HomeMy WebLinkAbout2006-10-17 Public hearing
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NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing will
be held by the City Council of Iowa City, Iowa, at
7:00 p.m. on the 17th day of October, 2006, in the
Emma J. Harvat Hall, 410 E. Washington Street,
Iowa City, Iowa, or if said meeting is cancelled, at
the next meeting of the City Council thereafter as
posted by the City Clerk; at which hearing the
Council will consider:
. An ordinance rezoning 37.92 acres of
property located on Northgate Drive from
Commercial Office (CO-1) and Interim
Development - Office Research Park (ID-
ORP) Zone to Research Development Park
(RDP) Zone (REZ06-00023)
. An ordinance rezoning 9.83 acres of property
located both north and south of Stevens Drive
between S.Gilbert Street and Waterfront Drive
from Intensive Commercial (CI-1) Zone to
Community Commercial (CC-2) Zone
(REZ06-00024 )
Copies of the proposed ordinances are on file for
public examination in the office of the City Clerk,
City Hall, Iowa City, Iowa. Persons wishing to
make their views known for Council consideration
are encouraged to appear at the above-
mentioned time and place.
MARIAN K. KARR, CITY CLERK
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NOTICE OF PUBLIC HEARING
Publish 10/6
Notice is hereby given that a public hearing will be held by the City Council of
Iowa City, Iowa, at 7:00 p.m. on the 17th day of October, 2006, in the City Hall
Council Chambers, 410 E. Washington Street, Iowa City, Iowa, or if said meeting
is cancelled, at the next meeting of the City Council thereafter as posted by the
City Clerk; at which hearing the Council will consider:
A Resolution Approving and Authorizing Executive of an Agreement
for Private Redevelopment by and between the City of Iowa City
and National Genecular Institute, Inc.
Copies of the proposed resolution and agreement are on file for public
examination in the office of the City Clerk, City Hall, Iowa City, Iowa. Persons
wishing to make their views known for Council consideration are encouraged to
appear at the above-mentioned time and place.
MARIAN KARR
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C I TV 0 F lOW A C I T vIT]
MEMORANDUM
Date:
October 11, 2006
To:
City Council
From:
Wendy Ford
Economic Development Coordinator
National Genecular Institute, Inc. (NGI) for support of CEBA application and
an Economic Development Grant of TIF rebates
Re:
On Oct. 17, there Will be a public hearing, a vote on a TIF agreement and a vote on a Community
Economic Better Account (CEBA) application for this project.
National Genecular Institute, Inc. (NGI) worked with ICAD to prepare an application for CEBA funds for a
collaborative project between the company, the University of Iowa, the City of Coralville and the City of
Iowa City.
They seek joint support from the City of Iowa City and the City of Coralville for the project's application for
CEBA funds. They will be making a $26 million dollar investment in the entire project, $14 million of which
will be located in Iowa City. They are requesting $655,000 from CEBA and $1.2 million from the High
Quality Job Creation fund through the Iowa Department of Economic Development.
The first resolution is to consider accepting an agreement for a TIF economic development grant. To
have a competitive application, NGI must have a local match, for which they are requesting an economic
development grant in the form of TIF rebates over 7 years, not to exceed $1.2 million. The rebates would
be generated by the increment created by the Iowa City based Biobank building in the Northgate
Corporate Park. The agreement stipulates the creation of 36 FTE jobs within three years of completion.
Those jobs must pay at least $14.70 per hour and provide competitive benefits. (Coralville's City Council
voted to support a request for a local match of $800,000 in TIF funding for the project at their Sept. 11
Council Meeting.)
The second resolution to be considered is for support the CEBA application in which NGI specifies the
use of the economic development grant as its local match.
About the Proiect: NGI will operate two facilities: 1) temporarily in the TIC center until new space is ready
in 30,000 square feet of a new building in the Oakdale Research Park in Coralville, which they will lease;
and 2), a second 20,000 square foot facility to be located in Iowa City's Northg~te Corporate Park which
they will own.
The Iowa City portion of the project is to be a $5.5 - $6 million dollar Biobank. The two-floor 20,000
square foot facility will be an integral part of the business and the core of what Will become the expansion
site for the business in the future. To ensure physical space to expand in the future, NGI is also securing
an option on a 35-acre piece of property to the north of the Biobank building.
The company will ultimately generate 178 high quality jobs, 36 of which will be located at the Iowa City
facility by the end of year 3 of the project and provide paid medical/health, dental and vision as detailed in
the accompanying CEBA application. .
The Council Economic Development Committee recommendation will be presented to the City Council
during the consideration of this agenda item.
The company specializes in pharmaceuticals and skin care for the anti aging markets, and has an
automatic outlet for its primary product through its parent company, Dermacia.
enc.: CEBA Application and Draft TIF Agreement
cc: City Manager
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NOTICE OF PUBLIC HEARING ON PLANS,
SPECIFICATIONS, FORM OF CONTRACT AND
ESTIMATED COST FOR THE
GRAND AVENUE ROUNDABOUT PROJECT IN
THE CITY OF IOWA CITY, IOWA
TO ALL TAXPAYERS OF THE CITY OF IOWA
CITY, IOWA, AND TO OTHER INTERESTED
PERSONS:
Public notice is hereby given that the City Council
of the City of Iowa City, Iowa, wili conduct a public
hearing on plans. specifications. form of contract
and estimated cost for the construction of the
Grand Avenue Roundabout Project in said city at
7:00 p.m. on the 17'h day of October, 2006, said
meeting to be held in the Emma J. Harvat Hali in
the City Hali, 410 E. Washington Street in said
city, or if said meeting is cancelied, at the next
meeting of the City Council thereafter as posted
by the City Clerk.
Said plans, specifications, form of contract and
estimated cost are now on file in the office of the
City Clerk in the City Hali in Iowa City, Iowa, and
may be inspected by any interested persons.
Any interested persons may appear at said
meeting of the City Council for the purpose of
making objections to and comments concerning
said plans, specifications, contract or the cost of
making said improvement.
This notice is given by order of the City Council
of the City of Iowa City, Iowa and as provided by
law.
MARIAN K. KARR, CITY CLERK