HomeMy WebLinkAbout2019-04-15-J01zEE Hurd Kettlestone LLC Dev Agr_Set PHAGENDA ITEM: J1EE
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 15, 2019
AGENDA ITEM:Consideration of approval of a resolution fixing date for a public hearing
on the proposal to enter into a Development Agreement with Hurd
Kettlestone, LLC, and providing for publication of notice thereof
FORMAT:Consent Agenda
SYNOPSIS INCLUDING PRO & CON: Development Agreement between the City and Hurd
Kettlestone, LLC, to provide incentives for development and
infrastructure improvements.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the resolution setting the date of public hearing.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY:Dan Dutcher
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
RESOLUTION NO. ____________________
RESOLUTION FIXING DATE FOR A PUBLIC HEARING ON
THE PROPOSAL TO ENTER INTO A DEVELOPMENT
AGREEMENT WITH HURD KETTLESTONE, LLC, AND
PROVIDING FOR PUBLICATION OF NOTICE THEREOF
WHEREAS, by Resolution No. 13-257, adopted October 21, 2013, and amended six
times, most recently by Amendment No. 6 adopted January 21, 2019, this Council found and
determined that certain areas located within the City are eligible and should be designated as an
urban renewal area under Iowa law, and approved and adopted the Gateway Economic
Development Urban Renewal Plan (the "Urban Renewal Plan" or "Plan") for the Gateway
Economic Development Urban Renewal Area (the "Urban Renewal Area" or "Area") described
therein, which Plan as amended, is on file in the office of the Recorder of Dallas County; and
WHEREAS, it is desirable that properties within the Area be redeveloped as part of the
overall redevelopment area covered by said Plan; and
WHEREAS, the City has received a proposal from Hurd Kettlestone, LLC (the
"Developer"), in the form of a proposed Development Agreement (the "Agreement") by and
between the City and the Developer, pursuant to which, among other things, the Developer
would agree to construct certain Minimum Improvements (as defined in the Agreement) on
certain real property located within the Urban Renewal Area as defined and legally described in
the Agreement, and consisting of the construction of an approximately 185,000 square foot
commercial building, together with all related site improvements, as outlined in the proposed
Agreement; and
WHEREAS, the Agreement further proposes that the City will construct certain 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; and
WHEREAS, the Agreement also proposes that Developer and the City will enter into a
Minimum Assessment Agreement with the County setting the minimum actual value of the
Minimum Improvements for tax purposes at not less than $18,500,000; and
WHEREAS, Iowa Code Chapters 15A and 403 (the "Urban Renewal Law") authorize
cities to appropriate such funds and make such expenditures as may be necessary to carry out the
purposes of said Chapter, and to levy taxes and assessments for such purposes; and
WHEREAS, the Council has determined that the Agreement is in the best interests of the
City and the residents thereof and that the performance by the City of its obligations thereunder
is a public undertaking and purpose and in furtherance of the Plan and the Urban Renewal Law
and, further, that the Agreement and the City's performance thereunder is in furtherance of
appropriate economic development activities and objectives of the City within the meaning of
Chapters 15A and 403 of the Iowa Code, taking into account the factors set forth therein; and
WHEREAS, neither the Urban Renewal Law nor any other Code provision sets forth any
procedural action required to be taken before said economic development activities can occur
under the Agreement, and pursuant to Section 364.6 of the City Code of Iowa, it is deemed
sufficient if the action hereinafter described be taken and the City Clerk publish notice of the
proposal and of the time and place of the meeting at which the Council proposes to take action
thereon and to receive oral and/or written objections from any resident or property owner of said
City to such action.
NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY
OF WAUKEE IN THE STATE OF IOWA:
Section 1.That this Council meet in the Council Chambers, City Hall, 230 West
Hickman Road, Waukee, Iowa, at 5:30 P.M. on May 6, 2019, for the purpose of taking action on
the matter of the proposal to enter into an Agreement with Hurd Kettlestone, LLC.
Section 2.That the City Clerk is hereby directed to cause at least one publication to be
made of a notice of said meeting, in a legal newspaper, printed wholly in the English language,
published at least once weekly, and having general circulation in said City, said publication to be
not less than four (4) clear days nor more than twenty (20) days before the date of said public
meeting.
Section 3.The notice of the proposed action shall be in substantially the following form:
(One publication required)
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 HURD KETTLESTONE, LLC, 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 May 6, 2019, 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 Hurd Kettlestone, LLC (the "Developer").
The Agreement would obligate the Developer to construct certain Minimum Improvements (as
defined in the Agreement) on certain real property located within the Gateway Economic Development
Urban Renewal Area as defined and legally described in the Agreement, consisting of the construction of
an approximately 185,000 square foot commercial building, together with all related site improvements,
under the terms and following satisfaction of the conditions set forth in the Agreement.
The Agreement would further obligate the City to construct certain 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 also proposes that Developer and the City will enter into a Minimum Assessment
Agreement with the County setting the minimum actual value of the Minimum Improvements for tax
purposes at not less than $18,500,000.
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. 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 of the City Code of Iowa.
Dated this 15th day of April, 2019.
Rebecca D. Schuett
City Clerk, City of Waukee in the State of Iowa
(End of Notice)
PASSED AND APPROVED this 15th day of April, 2019.
Mayor
ATTEST:
City Clerk