HomeMy WebLinkAboutRath Urban Renewal and Redevelopment - Amendment No. 3 - 11.7.2022Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319-291-4366
Return to preparer after recording.
AMENDMENT TO
RATH URBAN RENEWAL AND REDEVELOPMENT PLAN
RECITALS
A. On November 19, 1990, the City Council of the City of Waterloo, Iowa (the "City")
adopted Ordinance No. 3749 and Resolution No. 1990-644, determining that
certain areas (the "Original Area") located within the City are eligible and should be
designated as an urban renewal area under Iowa law, and approved and adopted
the Rath Urban Renewal and Redevelopment Plan of the City of Waterloo, Iowa
(the "Plan").
B. On June 14, 2004, the City Council adopted Ordinance 4697 and Resolution No.
2004-372, to amend the Plan by extending the property included therein (the
"Amendment No. 1 Area"), and one or more other amendments have been made to
the Plan to include additional urban renewal projects or for other purposes.
C. On July 6, 2009, the City Council adopted Ordinance 4949 and Resolution No.
2009-633, to amend the Plan by extending the property included therein (the
"Amendment No. 2 Area"), and one or more other amendments have been made to
the Plan to include additional urban renewal projects or for other purposes.
D. The City desires to amend the Plan again to enlarge the area included therein (the
"Amendment No. 3 Area") and to include new urban renewal projects and to
update related information in the Plan.
AMENDMENT
NOW THEREFORE, the Rath Urban Renewal and Redevelopment Plan, as previously
amended, is hereby further amended as follows:
1. Attachments A, B, C, and D to the Plan are hereby stricken in their entirety, and
the new Attachments A, B, C and D which are attached hereto are substituted in their place so
that the Plan shows current map (Attachment A), legal description (Attachment B), information
about bonding capacity (Attachment C) and project budgets (Attachment D).
2. The attachments listed below, each of which is attached hereto, are included in
this amendment to show compliance with procedural requirements under state law for adoption
of this amendment, but do not replace or supersede similar attachments to the original Plan or
any amendment thereto adopted prior to this amendment:
Attachment G (Planning, Programming & Zoning Commission recommendation)
Attachment H (notice of consultation)
Attachment J (resolution adopting this amendment)
Attachment K (ordinance adopting amended TIF district)
Attachment L (notice of public hearing)
3. Except as modified by this amendment, the Plan, as previously amended, shall
continue unmodified in full force and effect.
PASSED AND APPROVED this 7th day of November 2022.
ATTEST:
KelCey Fetchle
maw,
SIGNED
Kelley Felchle, City Clerk
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SIGNED
Quentin Hart, Mayor
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Attachment "A" - Rath Area T.I.F. District Expansion Boundary Map
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BASE MAP DATA SOURCE IS BLACK HAWK COUNTY.
THIS MAP DOES NOT REPRESENT A SURVEY, NO LIABILITY IS
ASSUMED FOR THE ACCURACY OF THE DATA DELINEATED HEREIN
EITHER EXPRESSED OR IMPLIED BY BLACK HAWK COUNTY, THE
BLACK HAWK COUNTY ASSESSOR, OF THEIR EMPLOYEES.
THE CITY OF WATERLOO MAKES NO WARRANTY, EXPRESS OR
IMPLIED, AS TO THE ACCURACY OF THE INFORMATION SHOWN
ON THIS MAP, AND EXPRESSLY DISCLAIMS LIABILITY FOR THE
ACCURACY THEREOF. USERS SHOULD REFER TO OFFICIAL
PLATS, SURVEYS, RECORDED DEEDS, ETC. LOCATED AT THE
BLACK HAWK COUNTY ASSESSOR'S OFFICE FOR COMPLETE
AND ACCURATE INFORMATION.
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Proposed
Expansion
875
11 11111 M
1 1 1 11111 1
1,750 Feet
Attachment "A" - Rath Area T.I.F. District Expansion Boundary Map Zoom
Proposed
Expansion
PLEASE NOTE:
BASE MAP DATA SOURCE IS BLACK HAWK COUNTY.
THIS MAP DOES NOT REPRESENT A SURVEY, NO LIABILITY IS
ASSUMED FOR THE ACCURACY OF THE DATA DELINEATED HEREIN,
EITHER EXPRESSED OR IMPLIED BY BLACK HAWK COUNTY, THE
BLACK HAWK COUNTY ASSESSOR, OF THEIR EMPLOYEES.
THE CITY OF WATERLOO MAKES NO WARRANTY, EXPRESS OR
IMPLIED, AS TO THE ACCURACY OF THE INFORMATION SHOWN
ON THIS MAP, AND EXPRESSLY DISCLAIMS LIABILITY FOR THE
ACCURACY THEREOF. USERS SHOULD REFER TO OFFICIAL
PLATS, SURVEYS, RECORDED DEEDS, ETC. LOCATED AT THE
BLACK HAWK COUNTY ASSESSORS OFFICE FOR COMPLETE
AND ACCURATE INFORMATION.
( IA
Existing Rath Urban -Renewal
708 354 0 708 Feet
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Attachment B
RATH URBAN RENEWAL AND REDEVELOPMENT
PLAN AREA LEGAL DESCRIPTIONS
Original area (1990) (Original Subarea)
Beginning at the point of intersection of the centerline of East Eleventh Street and the
Northerly bank of the Cedar River, thence Northeasterly along the centerline of East
Eleventh Street to its intersection with the centerline of Franklin Street, thence
Southeasterly and Easterly along the centerline of Franklin Street to its intersection with
the centerline of Vinton Street, thence Southerly along the centerline of Vinton Street to
its intersection with the centerline of Sycamore Street, thence Southeasterly along the
centerline of Sycamore Street to its intersection with the centerline of Dunham Place,
thence Southerly along the centerline of Dunham Place and an extension of the centerline
of Dunham Place to its intersection with the Cedar River, thence Northwesterly along the
Northerly bank of the Cedar River to the point of beginning
Amendment No. 1 area (2004) (Amendment No. 1 Subarea)
Beginning at the intersection of the centerline of Nevada Street and Lafayette Street,
thence Southeasterly along the centerline of Lafayette Street to the centerline of Glendale
Street, thence South along the centerline of Glendale Street and an extension thereof, to
the point where said extension would intersect the extension Easterly of the centerline of
Hawthorne Avenue, thence West along the extension of the centerline of Hawthorne
Avenue and the centerline of Hawthorne Avenue to the centerline of northbound
Washington Street, thence Northwesterly along the centerline of northbound Washington
Street to the centerline of West 12th Street, thence Northeasterly along the centerline of
West 12th Street and its extension Northeasterly to the Southerly line of the Cedar River,
thence Northwesterly along the Cedar River to centerline of West 11 th Street, thence
Northeasterly across Cedar River along the centerline of 11th Street bridge and continuing
Northeasterly along the centerline of East 11 th Street to the centerline of Sycamore Street,
thence Northwesterly along the centerline of Sycamore Street to the centerline of East 7th
Street, thence Northeasterly along the centerline of East 7th Street to the centerline of
Franklin Street, thence Northwesterly along the centerline of Franklin Street to the
centerline of Westbound Martin Luther King Jr. Drive, thence Northeasterly following
said Westbound centerline to the centerline of South Barclay Street, thence South along
the centerline of South Barclay Street to the centerline of Martin Luther King Jr. Drive,
thence Northeasterly along the centerline of Martin Luther King Jr. Drive to the
centerline of Linden Avenue, thence South along the centerline of Linden Avenue to the
centerline of the Canadian National Illinois Central Railroad, thence following said
railroad centerline to the centerline of Nevada Street, thence South along the centerline of
Nevada Street to the point of beginning.
Amendment No. 2 area (2009) (Amendment No. 2 Subarea)
That part of Sections 29, 30, 31 and 32 in Township 89 North, Range 12 West of the 5th
Principal Meridian in the City of Waterloo, Black Hawk County, Iowa, more particularly
described as follows:
Commencing at the intersection of the centerline of Lafayette Street and the centerline of
Glendale Street; thence South along the centerline of Glendale Street to its intersection
with the centerline of the existing spur line of the Canadian National Railroad, said point
also being the Point of Beginning; thence continuing South along the platted, now
vacated centerline of Glendale Street to the point of intersection with the Northeasterly
line of the Cedar River; thence Southeasterly following the Northeasterly line of the
Cedar River to its intersection with the East line of the City of Waterloo Corporate Limits
(as now established in Section 32, Township 89 North, Range 12 West); thence North
following said Corporate Limit line to the Southerly line of Dubuque Road; thence
Northwesterly following the Southerly line of Dubuque Road to its intersection with the
East line of Block 8 of Blowers Addition; thence South along the East line of said Block
8 to the most Southerly corner of Lot 19 Block 8 said addition; thence South to the most
Northeasterly corner of Lot 9 Block 17 Blowers Addition; thence South along the East
line of said Block 17, and an extension thereof to the Southerly line of Lafayette Street;
thence Northwesterly along the Southerly line of Lafayette Street to the Southeasterly
line of Block 2 Kahler's Addition; thence Southwesterly along the Southeasterly line of
Block 2 Kahler's Addition to the centerline of the existing spur line of the Canadian
National Railroad; thence Northwesterly along said railroad line to the Point of
Beginning.
Amendment No. 3 area (2022) (Amendment No. 3 Subarea)
Beginning at the intersection of the East line of Block 8 of Blowers Addition and the
Southerly right-of-way line of Dubuque Road; thence Northwesterly along said Southerly
right-of-way line to its intersection with the West line of said Block 8; thence
Northwesterly to the Northeast corner of Lot 30 of Block 9 of Blowers Addition; thence
West along the North line of said Block 9 to the Northwest corner of Lot 1 of said Block
9; thence Northwest to the Southeast comer of Lot 16 of Block 5 of Blowers Addition;
thence North along the East line of said Block 5 to a point on the East line of Lot 18 of
said Block 5 that is 20 feet South of the Northeast corner of said Lot 18; thence
Northwesterly to a point on the North line of said Lot 18 that is 10 feet West of the
Northeast corner of said Lot 18; thence Northwesterly to the Northwesterly corner of the
parcel described by Warranty Deed to the City of Waterloo recorded in Book 570 of City
Lot Deeds, Page 92; thence Northwest to a point on the West line of Lot 21 of said Block
5 that is 6.1 feet South of the Northwest corner of said Lot 21; thence Northwest to the
Southeast corner of Lot 7 of said Block 5, also being a point along the Southerly right-of-
way line of Dubuque Road; thence Northwesterly along said Southerly right-of-way line
to its intersection with the centerline of Colorado Street; thence North along the
centerline of Colorado Street to the centerline of French Street; thence East along the
centerline of French Street to the centerline of Arizona Street; thence South along the
centerline of Arizona Street to the centerline of Archer Avenue; thence West along the
centerline of Archer Avenue to the Northerly line of the Canadian National Illinois
Central Railroad; thence Southeasterly along said Northerly line to its intersection with
the Northerly line of Sunshine Subdivision; thence East along said Northerly line of
Sunshine Subdivision to the Northeast corner of Sunshine Subdivision, said point also
being on the Westerly right-of-way line of the former Chicago Central and Pacific
Railroad; thence North along said former Westerly right-of-way line to a point that is90.7
feet South of the North line of the Southwest 1/4 of the Northeast 1/4 of Section 30, T89N,
R12W; thence Northeasterly to a point on the Easterly line of said former Railroad right-
of-way that is 48.72 feet South of the North line of the Southeast 1/4 of the Northeast 1/4 of
said Section 30; thence North along the Easterly line of said former Railroad right-of-way
to a line that is 33 feet South of and parallel with said North quarter -quarter line; thence
East along said parallel line to the East line said Section 30; thence South along said East
line to the centerline of Ann Street; thence East along the centerline of Ann Street to the
centerline of Creston Avenue; thence South along the centerline of Creston Avenue to the
centerline of Fulton Street; thence East along the centerline of Fulton Street to its
intersection with a Northerly extension of the East line of Lot 4 of Block 8 of Auditor
Rainbows Plat of Maywood Second Filing; thence South along said Northerly extension
and the East line of said Lot 4 and a Southerly extension of the East line of said Lot 4 to
the Northeast corner of Lot 21 of said Block 8; thence West to the Northwest corner of
said Lot 21; thence South along the West line of said Lot 21 and a Southerly extension of
the West line of said Lot 21 to the Southerly line of Wyandotte Street; thence Westerly
along the Southerly line of Wyandotte Street to the Northerly line of the Canadian
National Illinois Central Railroad; thence Southeasterly along said Northerly line to the
North line of Section 32, T89N, R12W; thence East along the North line of said Section
32 to the centerline of North Evans Road; thence South along the centerline of North
Evans Road to its intersection with an Easterly line of the City of Waterloo Corporate
Limits (as now established in Section 32, T89N, R12W); thence Northwesterly and
Southerly following said Corporate Limit line to the Southerly line of Dubuque Road;
thence Northwesterly along the Southerly line of Dubuque Road to the Point of
Beginning
And also, that part of Lot 19 of Auditor's consolidated Plat lying Northeasterly of the
centerline of the spur line of the Canadian National Railroad, except the Northwest 68
feet of the Northeast 180 feet of said Lot 19, and except the Southeast 60 feet of the
Northeast 180 feet of said Lot 19.
Attachment C
City of Waterloo
Black Hawk County, Iowa
Study of Bonding Capacity as of January 1, 2019
January 1, 2019 Actual Gross Assessed Valuation $4,043,161,870
Legal Bonding Rate 5%
Legal Bonding Limit $ 202,158,094
Less Outstanding G.O. & Other Debt ($ 114,700,920)
Unused Gross bonding Capacity $ 87,457,174
56.74% of legal limit
Attachment D - Rath Urban Renewal and Redevelopment Plan Amendment No. 3 2022
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Project Proposals
Budgets
Acquisition
$6,000,000
Demolition
$6,000,000
Site Improvements
$1,500,000
Remediation
$2,500,000
Legal fees, consulting fees, and related expenses
associated with administration and operation of
the Urban Renewal Area
$1,000,000
Housing Rehabilitation
$1,000,000
Crystal II Tax Rebates
$176,252
Rath Admin rebates
$1,500,000
Powers Manufacturing rebates
$60,000
A&K Ventures - Kent Orchard; rebates/land grant
$30,000
3 Little Lambs - Black Hawk & 17th; land grant
$40,000
TNT - Black hawk & 18th; land grant
$36,400
SJ Construction - Sycamore street; land grant
$28,000
Buckets Inc. / Secor; land grant
$108,600
Crystal 2018 project Rebates
$1,300,000
Crystal 2020 project Acquisitions
Rebates
Demolition
Total
$3,200,000
$3,600,000
$3,300,000
$10,100,000
Former Pierce Auto Acquisitions
1500 Commercial Demolition
Env. Review
Total
$20,000
$50,000
$20,000
$90,000
3 Little Lambs Acquisitions
(1800 Block Black Hawk) Demolition
Total
$1,000
$100,000
$101,000
5 Bees Land grant
1813 Black Hawk and adj.
Total
$150,000
$150,000
3 Stooges Acq/Land grant
325 W 13th
Total
$96,000
$96,000
South Front Network Land
1400 blk Commercial Realtor
Demolition
Total
$25,000
$6,000
$40,000
$71,000
Alstadt Langlas Acquisitions
54 Lane St Demolition
Total
$50,000
$350,000
$400,000
A -Line Warehouse Acquisitions
Rooff Ave Rebates
Total
$300,000
$200,000
$500,000
Former Lister Concrete Acquisitions
2116 Commercial St Rebates
Total
$300,000
$200,000
$500,000
50
Total
$33,287,252