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HomeMy WebLinkAbout1994-01-04 Public hearing r'--....,.. - ------""---.......-. ~....~ -'.......---- -. ~ " . .... ',' , '. c/ ' . I -/' Cl" "" :,. "~ . . '.,..' ",: ' " .~~C ' " ',:, " <!. ' _.,' " ~ ' I"" l / /'1 '. .. ..-..'=-..-...... -. , , !; 1 ')'0 i' ,. " ~: I; " Ii " \ t ~ ~ , ! NOTICE OF PUBLIC HEARING Notice is hereby given that a public hearing will be held by the City Council of Iowa City, Iowa, at 7:30 p.m. on the 23rd day of November, 1993, In the Civic Center Council Chambers, 410 E. Washington Street, Iowa City, Iowa; at which hearing the Council will ~nslder the following Items: o An ordinance amending the Zoning Ordinance by conditionally changing the use regulations of an approximate 7.86 acre tract of land located at 2312 Muscatine Avenue (Towncrest Mobile Home Court) from RFBH, Factory Built Housing Residential, to CC.2, Community Commercial. 2. An ordinance amending the Zoning Ordinance by changing the requirements for hard.surfaced driveways that are accessed via an unpaved alley. Copies of the proposed ordinances are on file for public examination In the office of the City Clerk, Civic Center, Iowa City, Iowa. Porsons 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 ppdldmin\cclt.2'.lllh " I I I , ,i I " " .; ("^",~,,,,,,,,,,__,,__ c"..'."'" ....-..._.'.... ......... I' \.: 1- ~J ~ INd ~~ ---...~- I , I I I I i I II I I ,~ j j , 1 I ! ~ j I j I I I I I , - 1 I I ! 1 i i , , , : !; I" t' I 11 Ii Ii jl i: :1 , ~! - ',I" , ~: I; ;! I i II' I' I:i 1,\ " , ,1 , Ii I "I 4_ I , " ~,.. -- -- ~'C'1----...-, ~... ~ -'- --.-- -- .........-.... .. ......." /.)'0 .....---..,f" ... ... -- - ~ ... --. --;-y-.-....-. \ :, \, . ,'" , .. . '" ' rr' ,I I ,- t-rI' ,rl ,',', ",:':, '.".. '~. ',_. " ._, -.,' I" / /-\ .J . i' -'- November 29, 1993 stephen Atkins, city Manager Civic Center 410 E. Washington st. Iowa City, IA 52240 Dear Mr. Atkins, Re: Towncrest Mobile Home Court Seize the Opportunitylll The City Council has before it the opportunity to assist the residents of the Towncrest Mobile Home Court, the property owner, the propery buyer and the taxpayers of Iowa City. It has been stated we are committed to affordable housing. We know code enforcement has been an ongoing situation at the Court and there have been a disproportionate number of fire deaths there. When Ron delivered fuel there more than 10 years ago many homes were not in good condition. Obviously, some of them likely could not be moved at this time. Mr. Camp, the Court owner, has stated the monthly fees will have to increase if he keeps the Court. How long will it be before the increases make living there unaffordab1e for the residents? I sense Mr. Camp is concerned about the residents also. The solution lies in relocating the residents in a sensitive, non-demeanina way. The residents need assistance. With the I . . buyer providing $85,000 and Block ,Grant funds providing approximately $100,000, we are well on the way to having the cost paid. Assist with moving the homes that can be moved. Some persons might opt to live in an apartment, such as Autumn Park, or other properties in the assisted housing program - surely a preference can be given to persons who are on the brink of becoming homeless. Next, buy good used mobile homes at an auction to upgrade the homes that cannot be moved. Now the question becomes - Move? Where to? The answer is available spaces in other courts, or rezoning to accomodate an addiitiona1 court, or'the newly annexed parcel that requires space for mobile homes. We believe this is a Win-Win-Win-Win situation, The residents, property owner, buyer and taxpayers all WIN. This is an opportunity to demonstrate our commitment to affordable housing. Seize the opportunitylll 1';;l'fi: ~~. Higdon June Higdon '.. . ~:. ::" ,"'.;"",' I ALSO 10 (;)./3/93 tnF'oRmapon pac&.f, ~ ';'.':.'" '+3 ..,.~. i I , I I 1 , I I I . ' , , I i i f . I . , , , , , ~i I II II I 'I i it " I' " )' !: '! " (' . .! .~ , , " I ijl III q 'I I: " i :'1 I I I II :' , I ! , , I d , : 19' " " 1; , ~; :~ :'~ ;i 1; I~' ;; f \1 I; ;: ,:i <, I.: ri U f ~ !~ " 1 U ~~ II .. l 1 ! I ~ . , '.. , , I J " , ,-":, , , ,,"': ,'- , 71' t ' . : c,: L/, '/, ,t ' :~, ',:':,' ," , ' : "'J . .J~ .' ,', . -"' .~, ",' " .- ; " .1. , RECEIVED DEe z 1 1993 1j LIFE SKILLS, INC. . A Unhlld Way Ageocy 319 354-2121 319 354-0724 FAX Gillian ),H, Fox, Executive Director 1700 First Avenue, Suite 25E Iowa City, Iowa 52240 December 21, 1993 Dear city of Iowa City Council Members: As the Housing Specialist for LIFE Skills, Inc., I am writing in regards to the Towncrest Trailer Court Relocation Project. As you may know, LIFE Skills, Inc. has the ability to provide assistance with relocation services if the Towncrest Trailer Court is rezoned and the residents must move. i ~ i , , , ' " ~ I I, Ii II, 1,1 il !' q' 'j' Ii I II I 1. I i:, I' II ,', " 'I I'; I, I:~ , I I I I, i' LIFE Skills, Inc. has proposed a program to provide services for relocation of the Towncrest residents. We have demonstrated our abilities through our Housing Support Program funded by a Community Development Block Grant and the Greater Iowa City Housing Fellowship. One of our goals as a social service delivery agency is to help promote the housing interests of Iowa City residents. It is our belief, however, that at this time it is not in the best interest 'of the Towncrest residents to relocate. Given the statistics on the number of very low income residents at Towncrest, very few will be able to relocate in the Iowa City area. Even with relo=ation services, most of the tenants lack the income to rent anything but substandard housing in the area. Of additional concern is the loss of property that will follow when the current owners of the trailers are unable to move their older mobile homes. It is my hope that some type of alternative housing option will be provided for the tenants of Towncrest. This might be in the form of emergency Section Eight vouchers such as those which were given to flood victims. Another possibility is for the CUy to create other subsidized housing units and to designate some of these units for Towncrest residents. I realize that the issue of either relocating the people of Towncrest or upgrading the trailer court will not go away. I appreciate your concern for this matter. Sincerely, ~ . CM~1 ~dJ Carolyn Corbin Housing Specialist ,\ CC/lv ~~ ~,.,... "'11(""" - --'1 ---" -.,.- ~ .-, _'II' "".") I, , ~'<l ;: " :1 \~ f; I i I., - -- ........... -.,-----.....- - -rf"'" -.... -~ ......--..~--. \ , ',' ( ',' t~ /' " :/ I' : ' ,-,.' ' , ,:1 " , ", '.. ", , ' " " . ',-" I'" , , , , ., -. '<:.'. " - '" .~ ~ .' _<:: . - " ., I . / , 1/" , .I, " --.-.--------. .:r 0 -<t .. ~:i: 0 - '0 - 0::_ f.,~\ ::c ~>= c:r ..J 0 u!:: >-u - !-<l: u.. u w u:i: c:J 0 M en RECEIVED DEe 10 1993 Iowa City, Iowa 52240 December 9, 1993 The City Council of Iowa City, Iowa Dear Mayor and Council Members: According to the Press-Citizen, the council will have a discussion on the Zoning Commission~s recommendation to keep the Towncrest Mobile Home Court as a residential area, and not to rezone it for the construction of an Eagle supermarket, this to take place at your meeting on January 4, 1994. Because that date is one on which I have a previous commitment, I would like to express my opinion about this recommendation in writing to you, because I cannot be present in person. As I understand it, zoning is to protect the interests of resi- dential areas and to provide space for commercial and industrial work as well, keeping a good balance for the needs of homes and for business. I would encourage you to affirm the commission's recommendation to keep that area as residential. As citizens of Iowa City, it seems that we are always in need of housing which all income levels of citizens can afford, and seeing lower income housing is in rather short supply, it would seem to me to be striking a good balance to keep this area for our citizens who are already estab- lished there, and who may have few options to move to other parts of the city. Thank you for your earnest consideration of thi.s matter, and for your willingness to give your time and effort to serve our city. s&t' Carl Beyerhelm 1721 Grantwood Drive Iowa City, Iowa 52240 354-8584 4~ , i i I I I I , I ! i I : I \ > ! , , J i " . , 'J . , i 1,1 \ I, ; Ii il IF /: I .t 11'. I: I:; " I,; ,I I If . l~ , i I 1 , .~ i j j : l' 1 ~ I I I I , , , " I ". ------ ~ ~.----....--:~... - ~ .;'.....- ",;, ,Ff, :I'I'."t~ ":~r, ':': ','" :"~ .,_,' '--' _. _ l~," ~ , / i, " I '" , 12/29193 15:19 EIa.E FOOD CENTERS .. 3193565009 1iJ.OO6 Ii\l2 OAKRIDGE PROPERTIES ~ C,C 29 19~3- \ ,. .~ r.................- \ ~ . " ' . ., . . " I ' " " . .',- .-.....j December 28. 1993 38S Alrpcrt Rd, S111lc 0 flain, ffiiooia 1m3 fIJ ~ Phooc 'K1rfmI1m " , , t ! REI First Muscatine Corp REZ93-0DIO - First and Muscatine Avenues Iowa City Council Members city of IOWa CIty C\O Planning Department il , I , ! I MonIca Moen senior Planner City of Iowa City 410 East WashIngton street Iowa City, IA 52240-1826 Dear Mrs. Moen and Council Members I I am inCluding various supplemental materials for your revIew. At your discretion please make these available to the Council Members for their consideratIon for the proposed project. 1. Independent traffic analysis prepared by ShIve Hattery. Phil Leff is providinq a COpy. If it has not been received please call. This report supports the recommendations made by Mr. Davidson, in his traffIC impact analysis. 2. Letter from Hlchael Camp of Towncrest Mobile Home court elaboratlnq the composition of the Mobile Home Park and status of the eXisting units. 3. Present Value Analysis of the proposed real estate tax abatement. This details by year as well as the totals of the benefits to the developer and to the city. The amounts are in excess of what Is currentlY payable. As well there has been no adjustment to the amounts for increases in assessed values or tax rates. Tha cIty benefIts from this proqram equally with the Developer. Also attached is the original analysiS I prepared estimating an Incremental amount for Real Estate taxes and Table I hlghliqhtlnq th Tax Abatement proqram prepared by City Staff. very trulY yours, EAGLE FOOD CENTERS, ~c: Rockne L. Brosman INC. --... RLB/rb CCI Gerald Barber. Eagle Food Centers, Ino. Philip A. Leff, Leff Haupert & Traw Dee Runnels, Snyder & Schwarz 9~ ..._',_".__, '," . .,.".__,q n_ - -'1 (I , , I'; II ii' I , Ii i, Il- L \ , It! 11' " ! ,I /I, " 'f , " ii it ..l , [: II , I: . ~ I II : Ii ! 'i , I 'I ~ I I I I i il I !' !" ;i T," - - , ~ . . ~ " , ::; , " " " " i! I: ~ i' ft \ r,'.""""'" .., -----.. -: - ~.... \.& -r.... --~-- ... 'W... .........-..--..---- :\',', n, ,1'-1,', 'Let' 'tJ-.", ,: ,,', ":::"', '~ . '_~ '. ' rzr'" \~ti,., .' . / , " \ 1 '~. -12/29193 15: 19 EFG..E FOOD CENTERS .. 3193565OO'l tD.9Il6 1lII3. - n ," TOWN CReST MOBILE HOME COU~T AND SALES COMPANY, INC. IIICH.U1.F.~P oIlAlllGEIl,SllCRITARY.1REAIUIWl 2312Io1USCA't1NE AVIl.IOWA CITY,IA 51240 , pHon Sll.nt. . \ .. December 21, 199) Ms. Jean aartley Bartley Law Offioes 1'.0. BoX 106 Iowa City, Iowa ,2244 , , , , i' , ' Dear Jeanl I,' I: ~ 'I ~ i I, (I i i l~, ;! 'I, ;: 11 I, - I' '" i, h I:; , , , " I 'I In raply to Ms. Dee A. Runnels letter of 12/1,/9) I offer the following oonclusions. AnY survey of availability of spaces would be premature at this time due to the contingencies unresolved regarding the projeot. By the time they are resolved the numbers would be meaningless. ' All :the mobile homes have a value. Firstly, as a domicile. Seoondly, as a summer retreat. Thirdly, temporary offioe or mobile of:1'10e. FourthlY, farm utility wagcns or out storage buildi~s. Salvage is the final use. It is my estimate that the Mcblle Homes located in our Court range in value from $100.00 to $9000.00. The majority falling in the$lOOO.OO to $)000.00 market. As of this date we have 66 Mobile Homes on site. Attaohed 1s a break do~u in our opinion regarding relooation. I have tried to list faotorS pertinate to the relooation problem. Obviously the problem is not as great as one might think. We are not mean- ing to downgrade our tenants statulI in anyway and trust that this information will be used in a oonstruotive manner. I plan to be out of town 12/28/93 through 1/4/9). I hope to be back the evening of the fourth. Please have a super Holiday seasonl Yours very truly I ~tam~ CCI Jack Camp /. '\'. (!ti/J /I,: \ . .'IJlt 'I.t~ ' IQy l {99J ~wO 'I[i" l,~ I'; " , ~3 ~LM ~ . ":- ..... i , , , , ", I " -~ """"," - I , ! I ! --"1~' .......-- ~ -, .... . .... - -- ~...... .........------...-- r;~.. .. -- - - .. -~ ~ \" ~. , ' ' , , " . . ' . ,::,n. ",If H "'Sv'" " ':,',','" ' ~ -~.' - . .' . , / "'] ,~' " ---.--~----- '~, 12129193 EFG.E FOOD CENTERS .. 3193565009 15:20 t-D. !Di rI04 ....- ,,' ... . .-1 ' ' 'I I ... Mobile Homes On Site as ot 12/21/9)"""""""""""'" 66, Mobile Homes owned by ~CMHC~ "....,..."",10."..,...,...,~ Abandoned. '" I.... I.'. ... ,., ,.... I ,.... ,... ,. .4. ..... . . ., ...,~ Advised by tenant they have alternate ' housing or location if ncoessary..',.".,.."S..,...,......,~ Rental owned by absent owners .."..",...,..6 Owner advises alternate option..,'...,tt,.,..J,..."...,....~ ~enants facing eviotion for non-payment of rent. failure to cure rule violations storage of unliscensed or non-drivable vehiCles, etc.....,........,.....,..,..,... ,IS......,..... ..!...12.. , ! I Mobile HUmes sold and purchased last 6 months all new owners were advised sale of property was pending, ~hey purohased with full know~9dge...".6 Pets necessary to new iocation advised tfJ us :Cram tonant....'.,....",.".......".......,. ,12 All leases are in month to month mode 'Not one tenant has asked for longer lease, ~enants prefer month to month and desire sixty day option to move. I " E1 , Ii I. II! 'I I., ,I 'I' H ,: " , !: - 'I n Ii j': 1'; I'" I'; 1 , " Miohael F. Camp .y~H~^t-dated /Llt-I'lfj :':,", Ii ~~ ! , ~,,-., "",.,~-' . .~, . "'''--.., " - - ~---'- ..,-~-:---~-...-- ~' , , , \~',','t:"'/' '..1,'1' ,,:'ti" ,/'1" , ' """, ,,.',.";' I '. ..' ,\ I,".', . , ". _~ ". ,_", _. , I / {\ " 1 .~. . , ".. ..._....~.---... "- 12/29193 15:20 Em.E FOOD CENlERS .. Jl935650'l9 tIl. ~ r;m .. ~ , I I .. , I I , ' 01 ::1* 'ilCl ~~~ClCl~"'Lll"f"f ." >... ,.. ClN en...Nc;I ,.. c@l NO"...CI7C'?CI7CXlUlN ~ d.....o:1<<ioalcdtdcPtcPt U; ~ ~ l'1N-......*~~** C\I ~~ ~.,..fifi ,.. tit .. " 'ilt;li o LtlCLtlClClLllLtlClC 0 I, I I V CXl11"1.... NNUlUl.../Vi N ' , C m 0 NCcn....WW"f"fC'? ~ ~ i Ole- tricrl1ftidcdui'NNcCcD N l;i E 01 ~ l'1NNN......""'....0 ~ ;, fi$Cltfififi~~ ,.. i ~il'g tit II I .5~S 'il ; , 'I I, " 'E Ii :' " 1 lilt! ;, t' " E m I: " " 01 '0' " Ol~ I' " 1.Jd: :J . !j - ;.' .6.. C10 -c;I ltlN"ClCNLllCXl"'ltl ,.. I' olf CLll ~... ItlCllXlalCXl.....C\IWal... en il ti ";Lll ltll'1"f..."fCOILllClD 'lI' ~ al U1' c@l ~gC\l""'r.rioq>.....cPt""'C\l . :t"f; en I ~~ ......,..,..,....-,..,..... N , ~! tit.,. $$$$$$4l't$$ ,; ... i CJ 1!!1J 0 - 'I Ql . J: ll.$! , , I t4~ c'Dl S-c .. OLtlOLllCOLllLllOC 0 I li tIl ~! c OJ ,..U1N"'(Y)C'?CXlCXl"f"f CO Ql :> l'1"fCQ",cncnClc;lNN UI roW ~'B ~ crJeJuidvvcrlaicrirri . .w N I, i1 ~~~ $...,..NNNNN(Y)l'1 l'1 ,.-' ~~ $.fififififi$" N , .E&!~ tit .( I, L ... c : (j) Ql 01 E " ;:: Q~ ~~ss*~ss~~ ~ I, Ol 00 ClO cc ~ I c. meal NC'?VUlUlUl....."'CXlCXl (II ot! i c. ~ ~ .- n: OJ >,SI- ~ m.- e 0 ... '.l:lQ: C ~ B'tJ m E1J ~~~~~~~~~~ t4 m ~~~ 01 ::J III c;lcccccoooCl ::J ~8. COl'caanv'V"mmNN ~ ~~ ~ Il.... ~ >sg , ~ ' i lJI ....NC'?"fLllW....CXlcn~ ,~ ~. ! II. i ~~ \ " " . , l'", ....,,.............-...-. . ------ T.... - - 'l~~~ ~ -, - r -.. _..... --~ ..... - - -r~""'- ............- .. --- - - I ..... \ :. ' ' t/ :.., ,'I I' ", t: I ",;i " :,: ' , ,,~;', , .' L' ": . 8' '. I'U '. . . ' . '~ ,'._ "" ,'l _ '1 _,' . .' . / " I ";' . 12/29193 15:21 EI.:aE FOOD CENTERS .. 3193S65009 ll!,h, - SOtl..llC.la. - :tOWA-<::c'l' S.-r.q..FF :IAIlLU. I{). sa; IiIIl6 MAXIMUM VALUE MAXIMUM % OF VAlUE MAXIMUM TIME TYPE OF OF IMPROVEMENT OF IMPROVEMENT PERIOD FOR PROPERTY FOR EXEMPTION ' THAT CAN BE EXEMPTED TAX ABATEMENT Residential Option A '20.000 . 115% 10 yeers Option B No limit 100% 3 years Option C No limit Decreeslng percentage' 10 yoers Option 0 No limit 100% 10 yeers ~ommerclnl/AlI Other Optlon B No limit 100% 3 years I Option C No limit Decreasing percentage' 10 years i' , Commerclal/ADBrtments I, , , (76% of the building , i' speco Is rosldontlall I, ,Option 0 No limit 100% 10 years " I' I: I, NOT~: ALL OF THESE FIGURES REPRESENT THE MAXIMUM AllOWABLE FIGURES UNDER srATE LAW. IOWA CITY CAN MODIFY THESE fiGURES TO REPRESENT lESSER AMOUNTS. IN ADDITION, IOWA CITY MUST USE THE SAME TIME SCHEDULE FOR PROPERTY TYPE IN ALL OF ITS URB~N REVITALIZATION AREAS. THUS A PROPERTY OWNER CAN HAVE A CHOICE OF OPTIONS. BUT HE/SHE WILL BE PAYING THE SAME RATE AS A PROPERTY OWNER IN ANOTHER REVITALIZATION AREA. 'Decreaslng percentage means that the amount of tho property Improvement taxed BBCh year will Increull8. An oxample of a decreasing percontego Is; YEAR 1 2 3 4 6 6 7 8 9 10 VALue OF IMPROVEMENT NOTTAXED 80% 70% 60% 60% 40% 40% 30% 30% 20% 20% VALUE OF IMPROVEMENT TAXED 20% 30% 40% 60% 60% 60% 70% 70% BO% BO% , , , 0:~~ 4I.o;.t\,\\:..~ 1I.,,~CC - ~Io ;-JOC i,,,,~,,,"'Nl"L \ \"u..r- ........,. t;~ , I! 1 · I, i f I i i , Iii , ;1 l," I' \ Ii J Iii' 1','- i . . \ ..:. I:; ! " 4' I I: Ii il,: :i '\ I II I' ',,~ . I' ! :1 I'; i I , , , ; , " 'fI/IIIIIIIf""'II' - '---..---~-~-, ~-- ~ ,;',........ --'-- -- -.... ( ", ." , " , ,", - 'f-/ '.I,' t' ,., /:/,: ' "-' , " ' , . ,', I " , . ' '.:; ,-~.', ....:.. " ,~' , !" ~:' / I 1,'\ / ] .... .~' . :-:::.:_~---~- 12/29193 15:21 EfQ.E FOOD CENTERS .. 3193565009 . t ~I t [ l " , f [ , ! ,','--' REAl ESTATE TAl<ANA!.YSIS FIRST MUSCATlNE CORP PlJrrtlnt R.oJ ~B Tilt Obllgatlon! 800 Firsl Avenue ConlTldllr properly 810 Flrst Avanue Car Wash $3,068 $7.430 820 Flrst Avenue KwlkShop $5.074 830 FlrstA'Il!nuo f7,9!/ Senor Pablos $3,578 2312 MUlcaline Ai'll TowncrestMoblltHomeCoun $9.185 , TataI $38.2~ CnmftAl'RblA PrnbAl'tJM - T'l'Jr P'" IIQ II J)M)'Mf sqft RElIX REWll8qft Sycamolll ~I Old Capitol Mall Eagle. Dodge Eagle. Fl!vot1ldo Eagle. Coralville 1 S5.55O 344.162 18,580 28,875 28.865 $192,114 5<<)1,594 $17.098 528.618 134.518 PtnpMI'rf PrqJ@r.t_ F'..alm~'M tav pAr ~ ft pAr YAIr Es1fmated Real Eetale laX Supermarket Shop Space 53,512 eqft 10.920 sq ft 84.432 tDtaIs SUlAUARY EXISTING PAOPOSEO lST~ 1'-.",.-"".""'.'.""" - --------------'~- $1.24 $1.75 $1.03 $0.99 $1.20 per sq fl per year 0'1:25 OS1.50 186.890 $80,2&8 $13.650 $16.380 $80.540 $96,648 536242 536,242 $80.540 $96.648 J.U29lI, WOIi NJ. sa; 007 11l1Z7/83 '+3 -~-...., I ! I I I I I , , , , , , ' , ' , ;:i 1, 'I! 'i Ii (fl Iii " , I i ~ ,! i,: :' I' , ,: I J " l' 1 I i !i I ;, i, " ,i I : I II' I I':' <-" , , , ! 'I, " ,: I , I j' I ! I il ........---..:'1~ II~ J I' ~-- \.& ..-, ....'" ~ ~".........-------~~.... .... - - ~ ... - . --:-T""""---~ I , , . ," . . ' . ~ " I' ' '- - 1- . - ,", '11 I 'fA '{' '.' . . 4/, " \ '," .' ","';", ,".. , -': ~ - "', ',,",' '1 City of Iowa City MEMORANDUM Date: December 29, 1993 To: Mayor and City Council From: Monica Moen, Senior Planner ~ Re: Tax Increment Financing: First and Muscatine Avenues Area This memorandum is in response to' Council members' recent inquiries regarding the use of tax increment financing to assist in providing housing opportunities in the vicinity of First and Muscatine avenues should the existing mobile home court be displaced by new commercial development. Tax increment financing (TIF) is a method cities may use under enabling legislation adopted in 1971 to finance private development in a designated urban renewal area. The difference between the taxes derived from unimproved and underdeveloped property and those derived after its development, is the "increment" of taxes which may be pledged by a city to retire loans, advances, bonds and other indebtedness incurred by a city or a developer In furtherance of the development. Tax increment financing has been used extensively in Iowa and is a financing method that Is particularly useful to a city as a way of raising money for the development and redevelopment of propertyJ'!.lthout reliance upon the city's existing general revenues. The tax Increment, if not committed via a TIF mechanism, goes Into the general fund. A TIF program does not place any additional tax burden on a development nor does it confer any relief. Chapter 403.19 of the Code of Iowa (1993) sets forth the provisions for tax Increment financing. To establish a TIF program, a city must prepare an "urban renewal plan', which encompasses a specific urban renewal area for public hearing and consideration by the city council. A city may designate an urban renewal area as either a "slum area", a 'blighted area", an "economic development area", or a combination of the areas, which the local governing body designates as appropriate for an urban renewal project. The urban renewal plan would consist of a specific plan for redevelopment of the targeted area and must also describe how the city Intends to use the tex Increment revenues. Once an urban renewal plan Is approved, the city council must consider and adopt an ordinance establishing a TIF program. The ordinance directs all tax Increment revenues, including those levied by pr for other taxing jurisdictions such as the county and school district, to be made available to the city for repayment of urban renewal project-related expenses, Attached is a map Illustrating potential boundaries for an urban renewal area In the vicinity of First and Muscatlne avenues. This area represents the greatest opportunity for redevelopment. The redevelopment that Is expected to occur, however, will most likely be of a commercial rather than a residential nature. Without Including the sites avallabie in the Towncrest Mobile Home Court, there are 92 multi- family dwelling units located within this area. A majority of those units (82%) are located within epartment buildings which are legal non.conformlng uses In the commercial zones they are ~ , , , I ! ;' [! I': II 'Ii I'; jt, " :! II- I' 1,,- " I 'I; Ii i l , 'I I. 1'; I I; I II I, , " 'I I , , I , I I i I , ii -, - , I" -~-:--~--- . ._. .' .,'. ,I, t ..:. --.-----. --:- - . ' , '--<-- . " :t--/--'~-':-l L8" I'l ' ,";-~,' 'l, ,., ~ . . " , . ." '" I ' . ' ,. , . . .:; ., - ", \ ~ -., / , '1 .~ . '. ~ , Page 2 located in. Seventeen dwelling units are located above the ground floor of commercial uses established in the area. Six slngle.family residences are located in this area. , " , ti The existing commercial zoning classifications In the area would relegate housing to stories above the ground floor and, except for the site preferred by Eagles Food Store, there are no other large tracts within this area that would be expected to redevelop for mixed.use purposes. Rezoning smaller parcels of land in the area to allow residential development is not expected to generate significantiy more housing units in the area. '.: " 'J i: i! ;-; If the area Is targeted as an urban renewal area and should redevelopment occur in the area, any incremental taxes generated must be spent in the targeted area. Because limited housing redevelopment opportunities exist within the boundaries illustrated, the funds would not be used for the purpose originally set forth, that is, to provide affordable housing to replace that which could be displaced by commercial redevelopment. An additional consideration Is that any housing constructed In the area to replace housing within the Towncrest Court would likely be renter' occupied housing and would not replace the owner-occupied units now present in the mobile home court. ii: r ~1 " " !i ii ~ V t " .i l' I' I: i ~ i Consideration could be given to expanding the boundaries of the urban renewal area beyond the area ii1ustrated. However, to capture the First and Muscatine area and undeveloped land that could be used for affordable housing units, the boundaries would have to be expanded a significant distance, such as to Scott Boulevard and the southern corporate limits. it would not be fiscally prudent to restrict use of any Incremental taxes generated from that large of an area for the sole purpose of providing affordable housing units. if provision of affordable housing units is a goal of the Council, it may be more expedient to pledge revenues from the general fund for this particular purpose. In conclusion, while tax Increment financing may encourage redevelopment of the First and Muscatine avenues area, It does not appear to be a useful financial mechanism to encourage construction of affordable housing units in the area. This shortcoming is not due to the TIF mechanism Itseif, but to the limited housing redevelopment opportunities In the immediate vicinity of First and Muscatine avenues and for some distance beyond this area. Staff will be present at your January 3rd and 4th meetings to answer any questions you may have. In the meantime, if you have any questions, please do not hesitate to call me at 356.5243. bc2.5 - i~ i I , , j, . Iii ~ II :1 l~ " Ii i)' I i~' I, p I: n i; rt " I,: I 'I I; I' t: :1 r I i , , , 1 J I I I ,I I ,I I II I f I Ii .'~ 11=1 ~ ~ = ftr' ~nW, III TITTTTTT , r~, ;Illfllllllrmm.l:7',,;';' rrrn mrn 00 Cl~'- I -~ ~~.~~ .z.::tr ~ , ,POT,ENTIALURBAN ~ _~ ,~ID RENr;=:WAL ARE.A ~~ IY; lill ~ I , .. ~.T ~ ,r) P I .' 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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 7:30 p.m. on the 4th day of January, 1994, in the Civic Center Councli Chambers, Iowa City, Iowa; at which hearing the Council will consider the following Itam: 1. An ordinance amending the Zoning Ordinance to redefine 'famliy care facliity/famlly home' by including 'community supervised apartment living arrangement. ' Copies of the proposed ordinances are on file for public examination In the office of the City Clark, Civic Center, Iowa City, Iowa. Persons wishing to make thalr views known for Council consldaratlon are encouraged to appear at the above-mentioned time and place. MARIAN K. KARR, CITY CLERK ppd.dm1n\Cc:l....t\Ilh 'ts i . , , ;! '! ,! " 'i i :-j '1 , I " ) ,1 , ,t . ) " :~ "I :1 ,j G ;'1 '.'( , :1 :\ ,> !;: ti " " " " '\ :1 :l i '( :1 .. J l l j Ii ,\ ; I :i J :1 I I I , I l' , , . , 1 ! !.: j'l Ii Ii Ii II ! ~ ' ij I ! , ~ 'I Ir 11 11 r fi .'! .' '_',I',' 'j" " I,' i ....:1 ' " i , " iI. , 1,1, I i : I' "'."