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HomeMy WebLinkAboutRiverfront Urban RenewalSTATE OF IOWA, } Black Hawk County, SS IMPORTANT NOTICE — PUBLIC HEAR- ING MONDAY, NOVEMBER 25, 2019 AT 5:30 P.M. CITY COUNCIL CHAMBERS, CITY HALL, WATERLOO, IOWA. THE PURPOSE OF THE PUBLIC HEARING IS TO DISCUSS AND MAKE AMENDMENTS TO THE AMENDED AND RESTATED DOWNTOWN WATER- LOO RIVERFRONT URBAN RENEWAL AND REDEVELOPMENT PLAN, TO INCLUDE ADDITIONAL PROJECTS AND UPDATE RELATED FINANCIAL INFOR- MATION. The area included in the Amended and Restated Downtown Waterloo Riverfront Urban Renewal and Redevelopment Plan (the "Plan") is an area of slum and blight and an economic development area within the meaning of Iowa Code Section 403.17(10). Such area is appropriate for commercial and industrial enterprises and is eligible for an urban renewal project and otherwise meets all requisites 'under the provisions of Iowa Code Chapter 403. The rehabilitation, conservation, develop- ment, redevelopment, or a combination of such activities, of such area is necessary in the interest of the public health, safety or welfare of the residents of the City of Waterloo. The plan amendment is an amendment to the Plan, originally adopted in 1974 and later amended in 1980, 1996, 2001, 2003, 2011, 2014, 2015, and 2017. The amendment is proposed to include one or more additional urban renewal projects and to update related financial summaries of bonding capacity, project expenses, and funding sources. The plan area, which is not being changed by the proposed amendment to the Plan, is described as follows: Beginning at the point where the centerline of W. 12th Street, if extended, would intersect the centerline of the Southbound Washington Street as now located (also known as U.S. Highway 218), thence Northeasterly along the extension of the centerline of W. 12th Street, and the centerline of W. 12th Street to the Southerly line of the Cedar River, thence Northwesterly along the Southerly bank of the Cedar River to the centerline of W. 11th Street, thence Northeasterly along the centerline of the 11th Street Bridge and E. 11th Street to the centerline of Sycamore Street, thence Northwesterly along the centerline of Sycamore Street to its intersection with the centerline of E. 7th Street, thence Northeasterly along the centerline of E. 7th Street to the centerline of Franklin Street, thence Northwesterly along the centerline of Franklin Street to the centerline of E. 3rd Street, thence Southwesterly along the centerline of E. 3rd Street to the centerline of Sycamore Street, thence Northwesterly, 818x9 the centerline of Sycamore, Street, and an extension thereof, to the Northerly line of the Cedar River, thence following the Northerly 'bank of the Cedar River to a point where it would intersect the centerline of Fairview Avenue, if extended Southerly, thence North along the exten- sion of the centerline of Fairview Avenue, and the centerline of Fairview Avenue to the centerline of Conger Street, thence Westerly and Southwesterly along the centerline of Conger Street and W. Conger Street to the centerline of relocated Ansborough Avenue (said point also being the intersection with the centerlines of River Road and Westfield Avenue), thence Westerly along the centerline of relocated Ansborough Ave- nue to its intersection with the West line of Courier Street, thence South along the West line of Courier Street, and an extension thereof, to the centerline of the Canadian National/Illinois Central Rail- road spur line, thence Southwesterly along the centerline of said Railroad to the centerline of West Washington Street (also known as U.S. Highway 218), thence Southeasterly along the centerline of West Washington Street to the centerline of Vaughn Street, thence Northeasterly. along the centerline of Vaughn Street to the centerline of Westfield Avenue, thence Southeasterly along the centerline of Westfield Avenue to its intersection with the East bank of Black Hawk Creek, thence Southwesterly along the Easterly bank of Black Hawk Creek to the centerline of southbound Washington Street, thence Easterly and Southeasterly along the centerline of Southbound Washington Street to the centerline of W. 2nd Street, thence Southwesterly along the centerline of W. 2nd Street to the centerline of South Street, thence Southeasterly along the centerline of South Street to the centerline of W. 4th Street, thence Northeasterly along the centerline of W. 4th Street to the centerline of Southbound Washington Street, thence Southeasterly along the centerline of Southbound Washington Street to the point of beginning. The Plan provides that the City may issue bonds or use available funds for purposes allowed by the Plan amendment, and that tax increment reimbursement of such costs will be sought if and to the extent incurred by the City.. The Plan may be further amended from time to time to respond to future development opportuni- ties. The public hearing will be held at 5:30 p.m. on Monday, November 25, 2019, in the City Council Chambers at City Hall in Waterloo, Iowa. Any questions regarding the proposed amendment to the Plan should be directed to the Planning and Zoning Office at 291-4366. Anyone who is interested may appear at same time and place and be heard or may file written objections or comments with the City Clerk, City Hall, 715 Mulberry Street, Waterloo, Iowa, before the date set for hearing. By order of the City Council this 18th day of November, 2019. Kelley Felchle, City Clerk I do solemnly swear that the annexed copy of legal City of Waterloo Public Hearing: Riverfront Urban Renewal and Redevelopment Plan Notice was published in the Waterloo -Cedar Falls Courier, a daily newspaper printed in Waterloo, Black Hawk County, Iowa, once commencing on the 19th day of November, 2019 in the name of said newspaper, and that the annexed rate of advertised is the regular legal rate of said newspaper, and that the following is a correct bill for publishing said notice. Printer's Bill $73.19 Signed Subscribed and sworn to before me this6 3 Day of n3X fl O fA.D., 20 19 cinE Received of Notary Public the sum of Dollars. In full for publication of the above notice. JODI E MCKINSTRYk cogC0MMI SIGN 0.732413 SO �i RES ip a► I t..(