HomeMy WebLinkAboutMemo Taxing Entities Consultation on San Marnan Urban Renewal Plan Project Amendment 2023CITY OF
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Planning & Zoning Phone: (319) 291-4366 ".
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Memorandum
TO: Linda Laylin, Chairperson, Black Hawk County Board of Supervisors
Dr. Jared Smith, Superintendent, Waterloo Community Schools
FROM: Noel Anderson, Community Planning & Development Director
DATE: October 23, 2023
RE: San Marnan Urban Renewal and Redevelopment Plan Project Amendment (2023).
Pursuant to Iowa Code Chapter 403.5, please find a copy of the San Marnan Urban
Renewal and Redevelopment Plan Project Amendment (2023). A consultation to discuss
this proposal will be held on November 3, 2023 at 1:40 p.m. in the Mollenhoff
Conference Room located on the second floor of City Hall, 715 Mulberry Street. Staff is
proposing to amend the Plan to include additional urban renewal projects and to update
related financial summaries of bonding capacity, and project expenses. Please find
attached a copy of the proposed amendment.
If you should have any questions, please do not hesitate to contact our office at
319.291.4366.
cc: TJ Koenigsfeld, Black Hawk County Assessor
Tim Jamison, Black Hawk County Auditor's Office
Prepared by Aric Schroeder, City of Waterloo, 715 Mulberry Street, Waterloo, IA, 50703 319-291-4366
Return to preparer after recording.
AMENDMENT TO
SAN MARNAN URBAN RENEWAL AND REDEVELOPMENT PLAN
RECITALS
A. On April 19, 1999, the City Council of the City of Waterloo, Iowa (the "City")
adopted Ordinance No. 4351 and on July 26, 1999 adopted Resolution No. 1999-
499, determining that certain areas located within the City are eligible and should
be designated as an urban renewal area under Iowa law, and approved and
adopted the San Marnan Urban Renewal and Redevelopment Plan of the City of
Waterloo Iowa (the "Plan")(Original area).
B. On December 13, 2004, the City Council adopted Ordinance 4748 and Resolution
No. 2004-835, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
1 area).
C. On September 14, 2009, the City Council adopted Ordinance 4956 and Resolution
No. 2009-912, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
2 area).
D. On December 18, 2017, the City Council adopted Ordinance 5431 and on
November 27, 2017 the City Council adopted Resolution No. 2017-964, in which it
was agreed to amend the Plan by removing property included therein, and one or
more other amendments have been made to the Plan to include additional urban
renewal projects or for other purposes (Amendment No. 3 area).
E. On December 18, 2017, the City Council adopted Ordinance 5432 and on
November 27, 2017 the City Council adopted Resolution No. 2017-965, in with it
was agreed to amend the Plan by extending the property included therein, and one
or more other amendments have been made to the Plan to include additional urban
renewal projects or for other purposes (Amendment No. 4 area).
F. On July 22, 2019, the City Council adopted Ordinance 5507A and on July 8, 2019
the City Council adopted Resolution No. 2019-518, in which it was agreed to
amend the Plan by extending the property included therein, and one or more other
amendments have been made to the Plan to include additional urban renewal
projects or for other purposes (Amendment No. 5 area).
G. On July 13, 2020, the City Council adopted Ordinance 5564 and Resolution No.
2020-522, in which it was agreed to amend the Plan by extending the property
included therein, and one or more other amendments have been made to the Plan
to include additional urban renewal projects or for other purposes (Amendment No.
6 area).
G. The City desires to amend the Plan again to include new urban renewal projects
and to update related information in the Plan.
AMENDMENT
NOW THEREFORE, the San Marnan Urban Renewal and Redevelopment Plan, as
previously amended, is hereby further amended as follows:
1. Attachments C and D to the Plan are hereby stricken in their entirety, and the
new Attachments C and D which are attached hereto are substituted in their place so that the
Plan shows the current information about bonding capacity and project budgets.
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 H (notice of consultation)
Attachment J (resolution adopting this amendment)
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 loth day of November , 2023.
ATTEST:
xelTey Eerchte
Kelley Felchle, City Clerk
2
6,2uer tl/Z l SIGNIO
Quentin Hart, Mayor
Attachment C
City of Waterloo
Black Hawk County, Iowa
Study of Bonding Capacity as of January 1, 2022
January 1, 2022 Actual Gross Assessed Valuation $4,413,275,637
Legal Bonding Rate 5%
Legal Bonding Limit $ 203,580,256
Less Outstanding G.O. & Other Debt ($ 128,517,458)
Unused Gross bonding Capacity $ 75,062,798
63.13% of legal limit
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
1)
2)
3)
4)
5)
6)
7)
Project Proposals
ATTACHMENT D
San Marnan Project Amendment (2023)
Proposed Budgets
Future or Anticipated Acquisition
Acquisition
$22,000,000
Future or Anticipated Demolition
Demolition
$3,000,000
Site Improvements, Platting
Site Improvements, Platting
$2,000,000
Sanitary Sewer, Water, Road, RISE match
Utility/ Infrastructure expansion
$12,000,000
Legal Fees, Consulting fees, and related expenses
associated with administration and operation of the
General Administrative Fees
$1,300,000
Urban Renewal Area
Total
$1,300,000
Miscellaneous (certification, environmental)
Misc. Expenses
$500,000
Total
$500,000
Office building (Country Club Addition)
Grant
$20,000
Rebates
$500,000
Total
$520,000
Evaluation of traffic patterns throughout area
Construction
$1,200,000
Traffic Study
$400,000
Right-of-way acquisition
$100,000
Total
$1,700,000
Reconstruction of Shaulis Road and Shaulis
Acquisition
$600,000
Road/Dysart Road/Hwy 218 intersection
City Property
$200,000
Construction
$8,250,000
Landscaping, Enhancements, Trail
$100,000
Engineering Fees
$750,000
Construction Administration
$100,000
Total
$10,000,000
Flood Plain Mapping
Engineering Fees
$400,000
Total
$400,000
Lost World Theme Park
Grant
$14,000,000
Rebates
$3,700,000
Total
$17,700,000
VGM
Grant
$700,000
Rebates
$2,100,000
Total
$2,800,000
Sub Total
$73,920,000
Tax Rebate Projects
WW Grainger Rebates
$1,200,000
JJB Fin. Res. Adv. Tax Rebates
$222,932
Cardinal 10,000 sq.ft. (Vets) Tax Rebates
$468,866
Cardinal Medical PHP Tax Rebates
$240,000
Hope Martin Anderson Tax Rebates
$120,000
MFG LLC Tax Rebates
$282,838
MBAK Kimball Beecher Tax Rebates
$336,278
Changes
$18,000,000
$8,000,000
$300,000
$300,000
$65,720,000
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
Borgardt Tax Rebates
$400,000
Taylor Tax Rebates
$450,000
Green Acres Tax Rebates
$504,000
Vandersee Tax Rebates - Rehab
$80,000
Vandersee Tax Rebates - new construction
$80,000
JSK Holdings LLC
$400,000
Locke Funderal Home
$120,000
SKH Properties (Huff)(Jonathan St)
$126,500
Deery Infrastructure Repayment
$2,020,040
Jake's Fireworks
$47,000
Sub Total Tax Rebates
$7,098,454
TOTAL
$81,018,454
$50,000
$0
$0
$0
$0
$0
$0
$4,274,914
$69,994,914