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HomeMy WebLinkAbout2019-11-04-H04 Waukee Unified URA Amendment 9_PH AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: November 4, 2019 AGENDA ITEM: Public Hearing on the adoption of a proposed Amendment No. 9 to the Waukee Unified Urban Renewal Plan FORMAT: Public Hearing SYNOPSIS INCLUDING PRO & CON: The City Council adopted a Unified Urban Renewal Plan in 2011. The objective of the Unified Plan was to consolidate and link the urban renewal areas that had previously been approved in the past in order to maximize the future expenditure of incremental property tax revenues necessary to promote economic development. The purpose of the proposed Amendment #9 to the Waukee Unified Urban Renewal Plan is to remove certain areas of property that have not been developed to date. These areas are proposed to be incorporated into new Urban Renewal Areas over time as interest in development of the property occurs. Other modifications to the document include updates to the list of projects that increment from the district could be utilized for as well as updates to the financial data. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: In accordance with State Code, staff held a consultation with the other taxing entities affected by this plan. There was no one in attendance at the consultation. RECOMMENDATION: Hold the Public Hearing ATTACHMENTS: I. Proposed Waukee Unified Urban Renewal Plan Amendment No. 9 (refer to resolution) PREPARED BY: Brad Deets REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: Dallas County News DATE OF PUBLICATION: October 24, 2019 H4