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HomeMy WebLinkAbout2017-09-25-E02 Waukee West Urban Renewal Plan_Resolution AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: September 25, 2017 AGENDA ITEM: Consideration of approval of a 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 urban renewal plan [Waukee West Urban Renewal Area] FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Proposed Resolution PREPARED BY: Becky Schuett REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION:   RESOLUTION NO. ____________________ 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 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 Urban Renewal Plan ("Plan" or "Urban Renewal Plan") for the Waukee West Urban Renewal Area ("Area" or "Urban Renewal Area") described below 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 Waukee West Urban Renewal Area includes and consists of: THE EAST ½ OF THE NE 1/4 OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA LYING SOUTH OF THE HIGHWAY 6 RIGHT OF WAY AND EXCEPT FOR THE NORTH 440 FEET OF THE WEST 262 FEET OF THE NE ¼ OF THE NE ¼ OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST AND THAT AREA WITHIN THE WEST ½ OF THE NE ¼ OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST LYING EAST OF THE CENTERLINE OF R-16 AND 440 FEET SOUTH OF THE NORTH SECTION LINE (INCLUDES THE EAST HALF OF THE ADJOINING R-16 RIGHT OF WAY AND THE SOUTH HALF OF THE ADJOINING HIGHWAY 6 RIGHT OF WAY)(PARCEL #1135200003, 1135200006, 1135200004); AND, THE SE 1/4 OF THE SE ¼ OF SECTION 35 AND THAT AREA WITHIN THE SW 1/4 OF THE SE ¼ OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST LYING EAST OF THE CENTERLINE OF R-16 (INCLUDES THE EAST HALF OF THE ADJOINING R-16 RIGHT OF WAY IN THE SE ¼ OF THE SE ¼ AND THE NORTH HALF OF THE ADJOINING 300TH STREET RIGHT OF WAY) (PARCEL #1135400005); AND, THE NW ¼ OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA LYING SOUTH OF THE HIGHWAY 6 RIGHT OF WAY (INCLUDES ADJOINING SOUTH HALF OF HIGHWAY 6 RIGHT OF WAY AND THE ADJOINING WEST HALF OF RICHLAND PLACE RIGHT OF WAY) (PARCEL #1136100001, 1136100002, 1136100003, 1136100004); AND, THE SW ¼ OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE NORTH HALF OF THE ADJOINING 300TH STREET RIGHT OF WAY AND THE WEST HALF OF THE ADJOINING RICHLAND PLACE RIGHT OF WAY) (PARCEL # 1136300001, 1136300002, 1136300003, 1136300004); AND, THE EAST HALF OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA EXCEPT THE EAST 7 ACRES OF THE SOUTH ½ OF THE SE ¼ OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST (INCLUDES THE ADJOINING SOUTH HALF OF HIGHWAY 6 RIGHT OF WAY, THE ADJOINING EAST HALF OF RICHLAND PLACE RIGHT OF WAY AND THE ADJOINING NORTH HALF OF 300TH STREET RIGHT OF WAY) (PARCEL # 1136200001, 1136200002, 1136200003, 1136200004, 1136400001, 1136400002, 1136400005); AND, THE NORTH ½ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING SOUTH HALF OF HIGHWAY 6 RIGHT OF WAY AND ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1231100001, 1231100003, 1231100002, 1231100004, 1231200001, 1231200004, 1231200002, 1231200005, 1231200003); AND, THE EAST 57 ACRES OF THE NORTH ½ OF THE SE ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1231400007); AND, THE SE ¼ OF THE SE ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY AND THE ADJOINING NORTH HALF OF 300TH STREET RIGHT OF WAY) (PARCEL # 1231400008, 1231400009); AND, THE SW ¼ OF THE SW ¼ OF SECTION 32, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING EAST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1232300003); AND, THE WEST 884.19 FEET OF THE NW ¼ OF THE SW ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA AND THE EAST 660.98 FEET OF THE WEST 1545.17 FEET OF THE NW ¼ OF THE SW ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (PARCEL # 1231300001, 1231300007); AND, THE NORTH 26.08 ACRES OF THE NE ¼ OF THE SW ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (PARCEL # 1231300003); AND, GOVERNMENT LOT 4 AND THE NORTH 340 FEET OF THE WEST 1,337 FEET AND THE SOUTH 193 FEET OF THE NORTH 533 FEET OF THE EAST 313 FEET OF GOVERNMENT LOT 5 ALL IN SECTION 2, TOWNSHIP 78 NORTH, RANGE 27 WEST OF THE 5TH P.M. (INCLUDES THE ADJOINING SOUTH HALF OF 300TH STREET RIGHT OF WAY AND ADJOINING EAST HALF OF S AVENUE RIGHT OF WAY) (PARCEL # 1502100001, 1502100011); AND, THE SOUTH HALF OF THE NE ¼ OF SECTION 25, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY IOWA (INCLUDES THE ADJOINING WEST HALF OF S AVENUE RIGHT OF WAY) (PARCEL # 1125200004, 1125200003); AND, THE SE ¼ OF SECTION 25, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING WEST HALF OF S AVENUE RIGHT OF WAY AND THE ADJOINING NORTH HALF OF HIGHWAY 6 RIGHT OF WAY) (PARCEL # 1125400001, 1125400004, 1125400007, 1125400008, 1125400009); AND, ALL OF SECTION 30, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA, EXCEPT PARCEL "B" OF THE NORTHEAST 1/4 OF THE NORTHWEST 1/4 OF SECTION 30, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA AS SHOWN IN THE SURVEY RECORDED IN BOOK 802, PAGE 672 IN THE OFFICE OF THE DALLAS COUNTY RECORDER. (PARCEL 12-30-100- 013) AND EXCEPT PARCEL “CC” OF THE NORTHEAST ¼ OF THE NORTHWEST ¼ OF SECTION 30, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA AS SHOWN IN THE SURVEY RECORDED IN BOOK 2015, PAGE 11658 IN THE OFFICE OF THE DALLAS COUNTY RECORDER (INCLUDES THE ADJOINING EAST HALF OF S AVENUE RIGHT OF WAY, THE ADJOINING NORTH HALF OF HIGHWAY 6 RIGHT OF WAY, THE ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY AND THE ADJOINING SOUTH HALF OF 280TH STREET RIGHT OF WAY) (PARCEL 1230100015, 1230100010, 1230100006, 1230100008, 1230100009, 1230100016, 1230100005, 1230300001, 1230300002, 1230300003, 1230300006, 1230300007, 1230200001, 1230200002, 1230200003, 1230200004, 1230400001, 1230400002, 1230400003, 1230400004); AND, THE NW ¼ OF THE SW ¼ OF SECTION 29, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING EAST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1229300001); AND, THE NORTH HALF OF THE 300TH STREET RIGHT OF WAY FROM T AVENUE TO 6TH STREET (R-22) WHEREAS, the proposed Waukee West 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 Urban Renewal Plan to be known hereafter as the "Urban Renewal Plan"; and WHEREAS, the Iowa statutes require the City Council to submit the proposed 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 Waukee West Urban Renewal Area and adoption of the 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 August 24, 2017, this Council directed that a consultation be held with the designated representatives of all affected taxing entities to discuss the proposed Urban Renewal Plan and the division of revenue described therein, and that notice of the consultation and a copy of the proposed 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 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 County 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 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 "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 "Waukee West 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 Waukee West 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 not immediately expected, however, as to any areas of open land to be acquired by the City included within the Waukee West Urban Renewal Area: i. Residential use is not expected, however, with reference to any 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 expected and with reference to those 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 Waukee West 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 Urban Renewal Plan, attached hereto as Exhibit 1 and incorporated herein by reference, be and the same is hereby approved and adopted as the "Urban Renewal Plan for the Waukee West Urban Renewal Area"; the 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 Urban Renewal Plan with the proceedings of this meeting. Section 5. That, notwithstanding any resolution, ordinance, plan, amendment or any other document, the original 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 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 25th day of September, 2017. Mayor ATTEST: City Clerk Label the Plan as Exhibit 1 (with all exhibits) and attach it to this Resolution. Final URBAN RENEWAL PLAN for the WAUKEE WEST URBAN RENEWAL AREA WAUKEE, IOWA 2017 Final - 2 - TABLE OF CONTENTS SECTION A. INTRODUCTION B. DESCRIPTION OF THE URBAN RENEWAL AREA C. AREA DESIGNATION D. BASE VALUE E. DEVELOPMENT PLAN/ZONING F. PLAN OBJECTIVES G. TYPES OF RENEWAL ACTIVITIES H. ELIGIBLE URBAN RENEWAL PROJECT(S) I. FINANCIAL DATA J. PUBLIC BUILDING ANALYSIS K. AGREEMENT TO INCLUDE AGRICULTURAL LAND L. URBAN RENEWAL FINANCING M. PROPERTY ACQUISITION/DISPOSITION N. RELOCATION O. STATE AND LOCAL REQUIREMENTS P. URBAN RENEWAL PLAN AMENDMENTS Q. EFFECTIVE PERIOD R. SEVERABILITY CLAUSE EXHIBITS A. LEGAL DESCRIPTION OF AREA B. URBAN RENEWAL AREA MAP C. AGREEMENTS TO INCLUDE AGRICULTURAL LAND Final - 3 - Urban Renewal Plan for the Waukee West Urban Renewal Area City of Waukee, Iowa A. INTRODUCTION This Urban Renewal Plan (“Plan” or “Urban Renewal Plan”) for the Waukee West Urban Renewal Area (“Area” or “Urban Renewal Area”) has been developed to help local officials promote economic development in the City of Waukee. The primary goal of the Plan is to stimulate, through public involvement and commitment, private investment in new commercial and industrial development. In order to achieve this objective, Waukee (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 Waukee West Urban Renewal Area is described in Exhibit A and illustrated in Exhibit B. 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 designates this Urban Renewal Area as an area that is appropriate for the promotion of economic development, both commercial and industrial. D. BASE VALUE If the Waukee West Urban Renewal Area is legally established, a Tax Increment Financing (TIF) Ordinance is adopted and debt is certified prior to December 1, 2017, the taxable valuation within the area included in the TIF Ordinance as of January 1, 2016 will be considered the frozen “base valuation.” If debt is not certified until a later date or if a TIF ordinance is not adopted until later, the “base value” will be the assessed value of the taxable property within the TIF Ordinance area as of January 1 of the calendar year preceding the calendar year in which the City first certifies the amount of any debt on the Area. It is also anticipated that separate TIF ordinances for separate parcel(s) may be adopted as development in the Area warrants. In that case, each separate TIF ordinance area may have a separate base and separate sunset or expiration date. E. DEVELOPMENT PLAN/ZONING Waukee has a general plan for the physical development of the City as a whole outlined in the Waukee Comprehensive Plan, adopted by the City on March 10, 2008 and last amended in September 2017. The goals and objectives of this Urban Renewal Plan, Final - 4 - including the urban renewal projects, are in conformity with the City’s Comprehensive Plan. The Urban Renewal Area is currently zoned Agricultural but is anticipated to be zoned for commercial and light industrial in the future. This Urban Renewal Plan does not in any way replace or modify the City’s current land use planning or zoning regulation process. 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 amended. As the Area develops, the need for public infrastructure extensions and upgrades will be evaluated and planned for by the City. F. PLAN OBJECTIVES Renewal activities are designed to provide opportunities, incentives, and sites to promote economic development, both commercial and industrial. More specific objectives for development within the Urban Renewal Area are as follows: 1. To achieve a diversified, well-balanced economy providing a desirable standard of living, creating job opportunities, and strengthening the tax base. 2. To plan for and provide sufficient land for commercial and industrial development in a manner that is efficient from the standpoint of providing municipal services. 3. To provide for the installation of public works and facilities including, but not limited to, streets, water, sanitary sewer and other public improvements, which contribute to the revitalization of the area and to the sound development of the entire City. 4. To encourage commercial and industrial growth and expansion through governmental policies which make it economically feasible to do business. 5. To provide a more marketable and attractive investment climate through the use of various federal, state and local incentives. 6. To stimulate, through public action and commitment, private investment in new and existing commercial and/or industrial development. 7. To improve the conditions and opportunities for economic development, both commercial and industrial. 8. To help develop a sound economic base that will serve as the foundation for future growth and development. Final - 5 - 9. To improve recreational, tourism, cultural, and educational opportunities. 10. To enhance the Waukee community by fostering an entrepreneurial climate, diversifying the local economy, encouraging opportunities for new businesses, and supporting retention of existing businesses. G. TYPES OF RENEWAL ACTIVITIES To meet the objectives of this Urban Renewal Plan and to encourage orderly development of the area, the City intends to utilize the powers conferred under Chapters 403, 15, and 15A, Code of Iowa. Activities may include: - New rehabilitated, converted, or expanded industrial uses within the Area. - New, rehabilitated, converted, or expanded commercial uses within the Area. General development activities by the City in the Waukee West Urban Renewal Area 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 repair of public infrastructure including but not limited to streets, curb and gutter, street lighting, water, sanitary sewer, public utilities or other facilities in connection with urban renewal projects. 3. To make loans, forgivable loans, grants, tax rebate payments, tax exemptions or other types of economic development grants or incentives to private persons, local development organizations, or businesses for economic development purposes on such terms as may be determined by the City Council. 4. To borrow money and to provide security therefor. 5. To acquire or dispose of property. 6. To provide for the construction of specific site improvements such as grading and site preparation activities, access roads and parking, fencing, utility connections, and related activities. 7. To acquire property through a variety of means (purchase, lease, option, etc.) and to hold, clear, convert or prepare the property for redevelopment. 8. To undertake the demolition and clearance of existing development. 10. To make or have made surveys and plans necessary for the implementation of the Urban Renewal Plan or specific urban renewal projects. Final - 6 - 11. 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. 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 this Urban Renewal Plan. H. ELIGIBLE URBAN RENEWAL PROJECT(S) 1. Public Improvements Urban Renewal Project Description Estimated Time Period Estimated Cost to be reimbursed by tax increment financing Rationale (why economic development is promoted) Public Safety Facility. Construct and equip a municipal public safety facility with fire and police services and install all needed utilities and sewers, bike/pedestrian trails, street lights, traffic signals and signage, streets, turn lanes, and other projects associated with said public safety facility, as well as purchase/acquire any real or personal property necessary for the construction and operation of said public safety facility. 2020-2025 $22,000,000 - $28,000,000 A public safety facility with fire and police services will help protect the anticipated investments of future commercial and industrial developments, as well as protect the motoring public in the area. See Section J, Public Building Analysis for further information on how a public safety building within the Area promotes economic development. Douglas Parkway (280th Street) Extension – T Avenue to S Avenue 2021 - 2030 $13,000,000 - $20,000,000 Commercial/Industrial Corridor Roadway Expansion University Avenue (300th Street) Extension – 6th Street to R-16 2021 - 2030 $28,000,000 - $35,000,000 Commercial/Industrial Corridor Roadway Expansion T Avenue Widening – Douglas Parkway to University Avenue 2021 - 2025 $20,000,000 - $25,000,000 Commercial/Industrial Corridor Roadway Expansion Northwest Area Water Main Extension from University Avenue/6th Street to T Avenue/Hickman Road (multiple phases) 2019-2025 $2,000,000 - $4,000,000 Necessary water utility expansion to support commercial/industrial development expansion Northwest Area Sanitary Trunk Sewer Extension from University 2019-2025 $2,000,000 - $4,000,000 Necessary sanitary sewer utility expansion to support Final - 7 - Avenue/6th Street to T Avenue/Hickman Road commercial/industrial development expansion Total Range of $87,000,000 to $116,000,000 Note: It may be that the above costs will be reduced by the application of state and/or federal grants or programs; cost-sharing agreements with other entities; or other available sources of funds. 2. Tax Rebate or other Development Agreements Data Center Development Agreement: The City anticipates entering into a development agreement, conditioned on the adoption of this Plan, with a technology company in order to incentivize the construction of data center and support building(s) in the Area. The developer’s obligations will include executing a minimum assessment agreement setting a minimum assessed value for each completed data center building, and employing employees in the building(s). In exchange, the City would agree, among other things, to abate a percentage of the value created by each building from taxation under the authority provided by the High Quality Jobs Program and Iowa Code Section 15.322, to expedite the completion of certain public improvements, and to rebate franchise fee payments on electricity paid by developer in the event franchise fees are imposed by the City. The City does not anticipate rebating any tax increment under the development agreement. 3. Planning, engineering fees (for urban renewal plans), attorney fees, other related costs to support urban renewal projects and planning Project Date Estimated cost Fees and costs Undetermined Range of $500,000 to $1,000,000 I. FINANCIAL DATA 1. July 1, 2017 constitutional debt limit: $80,529,612 2. Current outstanding general obligation debt: $61,424,472 3. 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 $87,500,000 To $117,000,000 This total does Final - 8 - 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: not include financing costs related to debt issuance, which will be incurred over the life of the Area. J. PUBLIC BUILDING ANALYSIS A future public safety facility with fire and police services is contemplated for this Area due to the distance from existing public safety facilities and the response times for this area of the community. As development occurs, additional protection will be needed. Using tax increment financing dollars to pay for the construction and equipping of this public building is a fair and rational way to fund this urban renewal project. Alternative development and funding options for a potential public building project in the Urban Renewal Area would be for the City to go through a process that could result in the issuance of general obligation bonds to fund the project, resulting in the entire cost for the facility to be borne by City residents. This option is arguably less feasible than the use of TIF funds because there would be no contribution of tax increment revenues from affected school districts and Dallas County. Because the public safety facility listed in this Plan will benefit Dallas County residents/taxpayers and school patrons/taxpayers, the use of tax increment is the most appropriate funding mechanism because it is fair for the school districts and the county to share in the costs for the project. The project demonstrates regional benefits. Additionally, purchasing land and constructing a new public safety facility will protect this area of the City, which will promote development, thus increasing the property tax base, thereby benefiting the City, school and county. The City also intends to consider the use of other funding sources, such as state, federal, and/or local grants, and private donations. Construction of a new public safety facility will provide needed fire and ambulance protection in this western edge of the City. The current public safety facility is located approximately three miles from the proposed Urban Renewal Area. The fire district serviced by the City of Waukee extends along the Highway 6 corridor west to S Avenue. This area is included within the proposed Urban Renewal Area. Construction of a new public safety facility in the Area is necessary to allow for commercial and industrial development in the Area, including the proposed data center development. Construction of the new public safety facility in the Area will significantly reduce response times to the anticipated commercial and industrial development in the Area, and such improved responsiveness is imperative to attracting additional development to the Area, including the data center project described above. The Waukee Community School District has recently purchased property for a new high school scheduled to be open to students in the Fall of 2021. The subject property is located one half mile north of Highway 6 and east of R-22 (10th Street). Construction of a public safety facility within the proposed Urban Renewal Area will allow for minimal response time to the location of the proposed high school. In addition, the proposed City Final - 9 - Public Safety Building will be approximately three miles from the soon to be constructed Dallas County Public Safety Building, providing new opportunities for mutual assistance and increased collaboration between the Waukee Police Department and the Dallas County Sheriff’s Office. In conclusion, for all the foregoing reasons, alternative options for funding of the urban renewal projects described above are less feasible than the use of incremental taxes. K. AGREEMENT TO INCLUDE AGRICULTURAL LAND Agricultural land owners have entered or will enter into agreements in which they agree to allow the City to include their real property defined as “Agricultural Land” in the Urban Renewal Area in accordance with Iowa Code Section 403.17(3). A copy of the signed agreement of each agricultural land owner within the Urban Renewal Area is attached or will be attached as Exhibit C. The original signed agreements will be on file at the City Clerk’s office. L. 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 Areas. 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 or economic development incentives associated with redevelopment 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 distributed to the taxing entities, if not requested by the City. The City may also determine to use tax increment financing to provide incentives such as cash grants, loans, tax rebates or other incentives to developers in connection with urban renewal projects for commercial or industrial development or other urban renewal projects. 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 Areas. Alternatively, the City may determine to use available funds for making such loans or grants for urban renewal projects. In any event, the City may determine to use tax increment financing to reimburse the City for any obligations or advances. Final - 10 - B. General Obligation Bonds Under Division III 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 within the Area or incentives for development consistent with this Plan. 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. C. Other City Lawful Powers 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 this Urban Renewal Plan. M. PROPERTY ACQUISITION/DISPOSITION If property acquisition/disposition by the City becomes necessary to accomplish the objectives of the Plan, such acquisition/disposition will be carried out, without limitation, in accordance with the Iowa Code. N. RELOCATION The City does not expect there to be any relocation required as part of the eligible urban renewal projects; however, if any relocation is necessary, the City will follow all applicable relocation requirements as contemplated pursuant to Iowa Code sections 403.5(4)(a) and 403.6(7). O. STATE AND LOCAL REQUIREMENTS All provisions necessary to conform to state and local laws will be complied with by the City and the developer in implementing this Urban Renewal Plan and its supporting documents. P. URBAN RENEWAL PLAN AMENDMENTS This Urban Renewal Plan may be amended from time to time for a variety of reasons, including but not limited to, change in the area, to add or change land use controls and regulations, to modify goals or types of renewal activities, to add or change urban renewal projects, or to amend property acquisition and disposition provisions. The City Council may amend this Plan in accordance with applicable state law. Q. EFFECTIVE PERIOD Final - 11 - This Urban Renewal Plan will become effective upon its adoption by the City Council and will remain in effect as a Plan until it is repealed by the City Council. With respect to the property included within the Waukee West Urban Renewal Area, which is also included in an ordinance which designates that property as a tax increment area, 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 twenty (20) years beginning with the first calendar year following the calendar 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 a TIF ordinance of the Waukee West Urban Renewal Area. The division of revenues shall continue on the Urban Renewal Area for the maximum period allowed by law. It is also anticipated that separate TIF ordinances for separate parcel(s) may be adopted as development in the Area warrants. In that case, each separate TIF ordinance may have a separate base and separate sunset or expiration date. 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 Waukee West Urban Renewal Area shall be limited as deemed appropriate by the City Council and consistent with all applicable provisions of law. R. SEVERABILITY CLAUSE If any part of the Plan is determined to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity of the Plan as a whole, or any part of the Plan not determined to be invalid or unconstitutional. Final - 12 - EXHIBIT A LEGAL DESCRIPTION OF AREA The Waukee West Urban Renewal Area is described as follows: THE EAST ½ OF THE NE 1/4 OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA LYING SOUTH OF THE HIGHWAY 6 RIGHT OF WAY AND EXCEPT FOR THE NORTH 440 FEET OF THE WEST 262 FEET OF THE NE ¼ OF THE NE ¼ OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST AND THAT AREA WITHIN THE WEST ½ OF THE NE ¼ OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST LYING EAST OF THE CENTERLINE OF R-16 AND 440 FEET SOUTH OF THE NORTH SECTION LINE (INCLUDES THE EAST HALF OF THE ADJOINING R-16 RIGHT OF WAY AND THE SOUTH HALF OF THE ADJOINING HIGHWAY 6 RIGHT OF WAY)(PARCEL #1135200003, 1135200006, 1135200004); AND, THE SE 1/4 OF THE SE ¼ OF SECTION 35 AND THAT AREA WITHIN THE SW 1/4 OF THE SE ¼ OF SECTION 35, TOWNSHIP 79 NORTH, RANGE 27 WEST LYING EAST OF THE CENTERLINE OF R-16 (INCLUDES THE EAST HALF OF THE ADJOINING R-16 RIGHT OF WAY IN THE SE ¼ OF THE SE ¼ AND THE NORTH HALF OF THE ADJOINING 300TH STREET RIGHT OF WAY) (PARCEL #1135400005); AND, THE NW ¼ OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA LYING SOUTH OF THE HIGHWAY 6 RIGHT OF WAY (INCLUDES ADJOINING SOUTH HALF OF HIGHWAY 6 RIGHT OF WAY AND THE ADJOINING WEST HALF OF RICHLAND PLACE RIGHT OF WAY) (PARCEL #1136100001, 1136100002, 1136100003, 1136100004); AND, THE SW ¼ OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE NORTH HALF OF THE ADJOINING 300TH STREET RIGHT OF WAY AND THE WEST HALF OF THE ADJOINING RICHLAND PLACE RIGHT OF WAY) (PARCEL # 1136300001, 1136300002, 1136300003, 1136300004); AND, THE EAST HALF OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA EXCEPT THE EAST 7 ACRES OF THE SOUTH ½ OF THE SE ¼ OF SECTION 36, TOWNSHIP 79 NORTH, RANGE 27 WEST (INCLUDES THE ADJOINING SOUTH HALF OF HIGHWAY 6 RIGHT OF WAY, THE ADJOINING EAST HALF OF RICHLAND PLACE RIGHT OF WAY AND THE ADJOINING NORTH HALF OF 300TH STREET RIGHT OF WAY) (PARCEL # 1136200001, 1136200002, 1136200003, 1136200004, 1136400001, 1136400002, 1136400005); AND, THE NORTH ½ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING SOUTH Final - 13 - HALF OF HIGHWAY 6 RIGHT OF WAY AND ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1231100001, 1231100003, 1231100002, 1231100004, 1231200001, 1231200004, 1231200002, 1231200005, 1231200003); AND, THE EAST 57 ACRES OF THE NORTH ½ OF THE SE ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1231400007); AND, THE SE ¼ OF THE SE ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY AND THE ADJOINING NORTH HALF OF 300TH STREET RIGHT OF WAY) (PARCEL # 1231400008, 1231400009); AND, THE SW ¼ OF THE SW ¼ OF SECTION 32, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING EAST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1232300003); AND, THE WEST 884.19 FEET OF THE NW ¼ OF THE SW ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA AND THE EAST 660.98 FEET OF THE WEST 1545.17 FEET OF THE NW ¼ OF THE SW ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (PARCEL # 1231300001, 1231300007); AND, THE NORTH 26.08 ACRES OF THE NE ¼ OF THE SW ¼ OF SECTION 31, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (PARCEL # 1231300003); AND, GOVERNMENT LOT 4 AND THE NORTH 340 FEET OF THE WEST 1,337 FEET AND THE SOUTH 193 FEET OF THE NORTH 533 FEET OF THE EAST 313 FEET OF GOVERNMENT LOT 5 ALL IN SECTION 2, TOWNSHIP 78 NORTH, RANGE 27 WEST OF THE 5TH P.M. (INCLUDES THE ADJOINING SOUTH HALF OF 300TH STREET RIGHT OF WAY AND ADJOINING EAST HALF OF S AVENUE RIGHT OF WAY) (PARCEL # 1502100001, 1502100011); AND, THE SOUTH HALF OF THE NE ¼ OF SECTION 25, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY IOWA (INCLUDES THE ADJOINING WEST HALF OF S AVENUE RIGHT OF WAY) (PARCEL # 1125200004, 1125200003); AND, THE SE ¼ OF SECTION 25, TOWNSHIP 79 NORTH, RANGE 27 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING WEST HALF OF S AVENUE RIGHT OF WAY AND THE ADJOINING NORTH HALF OF HIGHWAY 6 RIGHT OF WAY) (PARCEL # 1125400001, 1125400004, 1125400007, 1125400008, 1125400009); AND, ALL OF SECTION 30, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA, EXCEPT PARCEL "B" OF THE NORTHEAST 1/4 OF Final - 14 - THE NORTHWEST 1/4 OF SECTION 30, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA AS SHOWN IN THE SURVEY RECORDED IN BOOK 802, PAGE 672 IN THE OFFICE OF THE DALLAS COUNTY RECORDER. (PARCEL 12-30-100-013) AND EXCEPT PARCEL “CC” OF THE NORTHEAST ¼ OF THE NORTHWEST ¼ OF SECTION 30, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA AS SHOWN IN THE SURVEY RECORDED IN BOOK 2015, PAGE 11658 IN THE OFFICE OF THE DALLAS COUNTY RECORDER (INCLUDES THE ADJOINING EAST HALF OF S AVENUE RIGHT OF WAY, THE ADJOINING NORTH HALF OF HIGHWAY 6 RIGHT OF WAY, THE ADJOINING WEST HALF OF T AVENUE RIGHT OF WAY AND THE ADJOINING SOUTH HALF OF 280TH STREET RIGHT OF WAY) (PARCEL 1230100015, 1230100010, 1230100006, 1230100008, 1230100009, 1230100016, 1230100005, 1230300001, 1230300002, 1230300003, 1230300006, 1230300007, 1230200001, 1230200002, 1230200003, 1230200004, 1230400001, 1230400002, 1230400003, 1230400004); AND, THE NW ¼ OF THE SW ¼ OF SECTION 29, TOWNSHIP 79 NORTH, RANGE 26 WEST OF THE 5TH P.M., DALLAS COUNTY, IOWA (INCLUDES THE ADJOINING EAST HALF OF T AVENUE RIGHT OF WAY) (PARCEL # 1229300001); AND, THE NORTH HALF OF THE 300TH STREET RIGHT OF WAY FROM T AVENUE TO 6TH STREET (R-22) Final - 15 - EXHIBIT B WAUKEE WEST URBAN RENEWAL AREA MAP Final - 16 - EXHIBIT C AGREEMENTS TO INCLUDE AGRICULTURAL LAND IN THE WAUKEE WEST URBAN RENEWAL AREA Final - 17 - Final - 18 - Final - 19 - Final - 20 - Final - 21 - Final - 22 - Final - 23 - Final - 24 - Final - 25 - Final - 26 - Final - 27 - Final - 28 - Final - 29 - Final - 30 - 01396903-1\21938-138