HomeMy WebLinkAbout1990-644-11.21.1990 9M
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa
Date of Meeting: November 19 , 1990.
Time of Meeting: 7 : 00 o'clock P .M.
Place of Meeting: Council Chambers, City Hall, Waterloo, Iowa
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned
governmental body will meet at the date, time and place above set
out. The tentative agenda for said meeting is as follows:
- Public hearing on the proposed Rath Tax Increment
Redevelopment Area Plan.
- Resolution determining an area of the City to be a
blighted area and 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 an urban renewal project;
and adopting the Rath Tax Increment Redevelopment Area
Plan therefor.
Such additional matters are set forth on the addi-
tional page(s) attached hereto.
(number)
This notice is given at the direction of the Mayor pursuant
to Chapter 21, Code of Iowa, and the local rules of said
governmental body.
City Cle , Waterlo , Iowa
Larry P. urger /
AHLERS,COONEY DORM FILER,H AYNIE,SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA
November 19, 1990
The City Council of Waterloo, Iowa, met in Regular
session, in the Council Chambers, City Hall, Waterloo, Iowa, at
7: 00 o'clock P.M. , on the above date. There were present
Mayor Bernard L. McKinley, in the chair, and the following named
Council Members:
Dell, Fox, Angel, Buck, Budak, Brown
Absent: Wright
* * * * * * * *
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AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA
This being the time and place fixed for a public hearing on
the matter of the adoption of the proposed Rath Tax Increment
Redevelopment Area Plan, the Mayor called for any oral objections
to the adoption of the Plan. The City Clerk/Auditor reported that
no written objections thereto had been filed. The Mayor
stated that the proposed Plan had been approved by the Planning
and Zoning Commission as being in conformity with the general plan
for development of the City as a whole. The public hearing was
then closed.
[Attach summary of objections here]
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AHLERS,COONEY,DORM EILER,HAYNIE,SMITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES,IOWA
Council Member Buck then introduced the
following Resolution entitled "RESOLUTION DETERMINING AN AREA OF
THE CITY TO BE A BLIGHTED AREA AND 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 AN
URBAN RENEWAL PROJECT; AND ADOPTING THE RATH TAX INCREMENT
REDEVELOPMENT AREA PLAN THEREFOR" and moved that the same be
adopted. Council Member Budak seconded the
motion to adopt. The roll was called and the vote was,
AYES: Dell, Fox, Angel, Buck, Budak, Brown
ABSENT: Eck: Wright
Whereupon, the Mayor declared the resolution duly adopted as
follows:
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AHLERS,COONEY.DORA EILER,HAYN IE,S\I ITH&ALLBEE,P.C.
ATTORNEYS AT LAW DES MOINES.IOWA
•
RESOLUTION NO. 1990-644
RESOLUTION DETERMINING AN AREA OF THE CITY TO BE A
BLIGHTED AREA AND 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 AN URBAN RENEWAL PROJECT;
AND ADOPTING THE RATH TAX INCREMENT REDEVELOPMENT AREA
PLAN THEREFOR
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 Rath Tax Increment Redevelopment Area
Plan for the area described below has been prepared, which
proposed Plan is attached hereto as Exhibit A; and
WHEREAS, this proposed Plan Area includes and consists of:
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.
WHEREAS, it is desirable that these areas be redeveloped as
part of the overall redevelopment area covered by said proposed
urban renewal plan to be known hereafter as the "Rath Tax
Increment Redevelopment Area Plan" ; and
WHEREAS, the Iowa statutes require the City Council to submit
the proposed Rath Tax Increment Redevelopment Area 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 of such urban renewal
project and an urban renewal plan therefor; and
• WHEREAS, creation of the Rath Tax Increment Redevelopment
Area Plan Area and adoption of the Rath Tax Increment
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MILERS.Ct )NEY.Dt1RWEILER.H:11?IE.sMITH .1LLBEE.P.C.
ATTORNEYS AT LAW DESMOftES.‘OWA
BOOK 2nt3 PACE 38 .
Redevelopment Area Plan therefor, attached hereto as Exhibit A,
was approved by the Planning and Zoning Commission for the Cgeneral
planOctober 8 , 1990, as being in conformity with the
plan for development of the City as a whole, as amended, as
evidenced by its written report attached hereto as Exhibit B and
incorporated herein by this reference; and
WHEREAS, by resolution adopted November 5 , 1990, this
Council set a public hearing on the adoption of the proposed Rath
Tax Increment Redevelopment ea
ea'Plank forP its
M. imen eting
e goof
November 19 , 1990 at - 0
ncil
Chambers, City Hall, Waterloo, Iowa, and due and proper
notice
f
said public hearing was given, as provided by law, by publication
in the Waterloo Courier on November 9 , 1990, which notice
set forth the time and place for this hearing and the nature and
purpose thereof; and
• WHEREAS, in accordance with said notice, all persons or
organizations desiring to be heard on said proposed 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 WATERLOO, IOWA:
1. That the findings and conclusions set forth or contained
in the proposed "Rath Tax Increment Redevelopment Area Plan"
for the area of the City of Waterloo, Iowa legally described
and depicted on Exhibit A hereto and incorporated herein by
reference (which area shall hereinafter be known as the "Rath
Tax Increment Redevelopment Plan Area") , be and the same are
hereby adopted and approved as the findings of this Council
for this area.
2. This Council further finds:
a. A feasible method exists for the location of
families who will be displaced from the Rath Tax
Increment Redevelopment Plan Area into decent, safe
and sanitary dwelling accommodations within their
means and without undue hardship to such families;
b. The Rath Tax Increment Redevelopment Area Plan
conforms to the general plan of the City as a
whole; and
c. As to those areas of open land to be acquired by
the City included within the Rath Tax Increment
Redevelopment Plan Area:
_5_
:1t1LEtiS.C(N I\EY,pOR10EtLER.tt.U1tE.N\iITH S.1LLBEE.P.f..
ATTORNEYS AT LAW DES MOINES.IOWA ??
BGGK ���'J PAGE 88 .
•
(1) With reference to those 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 need for housing
accommodations has been or will be increased
as a result of the clearance of slums and
other areas, including other portions of the
urban renewal area; that the conditions of
blight in the area and the shortage of decent,
safe and sanitary housing cause or contribute
to an increase in and spread of disease and
crime, and constitute a menace to the public
health, safety, morals or welfare; and that
the acquisition of the area for residential
uses is an integral part of and essential to
the program of the City.
(2) 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.
3 . That the Rath Tax Increment Redevelopment Plan Area is a
blighted and an economic development area within the meaning of
Iowa Code Sections 403.17 (a) and 403.17 (20) , respectively; that
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 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.
4 . That the Rath Tax Increment Redevelopment Area Plan,
• attached hereto as Exhibit A and incorporated herein by reference,
be and the same is hereby approved and adopted as the "Rath Tax
Increment Redevelopment Area Plan for the Rath Tax Increment
Redevelopment Plan Area"; the Rath Tax Increment Redevelopment
Area Plan for such area is hereby in all respects approved; and
the City Clerk/Auditor is hereby directed to file a certified copy
of said Rath Tax Increment Redevelopment Area Plan with the
proceedings of this meeting.
• 5. That the Rath Tax Increment Redevelopment Area Plan for
the Rath Tax Increment Redevelopment Plan Area shall be in full
force and effect from the date of this resolution until the first
day of November , 2020, both dates inclusive, and said Rath
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AHLERS.GOONEY.DOM%EILER.H.11\IE.s'ITH&.\LLBEE.P.C.
ATTORNEYS AT LAW DES MOINES.IOWA cc��
BOOK 29 3 PACE 883
Tax Increment Redevelopment Area Plan shall be forthwith certified
by the City Clerk/Auditor, along with a copy of this Resolution,
to the Recorder for Black Hawk County, Iowa, to be filed and
recorded in the manner provided by law.
PASSED AND APPROVED this 19th day of November
1990. •
•
BY , � 4 nvt �it
Mayor, Bernd L. Mc mnley
ATTEST:
.//)
By
Ci C k, arry . Burger
•
•
•
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AHLERS•COONEY.DORWE1LER HAYNIE.SMITH&ALLBEE.P.C. pp
ATTORNEYS AT LAW DM Mow IO
N*
BOOK ��� PACE 884
•r `
CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
I, the undersigned City Clerk of Waterloo, Iowa, do hereby
certify that attached is a true and complete copy of the portion
of the corporate records of said Municipality showing proceedings
of the Council, and the same is a true and complete copy of the
action taken by said Council with respect to said matter at the
meeting held on the date indicated in the attachment, which
proceedings remain in full force and effect, and have not been
amended or rescinded in any way; that meeting and all action
thereat was duly and publicly held in accordance with a notice of
meeting and tentative agenda, a copy of which was timely served on
each member of the Council and posted on a bulletin board or other
prominent place easily accessible to the public and clearly
designated for that purpose at the principal office of the Council
(a copy of the face sheet of said agenda being attached hereto)
pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the
public and media at least twenty-four hours prior to the
commencement of the meeting as required by said law and with
members of the public present in attendance; I further certify
that the individuals named therein were on the date thereof duly
and lawfully possessed of their respective city offices as
indicated therein, that no Council vacancy existed except as may
be stated in said proceedings, and that no controversy or
litigation is pending, prayed or threatened involving the
incorporation, organization, existence or boundaries of the City
or the right of the individuals named therein as officers to their
respective positions.
WITNESS my hand and the seal of said Municipality hereto
affixed this 21st day of November , 1990.
Cit Cl , Waterlo , Iowa
Larry P urger
I , Michelle Temeyer, Deputy Clerk/Auditor of the City of
Waterloo, Iowa, do hereby certify that attached hereto is a true
and complete copy of Resolution No. 1990-644, as passed and
adopted by the Council of the City of Waterloo, Iowa, on the 19th
day of November, 1990 .
Witness My Hand. and Seal of Office this 6th day of December 1990.
4
1
Michelle Temeyer
Deputy Clerk/Auditor
BOOK 293 PACE 885
reii i 1
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RATH AREA REDEVELOPMENT PLAN
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I Rath Tax Increment Plan (Rath TIP)
A. Description of Project
I. Boundary Map (see attachment "A")
2. Boundary description- Beginning at the point
of intersection of the centerline of East
Eleventh St. and the Northerly bank of the
Cedar River, thence Northeasterly along the
centerline of East Eleventh St to its
intersection with the centerline of Franklin
St. , thence Southeasterly and Easterly along
the centerline of Franklin St to its
intersection with the centerline of Vinton
St. , thence Southerly along the centerline of
Vinton St. to its intersection with the
centerline of Sycamore St. , thence
southeasterly along the centerline of
Sycamore St. 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.
. 3. Types of proposed renewal actions
a: The City of Waterloo proposes to
undertake an Urban Renewal Project under
the provisions of Chapter 403 Code of
Iowa, as amended to date.
It is hereby found and declared that there
exists in the proposed Rath Tax Increment
Area, as described above, blighted conditions
which impair its development, and the
provision of municipal services necessary to
maintain a healthy and safe community. The
. . conditions in the proposed Rath Tax Increment
area constitute an economic and special
•
- liability imposing onerous municipal burdens
•
:,. which decrease the tax base and reduce tax _
revenues, and substantially impairs or
arrests sound growth.
- b. Objectives of the Plan _
.
This Plan is intended to strengthen the •7 ;economy, promote residential, commercial and
- Industrial development/redevelopment and .
• eliminate blighted areas. In accordance with -
this public purpose, the Rath Tax Increment
Project is intended to accomplish the
following objectives.
BOOR � Q'7
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TABLE OF CONTENTS
RATH NEIGHBORHOOD REDEVELOPMENT PLAN UTILIZING TAX INCREMENT
FINANCING • --
.•
A. Description of Project
B. Land Use Plan
C. Project Proposals •
• D. Other Provisions Necessary to meet State and Local
• Requirements
PROJECT BUDGET -
CITIZEN PARTICIPATION
•
LEGAL DATA
BOUNDARY MAP
• •
- LAND USE MAPS - - .. .
ZONING MAPS
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'''''''''''••-•- .- BOGY( ...2913 PAGE S85
1. Demolition of the Rath site which
is contributing to the decay of the
entire area, and put the land back
into productive use for future
industrial development in
accordance with the Future Land Use
Plan. •
2. To provide for the expansion of the
existing uses and the establishment
of new uses which are essential for
the economic development of the
area.
•
3. Improve housing conditions in the
area by eliminating blighted
conditions and encouraging private
investment in the existing housing
• stock of the neighborhood.
4. Encourage investment in the •
residential, Commercial and
Industrial existing uses and vacant
land surrounding the Rath site by
enhancing the environment and
making it more conducive to
economic development.
5. Eliminate areas of conflicting/mixed
• use.
•
' • B. Land Use Plan
• 1. This Plan is in conformance with the •
• - ' previously adopted Long Range Land Use Plan
' for the City of Waterloo.
• -2. As part of good planning and land use the
•
following goals are inherent to the
_ • realization of plan objectives:
• a. To eliminate blight, obsolescence
and inappropriate uses.
•
•••••-'. "` strengthen
b. Stimulate land uses which will
r: • - and compliment existing sound land use -
r •
• w .relationships within the surrounding
3 ' ••community.
r ' Y _v w..• w. - SFr•_ r•
►T"r.+y'St.1� '�_.-r•s:- -
„'- • c. Stabilize and increase employment in the
• area.
•
•
d. Encourage investment in the area.
•
•
•
93 �
BOOK 2 PACE- 4 •--�^
•
•
•
e. Conserve and enhance the existing
community facilities necessary to serve
the surrounding area.
3. This plan is consistent with the long range
land use plan (pp. 18-19) in that both strive
to:
•
a. Eliminate blight and inappropriate
uses.
b. Assure land uses which will strengthen
and compliment existing appropriate land
use relationships within the surrounding
. community.
• c. Encourage sound growth and investment in
the area.
•
d. Increase employment in the area by
encouraging economic development.
e. Eliminate conflicting/mixed uses.
C. Project proposals•
-
1. Project Improvements
a. Phased demolition of Rath site- Phase
one will include demolition as necessary
on the East half of the Rath site.
Phase I demolition will take place in
year one. Phase two will include the
remainder of the site (appx 5 acres) .
The demolition will begin in year two
and continue through year ten. The pace
of demolition of the Rath site may be
accelerated by State or Federal
•
• participation in funding for the •
- project.
- - -tea• .. - . . . ,-_
•
b. •Eliminating mixed uses and assembling
property for appropriate uses will occur
•
as need and funding allow.
mac. Attract new industry- There will be ` -
apprdximately 16 acres available for
industrial development on the Rath site.
d. Encourage property owners to renovate or
remove substandard structures within -
the project boundaries.
•
•
•
_.._. BOOK 293 PAGE 890 _...-
•
the total tax base after January 1,
1989 will be paid to this fund to
be used for debt service and other
neighborhood improvements.
4. Zoning and Land Use
The existing and proposed zoning and
land use are shown on the attached maps.
The proposed changes will provide
transitional areas and encourage the
elimination of mixed uses. This will
accommodate a more efficient and
productive use of the land contained in
the Rath Tax Increment Area.
D. Other Provisions Necessary to meet state and local
requirements
•
1. ' In accordance with this Tax Increment Plan,
• The City of Waterloo will take whatever action
it deems necessary to close, vacate, plan or
replan streets, roads, sidewalks, walkways or
other places within the project area.
2. In the event it is deemed necessary for the
successful implementation of the plan to
acquire any properties, land acquisition
procedures will be in conformance with
. policies and procedures used in the
City's acquisition programs. (current policy
attached)
3. In the event any properties are acquired and
it is necessary to relocate families,
individuals or businesses, relocation
assistance will be provided by the City's
Community Development relocation staff.
•
4. In the event that conformance with Federal
and State requirements or funding conditions
is necessary, the City may take whatever
action is needed to comply.
-,.. E. Procedures for changes in the plan:
1. This plan may be modified at any time provided
•_ .; _ it is don in accordance with chapter 403 of • •'
•.�; .�,,..,, ,1 the Code of Iowa and the proposed plan
•
. • .•..-, . modification is approved by the Waterloo .
. Planning, Programming, and Zoning Commission -
.- and a public hearing is held.
•
• BOON 293 PACE 1
•
2. Land acquisition and disposition
a. Acquisition of private property is
authorized through the means provided in
Chapter 403 , Code of Iowa.
b. Acquisition of property would be
undertaken only if rehabilitation of the
property is impractical or properties
- are needed for redevelopment by the City
or another governmental agency, or to
promote the orderly redevelopment and
growth of the area.
c. Disposition of property shall be consis-
tent with the objectives of this plan.
• 3. Rehabilitation and conservation
• • a. Methods to be employed in achieving
rehabilitation and conservation of the
neighborhood.
1. Vigorous code enforcement will
allow the area to develop/redevelop
in an orderly and positive manner
- - that will be beneficial to the
neighborhood as well as the city as
:.a. a whole.
- 2. Owners will be encouraged to improve
• - their properties, or to clear them
if substandard and not feasible to
: rehabilitate in accordance with the
• • applicable laws and regulations of
the City of Waterloo and the State
• of Iowa.
3. Each structure upon completion of
4--fr rehabilitation must be decent, safe,
•
x ter"``:-- ' - and sanitary in all physical aspects
f =y }} and be refurbished and or altered in
i ri
.- _ • _ -. - order to bring the property up to
- minimum City Code requirements. The
" specific rehabilitation requirements
` i 4' -. •will be determined in each instance •
z
= " 'in order to meet these goals.
�; �'` ;� :: 4: Redevelop vacant land and structures
- :•ri . :c. _ within the tax increment area.r _ . .-
5. Establish a Tax Increment Fund to
which the incremental taxes for the
- Aarea will be paid. Any increase in
. 1
- BCK; 293 PACE -
•
F. Relocation
1. All relocation will be carried out in
accordance with Iowa Code, Chapter 403.5, 4a
(1989) .
G. Project Funding
•
1. Capital for demolition of the Rath site
Capital for the Rath Redevelopment Project
will be provided by 15 year General Obligation
Bonds and any other City, State or Federal Monies
which may become available.
2. Capital for neighborhood improvements
•
Capital to make neighborhood improvements will be
• provided by one-half the increased tax increment
revenues resulting from private investment in the
Rath area and from the resale of the cleared
property.
3. Debt service
An increasing amount of the funds for debt service
will be generated from the incremental taxes
resulting from increased investment in the Rath
area. Until the portion of the increment
allocated to debt service is sufficient to provide
positive cash flow the bonds will be backed by the
full faith and credit of the municipality.
II Project Budget
A. Narrative
The estimated cost for the demolition of the Rath site
is $5,000,000 and the neighborhood improvements are
estimated to be an additional $1,086,190. It is
proposed to complete the demolition over a ten year •
time period with bonds being issued at a rate of
$475,000 the first year, $500,000 in years two through •
nine and $525,000 in year ten. The amount of bonding
- � necessary for demolition maydecreased be
by State -•t. �,, ._.
and/or Federal participation in the demolition expense. ~_
The success of the tax increment program is dependant
upon the amount and timing of investment in the Rath
Tax Increment area. Three projections are provided for `=
the debt service on these bonds.
Projection 1 assumes an increase of $6,300,000_ in the _ _
tax increment area assessed value over a twelve year
BOOK 293 PAGE 893- _ _,.
•
period. For the first sixteen years of the project one
half of the incremental tax will be used to service the
debt and the remaining portion will be used for
neighborhood improvements. This projection shows a
positive cash flow from the increment in year twenty-
one (2011) .
Projection 2 assumes an increase of $9,300,000 in the
tax increment area assessed value over a twelve year
period. For the first fourteen years of the project
one half of the incremental tax will be used to service
the debt and the remaining portion will be used for
neighborhood improvements. In year fifteen $72, 190
• will be used to complete the neighborhood improvements
and the remainder will be used for debt service. This
projection shows a positive cash flow from the
increment in year nineteen (2009) .
•
• Projection 3 assumes an increase of $4,800,000 in the
tax increment area assessed value over a fifteen year
period. For the first nineteen years of the project
one half of the incremental tax will be used to service
the debt and the remaining portion will be used for
neighborhood improvements. In year twenty $27,190
• will be used to complete the neighborhood improvements
and the remainder will be used for debt service. This
projection shows a positive cash flow from the
• - - increment in year twenty-two (2012) .
•
B. Proposed Timing Schedule
1. With the ever increasing environmental
concerns and regulations the longer the site
remains in its deteriorating condition more
regulations are likely to be placed which
will add to the cost of removing the
• buildings from the site which will in turn
increase the cost of demolition as well as
continuing to contribute to the blight in the
neighborhood. To achieve the most timely
•
benefits we propose a phased approach as
follows:
'• Phase I demolition will include demolition of
_ the East half of the Rath site as necessary..
• - - :< Estimated cost for Phase I is $550,000.
Phase I will- be accomplished in 1991.
`• Phase II demolition will include the
r , " .;�" _ remainder of the Rath site. Estimated cost
for Phase II is $4,450,000. Phase II will
start in 1992 and will continue until •
demolition is complete (anticipated
completion date: December 2001) Federal and
State participation in the funding will
accelerate the demolition of the site and
• BOOK ��� PAGE 894 -.- -_
•
will make land available earlier for
redevelopment and to contribute to the tax
increment.
Demolition of dilapidated structures and
assembling land for future redevelopment
will be financed or reimbursed with one-half
of the incremental taxes. This will occur as
need and funds dictate. These improvements
will also include the acquisition and
combination of smaller lots to eliminate
conflicting/mixed uses.
III Citizen Participation
A. Community Development Board
The Community Development Board secured a $4.5
million loan to Rath in 1980 by taking a mortgage
on Waterloo Real Estate, machinery and equipment.
The Company filed bankruptcy and liquidated in
November 1985. The Mayor, by using the
indebtedness as leverage, purchased the real
estate for $400, 000. _
•
Several small parcels were immediately sold to
various companies. Following several attempts by
the Mayor and City Council to sell the property to
potential developers and making a payment to the
County for back taxes, the Community Development
-Board assumed responsibility again. The reason
the Community Development Board has the
responsibility is that all receipts must be used
for Community Development activities.
A consulting/engineering firm was retained by the
Community Development Board to take a close look
. at the buildings and site to determine the reuse
possibilities. The study indicated that nearly
all the buildings were obsolete and should be
• demolished at an estimated cost of $3.5 to $5
million. The study also contained several
alternatives to which buildings could remain.
•
T - The Mayor appointed a Blue Ribbon Committee to
- = .:.. . .'review the study and select the best alternative.
J _ This committee'reported that the best alternative
."3- y .12 vas total demolition with the exception of the
I - - • Administration Building and the Maintenance
= Building.
The Community Development Board has been marketing
the two buildings, looking for funds to clear the
•_.. BOOT; 293 PACE 895
•
site. At the same time plans have been prepared
to replat the land as an industrial park.
B. Rath Blue Ribbon Committee
The committee recommended that the demolition of •
the site be a two phase endeavor. The first phase
should include the East portion of the Rath site.
The committee recommended bonding to fund the
demolition and a tax increment area along with the
proceeds from the sale of land to cover the costs
of debt service.
It was the opinion of the committee that the city
should act as the initial developer of the area;
however, the city should transfer this role as
soon as viable developer(s) from the private
sector are available. •
•
Finally, the committee noted that demolition
should begin as soon as possible; however,
consideration must be given to the city's bonding
capacity, public opinion and the anticipated rate
of the site's redevelopment.
C. Neighborhood meetings
A neighborhood meeting was held June 27, 1990 from
7:00 to 9:00 p.m. at St. Johns school cafeteria.
Approximately 100 interested citizens attended.
Citizens were generally in favor of the plans for
the Rath site and had many questions concerning
the specifics of the plan and how it would impact
their property.
. IV Legal Data
A. Resolution authorizing Planning, Programming and
Zoning staff and Community Development staff to
prepare the plan
• B. Opinion of City attorney certifying
conformance with state and local laws
C. Notice of public hearing and extract of
minutes
_�, ._ > D. Approval of the plan by the city of
-• Waterloo Planning Programing and Zoning .
t Commission
K. City Council Resolution Approving the Rath Area
• - Redevelopment plan
t .. Y • F. Ordinance requiring that incremental taxes be paid
to a special fund -• .
- 10-16-90
•
BG'Gn 273 PAGE 000 ---
RESOLUTION NO. 1990-579
A RESOLUTION AUTHORIZING THE PLANNING, PROGRAMMING
AND ZONING COMMISSION AND THE COMMUNITY
DEVELOPMENT BOARD TO DEVELOP AN ACTION PROGRAM FOR
AN AREA IN THE RATH SITE NEIGHBORHOOD OF THE CITY
OF WATERLOO.
WHEREAS, the Iowa Code, Chapter 403 (1989) , provides
that the political subdivisions of the State of Iowa may
undertake and carry out Urban Renewal Projects within their
corporate boundaries; and
WHEREAS, Section 403.19, Division of Revenue from
Taxation, provides a local financing mechanism for
implementing an action program; and
WHEREAS, there are one or more slum, blighted, or
• economic development areas existing in the area; and
• WHEREAS, the rehabilitation, conservation,
redevelopment, development, or a combination thereof, of the
area is necessary in the interest of the public health,
safety, or welfare of the residents of Waterloo; and
WHEREAS, the Planning, Programming and Zoning
Commission and the Community Development Board have the
knowledge and expertise to make the required study and
prepare a plan of action.
• NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
• THE CITY OF WATERLOO, ICWA, that the Planning, Programming
and Zoning Commission and the Community Development Board
is hereby authorized to develop an action program for the
area hereinbefore outlined and submit such program to the
•
City Council for their study and approval.
PASSED AND ADOPTED this 1st day of October, 1990.
fit.._
t � /f'j7 �Lu •cam
•
Bernard L. McKinley, Mayor.-'
. :K ATTEST:
74.. j zt I / L �.�
• Lary P. Burger, City Clerk/Auditor
/7
•
•
•
BOOK 293 PACE 897 ___
•
=' h
ii3O.1�.\A.,y_ IOWA
lti��/ CITY OF WATERLOO, WA
� � P. '�qopr„ t� CITY HALL • 715 MULBERRY STREET 50703 • (319)291-4327
.....
wry
�4erloo `� _CITY ATTORNEY: ASSISTANTS
Hugh M.Field Timothy J.Luce
Donna Lesyshen
San -KI Han
LEGAL DEPARTMENT
RATH AREA REDEVELOPMENT PLAN
OPINION OF CITY ATTORNEY
It is the opinion of the undersigned Attorney for the City
of Waterloo that the Rath Area Redevelopment Plan conforms with
state and local laws. •
Dated this llth day of October 1990.
.-- 145.%)
4.,\A4
‘..)()k -
Hugh M. Field, City Attorney .
•
•
-! •
x •a } t.+L+�'•r.....J.. •. n .Ati. t ... ::•r. �_(rf/V 07/
? 19g
ma!s.. .-fq ,itzt- 4r�� .e Zn`: -r • .i • _ / T. 6�
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•
•
' •_...: •.-_ ..._. .. 's • -
•
• BOON 293 PACE 898
•
•
A RESOLUTION APPROVING THE PROPOSED TAX INCREMENT FINANCING
PLAN FOR THE FORMER RATH PACKING SITE AND SURROUNDING AREA
WHEREAS, a.Tax Increment Financing Plan has been
proposed for demolition and site clearance of the former •
Rath Packing Company site; and
WHEREAS, the plan is in conjunction with the
revitalization of the area surrounding the Rath site; and
WHEREAS, the proposed plan is in conformance with
the Long Range Land Use Plan for the area;
NOW THEREFORE, BE IT RESOLVED by the Planning,
• Programming and Zoning Commission of the City of Waterloo,
Iowa, that the proposed Tax Increment Financing Plan for the
- former Rath Packing Company site and surrounding area, is
hereby -approved and recommended to the City Council of the
City of Waterloo, Iowa, for their approval.
• Passed and adopted this 8th day of October, 1990
•
Tom Langlas, Chairman
ATTEST:
Bo. Stevenson, Secretary
• CERTIFICATE
We, Tom Langlas, Chairman, and Bob Stevenson, .Secretary, of
• the Planning, Programming and Zoning Commission of the City
-of Waterloo, do hereby certify that the foregoing is a true
and correct copy of a certain resolution adopted by the
• Planning, Programming and Zoning Commission of the City of
" ' Waterloo, Iowa, on the date thereon indicated.
- . Tom Langlas, Chairman • - .
= ^•; Bob Stevenson, Secretary • . _•
TIFPLAN-1 •
•
•
•
BOOK 293 PACE 899
di
. im���', c CITY OF WATERLOO, IOWA
''ram It`f'�/�
.;v
�._ COMMUNITY DEVELOPMENT BOARD
°�fer►Qo `o CITY HALL • 715 MULBERRY STREET 50703 • (319) 291-4429
October 19, 1990
Mr. Richard Earles, Planner
Planning and Development Division
. City of Waterloo -
City Hall
Waterloo, Iowa 50703
RE: Rath Area Redevelopment
- TIF TIF Plan
Dear Rich:
This letter is to notify you that the Community Development Board at its
regular meeting of October 17, 1990 approved the Rath Plan for Tax Increment
Financing. The Board recommends that you request the City Council to proceed .
in accordance with Chapter 403 of the Iowa Code.
If you should have any questions or need additional information concerning
this matter, please feel free to call on me.
- Sincerely,
;. •
• •
A : : -tt-:: .
-F , James N. Lindsey
• • Administrator - .
r ' JNL:an .'h� %-
t ^---, "-;l;,=�" - ..
BOOK 293 PAGE 900 .._
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RATH REDEVELOPMENT AREA
TOTAL STRUCTURES RATED 172
RESIDENTIAL 136
COMMERCIAL* 36
STRUCTURE CONDITIONS
COMMERCIAL* RESIDENTIAL
rating** number of structures rating** number of structures
1. 3 1. 2
2. 24 2. 81
3. 7 3. 48
4. 2 4. 5
•
*commercial structures are identified by current or last use
• - **key tb structure rating
1. very good or new
2. standard(meets housing code)
3. substandard
.�' 4. deteriorated
X demolished
•
•
•
•
•
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•
•
. BOOK 293 PACE 903
. . . ,
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BOON ,Ut) PAGE %.7.1.1 I _.............
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CITY OF WATERLOO, IOWA
ACQUISITION CHECK LIST
1. City of Waterloo personnel determine property owners affected by the
project.
2. City of Waterloo - Appraisers then inspect each property and make a
written appraisal report on each property affected by the project. The
appraisal report will estimate the current market value of the land and
improvements to be purchased by the City of Waterloo, plus any reduction
in the value of remaining property should its value be adversely affected.
The appraiser will contact the property owner for permission to inspect
and study the property. The appraiser will interview the land owner to
get information about the use and operation of the property to be
purchased by the City of Waterloo.
3. The appraiser's report will be reviewed by qualified review appraisers for
the City of Waterloo.
•
4. Property owner will then be contacted by an Acquisition Agent from the
City of Waterloo to present the property owner with an 'offer to
purchase". This dollar amount is offered as just compensation for
property being purchased by the City of Waterloo.
5. After agreement is reached, a contract is approved and signed by the City.
Where title conditions permit, a partial payment of the purchase price can
also be made available per the term of the contract.
6. Reasonable time will be allowed for the occupant to vacate property
• • purchased. Occupant will not be required to move sooner than ninety (90)
days from the date the City makes the first offer to acquire the property.
7. Written notice specifying the date the property must be vacated will be
given at least thirty (30) days prior to the required vacation date. The
• thirty (30) day notice 'will not be issued until payment by the City is
received as agreed, or the money has been deposited by the City as
prescribed by law.
�;.. - 8. The City Acquisition Agent will arrange payment at the earliest possible
- - . date.
9. If the City's acquisition offer is rejected, fair market value will be
determined in the course of eminent domain proceedings (commonly referred
.to as condemnation).
•
r,• •
•
•
'. •
_ _ ._ . BOOK 293 PACE 9 8
CITY OF WATERLOO, IOWA
RELOCATION CHECK LIST
1. City of Waterloo personnel determine property owners affected by the
project.
2. City of Waterloo - Relocation Agent will contact family/occupant to
determine the amount of eligible relocation benefits such as:
a) Actual reasonable expenses as a result of moving (based upon two (2)
quotations from movers approved by City of Waterloo) .
3. To be eligible for assistance, occupant must not move until negotiations
have started on the acquisition of the property without jeopardizing
eligibility for moving cost payments.
4. If dissatisfied with the determination of the amount of payment offered
under the Relocation Assistance Program, displacees may have the
application reviewed by:
a) Sending a written statement requesting the review and outlining the
items in dispute to the Director, Planning & Development Division,
City of Waterloo, 715 Mulberry, Waterloo, Iowa 50703.
b) Stating the amount or amounts being claimed, if any, and including
documentation and reasons why dissatisfied with the amount offered.
5. Upon receipt of your claim application, the Planning and Development
• Director will appoint a review board and notify you when and where a
hearing will be held. The review board will recommend a decision on your
claim to the City of Waterloo. The Relocation Assistance Supervisor will
• notify you in writing of the City of Waterloo's decision within one (1)
week.
•
•
•
•
•
•
•
t -
•
•
BOU 293 PAGE 9
Exhit- i + 8 "
•
A RESOLUTION APPROVING THE PROPOSED TAX INCREMENT FINANCING
PLAN FOR THE FORMER RATH PACKING SITE AND SURROUNDING AREA
WHEREAS, a Tax Increment Financing Plan has been
proposed for demolition and site clearance of the former
Rath Packing Company site; and
WHEREAS, the plan is in conjunction with the
revitalization of the area surrounding the Rath site; and
WHEREAS, the proposed plan is in conformance with
the Long Range Land Use Plan for the area;
NOW THEREFORE, BE IT RESOLVED by the Planning,
Programming and Zoning Commission of the City of Waterloo,
Iowa, that the proposed Tax Increment Financing Plan for the .
former Rath Packing Company site and surrounding area, is
hereby approved and recommended to the City Council of the
City of Waterloo, Iowa, for their approval.
Passed and adopted this 8th day of October, 1990
V>,%\1•,.\\(-4\--\pgm=,
Tom Langlas, C a„-man
ATTEST:
Bo Stevenson, Secretary
• CERTIFICATE
We, Tom Langlas, Chairman, and Bob Stevenson, Secretary, of
the Planning, Programming and Zoning Commission of the City
of Waterloo, do hereby certify that the foregoing is a true
•
and correct copy of a certain resolution adopted by the
d• ,�.: Planning, Programming and Zoning Commission of the City of
_ :-- •: - , •': Waterloo, Iowa, on the date thereon indicated. •
' .1.74 .-cfNlj.4.1.1k=, .
Tom Langlas, Chairman
- zz--. .- - ..-..--. -...,-.:-.-.--- ...Bijeti.44-:,_..,_
-..,».ram. -....:4. _. .: Bob Stevenson, Secretary rf. Z f
.w�wyT a3
oe Misc
t(
L
BLACK HAWK COUNTY,9IOWA.SS
Filed for record Dec_26 19 90
w M
3:55 P c
, and recorded in cp
-
Misc Book 293
w
Page 881 w
N
N
Q."‘40-#)/2.414 :,4)1 0
rn
Recorder
Deputy
City of Waterloo
BOOK 293 PAGE 910