. Ed Stivers Ford must maintain a monthly average of 127 full-time
and 9 part-time jobs at operations at 1450 Hickman Rd.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Staff recommends City Council set a public hearing
date to discuss a proposed development agreement with Stivers Iowa
Real Estate, LLC and Ed Stivers Ford, Inc.
RECOMMENDATION: Hold a public hearing
ATTACHMENTS: I. Public Hearing Notice
II. Development Agreement
PREPARED BY:Jennifer Brown, Director of Economic Development
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REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Dallas County News
DATE OF PUBLICATION: August 17, 2023
NOTICE OF PUBLIC HEARING OF THE CITY COUNCIL OF
THE CITY OF WAUKEE IN THE STATE OF IOWA, ON THE
MATTER OF THE PROPOSAL TO ENTER INTO A
DEVELOPMENT AGREEMENT WITH STIVERS IOWA REAL
ESTATE, L.L.C. AND ED STIVERS FORD, INC., AND THE
HEARING THEREON
PUBLIC NOTICE is hereby given that the Council of the City of Waukee in the State of
Iowa, will hold a public hearing on August 21, 2023, at 5:30 P.M. in the Council Chambers, City
Hall, 230 West Hickman Road, Waukee, Iowa, at which meeting the Council proposes to take
action on the proposal to enter into a Development Agreement (the "Agreement") with Stivers
Iowa Real Estate, L.L.C. (the "Developer") and Ed Stivers Ford, Inc. (the "Employer").
The Agreement would obligate the Developer to construct certain Minimum Improvements
(as defined in the Agreement) on certain real property located within the Waukee Consolidated
Urban Renewal Area as defined and legally described in the Agreement, consisting of the
construction of a 36,600 square foot commercial vehicle service center adjacent to their existing
facility, together with all related site improvements, under the terms and following satisfaction of
the conditions set forth in the Agreement. The Agreement would obligate the Employer to occupy
and operate its business in the Minimum Improvements, including employing a minimum number
of employees in those operations, during the duration of the Agreement.
The Agreement would further obligate the City to make up to three (3) consecutive annual
payments of Economic Development Grants to Employer consisting of 50% of the Tax Increments
pursuant to Section 403.19, Code of Iowa, and generated by the construction of the Minimum
Improvements, the cumulative total for all such payments not to exceed the lesser of $330,000, or
the amount accrued under the formula outlined in the proposed Agreement, under the terms and
following satisfaction of the conditions set forth in the Agreement.
A copy of the Agreement is on file for public inspection during regular business hours in
the office of the City Clerk, City Hall, City of Waukee, Iowa.
At the above meeting the Council shall receive oral or written objections from any resident
or property owner of said City, to the proposal to enter into the Agreement with the Developer and
Employer. After all objections have been received and considered, the Council will at this meeting
or at any adjournment thereof, take additional action on the proposal or will abandon the proposal
to authorize said Agreement.
This notice is given by order of the City Council of the City of Waukee in the State of
Iowa, as provided by Section 364.6, Code of Iowa.
Dated this 7th day of August, 2023.
Rebecca D. Schuett
City Clerk, City of Waukee in the State of Iowa