HomeMy WebLinkAboutCamp Cardinal Urban Renewal Plan1111q 4
Prepared by: Wendy Ford, 410 E. Washington St., Iowa City, IA 52240 (319) 356 -5248
RESOLUTION NO. 13 -68
RESOLUTION DETERMINING AN AREA OF THE CITY TO BE AN
ECONOMIC DEVELOPMENT AREA; DESIGNATING SUCH AREA AS
APPROPRIATE FOR AN URBAN RENEWAL PROJECT; AND ADOPTING
THE CAMP CARDINAL URBAN RENEWAL PLAN THEREFOR.
WHEREAS, this Urban Renewal Plan to be known hereafter as the "Camp Cardinal Urban Renewal
Plan" includes and consists of the following legally described land ( "Camp Cardinal Urban Renewal
Area "):
Commencing at the SW corner of the NE quarter of the SE quarter of Section 12, Township 79
north, Range 7 west; Thence NO 31' 14 "W along the east line of the Northeast quarter of said
Southeast quarter to the northerly right of way of Deer Creek Road S.E. A distance of 625.38
feet; thence N44'22'30 "W along said northerly right of way a distance of 422.28 feet; Thence
N47'30'30 "W along said northerly right of way a distance of 140.05 feet; Thence N72'57'46 "E
to the southerly line of area "A" stormwater management facility easement as recorded in Book
3877, pages 442 -446 in the office of the Johnson County recorder a distance of 411.97 feet;
Thence N83'34'00 "E along said southerly easement line a distance of 196.33 feet; Thence
N87'59'39 "E along said southerly easement line to the westerly right of way of Camp Cardinal
Boulevard a distance of 136.56 feet; Thence S3'49'42 "W along said westerly right of way a
distance of 155.89 feet; Thence southerly a distance of 179.54 feet along said westerly right of
way and the arc of a 760.00 foot radius curve, concave westerly (chord bears S2'56'21 "E a
distance of 179.12 feet); Thence S9'42'24 "E along said westerly right of way a distance of
410.07 feet; Thence S16'11'05 "W along said westerly right of way a distance of 45.56 feet;
Thence S76'39'32 "W along said westerly right of way -a distance of 71.32 feet; Thence
N87'27'39W along said westerly right of way to said northerly right of way of Deer Creek Road
S.E. a distance of 66.21 feet; Thence N44'22'30 "W along said northerly right of way to the point
of beginning a distance of352.54 feet.
WHEREAS, it is desirable that this area be developed as part of the overall development covered
by said Urban Renewal Plan; and
WHEREAS, pursuant to Iowa Code Chapter 403 and Resolution No. 13 -35, approved by this
City Council on February 5, 2013, the City held a consultation with affected taxing entities on February
21, 2013, after having published notice thereof; and
WHEREAS, no representatives of the affected taxing entities attended and no comments were
received; and
WHEREAS, pursuant to Iowa Code Chapter 403 and Resolution No. 13 -35, the Planning and
Zoning Commission reviewed and recommends approval of the Camp Cardinal Urban Renewal Plan for
its confonnity with the general plan for development of the City as a whole, as evidenced by its written
report filed herewith and incorporated herein by the reference; and
WHEREAS, pursuant to Iowa Code Chapter 403 and Resolution No. 13 -35, this Council also set a public
hearing on the adoption of the Camp Cardinal Urban Renewal Plan for this meeting of the Council, and
due and proper notice of said public hearing was given, as provided by law, by timely publication in the
Press Citizen; and
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Resolution No. 13 -68
Page 2
WHEREAS, in accordance with said notices, all persons or organizations desiring to be heard on
said 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 said public hearing has been closed.
NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
IOWA CITY, IOWA:
Section 1. That the findings and conclusions set forth or contained in the "Camp Cardinal Urban
Renewal Plan' for the area of the City of Iowa City, Iowa legally described and depicted in the Plan and
incorporated herein by reference (which area shall hereinafter be known as the "Camp Cardinal 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 that the Camp Cardinal Urban Renewal Plan conforms to the
general plan for the development of the City as a whole.
Section 3. That the Camp Cardinal 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 ofthis City.
Section 4. That the Camp Cardinal Urban Renewal Plan, attached hereto as Exhibit A and
incorporated herein by reference, be and the same is hereby approved and adopted as the "Camp Cardinal
Urban Renewal Plan'; the Camp Cardinal 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 said Camp Cardinal Urban
Renewal Plan with the proceedings ofthis meeting.
Section 5. That the Camp Cardinal Urban Renewal Plan shall be in full force and effect from the
date of this resolution until the later of the date of termination set forth in the Camp Cardinal Urban
Renewal Plan or the date on which payment of all obligations issued or advances made to carry out the
purposes thereof shall be fully provided for. Said Camp Cardinal Urban Renewal Plan shall be forthwith
certified by the City Clerk, along with a copy of this Resolution, to the Recorder for Johnson County,
Iowa, to be filed and recorded in the manner provided by law.
PASSED AND APPROVED this 5th day of March , 2013.
ATTEST:
City Clerk
Mayor ^
2-
Approved By
4kkhaAl.
City Attorney's Of co L,91;2E-1(
Resolution No. 13 -68
Page 3
It was moved by Dobyns • and seconded by Mims the
Resolution be adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
x Champion
x Dickens
x Dobyns
x Hayek
x Mims
x Payne
x Throgmorton
c xh 6 -
Camp Cardinal
Urban Renewal Plan
City of Iowa City, IA
2012
Table of Contents
Section 1— Introduction
Section 2 — Description of Urban Renewal Area
Section 3 — Area Designation
Section 4 — Base Value
Section 5 — Urban Renewal Plan Objectives
Section 6 — Proposed Urban Renewal Activities
Section 7 — Proposed Urban Renewal Projects
Section 8 — Conformance with Land Use Policy and Zoning Ordinance
Section 9 — Relocation
Section 10 — Financial Data
Section 11— Urban Renewal Plan Amendments
Section 12 —Property Acquisition/Disposition
Section 13 — Effective Period
Section 14- Severability Clause
Addendum No. 1— Legal Description
Addendum No. 2 — Location Map: Camp Cardinal Urban Renewal Project Area
Section 1- Introduction
This Urban Renewal Plan ( "Plan") for the Camp Cardinal Urban Renewal Area ( "Urban
Renewal Area" or "Area") has been developed to help local officials promote economic
development within Iowa City, Iowa. The primary goal of the plan is to stimulate, through. public
involvement and commitment, private investment in new office and research park development
in the Urban Renewal Area.
The goals outlined in this Urban Renewal Plan include the following, which include goals
detailed in the Iowa City Comprehensive Plan -1997, as amended:
Diversify and increase the propprty tax base by (1) encouraging the retention and expansion
of existing industry and (2) attracting industries that have growth potential and are
compatible with existing businesses;
Increase employment oopportunities consistent with the available labor force; u- pp
Provide and protect areas suitable for future office development;
Improve the economic health of the community through the efficient use ofresources ; =-dnd
Consider financial incentives and programs to facilitate achieving the above gaffs: - -
To help the City of Iowa City ( "City ") achieve these goals, the Iowa City Compfe6ns6ibio Plan °-
states that the City may provide financial incentives as a catalyst for private enterprise:', Other .
development sites in the metro area, which already cater to office uses, make tax ine-fement
financing available to qualifying businesses. The Comprehensive Plan, as amended, identifies
the Urban Renewal Area as suitable for development of office research park uses. The extension
of municipal sanitary sewer lines and expansion of arterial streets, including the completion of
Camp Cardinal Boulevard and the future extension of Highway 965 between Highway 6 in
Coralville and Melrose Avenue, facilitates growth in office development in the Area. The Urban
Renewal Area's location along U.S. Highway 218 makes it a highly visible development site and
provides the opportunity for the Area to serve as an attractive western gateway to Iowa City.
The City has concluded it is in the interest of its citizens to encourage the development of land
zoned for office research park use in order to provide competitive development sites for office
and research park uses. The City intends to make available the use of tax increment financing as
a means to finance the construction of some ofthe necessary public infrastructure improvements
within Camp Cardinal Urban Renewal Area. In addition, the City may make available the use of
tax increment financing to provide direct grants, loans, rebates or other incentives for qualifying
commercial or residential developments that help achieve the goals and objectives set forth
herein.
To achieve the primary objectives of this Plan, the City of Iowa City shall undertake the urban
renewal activities as specified in this Urban Renewal Plan, pursuant to the powers granted to it
under Chapters 15A and 403 of the 2011 Code of Iowa, as amended.
Section 2- Description of Urban Renewal Area
The legal description of this Urban Renewal Area is attached and incorporated herein as
Addendum No. 1- Legal Description.
The location and general boundaries of the Camp Cardinal Urban Renewal Area are shown on
Addendum No. 2 — Location Map: Camp Cardinal Urban Renewal Area, attached and
incorporated herein. This area is approximately 8 acres.
Section 3- Area Designation
With the adoption of this Plan, Iowa City designates this Urban Renewal Area as an economic
development district that is appropriate for office and research park development, which is
consistent with the current Iowa City Comprehensive Plan.
Section 4- Base Value
If the Camp Cardinal Urban Renewal Area is legally established and debt is certified prior to
December 1, 2013, the taxable valuation within the Area as of January 1, 2012 will be
considered the "base valuation." If the debt is not certified until a later date, the "base value"
will be the assessed value of the taxable property in the Urban Renewal Area as of January 1 of
the calendar year preceding the calendar year in which the City first certifies the amount of any
debt.
Section 5- Urban Renewal Plan Objectives
The overall goal of this Plan is to formulate and execute a workable program using public and
private resources to develop the Urban Renewal Area for office and research park uses. The
following objectives are hereby established for the proposed Urban Renewal Area:
To encourage and support development that will expand the taxable values ofproperty within
the Urban Renewal Area;
To encourage new development ofbusinesses in the Urban Renewal Area, in particular office
and research park development that will expand employment opportunities in the area;
To make public improvements as deemed necessary by the City to support office activity
within the Urban Renewal Area;
To provide financial incentives and assistance to qualifying projects and businesses as
necessary;
To provide for the orderly physical and economic growth of the city;
To provide other support as allowed under Iowa Code Chapters 15, 15A and 401-_': M
3,
Section _6_- _Proposcd_Urban-Renewal Activities_
1. Undertake and carry out urban renewal projects through the execution = -of itracts,
and other instruments.
2. Make or have made surveys and plans necessary for the implementation ofthe Urban
Renewal Plan or specific urban renewal projects.
3. 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 Iowa City and the State of
Iowa.
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4. Financial Incentives: To meet the objectives of this Plan and to encourage the
development of the Area, the City may determine to provide financial assistance to
qualified private businesses through the making of loans, rebates or grants under all
applicable provisions of the Iowa Code, including but not limited to Chapter 15 and
15A, and through the use of tax increment financing under Chapter 403 of the Code
of Iowa.
a. Loan, Rebates or Grants. The making ofloans or grants ofpublic funds to private
businesses within the Area may be deemed necessary or appropriate for economic
development purposes and to aid in the planning, undertaking and carrying out of
urban renewal project activities authorized under this Urban Renewal Plan and the
Code of Iowa. Accordingly, in fugtherance of the objectives of this Urban
Renewal Plan, the City may determine to issue general obligation bonds, tax
increment revenue bonds or such other obligations or loan agreements for the
purpose ofmaking loans or grants of public funds to private businesses located in
the Urban Renewal Area. Alternatively, the City may determine to use available
funds for making such loans or grants.
b. Tax Increment Financing. The City may utilize tax increment financing as a
means to help pay for the costs associated with acquisition and the development
ofthe Area, as well as utilizing such financing to achieve a more marketable, and
competitive land offering price and to provide for necessary physical
improvements and infrastructure. General obligation bonds, tax increment
revenue bonds, internal loans or such other obligations or loan agreements may be
issued by the City, and tax increment reimbursement may be sought for, among
other things, the costs of urban renewal projects(if and to the extent incurred by
the City), including but not limited to:
i. Constructing public improvements, such as streets, sanitary sewers, storm
sewers, water mains, utilities or other related facilities.
ii. Making loans or grants to private businesses, including debt service
payments on any bonds or notes issued to finance such loans or grants.
iii. Providing the local matching share of state or federal grant and loan
programs.
iv. Encourage the incorporation of energy efficient buildi tech] ,
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such as those'specified in the Iowa Green Building Standa r d, of hose.,
attaining LEED certification.
Nothing herein shall be construed as a limitation on the power of the City to e er'cise and lawfu ,
power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 4279, or any
other provision of the Code of Iowa in fixrtherance of the objectives of this Urban Renewal Plan.
Notwithstanding anything to the contrary, qualifying businesses shall be determined by the CityCouncil. The Council's determination shall be based upon any current economic development
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policy, which may be amended from time to time, as necessary in Council's discretion, and on
additional performance criteria the Council finds appropriate on a case by case basis.
Section 7 — Proposed Urban Renewal Projects
Proposed Projects for the Area include entering in to development agreements providing
financial incentives, including but not limited to provisions of land, grants, loans or other
incentives to qualified businesses or private developers interested in locating businesses in the
Area. The estimated costs of these projects are approximately $2,000,00045,000,000. Any
project considered would be in accordance with the adopted Economic Development Policies.
Section 8- Conformance with Land Use Policy and Zoning Ordinance
Comprehensive Plan
a
This Urban Renewal Area is located within the Northwest District of the City, as -stated7.ih the
Iowa City Comprehensive Plan, which designates this Area as appropriate for o#iiae research'
park (ORP) uses particularly in planned developments which allow flexibility in ihirjlaceent
and clustering ofbuildings, the modifications of street standards, and the use of opet ace: -This
Plan is consistent therewith. _ { 4 1 u
Current and Proposed Zoning and Land Uses
The Urban Renewal Area is currently undeveloped and zoned interim development- office
research park (ID-ORP), as defined by the Iowa City Zoning Code. The purpose of the interim
development zone (ID) is to provide for areas ofmanaged growth in which agricultural and other
nonurban uses of land may continue until such time as the city is able to provide city services
and urban development can occur. The interim development zone is the default zoning district to
which all undeveloped areas should be classified until city services are provided. Upon provision
of city services, the city or the property owner may initiate rezoning to zones consistent with the
comprehensive plan, as amended. The purpose of the office and research park zone (ORP) is to
provide areas for the development of large office and research firms and other complementary
uses. The requirements of this zone protect uses in the zone from adverse impact of uses on
adjacent land and protect adjacent more restrictive uses.
The proposed land uses include general office and research office uses. When the Area is
developed, it will need to be rezoned to ORP, thus removing the interim development
desimation, -to- reflect the- change -in- the -use from- non - urban- undeveloped land-to- office-research-
park development. Any fiuther rezoning requests must comply with the Comprehensive Plan, as
it may be amended from time to time.
Section 9- Relocation
As the Area is currently undeveloped, the City does not expect there to be any relocation
required of residents or businesses as part of the proposed urban renewal projects; however, if
any relocation is necessary, the City will follow all applicable relocation requirements.
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Section 10- Financial Data
1. Constitutional Debt Limit: $ 222,654,937
2. Current general obligation debt: $ 80,575,000
3. Proposed amount of indebtedness to be incurred: Although a specific amount of tax
increment debt to be incurred (including direct grants, loans, advances, indebtedness, or
bonds) for projects over time has not yet been determined, it is anticipated that the cost of
the Proposed Urban Renewal Activities and Proposed Projects identified in Section 6 and
7 above will be between $2 -5 million. In no event will debt be incurred that would
exceed the City's debt capacity. It is further expected that loans, advances, indebtedness
or bonds to be incurred for the Proposed Projects or subsequent projects, including
interest on the same, will be financed in whole or in part with tax increment revenues
from the Urban Renewal Area. The City Council will consider each request for financial
assistance or a project proposal on a case -by -case basis to determine if it is in the City'sbestinteresttoparticipate.
Section 11- Urban Renewal Plan Amendments
This Urban Renewal Plan may be amended from time to time for a number of reasons, including, but not limited to changes in the boundary, to add or change land use controls or regulations, to
modify goals or types of renewal activities, or to amend property acquisition and disposition
provisions.
If the City of Iowa City desires to amend this -Urban Renewal Plan, it may do so in conformance
with applicable state and local laws.
Section 12 - Property Acquisition/Disposition
The City may provide incentives for land acquisition in the Area. The City will foflow applicable
procedures for the acquisition and disposition ofproperty. fir.,.
Section 13 - Effective Period' ="
This Urban Renewal Plan will become effective upon its adoption by the City Council of Iowa
City and will remain in effect as a plan until it is repealed by the City Council.' The use of tax
increment financing-revenues- (including the amount of grants, loans vancP- -indebtt-.dness or
bonds which qualify for payment for the division of revenue provided in Section 403.19 of the
Code of Iowa) by the City for activities carried out under the Urban Renewal Plan is limited to
fifteen (15) years from the calendar year following the calendar year in which the City first
certifies to the County Auditor the amount of any grants, loans, advances, indebtedness or bonds
which qualify for payment from the incremental property tax revenues attributable to that
property. The use of tax increment financing incentives shall be limited as deemed appropriate
by the Council and consistent with all applicable provisions oflaw.
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Section 14: Severability Clause
If any part of this Amendment is determined to be invalid or unconstitutional, such invalidity or
unconstitutionality shall not affect the validity of the previously adopted Plan as a whole or the
previous amendments to the Plan, or any part of the Plan not determined to be invalid or
unconstitutional.
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e .P
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Addendum No. l
Legal Description of the
Urban Renewal Area
Commencing at the SW corner ofthe NE quarter of the SE quarter of Section 12, Township 79
north, Range 7 west; Thence NO 31' 14 "W along the east line ofthe Northeast quarter ofsaid
Southeast quarter to the northerly right of way ofDeer Creek Road S.E. A distance of 625.38
feet; thence N44'22'30 "W along said northerly right of way a distance of422.28 feet; Thence
N47'30'30 "W along said northerly right ofway a distance of 140.05 feet; Thence N72'57'46 "E
to the southerly line of area "A" stormwater management facility easement as recorded in Book
3877, pages 442 -446 in the office ofthe Johnson County recorder a distance of411.97 feet;
Thence N83'34'00 "E along said southerly easement line a distance of 196.33 feet; Thence
N87'59'39 "E along said southerly easement line to the westerly right ofway of Camp Cardinal
Boulevard a distance of 136.56 feet; Thence S3'49'42 "W along said westerly right of way a
distance of 155.89 feet; Thence southerly a distance of 179.54 feet along said westerly right of
way and the arc ofa 760.00 foot radius curve, concave westerly (chord bears S2'56'21 "E a
distance of 179.12 feet); Thence S9'42'24 "E along said westerly right of way a distance of
410.07 feet; Thence S 16'l 1'05"W along said westerly right of way a distance of 45.56 feet;
Thence 576'39'32 "W along said westerly right of way a distance of 71.32 feet; Thence
N87'27'39W along said westerly right of way to said northerly right of way of Deer Creek Road
S.E. a distance of 66.21 feet; Thence N44'22'3 0"W along said northerly right of way to the point
of beginning a distance of 352.54 feet.
1.;
Addendum No. 2
Location Map: Camp Cardinal Urban Renewal Area
Camp Cardinal Urban Renewal Area
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