HomeMy WebLinkAbout2015-10-19-Resolutions 15-351_Autumn Ridge Residential Urban Renewal PlanRESOLUTION NO.15-351
RESOLUTION DETERMINING AN AREA OF THE CITY TO
BE AN ECONOMIC DEVELOPMENT AREA,AND THAT THE
REHABILITATION,CONSERVATION,REDEVELOPMENT,
DEVELOPMENT,OR A COMBINATION THEREOF,OF
SUCH AREA IS NECESSARY IN THE INTEREST OF THE
PUBLIC HEALTH,SAFETY OR WELFARE OF THE
RESIDENTS OF THE CITY;DESIGNATING SUCH AREA AS
APPROPRIATE FOR URBAN RENEWAL PROJECTS;AND
ADOPTING THE AUTUMN RIDGE RESIDENTIAL URBAN
RENEWAL PLAN
WHEREAS,this Council has reasonable cause to believe that the area described below
satisfies the eligibility criteria for designation as an urban renewal area under Iowa law;and
WHEREAS,a proposed Autumn Ridge Residential Urban Renewal Plan ("Plan"or
"Urban Renewal Plan")for the Autumn Ridge Residential Urban Renewal Area described
below/above has been prepared,which proposed Plan has been on file in the office of the City
Clerk and which is incorporated herein by reference;and
WHEREAS,this proposed Autumn Ridge Residential Urban Renewal Area includes and
consists of:
Lot 4,5,6,7,8,and Lot 9 of Autumn Ridge Plat I in the City of Waukee,County of
Dallas,State of Iowa
Current Parcel Numbers for this Area are the following:
Parcel Numbers:12-35-306-005,12-35-306-003,12-35-306-004,12-35-305-005,
12-35-305-004,12-35-305-003
AND
SE Olson Drive Right of Way from SE Brick Drive to SE Alice's Road AND SE
Alice's Road Right of Way from SE University Avenue to 1,200 feet north of E
Hickman Road.
WHEREAS,the proposed Autumn Ridge Residential Urban Renewal Area includes land
classified as agricultural land and consequently written permission of the current owners has
been obtained;and
WHEREAS,it is desirable that the Urban Renewal Area be redeveloped as described in
the proposed Autumn Ridge Residential Urban Renewal Plan to be known hereafter as the
"Autumn Ridge Residential Urban Renewal Plan";and
WHEREAS,the Iowa statutes require the City Council to submit the proposed Autumn
Ridge Residential Urban Renewal Plan to the Planning and Zoning Commission for review and
recommendation as to its conformity with the general plan for development of the City as a
whole,prior to City Council approval thereof;and
WHEREAS,creation of the Autumn Ridge Residential Urban Renewal Area and
adoption of the Autumn Ridge Residential Urban Renewal Plan therefore has been approved by
the Planning and Zoning Commission for the City as being in conformity with the general plan
for development of the City as a whole,as evidenced by its written report and recommendation
filed herewith,which report and recommendation is hereby accepted,approved in all respects
and incorporated herein by this reference;and
WHEREAS,by resolution adopted on September 21,2015,this Council directed that a
consultation be held with the designated representatives of all affected taxing entities to discuss
the proposed Autumn Ridge Residential Urban Renewal Plan and the division of revenue
described therein,and that notice of the consultation and a copy of the proposed Autumn Ridge
Residential Urban Renewal Plan be sent to all affected taxing entities;and
WHEREAS,pursuant to such notice,the consultation was duly held as ordered by the
City Council and all required responses to the recommendations made by the affected taxing
entities,if any,have been timely made as set forth in the report of the Development Services
Director,or his delegate,filed herewith and incorporated herein by this reference,which report is
in all respects approved;and
WHEREAS,by resolution this Council also set a public hearing on the adoption of the
proposed Autumn Ridge Residential Urban Renewal Plan for this meeting of the Council,and
due and proper notice of the public hearing was given,as provided by law,by timely publication
in the Dallas Count News,which notice set forth the time and place for this hearing and the
nature and purpose thereof;and
WHEREAS,in accordance with the notice,all persons or organizations desiring to be
heard on the proposed Autumn Ridge Residential Urban Renewal Plan,both for and against,
have been given an opportunity to be heard with respect thereto and due consideration has been
given to all comments and views expressed to this Council in connection therewith and the
public hearing has been closed.
NOW,THEREFORE,BE IT RESOLVED,BY THE CITY COUNCIL OF THE CITY
OF WAUKEE,STATE OF IOWA:
Section 1.That the findings and conclusions set forth or contained in the proposed
"Autumn Ridge Residential Urban Renewal Plan"for the area of the City of Waukee,State of
Iowa,legally described and depicted in the Plan and incorporated herein by reference (which
area shall hereinafter be known as the "Autumn Ridge Residential Urban Renewal Area"),be and
the same are hereby adopted and approved as the findings of this Council for this area.
Section 2.This Council further finds:
a)Although relocation is not expected,a feasible method exists for the relocation
of any families who will be displaced from the Autumn Ridge Residential Urban
Renewal Area into decent,safe and sanitary dwelling accommodations within their
means and without undue hardship to such families;
b)The Urban Renewal Plan conforms to the general plan for the development of
the City as a whole;and
c)Acquisition by the City is expected and as to those areas of open land to be
acquired by the City included within the Autumn Ridge Residential Urban Renewal Area:
i.Residential use is expected and with reference to those portions thereof
which are to be developed for residential uses,this City Council hereby
determines that a shortage of housing of sound standards and design with
decency,safety and sanitation exists within the City;that the acquisition of the
area for residential uses is an integral part of and essential to the program of the
municipality;and that one or more of the following conditions exist:
a.That the need for housing accommodations has been or will be
increased as a result of the clearance of slums in other areas,including
other portions of the urban renewal area.
b.That conditions of blight in the municipality and the shortage of
decent,safe and sanitary housing cause or contribute to an increase in and
spread of disease and crime,so as to constitute a menace to the public
health,safety,morals,or welfare.
c.That the provision of public improvements related to housing
and residential development will encourage housing and residential
development which is necessary to encourage the retention or relocation of
industrial and commercial enterprises in this state and its municipalities.
d.The acquisition of the area is necessary to provide for the
construction of housing for low and moderate income families.
ii.Non-residential use is not expected,however,with reference to any
portions thereof which are to be developed for non-residential uses,such non-
residential uses are necessary and appropriate to facilitate the proper growth and
development of the City in accordance with sound planning standards and local
community objectives.
Section 3.That the Autumn Ridge Residential Urban Renewal Area is an economic
development area within the meaning of Iowa Code Chapter 403;that such area is eligible for
designation as an urban renewal area and otherwise meets all requisites under the provisions of
Chapter 403 of the Code of Iowa;and that the rehabilitation,conservation,redevelopment,
development,or a combination thereof,of such area is necessary in the interest of the public
health,safety or welfare of the residents of this City.
Section 4.That the Autumn Ridge Residential Urban Renewal Plan,attached hereto as
Exhibit 1 and incorporated herein by reference,be and the same is hereby approved and adopted
as the "Autumn Ridge Residential Urban Renewal Plan for the Autumn Ridge Residential Urban
Renewal Area";the Autumn Ridge Residential Urban Renewal Plan for such area is hereby in all
respects approved;and the City Clerk is hereby directed to file a certified copy of the Autumn
Ridge Residential Urban Renewal Plan with the proceedings of this meeting.
Section 5.That,notwithstanding any resolution,ordinance,plan,amendment or any other
document,the original Autumn Ridge Residential Urban Renewal Plan shall be in full force and
effect from the date of this Resolution until the Council amends or repeals the Plan.Said
Autumn Ridge Residential Urban Renewal Plan shall be forthwith certified by the City Clerk,
along with a copy of this Resolution,to the Recorder for Dallas County,Iowa,to be filed and
recorded in the manner provided by law.
PASSED AND APPROVED this 19 day of October,2015
ayor
ATTEST;
City Clerk
ROLL CALL VOTE
Shane Blanchard
Brian Harrison
Casey L.Harvey
Shelly Hughes
Rick Peterson
AYE
X
X
X
X
X
NAY ABSENT ABSTAIN
AUTUMN RIDGE RESIDENTIAL
URBAN RENEWAL PLAN
for the
AUTUMN RIDGE RESIDENTIAL
URBAN RENEWAL AREA
WAUKKK,IOWA
2015
TABLE OF CONTENTS
Final 9/17/15
SECTION
A.INTRODUCTION
B.DESCRIPTION OF THE URBAN RENEWAL AREA
C.AREA DESIGNATION
D.BASE VALUE
E.DEVELOPMENT PLAN
F.RESIDENTIAL DEVELOPMENT
G.AREA OBJECTIVES
H.TYPES OF RENEWAL ACTIVITIES
I.ELIGIBLE URBAN RENEWAL PROJECTS
J.FINANCIAL INFORMATION
K.URBAN RENEWAL FINANCING
L.PROPERTY ACQUISITION/DISPOSITION
PAGE
M.AGREEMENT TO INCLUDE AGRICULTURAL LAND 7
N.RELOCATION
O.STATE AND LOCAL REQUIREMENTS
P.SEVERABILITY
Q.URBAN RENEWAL PLAN AMENDMENTS
R.EFFECTIVE PERIOD
EXHIBITS
A.LEGAL DESCRIPTION OF AREA
B.URBAN RENEWAL AREA MAPS
C.MAP OF AUTUMN RIDGE PLAT I
D.AGREEMENT TO INCLUDE AGRICULTURAL LAND
Final 9/17/15
Autumn Ridge Residential Urban Renewal Plan
for the
Autumn Ridge Residential Urban Renewal Area
City of Waukee,Iowa
A.INTRODUCTION
The Autumn Ridge Residential Urban Renewal Plan ("Plan"or "Urban Renewal Plan")is
being created to help local officials respond to and promote economic development in the
City of Waukee (the "City").The primary goal of the Plan is to stimulate,through public
involvement and commitment,private investment in new housing and residential
development as defined in Iowa Code Section 403.17(12).The City has determined that
there is a shortage of affordable and appropriate housing and that providing such housing
is important for any or all of the following objectives:retaining existing industrial or
commercial enterprises;attracting and encouraging the location of new industrial or
commercial enterprises;meeting the needs of special elements of the population,such as
the elderly or persons with disabilities;and providing housing for various income levels
of the population which may not be adequately served.
In order to achieve these objectives,the City intends to undertake Urban Renewal
activities pursuant to the powers granted to it under Chapter 403 and Chapter 15A of the
Code of Iowa,as amended.
B.DESCRIPTION OF THE URBAN RENEWAL AREA
The Autumn Ridge Residential Urban Renewal Area ("Area"or "Urban Renewal Area")
is described in Exhibit "A"and illustrated in Exhibit "B."Note:The property was
previously included in the Waukee Unified Urban Renewal Area and was removed in
2013;in addition,the property was never developed as an urban renewal housing project.
The City reserves the right to modify the boundaries of the Area at some future date.
C.AREA DESIGNATION
With the adoption of this Plan,the City of Waukee will designate this Urban Renewal
Area as an economic development area that is appropriate for the provision of public
improvements related to housing and residential development and potentially low and
moderate housing.
D.BASE VALUE
Once the Autumn Ridge Residential Urban Renewal Area is legally established,and a
TIF ordinance is adopted,and debt is certified to the County,the taxable valuation within
the area covered by the TIF ordinance as of January 1 of the year before debt is first
certified,will be considered the frozen "base valuation."It may be that more than one
TIF ordinance will be adopted on property within the Area;for example,TIF ordinances
may be adopted as a lot or lots are developed.If so,the frozen base values may vary by
TIF ordinance areas.
Final 9/17/15
E.DEVELOPMENT PLAN
Waukee has a general plan for the physical development of the City as a whole outlined
in the Waukee Com rehensive Plan,adopted by the City on March 10,2008.The goals
and objectives and urban renewal projects identified in this Plan are in conformity with
the goals,objectives,and overall strategies identified in the Waukee Com rehensive
Plan.
This Urban Renewal Plan does not in any way replace the City's current land use
planning or zoning regulation process.Currently,the Area contains land which is zoned
R-3 Rental Multi-Family Residential District and C-I Community and Highway Service
Commercial District.
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 the Area develops,the need for public infrastructure extensions and
upgrades will be evaluated and planned for by the City.
F.RESIDENTIAL DEVELOPMENT
One of the City's objectives for the Autumn Ridge Residential Urban Renewal Area is to
promote new multi-family residential development.The City realizes that the availability
of housing is an important component of attracting new business and industry,
responding to new development,and retaining existing businesses.
In anticipation of employment trends and demographic projections,the City has taken the
position of providing support to increase the availability of certain market rate rental
housing opportunities in the community.After review,the City has concluded that the
City's central location,strong demographics,and the potential for major employers to
continue with steady job opportunities has resulted in verified demand for more market
rate rental housing in Waukee.
In summary,the plans presented for the Autumn Ridge residential development will
include a total of 430 new multi-family residential units with a number of amenities
including attached garages,recreational facilities for the development's residents,further
expansion of the City*s parks system and integrated pedestrian recreational trails.New
growth anticipated within the Autumn Ridge area as well as other surrounding areas will
create the need and demand to make further investment in the City's infrastructure
including the widening of SE Alice's Road,a major north-south regional arterial corridor.
Increment generated from the Autumn Ridge Residential Urban Renewal Area will go
towards paying for a portion of the widening of SE Alice's Road between University
Avenue and Hickman Road.
When a City utilizes tax increment financing to support residential development,a
percentage of the incremental revenues (or other revenues)generated by the project (not
to exceed the project costs which are limited to reimbursement of "public improvement"
costs as defined by Iowa law)must be used to provide assistance to low or moderate
income ("LMI")individuals or families.LMI individuals or families are generally those
whose incomes do not exceed 80'/o of the median Dallas County income.
Final 9/17/15
Unless a reduction is approved by the Iowa Economic Development Authority,the
percentage of incremental revenues used to provide LMI assistance must be at least equal
to the percentage of LMI families living in Dallas County.That percentage is currently
30.52'/o.("LMI Set-Aside Fund")
The requirement to provide assistance for LMI housing may be met by one,or a
combination,of the following three options:
~Providing that at least 30.52'/0 of the units constructed in the Area are occupied by
residents and/or families whose incomes are at or below 80/0 of the median
county income;
~Setting aside 30.52'/0 of the project costs for LMI housing activities anywhere in
the City;or
~Ensuring that 30.52'/0 of the houses constructed within the Area are priced at
amounts affordable to LMI families.
If funds are set aside,as opposed to constructing a sufficient percentage of LMI housing
in the Area,the assistance for low and moderate income family housing may be provided
anywhere within the City.The type of assistance provided must benefit LMI residents
and/or families and may include,but is not limited to:
1.Consnuction of LMI affordable housing.
2.Owner/renter-occupied housing rehabilitation for LMI residents and/or families.
3.Grants,credits or other direct assistance for LMI residents and/or families.
4.Homeownership assistance for LMI residents and/or families.
5.Tenant-based rental assistance for LMI residents and/or families.
6.Down payment assistance for LMI residents and/or families.
7.Mortgage interest buy-down assistance for LMI residents and/or families.
8.Under appropriate circumstances,the construction of public improvements that
benefit LMI residents and/or families.
G.AREA OBJECTIVES
Renewal activities are designed to provide opportunities,incentives,and sites for new
residential development within the Area.More specific objectives for development
within the Autumn Ridge Residential Urban Renewal Area are as follows;
1.To increase the availability of housing opportunities,which may,in turn,attract
and retain local industries and commercial enterprises that will strengthen and
revitalize the economy of the State of Iowa and the City of Waukee.
2.To stimulate,through public action and commitment,private investment in new
housing and residential development.
3.To plan for and provide sufficient land for residential development in a manner
that is efficient from the standpoint of providing municipal services.
Final 9/17/15
To help finance the cost of constructing public utility and infrastructure
extensions and improvements in support of new housing and residential
development.
To provide a more marketable and attractive investment climate.
To improve the housing conditions and housing opportunities,including LMI
income families and/or individuals.
To encourage residential growth and expansion through governmental policies
which make it economically feasible to do business.
To promote development utilizing any other objectives allowed by Chapter 403
of the Code of Iowa.
H.TYPES OF RENEWAL ACTIVITIES
To meet the objectives of this Urban Renewal Plan and to encourage the development of
the Area,the City intends to utilize the powers conferred under Chapter 403 and Chapter
15A,Code of Iowa including,but not limited to,tax increment financing.Activities may
include:
1.To undertake and carry out urban renewal projects through the
execution of contracts and other instruments.
2.To arrange for or cause to be provided the construction or upgrade of
public infrastructure improvements,including streets and sidewalks,
traffic lights,pedestrian safety measures,water,sanitary sewer,and
storm sewer systems,public utilities or other facilities or physical
improvements in connection with urban renewal projects.
3.To finance programs that will directly benefit housing conditions and
promote the availability of housing in the community.
4.To borrow money and to provide security therefor.
5.To make or have made surveys and plans necessary for the
implementation of the urban renewal program or specific urban
renewal projects.
6.To use tax increment financing for a number of objectives,including,
but not limited to,achieving a more marketable and competitive land
offering price and providing for necessary physical improvements and
infrastructure.
7.To use tax increment for LMI housing assistance.
8.To use any or all other powers granted by the Urban Renewal Act to
develop and provide for improved economic conditions for the City of
Waukee and the State of Iowa.
Final 9/17/15
I.ELIGIBLE URBAN RENEWAL PROJECTS
1.Public Improvements in Residential Development:
Public Im rovement Pro'ect(s)
Alice's Road Expansion including
construction of six travel lanes,
turning lanes,utilities (water,sewer,
storm,gas),traffic signalization,trails,
pedesnian underpass,sidewalks,
landscaping,etc.including associated
engineering,land acquisition and other
related costs.
Date
2015-2019
Estimated Cost
Total Project Cost is up to
$17,000,000.00;however,
expected funding from
increment from this Area is
not expected to exceed
$2,500,000 to $4,000,000.
Total
The proposed urban renewal project involves using incremental taxes from the proposed
multi-residential construction of Autumn Ridge Plat 1,attached as Exhibit C to assist in
the construction/widening (or reimbursement of construction/widening of SE Alice's
Road from [University Avenue-to 1,200 feet north of Hickman Road.]
The City does not intend to provide any assistance to the developer of Autumn Ridge Plat
1.Rather,the City intends to use incremental taxes generated by the construction of the
proposed multi-residential housing units to assist in the costs of constructing/widening
SE Alice's Road from its current 2 lanes to 6 lanes.SE Alice's Road makes up a segment
of the Grand Prairie Parkway Corridor which is scheduled to open in 2015 with the
completion of a new interchange at Interstate 80.When completed,it is expected that
this regional corridor will over time serve as many as 50,000 vehicles per day.The
increases in adjacent development such as Autumn Ridge (residential)as well as the
additional traffic generated by the Interchange (commercial)will require the widening of
Alice's Road to accommodate traffic.The current estimate to complete the SE Alice's
Road Project is $17,000,000.It is anticipated that the tax increment from the construction
of multi-residential housing units in Autumn Ridge Plat 1 will only partially fund the
constructing/widening of SE Alice's Road.The City plans to use other funds to
supplement the full cost of the widening of SE Alice's Road,which project will be
undertaken in phases and over a period of years,as funds become available.No
increment will be used on Olson Drive,which is the responsibility of the Developer.
Unless LMI housing is constructed in the Autumn Ridge Residential Urban Renewal
Area,the City will set aside a minimum of 30.52%of the incremental taxes generated by
the multi-residential housing units (up to a maximum of the costs of public
improvements)and use those funds to support LMI housing anywhere in the community.~A«l,lith t tl t l th phil l p t ttl tl t
$100,000 and if incremental taxes of $100,000 are generated from the construction of
multi-residential housing units in Autumn Ridge Plat 1 (and no such units are affordable
to LMI housing residents or are rented to such individuals or families),the LMI Set Aside
Fund requirement would be $30,520.The balance of $69,480 in incremental taxes could
be used to reimburse the City for construction costs of the public improvements described
above under No.1 or planning,legal,and related project costs (listed in No.2 below).
Final 9/17/15
2.Planning,engineering fees (for urban renewal plans),attorney fees,other
related costs to support the urban renewal project and planning:
Pro'ect
Fees and costs
Date
Undetermined
Estimated Cost
Not to Exceed
$30,000.00.
J.FINANCIAL INFORMATION
1.July 1,2015 constitutional debt limit
2.Outstandin current eneral obli ation debt:
Proposed amount of indebtedness to be incurred:A specific amount
of debt to be incurred for the Eligible Urban Renewal Projects has not
yet been determined.This document is for planning purposes only.
The estimated project costs in this Plan 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 foregoing,it is estimated that the cost of the
Eligible Urban Renewal Projects as described above will be
approximately as stated in the next column:
$64,438,160
$46,927,654
Total Project Cost
is up to
$17,000,000.00;
however,expected
funding I'rom this
Urban Renewal
Area is not
expected to exceed
$2,500,000 to
$4,000,000,plus
any LMI set-aside
which could total
approximately
$750,000 to
$1,250,000.[Note:
these figures are
estimates and do
not include
financin costs]
K.URBAN RENEWAL FINANCING
The City of Waukee intends to utilize various financing tools,such as those described
below,to successfully undertake the proposed urban renewal actions.The City of
Waukee has the statutory authority to use a variety of tools to finance physical
improvements within the Area.These include:
A)Tax Increment Financing.
Under Section 403.19 of the Iowa Code,urban renewal areas may utilize
the tax increment financing mechanism to finance the costs of public
improvements,economic development incentives or other urban renewal
projects.Upon creation of a tax increment district within the Area,by
ordinance,the assessment base is frozen and the amount of tax revenue
available from taxes paid on the difference between the frozen base and
the increased value,if any,is segregated into a separate fund for the use by
the City to pay costs of the eligible urban renewal projects.The increased
taxes generated by any new development,above the base value,are
Final 9/17/15
distributed to the taxing entities,if not requested by the City,and in any
event upon the expiration of the tax increment district(s).
B)General Obligation Bonds.
Under Division IH of Chapter 384 and Chapter 403 of the Iowa Code,the
City has the authority to issue and sell general obligation bonds for
specified essential and general corporate purposes,including the
acquisition and construction of certain public improvements or urban
renewal projects within the Area and for other urban renewal projects.
Such bonds are payable from the levy of unlimited ad valorem taxes on all
the taxable property within the City of Waukee.It may be the City will
elect to abate some or all of the debt service on these bonds with
incremental taxes from this Area.
In addition,the City may determine to issue general obligation bonds,tax increment
revenue bonds or such other obligations,or loan agreements for the purpose of making
loans or grants of public funds to private businesses located in the Area for urban renewal
projects.Alternatively,the City may determine to use available funds for making such
loans or grants or other incentives related to urban renewal projects.In any event,the
City may determine to use tax increment financing to reimburse the City for any
obligations or advances.
Nothing herein shall be construed as a limitation on the power of the City to exercise any
lawful power granted to the City under Chapter 15,Chapter 15A,Chapter 403,Chapter
427B,or any other provision of the Code of Iowa in furtherance of the objectives of the
Urban Renewal Plan.
L.PROPERTY AC UISITION/DISPOSITION
Other than easements and public right-of-ways,no property acquisition by the City is
anticipated at this time.However,if property acquisition/disposition becomes necessary
to accomplish the objectives of the Plan,urban renewal powers will be carried out,
without limitation,in accordance with the State of Iowa Urban Renewal Law.
M.AGREEMENTS TO INCLUDE AGRICULTURAL LAND
Because some of the area included in the Autumn Ridge Residential Urban Renewal Area
contains land that is defined as "agricultural land"by Iowa Code Section 403.17(3),the
City of Waukee and the property owner have entered (or will enter)into an agreement in
which the property owner agrees to allow the City to include real property defined as
"Agricultural Land"in the Urban Renewal Area.A copy of the agreement is or will be
attached as Exhibit "D."The original signed agreement will be on file at the City Clerk's
office.
Final 9/17/15
N.RELOCATION
The City does not expect there to be any relocation required of residents or businesses as
part of the proposed urban renewal project;however,if any relocation is necessary,the
City will follow all applicable relocation requirements.
O.STATE AND LOCAL RE UIREMENTS
All provisions necessary to conform to State and local laws will be complied with by the
City in implementing this Urban Renewal Plan and its supporting documents.
P.SEVERABILITY
In the event one or more provisions contained in the Urban Renewal Plan shall be held
for any reason to be invalid,illegal,unauthorized or unenforceable in any respect,such
invalidity,illegality,unauthorization or unenforceability shall not affect any other
provision of this Urban Renewal Plan,and this Urban Renewal Plan shall be construed
and implemented as if such provisions had never been contained herein.
URBAN RENEWAL PLAN AMENDMENTS
This Urban Renewal Area Plan may be amended from time to time for a number of
reasons,including,but not limited to,adding or deleting land,adding or amending urban
renewal projects,or modifying goals or types of renewal activities.
The City Council may amend this Plan in accordance with applicable State law.
R.EFFECTIVE PERIOD
This Urban Renewal Plan will become effective upon its adoption by the City Council
and will remain in effect until it is repealed by the City Council.
With respect to the property included within the Autumn Ridge Residential Urban
Renewal Area,which is also included in an ordinance which designates that property as a
tax increment area and is designated based on an economic development finding,to
provide or to assist in the provision of public improvements related to housing and
residential development,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 ten
(10)years beginning with the second fiscal year following the 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 revenues attributable to that
property within the Autumn Ridge Residential Urban Renewal Area.
It is also anticipated that separate TIF ordinances for separate lots/parcel(s)may be
adopted as development in the Area warrants.
o For TIF ordinances on the Area,the frozen base for the parcels within a
TIF ordinance is set as of January I of the calendar year before the debt is
first certified on the parcel(s)within the TIF ordinance.
Final 9/17/15
o Each TIF ordinance could have separate expiration dates depending on
when debt is certified related to the respective TIF ordinance.The
expiration date will be ten years beginning with the second fiscal year
following the year in which the City first certifies debt pursuant to the
particular TIF ordinance on the Area.
o For example,if one of the TIF ordinances on an Area parcel(s)is both
adopted and first certified in 2016,then the frozen base of the parcel(s)in
the TIF ordinance is established as of I/I/2015 and fiscal year 2026-2027
is the last year (expiration date)that Tax Increment can be collected on
that particular TIF ordinance.
At all times,the use of tax increment financing revenues (including the amount of loans,
advances,indebtedness or bonds which qualify for payment from the division of revenue
provided in Section 403.19 of the Code of Iowa)by the City for activities carried out
under the Autumn Ridge Residential Urban Renewal Plan shall be limited as deemed
appropriate by the City Council and consistent with all applicable provisions of law.
Final 9/17/15
EXHIBIT "A"
LEGAL DESCRIPTION OF AUTUMN RIDGE RESIDENTIAL
URBAN RENEWAL AREA
The legal description of the Autumn Ridge Residential Urban Renewal Area is as
follows:
Lot 4,5,6,7,8,and Lot 9 of Autumn Ridge Plat I in the City of Waukee,County of
Dallas,State of Iowa
Current Parcel Numbers for this Area are the following:
Parcel Numbers:12-35-306-005,12-35-306-003,12-35-306-004,12-35-305-005,
12-35-305-004,12-35-305-003
AND
SE Olson Drive Right of Way from SE Brick Drive to SE Alice's Road AND SE Alice's
Road Right of Way from SE University Avenue to 1,200 feet north of E Hickman Road.
Final 9/17/15 A-1
EXHIBIT SBS
MAP OF URBAN RENEWAL AREA
Exhibit B
Map of Autumn Ridge Residential Urban Renewal Area Wntttkeeto
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Final 9/17/15 B-1
EXHIBIT "C"
MAP OF AUTUMN RIDGE PLAT I
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EXHIBIT "D"
ACR)CO(TURAL I AND CONS(Nr
r(GREEMENT TO INCLUDE AGRICULTURAL LAND IN TIIE
AL/TUMN RIDGE RESIDENTIAI.URBAN RENEWAL ARFA
WHERFAS,tbe City of Waukee,lowe,(the "City")has proposed to enablish the
Auuiinn Rid e Residential Urhmi Renewal Plan ("Plan")for ilia Auuanii Ridge Rcstdentisl
Urban Rcneival Arcs Hhc "Urbaa Reneivsl Area"),pursuant to Chapter 403 ol'tftc Cote ol'lowe,
in order to undertake activiti ~asthorizcd by that Chapter.and
'IVHEREAS.ii has bccn proposed that the boundaries of land included in dic Urbmi
Renewal Area will contain cwtain property owned by the undersigned Agricultural I.snd Own r;
and
'IVHEREAS,Sectinn 403.17(IO)of the Cnde of Iowa provides that no property nniy be
included in an urban renewal arms which meets ihe definition in that Section of '«gri ultural
land,"until the owners of sucli property agrrin to include sack property in iuih urlsm renewal
1/ca,sist)
WtlFREAS,it has been determined that a portion ol'thc property located within&the
Urban Renewal Area arid o vncd by thc Agricultural Land Oiviier listed below nieots thc
definition of "agricultural lznip in Secuon 403.17(3)ol'the Code of lowe;
NCIV,THERFFORF.it is hereby cenified;md agreed by itic Agricuhural Lmid Oivner
ui fiigoivs:
The Agriciiltursl Land Owner hereby certifies that he/she is the owricr ol'certain
property uitbin the proposed Urban Renewal /tres and agrees that die City of 'iVaukcc,lowe,
may include such property within the Urban Renewal Area.A rivsp of the I/rban Renewal Area
is anached as pan of dds Evlubit.
2 The Agricutiural Land Owner further mithorizes the governing body of the City of
tyaukee,Iowa,to pass sny resuluuon or ordinance necessary to designate property as part of the
Urban Renewal Arms ender Chapter 403 of th»Code of loivs,and to proceed with activities
authorized under said Chapter
DATED this t day of 3&th)AC,2015.
Name of Agricultural Land Oivner;tt 5y fork(n~'»LL
(Fitness:
I iili .'I i ilisii
EUZABETH GAMBREL
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Draft 8i24/'15