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Home My WebLink About2022-07-18 Resolution 2022-316_Triangle Business Property Improvement Program AmendmentTHE CITY OF WAUKEE, IOWA RESOLUTION 2022-316 RESOLUTION AMENDING THE WAUKEE TRIANGLE BUSINESS PROPERTY IMPROVEMENT PROGRAM IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, on August 17, 2020, the Waukee City Council approved the Waukee Triangle Business Property Improvement Program which is committed to fostering an increase in investments and business opportunity in the original downtown area of Waukee as the area has provided an identifiable node of the City's past and serves as an opportunity to promote community growth into the future (Resolution No. 2020-313); AND, WHEREAS, the Waukee Triangle Property Improvement Program is intended to provide assistance to property owners in the renovation and upgrade of older commercial, office, and mixed -use properties within the designated Waukee Triangle Property Improvement District; AND, WHEREAS, the designated Waukee Triangle Property Improvement District boundaries should be expanded and amended to include the commercial properties adjacent to the original boundaries and outlined in Exhibit A. NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council that the Triangle Property Improvement Program adopted in Resolution No. 2020-313 should be and the same is hereby amended and substituted with the program attached hereto as Exhibit A. Passed by the City Council of the City of Waukee, Iowa, and approved this the 18th day of July, 2022. Attest: C�a� y Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE Anna Bergman Pierce X R. Charles Bottenberg X Chris Crone X Larry R. Lyon X Ben Sinclair X 016�� Courtney Mrke, Mayor NAY ABSENT ABSTAIN NO Waukee 'S` It all P THE KEY TO GOOD LIVING Waukee Triangle Property Improvement Program Purpose: The City of Waukee is committed to fostering an increase in investments and business opportunity in the original downtown area of Waukee. The downtown area has provided an identifiable node of the City's past and serves as an opportunity to promote community growth into the future. The Property Improvement Fund is intended to provide assistance to property owners in the renovation and upgrade of older commercial, office and mixed -use properties within the designated Waukee Triangle Property Improvement District. Projects eligible for funding include but are not limited to: 1. Major renovation of structural elements of the building, including new or replacement roofs; 2. Total renovation and rehabilitation of underutilized building areas; 3. Additions to existing buildings; and 4. The cost associated with professional services of an architect, engineer, or other design professional. The Property Improvement Fund is separate from the Facade Improvement Program and may not be combined. Program Funding: Property owners within the designated Waukee Triangle Property Improvement District are eligible for a grant up to a maximum of $35,000. Grant awards will be based upon the value of the improvements. For the first $100,000 in improvements, the City may award a grant in the amount of $15,000. For each additional $100,000 in improvements, the City may award additional grant funds in the amount of $5,000 up to a maximum of $35,000. For example, the following grants would be available based upon the amount of investment. $100,000 investment = $15,000 grant $200,000 investment = $20,000 grant $300,000 investment = $25,000 grant $400,000 investment = $30,000 grant $500,000 investment or greater= $35,000 grant maximum Eligibility Requirements: Applicants must be owners of real property within the Waukee Triangle Property Improvement Program Boundary (see attached map) and must show proof of the following: 1. Proof of ownership of the subject property 2. Verification that tax payments are current Application Process: Property owners wishing to apply for funding through the Waukee Triangle Property Improvement Program shall submit an application to the Economic Development Department. Staff shall review the application for completeness. Once a determination of completeness has been made by staff, the application shall be referred to the City Council for consideration. Only one application can be submitted per property per year. Maximum annual funding for this program shall be at the discretion of the City Council. If the project is approved for funding, the property owner will be required to submit documentation of project expenses before release of funds. Funding will be on a reimbursement basis. Terms and Guidelines: 1. All improvements must be consistent with the Downtown Design Guidelines (httl2s://www.waukee.org/Docu entCenter/View/755/Final- Downtown-Design-Guidelines-Document-PDF) 2. Applicants are required to receive a minimum of three (3) bids from separate licensed contractors related to the work requesting use of grant funding. 3. Prior to reimbursement, the applicant must provide documentation and accurate records of all actual bills paid for construction and installation related to the improvements. 4. No portion of work started or materials purchased prior to an official notification of funding award will qualify as matching funds toward a project. 5. Each grant recipient agrees to continued maintenance of the property improvements. 6. As a part of the Funding Agreement, the property owner shall commit to creating or retaining a minimum of two (2) full time equivalent employees within the first two years following completion of the redevelopment/ renovation work, and retain those positions for an additional three (3) yea rs. 7. The City of Waukee assumes no liability for any work that is done pursuant to the Waukee Triangle Property Improvement Program. The applicant agrees to hold the City of Waukee harmless from all liability for any and all claims. Funding Approval:The approval of participation in this program does not imply that any legal entitlement is granted or that any business or property owner that meets the identified requirements will be offered the incentive. The City Council at its sole discretion shall be responsible for consideration and potential approval of the incentive. All construction work shall begin within six months of signing a Funding Agreement and a final occupancy certificate shall be issued before the property owner is allowed to submit documentation for a request for reimbursement. Waukee Triangle Property Improvement Program Boundary Properties eligible for program Economic Development Department N�V � Waukee 230 W. Hickman Road Waukee, IA 50263 +'V-� THE KEY TO GOOD LIVING Phone: (515) 978-7410 email: jbrown@waukee.org WAUKEE TRIANGLE PROPERTY IMPROVEMENT PROGRAM APPLICATION Business Name: Date: Applicant Name Mailing Address: City/State/Zip: Phone Number Work: mobile: Property Address City/State/Zip: SITE INFORMATION Present Use: Proposed Use: Legal Description: Current Zoning: Please describe the proposed improvements and timeframe. Cost of Total Project Improvements: $ Grant Funds Requested: Provide the following documents as applicable with the completed application ❑ Site Plan/Building Plan Provided/Attached ❑ Elevations Provided/Attached ❑ Itemized Cost Estimate Associated with Project Provided I hereby state that I have reviewed and consent to abide completely by the guidelines, terms and conditions of the Waukee Triangle Property Improvement Program. Owners Name: Date: