HomeMy WebLinkAbout03-30-2004 Council Economic Development CommitteeAGENDA
City of Iowa City
City Council Economic Development Committee
Tuesday, March 30, 2004
1:00 P.M.
City Manager's Conference Room
City Hall
410 East Washington Street
1. Call to Order
2. Approval of Minutes - January 26, 2004
3. Discussion and Recommendation - Request for Tax Exemption - 119 Iowa Avenue
4. Review and Discussion of 2004 Economic Development Strategy
S. Adjournment
MINUTES
ECONOMIC DEVELOPMENT COMMITTEE
MONDAY, JANUARY 26, 2004 — 5:00 P.M.
LOBBY CONFERENCE CENTER
Members Present: Ernie Lehman, Bob Elliott and Regina Bailey
Members Absent: None
Council Members Present: None
Staff Present: Steve Nasby
Others Present: Pat Guard, Irvin Pfab, Joe Raso and Josh Schamberger .
CALL TO ORDER
Ernie Lehman called the meeting to order at 5:00 P.M.
CONSIDERATION OF THE DECEMBER 17, 2003. MINUTES
MOTION: Bailey moved to approve the minutes as submitted. Elliott seconded the motion. The
motion passed on a vote of 3-0.
ORIENTATION — DISCUSSION OF ECONOMIC DEVELOPMENT ISSUES
Chairperson Lehman started the meeting by saying the focus of tonight's meeting would be on getting
familiar with what the Economic Development Committee does.
Nasby said the purpose of the meeting was to have an orientation session and talk about some of the
things the City does on its own, and also things done in partnership with various organizations in the
community. The evening's packet contained some history of the City's Economic Development's policies
and strategies. Revisions to the 1999 Economic Development Strategies are almost completed, and will
be available for review soon.
Nasby discussed the City's role in working with other organizations, and how they keep in contact so as
not to duplicate efforts. Three areas identified in the City's strategy are retention and expansion of
businesses, entrepreneurship and business attraction. Other areas include tourism, work force
development and downtown development.
One of the "products" put out by the City is an annual community profile. This information is also on the
City's web site, under the "Business" tab. Another handout was a guide to opening a business. This
targets the smaller entrepreneurs and those looking to locate in the local market. The Small Business
Development Center keeps these on hand for clients as well. There also is a pocket check -list to go
along with the guide. There is also a brochure available that outlines the financial programs available
through the City (e.g. Tax Increment Financing, Tax Abatement\Tax Exemption and CDBG funds).
Lehman commented on the Committee making visits to local employers to get their input on the business
climate in the City. He said past visits have been very productive, and comments regarding City staff help
have been very positive. He also discussed the ICAD relationship and how well it works.
Raso discussed the ICAD group, and how they work with City staff and the Economic Development
Committee and the other organizations. He said there are several areas of concentration: retail
development, public policy development, tourism development, work force development, entrepreneurial
development, and service sector development. He then discussed ICAD's focus, which is not just the City
of Iowa City, but the entire region as a whole. He reiterated how communication is key to everyone
working together. He then gave everyone some handouts to review, and discussion continued on the
various areas of growth that ICAD targets.
Chairperson Lehman asked Raso to discuss the Tech Corridor concept, and why it came about. Raso
talked about the regional aspect of this, and how since the early 1980's this has been moving forward. He
outlined how the various cities, as well as the University, work together to bring business to the area.
Bailey asked for a broad overview of what Raso sees as opportunities and challenges over the next five
Economic Development Committee Minutes
January 26, 2004
years. He said Iowa City still has an image as a hard place to do business, and that this is why
communication is key. The biggest challenge he said is making sure we continue to have leadership that
sees the growth beyond the borders of Iowa City.
Discussion continued on the various functions of each of the following: Chamber of Commerce,
Convention and Visitors Bureau, and ICAD, and what type of contact they get from the public. The
benefits of the area were also discussed. Raso wrapped up his presentation with an emphasis on
entrepreneurial development, and public policy.
Guard gave the members handouts from the Chamber of Commerce, and discussed just what the
Chamber is and what they do. He emphasized the opportunities that are available in the area, and how
important it is to tap into these. Guard also discussed the Corridor Committee, and how the various cities
involved have come together to discuss the growth issues in the area. He said a group will be traveling to
the State Legislature, and that this is an area of focus for them as they work to get the area known within
the State circles. Everyone then discussed the opportunities in the area, and the desire of people to move
here, or to move back here, and how these organizations can help in that effort.
Schamberger had handouts for the group, and discussed the Convention and Visitors Bureau's emphasis
on tourism for the area. He talked about some of the large conferences being booked in the area, and
that last year $199 million was spent in Johnson County just from visitors. Tourism is actually the area's
third largest employer in the service industry. Schamberger also discussed the hotel/motel tax, collection,
and how it sustains their goals. Discussion turned to the Cultural Corridor partnership, and how CVB has
become even more involved in the past few years.
The "youthfulness" of the area was discussed, and how this is marketed to the public and groups. The
airports in the area, both Eastern Iowa and Moline were discussed, and the costs involved with flying into
and out of the area were also talked about as it impacts both businesses and tourists.
Schamberger also talked about the CVB's efforts in downtown revitalization, and how they work in that
area. He also said that the area needs a long-term stay, residential type of hotel, as there is a large need
with the hospitals and students that come to the area.
Chairperson Lehman said that the Economic Development Committee would need to determine what
issues they want to work on, while keeping in mind the other organizations they can work with. Discussion
centered on the cooperative attitudes of the cities of Iowa City and Coralvilie, and the University.
A general discussion continued on some of the past projects that have resulted in increased businesses
in the area, as well as working on the expansion of existing businesses. Lehman noted that the University
of Iowa is one of the largest businesses in the area, and discussion turned to businesses that have come
about because of the University being here. Nasby stated that this meeting was for orientation only, and
that he will contact the members about the next meeting date and time, most likely the third week of each
month, and at the same starting time of 5:00 P.M.
ADJOURNMENT
Chairperson Lehman adjourned the meeting at 6:15 P.M.
data on citynUpcd/minutes/ecodev/edc01.26-04.doc
MEMORANDUM
DATE: March 22, 2004
TO: Council Economic Development Committee
FROM: Steven Nasby, Community and Economic Development Coordinat9
RE: Agenda Items
The Council Economic Development Committee will be meeting on March 30 at 1:00 p.m. in
the City Manager's Conference Room. The following is a brief discussion of the items that
will be on the agenda for your consideration.
119 Iowa Avenue — Request for Tax Exemption
On your agenda is a request from the Bremer Trust for property tax exemption on
commercial property located at 119 Iowa Avenue. The purpose of this memorandum is to
provide a brief history on property tax exemption in the Central Business District and outline
the eligibility criteria for the property tax exemption.
Central Business District Urban Revitalization Plan
In September 1999, the City Council designated the Central Business District as a
revitalization area to provide an incentive to private business owners to redevelop or
improve their properties. (A copy of the plan is included is the packets for the committee
members). It is important to note that the tax exemption provision applies only to the
portion of value in a structure that is added (does not include the assessed value of the
existing structure). In February 2001, the Council approved property tax exemption for the
property located at 210-202 Clinton Street (Whiteway Building). In May 2003, a tax
exemption was approved for the Zephyr Copies building at 124 E. Washington Street.
Eligibility Criteria
According to the Central Business District Urban Revitalization Plan, projects within the
revitalization area must meet the following criteria to qualify for property tax exemption:
Qualified real estate includes real estate assessed as commercial property. Only the
non-residential commercial component if commercial property,would qualify for
property tax exemption. However, any reuse of a historic structure assessed as
residential (e.g. owner -occupied housing or condominium units), residential commercial
(rental housing), or non-residential commercial property shall be considered qualified
real estate and thus eligible for property tax exemption. The proposed project is a
commercial property (no residential) so the whole structure is qualifying
property.
Eligible construction includes rehabilitation, additions and new construction. However,
new construction that requires the demolition of structures identified in the Central
Business District Urban Revitalization Plan as historic and/or architecturally significant is
March 22, 2004
Page 2
not eligible for property tax exemption. The proposed project is for the
construction of a new 1,500 square foot building to replace the 1,050 square
foot building that was destroyed by fire in August 2003. As such, it will not
require the demolition of a historic or architecturally significant structure.
In order to be eligible for property tax exemption and prior to the issuance of a building
permit; the exterior design of any qualifying project must be either 1) reviewed by the
staff design review committee and approved by City Council or 2) reviewed and
approved by the Historic Preservation Commission. The plans and exterior design of
this structure will be submitted to the design review committee. The design
review committee's recommendation and a resolution will be forwarded to
the City Council, for consideration on May 41 2004.
To be considered eligible for property tax exemption, all improvements must increase
the actual value of the property as of the first year for which an exemption is received
by at least fifteen percent (15916) in the case of real property assessed as commercial
property and by at least ten percent (10%) In the case of real property assessed as
residential property. In this case, the actual value of the improvements on the
property as of January 2005 must be at least fifteen percent greater than the
assessed value of the improvements on the property as of January 2004. The
2004 assessed value of the Improvements Is $0 due to the fire. As such, the
proposed project will clearly meet the 15% requirement to be eligible for
property tax exemption beginning with the 2005 assessment. As provided for
in State Code, the City Assessor will determine whether the project meets this
criterion after the Council's approval of the application.
Review of 2004 Economic Development Strategy
In November 2003 the Council Economic Development Committee reviewed the 1999
Economic Development Strategy and recommended numerous revisions. A "draft" of the
2004 Economic Development Strategy is included for your review.
If you have any questions or need additional information please contact me at 356-5248 or
via e-mail at Steven-Nasby0iowa-city.org.
Council Economic Development Committee Meeting,
March 30, 2004
City Manager's Conference Room
City Hall
1:00 p.m.
r
City of Iowa City Application
TIF Tax Rebate or Tax Abatement\Exemption
Business Requesting Financial Assistance:
Business Name: Bremer Trust, Iowa State Bank & Trust Company Trustee
Name of Authorized Person to Obligate the Business: Iowa State Bank & Trust Company,
Iowa City, Iowa, by Daniel H. Black, Vice President & Property Manager
Business Address: 102 South Clinton Street, Iowa City, Iowa, 52240.
Business Contact Person: Daniel H. Black Title: Vice President & Property Manager
Telephone: 319-356-5920 Fax: 319-356-5849
E-mail Address: dblack(&Isbt.com
Business Federal ID#: Bremer Trust — 42-0649443
Date of Application Submittal: March 18, 2004
Release of Information and Certification
NOTE: Please read carefully before signing
I hereby give permission to the City of Iowa City (the City) to research the company's history,
make credit checks, contact the company's financial institution, and perform other related
activities necessary for reasonable evaluation of this proposal. I understand that all information
submitted to the City relating to this application is subject to the Open Records Law (1994 Iowa
Code, Chapter 22) and that confidentiality may not be guaranteed. I hereby certify that all repre-
sentations; warranties or statements made or furnished to the City in connection with this
application are true and correct in all material respects. I understand that it is a criminal violation
under Iowa law to engage in deception and knowingly make, or cause to be made, directly or
indirectly, a false statement in writing for the purpose of procuring economic development
assistance from a state agency or political subdivision.
SIGNATURE OF COMPANY OFFICER AUTHORIZED TO OBLIGATE BUSINESS:
Bremer Trust, Iowa State Bank & Trust Company, Trustee,
BY., Jc�J4, *614 X-
Daniel H. Black, Vice President & Property Manager
NOTE: The City will not provide assistance in situations where it is determined that any repre-
sentation, warranty or statement made in connection with this application is incorrect; false,
misleading or erroneous in any material respect. If assistance has already been provided by the
city prior to discovery of the incorrect, false or misleading representation, the city may initiate
legal action to recover city funds.
w
V
1. What is the location of the proposed project?
119 Iowa Avenue, Iowa City, Iowa, 52240.
(formerly Easy Place Restaurant)
2. Please provide a brief timeline for the proposed project.
Construction is anticipated to start May 1, 2004, pending approval of Tax
Exception; completion on or before August 1, 2004.
3. Describe in detail the proposed "project" (e.g., company relocation, plant expansion, remodel-
ing, new product line and/or new facility).
This project is the re -build of a commercial building that was destroyed by fire
in August of 2003. This project will be a 1,500 sq. ft. structure replacing the
1,000 sq ft Easy Place structure. The benefit to downtown would include an
increased tax base of approximately $117,000.00 and the benefit of a new
structure on the existing empty lot.
4. Specifically, what type of capital improvements will be completed? (e.g. new building,
remodeling, fagade improvement, accessibility)
A new commercial, one-story, 1,500 square foot structure.
Clearly, the new structure will be more aesthetically pleasing than the old Easy
Place building. The new building's store front design will incorporate extensive
use of glass, with added option of opening French -style doors and opening upper
windows. The layout of the building provides for an open space at the rear of
the building. The anticipated use of this space would include parking / storage
or outdoor seating. It is my understanding that City design review will be a part
of this tax exemption process. See plans attached.
5. Will the project increase the value of the property by at least 15%? Please include the amount
of the proposed investment.
This project will increase the value by well over 15%. The 2004 valuation on the
structure will be zero. The budget for construction costs is $192,000.00. Early
on in the project development, we worked with Neumann Monson Architects on
various building configurations. The drawings, concepts and pricing include
aspects from the early N.M.A. study although final cost and drawings have come
from Barton Building Services, a general contractor.
The new structure, post -tax exception, will provide a larger tax base for Iowa
City. The 2003 real estate tax assessment was $124,950.00 on the land and
$58,550.00 on the structure or a total of $183,500.00. An estimate of future
assessment, structure and land, would place the total value at over $300,000.00.
6. Type of assistance requested: (check one)
Tax Increment Financing
Tax Exemption X
Tax Abatement
7. If an existing Iowa City business, how many total individuals have been employed by the
company at the Iowa City facility during the past year?
Unknown
8. What is the number of jobs within the existing or proposed Iowa City facility and what is the
starting average hourly wage rate (not including fringe benefits):
For the new employees? Unknown — this will be a tenant -occupied building,
For existing employees? Unknown — this will be a tenant -occupied building.
For existing and new employees? Unknown — this will be a tenant -occupied building.
9. Does the business provide standard medical and dental insurance for full-time employees? If
so, what percentage of the standard medical and dental insurance package expense does the
company provide?
Unknown at this time.
10. Beyond the present project, what future growth potential is there for the Iowa City operation?
The project would include structural concrete at the rear 25 feet of
the lot to facilitate expansion of the proposed building in the future.
11. Please describe the energy and resource efficiency programs, waste reduction, waste
exchange, and/or recycling programs at your Iowa City operation.
Unknown.
12. Do you use recycled materials in the production of any products or through the provision of
any services at your facility? If so, please describe.
Unknown.
l
13. Has the business been cited or convicted for violations of any federal or state laws or
regulations within the last five years (including environmental regulations, Occupational Safety
and Health laws, Fair Labor Standards, the National Labor Relations Act, the Americans With
Disabilities Act)? If yes, please explain the circumstances of the violation(s).
The business / tenant is unknown at this time.
Additional Information: At the time of this application a tenant lease on this proposed building
has not been signed. Considering the Iowa Ave location of this project, it is likely that the
future tenant would be a Restaurant or Restaurant/Bar.
A
'PHI
4
6.
A:.
a
� At'
Economic Development
Strategy
CITY OFIOWA CITY
March 2004
Economic Development Strategy
Over the last two years the State of Iowa has drastically cut funding for cities by eliminating local
government aid, reducing funding for programs, rolling back taxable values, and retaining revenues
formerly shared with local governments. These actions have had a great impact on the City's
ability to deliver services as many of the City's services to its citizens are financed from the
General Fund. In addition, citizen expectations for our existing services are high and consequently
the City is continually under pressure to expand, modernize or offer new products even as local
and state budgets are shrinking.
The options the City has to obtain the revenues necessary to meet these needs and desires of
Iowa City residents is limited by State law regarding taxation. The primary revenue source that is
available to cities is property taxes. Even if a City Council was willing to raise property taxes, for all
practical purposes this is not possible due to State regulated property tax levy limits. Because of
the structure of the Iowa property tax system, commercial and industrial development is the most
fiscally advantageous development for local governments. This document proposes a policy for
sustaining the actions the City has started and instituting a more aggressive, targeted and
proactive role on the part of the City government to encourage and facilitate commercial and
industrial development in Iowa City.
To build upon the successes of the last few years, and to continue development within the
commercial and industrial sectors, it is important to strengthen and enhance the Economic
Development Strategies put forth in 1999 and enable growth for the future. Prioritizing economic
development within City government is not a suggestion to pursue "expansion at any cost" policies
but to approach commercial and industrial growth in a managed way.
This document addresses economic development opportunities from the perspective of three of the
most common strategies of economic development: business retention & expansion, business
attraction, and entrepreneurship (others opportunities being: tourism/conventions, downtown
development, and workforce development). Focusing on business retention & expansion, business
attraction, and entrepreneurship will provide Iowa City with the highest degree of success and
return on investment.
Prior to developing an action plan for these specific areas, we need to evaluate progress made on
three issues that impact the success of our economic development efforts. These issues are the
relationship between ICAD's economic development activities and the City's economic
development goals; perceptions of the City's business -friendly attitude; and the resources directed
toward economic development activities.
Iowa City Area Development Group. The City's partnership with ICAD has been greatly
enhanced since 1999. ICAD is doing an excellent job of promoting the greater Johnson County
area. Since ICAD serves more than one community in Johnson County, ICAD cannot promote one
specific area over another. When a prospect considers sites in more than one Johnson County
community, ICAD does not advocate only for Iowa City. Over the last few years a different
relationship with ICAD has emerged in which information is shared and joint activities are
commonplace. Depending on the circumstance, either City staff or ICAD can assume the role as
the lead economic development agency when working with a business expansion or a new
prospect. Working with prospective new businesses and expanding existing businesses currently
reflects the City's more active role.
A Business Friendly Community. A continued perception exists locally that Iowa City could be
more business friendly. This perception is disputed by a number of nationally recognized sources
which have repeatedly named Iowa City as one of the best small cities in America to do business.
This is evidenced by the 2003 Milken Institute Study that ranked Iowa City the #1 Small
Metropolitan Area in the United States for Business and Career Growth. In July 2003, Expansion
Magazine ranked Iowa City as the 11`h best metropolitan area in the nation for companies looking
to expand. It is clear that we should focus on marketing Iowa City and promote our successes to
reverse the perception that Iowa City is not a "business friendly community".
Quality of life is an important factor for locating or expanding businesses and Iowa City's reputation
for being a leader in this area is beneficial. For Iowa City to keep its high quality of life and remain
competitive as a community people choose to live in, we must be constantly reminded of the need
to grow the commercial and industrial sectors to expand the tax base in order to be able to afford
the amenities and services our residents desire and provide jobs. Expanding the commercial and
industrial tax base does not mean the community will lose its unique character as long as the new
development occurs in a way that is consistent with and respectful of existing development and
meets the goals of the community as expressed in the Comprehensive Plan. By undertaking and
promoting the planning process we are continually keeping community quality and economic
development issues before us as important issues.
According to the Iowa City Business Survey that was completed in 2001, municipal regulations and
their implementation by city staff needed to become more sensitive to facilitating and regulating
new development in the community. Some of this will be done with the adoption of the new
development code in 2004. We must continually review how we approach development in the
community to balance the goals of a quality community and industrial and commercial
development.
The City Council and the Economic Development Committee have worked to set the tone for a
new approach to encouraging development. This has been successful and a number of new
projects have been approved.
Resources Available for Economic Development.
The City of Iowa City has a number of tools available to assist economic development efforts.
These tools include Tax Increment Financing (TIF), Tax Exemptions or Tax Abatement, CDBG
Funding, bonds or other city funding resources. Marketing and using these tools to assist business
growth is key to furthering the City's economic development efforts. As such, an expanded
proactive and more aggressive economic development program will require additional resources to
implement an expanded program.
Actions for a Stronger Economic Development Role for the City
The following lists actions we can reasonably take in selected, key areas of economic development
to implement a more aggressive approach to economic development and to build the City's future
tax base:
Retention & Expansion
• [CAD will conduct business retention surveys and gather information about existing
businesses. Iowa City staff will work with ICAD to evaluate the satisfaction with governmental
and area support services, explore company growth plans, and offer assistance where
appropriate.
• Complete and implement the new City Development Code.
• As needed, consider changes to the City's regulatory process.
• Propose redevelopment plans and/or invest in public spaces in areas of the community, such
as South Riverside Drive, Towncrest, South Gilbert Street, North Dodge Street and the
Muscatine\First Avenue commercial areas.
• If approved, support the SSMID and encourage identification of potential market niches in the
downtown.
• Refine a comprehensive package of tax incentives and/or a revolving loan fund for low -interest
loans for economic development projects.
FA
• Continue to utilize tax or other incentives to increase the tax base through new construction of
facilities and/or additions to existing improvements.
• Promote quarterly business breakfasts, hosted by the City or with other partners.
Business Attraction
• Prepare materials that specifically market and promote Iowa City as a place to do business and
live.
• Continue to participate with economic development partners (e.g. ICAD, Chamber of
Commerce, MidAmerican and University of Iowa) to post site information on commercial and
industrial spaces in Iowa City.
• Upgrade the City's ability to provide site and other information electronically to prospective
companies.
• Proactively work with realtors to make them aware of Iowa City's positive economic climate.
• Increase Public Relations to promote Iowa City through mailings, press releases, web and
other avenues. Promote Economic Development success stories and activities.
• Continue to utilize tax or other incentives to increase the tax base through new construction of
facilities and/or additions to existing improvements.
• Support educational and outreach efforts to youth so they will remain in the area. Market job
opportunities to post -secondary students, GenXers and others.
• Build and enhance the City's relationship with commercial and industrial developers and
property owners in order to improve opportunities for development projects within Iowa City.
Work pro -actively with landowners and developers to solicit and plan for
commercial\industrial\office growth.
• Plan, zone and/or annex land for future industrial park land in southeast Iowa City and near
other major transportation corridors (e.g. 1-80, Hwy 218, Hwy 6 and Hwy 1).
• Work with the IDED, IDOT and the railroad(s) to extend rail spurs within existing or new
industrial areas.
• Encourage expansion of office and/or office research park space through zoning and/or
annexation in NE Iowa City.
• Market the availability of new commerciallindustrial properties along the Mormon Trek
extension and the Aviation Commerce Park.
• Construct an industrial speculative building independently or with a private sector partner.
• Take an increasingly active role in marketing and promoting Iowa City through cooperative
efforts with ICAD, Chamber of Commerce, CVB, IDED, and MidAmerican Energy and other
regional economic development interests.
• Proactively pursue federal and state funding for economic development projects and
infrastructure.
• Evaluate the need and, if necessary, plan for new commercial cores in the community in
coordination with the district planning process.
Entrepreneurship
• Continue financial assistance programs for start-up businesses or small business expansion by
using CDBG funds.
• Help develop a privately funded low -interest loan program for targeted businesses.
• Periodically re-evaluate the incubator concept, and when appropriate, pursue development.
• Discuss with the University of Iowa the possibilities of developing a
commercial\industrial\research park based on the "Oakdale" model.
• Work with the Small Business Development Center, Institute for Social and Economic
Development and the Pappajohn Center to facilitate the creation of new businesses.
• Develop relationships with the University of Iowa Office of Research to collaborate on activities
related to technology transfer and commercialization.
• Partner with ICAD regarding relationships with businesses at Oakdale and the University's
Technology Innovation Center (TIC) and determine spin-off business opportunities in Iowa City.
Future Economic Development Work Program
City of Iowa City Economic Development Division
Retention & Expansion
Work with ICAD to evaluate and coordinate information collected through their annual
business retention survey. Continue to evaluate satisfaction with governmental and area
services, explore company growth plans, and offer assistance where appropriate.
• Partner with ICAD on their business retention surveys and interviews. Summarize findings and
act to address outstanding issues.
• Follow-up on issues of concern to Iowa City businesses.
• Maintain outreach to businesses through one-on-one site visits by the Council Economic
Development Committee and staff.
• Periodically, conduct a business retention survey process ($2,500-$3,000).
Implement the City's New Uniform Development Code
• Maintain an on -going evaluation and consideration of changes to the City regulatory process
dealing with commercial and industrial projects.
• Reduce "red tape" and streamline processes.
Develop area redevelopment plans and/or invest in public spaces in areas of the
community, such as South Gilbert Street, North Dodge Street, S. Riverside Drive,
MuscatineOrst Avenue and the Towncrest areas.
• Conduct meetings with property owners and tenants in these areas to determine the level of
redevelopment and/or investment in public spaces.
• Review current zoning and land use patterns. Rezone property if needed.
• Consult with public works staff to prepare public improvement design plans or redevelopment
concepts and plan for such projects within the Capital Improvements Plan.
• As needed, construct physical public improvements\infrastructure.
• Consider applying for Vision Iowa, Community Attraction & Tourism and/or other funds from the
State of Iowa.
Support a retail and office market analysis to identify potential retail and office market
niches In defined commercial areas.
• If approved, support the CB-10 SSMID and encourage the identification of potential market
niches in the downtown.
• Work with the Chamber of Commerce, business and property owners in retail/office areas to
convey information from market study and develop strategy to act on results.
Establish a comprehensive package of tax incentives and/or a revolving loan fund for low
Interest loans for economic development projects.
• Continue to utilize tax or other incentives to increase the tax base through construction of new
facilities and/or additions to existing improvements.
• Encourage the use of existing tax exemption areas downtown to assist owners with renovations
or redevelopment that will increase the tax base.
• Pursue the development of a fagade renovation low -interest loan program for buildings in
targeted areas and supportthe use of State and Federal resource that may be available
including Historic and Rehabilitation Tax Credits.
Business Attraction
Prepare materials that specifically market and promote Iowa City as a place to do business
and live.
• Meet periodically with ICAD/CVB/Chamber of Commerce to review materials already available
to determine what supplemental materials are required.
• Prepare supplemental marketing materials specifically promoting Iowa City and why it is a good
place to do business. ($2,000-3,500)
• Update and link the City's web site to provide additional information, and promotional items to
highlight the City's economic development activities.
Enhance the City's relationship with commercial and Industrial developers and property
owners in order to improve opportunities for development projects within Iowa City.
• Develop contacts with area commercial/industrial developers and property owners.
• Host a workshop for area commercial/industrial developers and property owners (modeled after
the District Planning process) to engage them in proactive planning for commercial and
industrial areas.
Plan for new future industrial parks adjacent to major transportation corridors and the
expansion of the Scott -Six Industrial park In southeast Iowa City.
• Identify potential industrial sites, contact property owners and begin preliminary discussions.
• Consider acquiring land for future city -owned or public -private partnership in an industrial park.
• Identify development costs and resources for new or expanded infrastructure capacities in
industrial areas.
• Work with property owners, the railroad and state agencies to extend rail spurs in Iowa City.
Construct a speculative industrial building.
• Identify a location for speculative building.
• Prepare a proposal for a city/private sector partnership or partnership with the University of
Iowa.
• Construct a speculative building of 20,000 square feet or larger. ($1.5-$1.75 million)
Develop a plan for new or expanded future office and research park land in northeast Iowa
City.
• Utilize existing transportation infrastructure (1-80, Highway 1, Scott Blvd and First Avenue) to
identify potential sites begin discussions with property owners.
• Identify development costs of needed infrastructure for new officelresearch areas.
• Explore the possibilities of extending fiber optic, wireless or other communication
enhancements to facilitate the location and expansion of information based companies.
Continue an active role in marketing and promoting Iowa City through cooperative efforts
with ICAD, IDED, the University of Iowa and MidAmerican Energy.
• City staff to participate with ICAD, the State of Iowa and others in the development of prospect
proposals and prospect site visits.
• Plan and host regular meetings with UI officials (e.g. Business College, Medical School,
Pharmacy, Research and Technology).
• Use MidAmerican programs and incentives to enhance Iowa City's marketing and other
economic development efforts.
• In conjunction with ICAD, include Council Economic Development Committee members to
visits with major employers in the community as requested.
• Participate in "Sell Iowa" trips with the Iowa Department of Economic Development ($2,000-
$3,000).
Evaluate the need and plan for, if necessary, new commercial cores in the community.
• As part of the retail\office market analysis, comprehensive planning and/or district planning
processes, identify need for future commercial cores.
• Development of redeveloped or expanded commercial cores at Towncrest and North Dodge
Street.
• If necessary, rezone property for future commercial cores.
Entrepreneurship
Encourage the development of a Business Information Center through exploring the
creation of a one -stop business development facility.
• Encourage co -locating a Business Information Center with the Small Business Development
Center, Institute for Social and Economic Development, SCORE, and other business
development groups
• Preferably locate in a high -visibility street level location.
Develop a financial assistance program for start-up businesses using CDBG funds and
develop a low -interest loan program for targeted businesses.
• Continue and promote the CDBG Economic Development Fund.
• With assistance from the Small Development Business Center and the Institute for Social and
Economic Development, work with area banks to create a privately funded low interest loan
program to promote the creation and expansion of small businesses.
Periodically re-evaluate the incubator concept, and when appropriate, pursue the
development of one In Iowa City.
• Upon direction from the Council Economic Development Committee, explore the incubator
concept.
• Work with the University of Iowa to develop a high tech inventor incubator on campus.
• Perform a feasibility study outlining the framework for establishing an incubator, if the decision
is to proceed.
Develop a relationship with the businesses at the TIC Center and directors at the National
Advanced Driving Simulator to determine spin-off business opportunities in Iowa City.
• Periodically contact the TIC Director to discuss Iowa City's role in working with the TIC Center
businesses. Hold individual meetings with TIC businesses as needed.
• Prepare marketing materials specifically targeted towards TIC businesses and NADS spin-off
businesses.
This work program outlines numerous activities and projects that may be undertaken. However, if
the City budget mandates the continuation of a .5 FTE Economic Development Coordinator, the
tasks will have to be prioritized by the Council Economic Development Committee and City
Manager. Please note that on -going reporting and other efforts related to past economic
development activities (e.g. TIF projects) must also be maintained. The work plan also assumes
contracting for specialized work such as drafting redevelopment plans, market analyses, design
work for capital projects, and development of marketing materials\web enhancements.
City Council Economic Development Policy Committee
To implement an active economic development strategy and create a high profile policy, the City
Council Economic Development Committee was established. We believe the economic
development activities and policy to be very important to our economic future. Please note that in
order to implement the economic development strategies effectively we will need to be flexible,
able to reach a decision in an abbreviated timeframe, and be creative with our resources.
In addition, we will be looking at ways to target federal and state funds for these efforts. This
approach will likely involve greater interaction for staff and/or Council with federakstate agencies
and our federal\state legislators.
March, 2004
Central Business District
Urban Revitalization Plan
Adopted September 28, 1999
Prepared by: David Schoon, Eco, Dev, Coord., 410 E. Washington St., Iowa City, IA 52240 (319) 356-5236
RESOLUTION NO. 99-337
RESOLUTION APPROVING THE CENTRAL BUSINESS DISTRICT URBAN
REVITALIZATION PLAN AND REPEALING RESOLUTION NO.93-334.
WHEREAS, the City Council for the City of Iowa City, Iowa, adopted Resolution No. 99-242
finding that the Central Business District Urban Revitalization Area meets the criteria of Sections
404.1(3) and (4), Code of Iowa (1999), and that rehabilitation, conservation, redevelopment,
economic development or a combination thereof of the area is necessary in the interest of the
public health, safety or welfare of the residents of Iowa City; and
WHEREAS, pursuant to Iowa Code §404.2 (1999), staff prepared a Central Business District
Urban Revitalization Plan; and
WHEREAS, the Council scheduled a public hearing on the Plan for 7:00 PM, August 24, 1999, in
the City Council Chambers, Civic Center, 410 E. Washington Street., Iowa City, Iowa; and
WHEREAS, public notice of this hearing was published in the Press -Citizen and notification of this
hearing was mailed by ordinary mail to the last known address of all owners of record of property,
and to the "occupants" of all city addresses located within the proposed Central Business District
Urban Revitalization Area, at least 30 days prior to the hearing date; and
WHEREAS, Council held the public hearing at the time and place scheduled and provided all
persons appearing and desiring to be heard regarding the Plan the opportunity to be heard; and
WHEREAS, the City of Iowa City previously approved Resolution No. 93-334 which approved the
Block Sixty -Two (62) Urban Revitalization Plan; and
WHEREAS, Block Sixty -Two will be contained in and better served by the Central Business
District Urban Revitalization Plan such that the prior Resolution may be repealed as provided by
Iowa Code Chapter 404 (1999).
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY,
IOWA, THAT:
The City Council has held public hearings on the Central Business District Urban
Revitalization Plan as required by Iowa Code §404.2 (1999).
2. The Central Business District Urban Revitalization Plan attached hereto is hereby
approved.
3. Resolution No. 93-334, which approved the Block 62 Urban Revitalization Plan, is hereby
repealed.
Resolution No. 99-337
Page 2
Passed and approved this 28th day of September , 19—q2_.
ATTEST: � -�_Yt - A4a )
CI LERK
It was moved by Norton and seconded by 0' Donnpi 1 the Resolution be
adopted, and upon roll call there were:
AYES: NAYS: ABSENT:
x Champion
_ x Kubby
X Lehman
X Norton
X O'Donnell
x Thornberry
x Vanderhoef
ecodev\reslcdb urb.doc
Prepared by: David Schoon, Economic
Development Coordinator, 410 E. Washington
Street, Iowa City, IA 52240; 319-356-5236
ORDINANCE NO. 99-3900
AN ORDINANCE DESIGNATING AN AREA OF
THE CITY OF IOWA CITY, IOWA, AS AN
URBAN REVITALIZATION AREA WHICH
SHALL BE KNOWN AS THE CENTRAL
BUSINESS DISTRICT URBAN
REVITALIZATION AREA.
WHEREAS, Iowa Code Chapter 404 permits
the goveming body of a city to designate an area
of the city as an urban revitalization area if the
area satisfies the criteria set forth in Iowa Code
§404.1 (1999); and
WHEREAS, the City Council of the City of
Iowa City, Iowa has determined that the area
within the City legally described below
substantially meets the criteria of §404.1(3) and
(4):
Blocks 61-66 and 80-84 of Original Town
Specifically, the area contains a predominance of
buildings, which by reason of age, history,
architecture or significance, should be preserved
or restored to productive use and the area is
appropriate as an economic development area as
defined in Iowa Code §403.17 (1999); and
WHEREAS, the City Council has determined
that the rehabilitation, conservation
redevelopment, economic development, or a
combination thereof of this area is necessary in
the interest of the public health, safety and welfare
of the residents of the City of Iowa City, Iowa; and
WHEREAS, the City of Iowa City previously
enacted Ordinance No. 93-3600 which designated
Block Sixty -Two (62), Original Town, Iowa City,
Iowa as an Urban Revitalization Area; and
WHEREAS, Block Sixty -Two will be contained
in and better served by the Central Business
District Urban Revitalization Area such that the
prior Ordinance may be repealed as provided by
Iowa Code Chapter 404 (1999).
NOW, THEREFORE, BE IT ORDAINED BY
THE CITY COUNCIL OF THE CITY OF IOWA
CITY, IOWA:
SECTION I. Pursuant to Iowa Code Chapter
404 and in consideration of the recitations set
forth above, Ordinance No. 93-3600 designating
Ordinance No. gg_3gpp
Page 2
the Block Sixty -Two (620) Urban Revitalization
Area is hereby repealed and the area legally
described below is hereby designated as a
revitalization area, which shall be known as the
Central Business District Urban Revitalization
Area:
Blocks 61-66 and 80-84 of Original Town,
Iowa City, Iowa
SECTION II. REPEALER. Al ordinances
and parts of ordinances in conflict with the provi-
sions of this Ordinance are hereby repealed.
SECTION III, SEVERABILITY. If any
section, provision or part of the Ordinance shall be
adjudged to be invalid or unconstitutional, such
adjudication shall not affect the validity of the
Ordinance as a whole or any section, provision or
part thereof not adjudged invalid or unconsti-
tutional.
SECTION IV, EFFECTIVE DATE. This Ordi-
nance shall be in effect after its final passage,
approval and publication, as provided by taw.
Passed and approved this _M day of
SeDtember, 1999.
Zoev►v�..,
AYORj
ATTEST: = ER .ems 9Y_w
CITY CL K
ecodavwanwd.dx
TABLE OF CONTENTS
CENTRAL BUSINESS DISTRICT URBAN REVITALIZATION PLAN
Section 1 - Selection Criteria for Central Business District Urban Revitalization Area
Code of Iowa Criteria
City of Iowa City Policy Criteria
CBD Urban Revitalization Plan Objectives
Section 2 - The CBD Plan Components
- Description of CBD Urban Revitalization Area
- Existing Assessed Valuations of Real Estate and
Owners of Record of Real Estate
- Land Use
- Proposals for Improving or Expanding City Services
- Applicability of Plan
- Qualifications for Eligibility
- Tax Exemption Schedules
- Relocation Provisions
Section 3 - Federal, State, Local, or Private Grant or Loan Programs Available for
Residential Improvements
Section 4 - Prior Approval of Eligibility and Application for Tax Exemption
Section 5 - Amendments to Plan
Section 6 - Repeal of Ordinance
Addendum 1 - Central Business District Urban Revitalization Area Map
Addendum 2 Existing Assessed Valuation of Real Estate and Owners of Record of
Real Estate
Addendum 3 Central Business. District Urban Revitalization Area - Existing Zoning
Addendum 4 Central Business District Urban Revitalization Area - Existing Land Use
Map
2
Central Business District
Urban Revitalization Plan
SECTION 1: SELECTION CRITERIA FOR THE NEAR SOUTHSIDE CBD
URBAN REVITALIZATION AREA
CODE OF IOWA CRITERIA
Under the Urban Revitalization Act of the State of Iowa, the City is granted the authority to
designate portions of the City, which meet the specified criteria as revitalization areas.
Accordingly, on July 13, 1999 the Iowa City City Council adopted a resolution finding that
the proposed Central Business District Urban Revitalization Area meets the criteria of Section
404.1 (4) of the Code of Iowa (1999), namely that the rehabilitation, conservation,
redevelopment, economic development or a combination thereof is necessary in the interests
of the public health, safety and welfare of the residents of the City.
Section 404.1 (4), Code of Iowa (hereafter "Code,") specifically states that the City may
designate an area of the City a revitalization area if that area is "an area which is appropriate
as an economic development area as defined in section 403.17." Section 403.17, Code
defines an economic development area as "an area of a municipality designated by the local
governing body as appropriate for commercial and industrial enterprises or housing and
residential development for low and moderate income families, including single or multifamily
housing." The Code also states that the City may designate an area of the City a
revitalization area if that area is "an area in which there is a predominance of buildings or
improvements which by reason of age, history, architecture or significance should be
preserved or restored to productive use."
CITY OF IOWA CITY POLICY CRITERIA
In December of 1997, the Iowa City City Council adopted the 1997 Iowa City
Comprehensive Plan, which is a statement of goals and policies of the community. The
Comprehensive Plan identifies five economic well-being goals, including one that states that
the community should "improve the environmental and economic health of the community
through the efficient use of resources". Under this goal the Plan identifies two strategies to
use to achieve this goal. They include (1) encourage commercial activity to take place in
existing core areas or neighborhood commercial centers; discourage the proliferation of new
major commercial areas and (2) continue and enhance downtown revitalization. The
Comprehensive Plan also suggests consideration of financial incentives and programs to
facilitate achieving the economic well-being goals.
Based on the City Council's intent, the properties set out in Addendum 1 are hereby
designated as appropriate commercial uses for urban revitalization purposes, and are hereby
declared to be included in the Central Business District Urban Revitalization Area (hereafter
"CBD Area"), and said properties are further declared to be within this Central Business
District Urban Revitalization Plan (hereafter "CBD Revitalization Plan").
The following historic or architecturally significant structures in the CBD Area are on the
National Register of Historic Places (NRHP) or designated as an Iowa City Historic Landmark
(ICHL):
• Franklin Printing House - 115 S. Dubuque c. 1856 (both NRHP and ICHL)
• First Congregational Church - 30 N. Clinton c. 1869 (both)
• Trinity Episcopal Church - 320 E. College c. 1871 (both)
• George Van Patten House - 9 S. Linn c. 1873 (both)
3
Central Business District
Urban Revitalization Plan
• College Block Building - 127 E. College c. 1883 (both)
• Boerner-Fry Co Building (Davis Hotel) - 332 E. Washington c. 1900 (NRHP)
• Paul -Helen Building - 207-215 E. Washington c. 1910 (both)
• Old Post Office (Senior Center) - 27 S. Linn (NRHP)
In addition to those structures already designated as historic properties, the CBD contains
numerous buildings that for reasons of age, history, architecture, or significance are eligible
for listing on the National Register of Historic Places. Those properties over 50 years of age
that are designated as historic structures, or that are determined to be eligible for designation
by the Iowa City Historic Preservation Commission, shall be considered "historic or
architecturally significant structures" for the purposes of fulfilling the objectives of this CBD
Urban Revitalization Plan. The Historic Preservation Commission is in the process of surveying
properties within the CBD Area to identify historic resources that are eligible for designation
either individually or as part of a historic district. Upon completion of the survey, this
information will be available to the Historic Preservation Commission in making its
determinations of eligibility. Prior to the completion of the survey, eligibility shall be
determined based on the National Register Criteria (36 (CFR) Part 60) or criteria identified in
City Code Section 14-4C-2 for determining eligibility of potential Historic Landmarks.
CBD URBAN REVITALIZATION PLAN OBJECTIVES
The primary objective of this CBD Urban Revitalization Plan is to encourage the revitalization
of commercial activity in and the reuse of historic and architecturally significant structures in
the CBD Area. The City of Iowa City has recently made a substantial investment in the
downtown Iowa City to ensure the continued vitality of this center of the community. This
investment was made in response to aging and dilapidating infrastructure and a concern for
the economic health of downtown in the face of significant growth in suburban retail
markets. In a citizen based Downtown Strategy and Action Plan endorsed by the City
Council in 19997, public sector and private sector partnerships are encouraged to address the
revitalization of downtown. The granting of property tax exemption on the added value of
private improvements is one such partnership and will provide an incentive to property
owners and business tenants to reinvest in non-residential commercial activities in the
downtown area either in the form of rehabilitations, additions, or new construction.
Though the zoning ordinance permits commercial residential uses within the CBD Area, the
City Council has determined that encouragement of "commercial residential development" is
not needed in the CBD Area. The Council finds that the market, itself, drives the
attractiveness of this area for high -density residential uses. The Council further finds that the
use of financial incentives, such as property tax exemption, is necessary to encourage the
development of high density non-residential commercial uses in the core area of the
community.
Consequently, the primary objective of this CBD Revitalization Plan is to encourage the
revitalization and redevelopment of the CBD Area for commercial uses other than commercial
residential uses, and to encourage the reuse of historic and architecturally significant
structures in the CBD Area. To achieve these objectives, the City of Iowa City shall
undertake the urban revitalization activities as specified in this CBD Revitalization Plan,
pursuant to the powers granted to the City under Chapter 404, Code of Iowa (1999).
4
Central Business District
Urban Revitalization Plan
SECTION 2: THE CBD URBAN REVITALIZATION PLAN COMPONENTS
DESCRIPTION OF CBD URBAN REVITALIZATION AREA
The legal description of the Central Business District Urban Revitalization Area is:
Blocks 61-66 and 80-84 of Original Town
as described in the attached Addendum 1, which is attached hereto and incorporated by
reference herein.
EXISTING ASSESSED VALUATION OF REAL ESTATE
AND
OWNERS OF RECORD OF REAL ESTATE
Addendum 2, which is attached hereto and incorporated by reference herein, contains
existing assessed valuations of all real estate in the CBD Area, and contains a listing of the
names and addresses of the owners of record of real estate within the CBD Area.
LAND USE
Existing Zoning
The existing zoning of the project area as identified on the Iowa City Zoning Map is Central
Business (CB-10) Zone and Public (P) Zone; see attached Addendum 3 for existing zoning.
The existing zoning is generally consistent with the proposed land uses as illustrated on the
1997 Iowa City Comprehensive Plan Map.
Existing Land Uses
The existing land uses in the CBD Area include commercial uses (retail, office, and non-
residential), residential uses, religious uses, and public uses; see attached Addendum 4 for
existing land uses.
Proposed Land Uses
The proposed land uses in the CBD Area shall be consistent with the City Zoning Ordinance
and the 1997 Iowa City Comprehensive Plan.
5
Central Business District
Urban Revitalization Plan
PROPOSALS FOR IMPROVING OR EXPANDING CITY SERVICES
The City Council has evaluated whether a need exists for improving or expanding city
services within the CBD Area including, but not limited to, transportation facilities, sanitary
sewer, solid waste collection, street maintenance, park facilities, and police and fire
protection. To this end, the City Council hereby identifies the following improvements that
would enhance redevelopment and revitalization of said CBD Area.
• Downtown Streetscape Improvements
• Iowa Avenue Streetscape Improvements
• Iowa Avenue Multi -Use Parking Facility
• New and Expanded Destination
• Transit Facility Interchange
• Improved Maintenance & Security
• Additional Year -Round Activities, such as weekly concerts and annual festivals.
APPLICABILITY OF THE PLAN
Land Uses
This CBD Revitalization Plan is applicable to all qualified real estate assessed as commercial
property. Only the non-residential commercial component of the property qualifies for
property tax exemption. However, any reuse of a historic structure assessed as residential,
residential commercial, or non-residential commercial property shall be considered qualified
real estate.
Types of Construction Eligible
Eligible construction includes rehabilitation and additions to existing property and new
construction for all property defined as qualified real estate herein. In order for the
rehabilitation, additions, or new construction to qualify for property tax exemption, said
rehabilitation, additions, or new construction must begin after adoption of this CBD
Revitalization Plan and the corresponding Ordinance. New construction that requires the
demolition of structures identified in this CBD Revitalization Plan as historic and/or
architecturally significant is not eligible for property tax exemption.
All rehabilitation to historic or architecturally significant structures shall be done in such a
manner as to preserve or restore any historic structure to productive use in order to be
eligible. The guidelines for determining if rehabilitation does preserve or restore the structure
shall be those set forth in the 1990 revised edition of the Secretary of Interior's Standards
for Rehabilitation and Guidelines for Rehabilitating Historic Buildings. All additions to
historically or architecturally significant structures shall be developed in such a manner as to
be architecturally compatible with existing development. Plans and specifications for
proposed exterior renovation must be submitted to the Iowa City Historic Preservation
Commission for review and approval prior to issuance of a building permit in order for the
improvements to qualify for property tax exemption.
The design for all rehabilitation, additions, and new construction of non -historic structures
must be submitted to the Iowa City Design Review Committee for review and
recommendation. The Design Review Committee recommendation will be submitted to the
6
Central Business District
Urban Revitalization Plan
Iowa City City Council for review and approval. The City Council must approve the exterior
design for all rehabilitation, additions, and new construction of non -historic structures prior
to issuance of a building permit in order for the improvements to qualify for property tax
exemption.
Time Frame
The CBD Area shall remain a designated revitalization area for ten years from the date of
designation.
Revenue Bonds
The City has no plans to issue revenue bonds for revitalization projects within the CBD Area.
QUALIFICATIONS FOR ELIGIBILITY
Qualified property improvements include rehabilitation and additions to existing structures
and new construction for property assessed as commercial property defined above as
qualified real estate, see "Applicability of the Plan, Land Uses and Types of Construction
Eligible." Qualified property improvements do not include new construction that requires the
demolition of structures identified herein as historic and/or architecturally significant.
In order to be considered eligible, all improvements must be completed in conformance with
all applicable regulations of the City of Iowa City. All improvements must also increase the
actual value of the property as of the first year for which an exemption is received by at
least fifteen percent (15%) in the case of real property assessed as commercial property and
by at least ten percent (10%) in the case of real property assessed as residential property.
Actual value added by improvements defined as eligible herein means the actual value added
as of the first year for which the exemption was received.
TAX EXEMPTION SCHEDULE
Tax exemption on qualifying improvements shall follow one of four schedules as set out by
state law. Eligible property owners shall elect one of the four schedules. Once the election
has been made and the exemption granted, the owner is not permitted to change the
method of exemption. Exemption schedules are as follows:
All qualified real estate assessed as residential property is eligible to receive an
exemption from taxation based on the actual value added by the improve-
ments. The exemption is for a period of ten (10) years. The amount of the
exemption is equal to a percent of the actual valued added by improvements,
determined as follows: one hundred fifteen percent (115%) of the value
added by the improvements. However, the amount of the actual value added
by the improvements which shall be used to compute the exemption shall not
exceed twenty thousand dollars ($20,000) and the granting of the exemption
shall not result in the actual value of the qualified real estate being reduced
below the actual value on which the homestead credit is computed under
section 425.1, Code of Iowa (1999)•
7
Central Business District
Urban Revitalization Plan
2. All qualified real estate is eligible to receive a partial exemption from taxation
on the actual value added by the improvements. The exemption is for a
period of ten (10) years. The amount of the partial exemption is equal to a
percent of the actual value added by the improvements, determined as
follows:
a. For the first year, eighty percent (80%).
b. For the second year, seventy percent (70%).
C. For the third year, sixty percent (60%).
d. For the fourth year, fifty percent (50%).
e. For the fifth year, forty percent (40%)•
f. For the sixth year, forty percent (40%).
g. For the seventh year, thirty percent (30%).
h. For the eight year, thirty percent (30%).
i. For the ninth year, twenty percent (20%).
j. For the tenth year, twenty percent (20%).
3. All qualified real estate is eligible to receive a one hundred percent (100%)
exemption from taxation on the actual value added by the improvements. The
exemption is for a period of three (3) years.
4. All qualified real estate assessed as residential property or assessed as
commercial property is eligible to receive a one hundred percent (100%)
exemption from taxation on the actual value added by the improvements, but
only if the commercial property consists of three (3) or more separate living
quarters with at least seventy-five percent (75%) of the space used for
residential purposes. The exemption is for a period of ten (10) years.
RELOCATION PROVISIONS
The City has considered provisions for the relocation of persons, including families, business
concerns and others who could be displaced as a result of improvements to be made in the
designated CBD Area. Upon such consideration, the following shall be provided under the
CBD Revitalization Plan:
Benefits
Upon application for and the City's verification of a property owner's eligibility for tax
exemption, qualified tenants in the designated CBD Area shall be compensated by the
property owner for one month's rent and for actual reasonable moving and related expenses,
where said displacement was due to action on the part of the property owner to qualify for
said tax exemption.
8
Central Business District
Urban Revitalization Plan
Eligibility
"Qualified tenant" means the legal displaced occupant of a residential dwelling unit which is
located within the designated CBD Area where the person or family has occupied the same
dwelling unit continuously for twelve (12) months prior to the City's adoption of this CBD
Revitalization Plan. There are no relocation provisions made for displacement from
commercial units.
Actual Reasonable Moving and Related Expenses
A qualified tenant of a dwelling is entitled to actual reasonable expenses for:
a. Transportation of the displaced person and personal property from the
displacement site to the replacement site. Transportation costs for a distance
beyond twenty-five miles are not eligible.
b. Packing, crating, unpacking and uncrating of personal property.
C. Disconnecting, dismantling, removing, reassembling and reinstalling relocated
household appliances and other personal property.
d. Discontinuing, transferring or reconnecting utility services, including cable
television.
Least Costly Approach
The amount of compensation for an eligible expense shall not exceed the least costly
method of accomplishing the objective of the compensation without causing undue hardship
to the displaced tenant and/or landlord.
9
Central Business District
Urban Revitalization Plan
SECTION 3: FEDERAL, STATE, LOCAL OR PRIVATE GRANT OR LOAN
PROGRAMS AVAILABLE FOR RESIDENTIAL
IMPROVEMENTS
Community Development Block Grants (CDBG)
CDBG monies are federal monies that are appropriated to the City of Iowa City on an annual
basis. Use of the CDBG monies must benefit low or moderate -income persons.
Federal Tax Credit for Historic Structures
The federal government provides a federal tax credit for rehabilitation of properties listed on
the National Register of Historic Places.
HOME Program
HOME funds are appropriated by Congress to HUD for housing activities. In Iowa City,
these HOME funds are allocated through and administered by the Iowa Department of
Economic Development. As with CDBG, HOME funds are designed to provide housing
assistance to low and moderate income persons.
SECTION 4: PRIOR APPROVAL OF ELIGIBILITY AND APPLICATION FOR
TAX EXEMPTION
A person may submit a proposal for an improvement project to the City to receive prior
approval for eligibility for a tax exemption on the project, pursuant to Section 404.4, Code
of Iowa (1999).
An application shall be filed for each new exemption claimed and approved by the City
Council pursuant to Section 404.4, Code. The City Assessor shall physically review each
first -year application pursuant to Section 404.5, Code.
SECTION 5: AMENDMENTS TO CBD REVITALIZATION PLAN
Once the City has adopted the CBD Revitalization Plan herein, the City may amend the plan,
but only after a public hearing before the City Council. Notice of said hearing on proposed
amendments shall be published as required in Section 362.3, Code of Iowa (1999), provided
that at least seven (7) days notice is given, and that said public hearing is held no earlier
than the next regularly scheduled City Council meeting following the published notice.
10
Central Business District
Urban Revitalization Plan
SECTION 6: REPEAL OF ORDINANCE
When in the opinion of the City Council the desired level of revitalization has been attained
or economic conditions are such that the continuation of the exemption granted by this CBD
Revitalization Plan would cease to be of benefit to the City, the City Council may repeal the
ordinance establishing the CBD Area. In that event, all existing exemptions shall continue
until their expiration.
A......... —A D.,
Shared\ecodev\cbd upr.doc
Central Business District
Urban Revitalization Plan
M
Addendum CITY OF IO#Ar CITY qNP
IOWA
YJ(J C
ON I
ji-- --
1
—
Z
�. E WASHIN!GQN`ST _- _..
Yp
a �' 1
84
7-
t
E COLLtoo ZOU 3 ��
I i I
I
83
L RdlM®IM I I IMMIMMIMMWgLMN®
�j
Central Business District Urban Revitalization Area
:y '.c..c City
_ E WASKNGTON ST
City or io,.a city
E COLLEGE ST -)
E BURUNGTON ST- I
ADDENDUM 2 - CENTRAL BUSINESS
DISTRICT URBAN REVITALIZATION PLAN
ASSESSED VALUATION OF REAL ESTATE & OWNERS OF RECORD OF
REAL ESTATE
1998
CURRENT ASSESSMENTS
LAND
BUILDING &
ASSESSED
IMPROVEMENT
PARCEL sy
OWNER'S NAME & MAILING ADDRESS
PROPERTY ADDRESS
VALUE
ASSESSED VALUE
TOTAL
1010311001
BILL MIHALOPOULOS
1 S DUBUQUE ST
$159,800
$270,170
$429,970
1105 W BENTON ST
IOWA CITY IA 52246
1010311002
DUSS PROPERTIES
5 S DUBUQUE ST
$65,800
$158,550
$224,350
4558 SAN SIRO DR
SARASOTA FL 34235
1010311003
RINELLA BUILDING PARTNERSHIP
7 S DUBUQUE ST
$79,900
$126,080
$205,980
%EDRIS J MCCARTHY 1409 LACHMAN L
PACIFIC PALISADES CA 90272
1010311004
EUGENE F FISHER
9 S DUBUQUE ST
$86,700
$125,640
$212,340
533 SOUTHGATE AVE %CHAMBERS AGEN
IOWA CITY IA 52240
1010311005
MAUREEN A MONDANARO
11 S DUBUQUE ST
$99,620
$152,690
$252,310
114 COLLEGE ST %FRESH FOODS CONC
IOWA CITY IA 52240
1010311006
THE WILLIAMS CO
13 S DUBUQUE ST
$188,530
$449,480
$638,010
19-21 S DUBUQUE ST
IOWA CITY IA 52240-3902
1010311008
.SARAH GRAHAM BELL & JOHN H GRAHA
121 IOWA AVE
$209,140
$333,420
$542,560
%GERRY AMBROSE 250 12TH AVE ST
CORALVILLE IA 52241-2928
1010311009
HARRY BREMER ESTATE
119 IOWA AVE
$106,210
$54,350
$160,560
IOWA STATE BANK & TRUS PO BOX 17
IOWA CITY IA 52244
1010311010
HARRY BREMER ESTATE
117 IOWA AVE
$111,270
$89,090
$200,360
% CARDAN INC 115 IOWA AVE
IOWA CITY IA 52240
1010311011
DANIEL BERRY
115 IOWA AVE
$86,400
$115,460
$201,860
115 IOWA AVE
IOWA CITY IA 52240
1010311012
DANIEL L BERRY
113 IOWA AVE
$86,400
$128,710
$215,110
2905 BROOKSIDE DR
IOWA CITY IA 52245
1010311013
DEY BUILDING L L C
105 IOWA AVE
$512,250
$901,900
$1,414,150
8 S CLINTON ST
IOWA CITY IA 52240
1010311014
DEAN G & EVELYN M OAKES
12 S CLINTON ST
$227,000
$348,020
$575,020
PO BOX 1456
IOWA CITY IA 52244
Page 1
LAND
BUILDING &
ASSESSED
IMPROVEMENT
\RCEL #
OWNER'S NAME & MAILING ADDRESS
PROPERTY ADDRESS
VALUE
ASSESSED VALUE
TOTAL
310311015
CAMAY ENTERPRISES COMPANY, LTD
14 S
CLINTON ST
$118,000
$142,410
$260,410
3725 FOREST GATE DR NE
IOWA CITY I IA
52240
010311016
ALFRED J & MARY A MCDONAI.D
16 S
CLINTON ST
$123,900
$159,510
$283,410
621 N VAN BUREN ST
IOWA CITY IA
52245
010311017
LAURENCE SHORT ET AL
18 S
CLINTON ST
$82,600
$127,320
$209,920
PO BOX 1126
IOWA CITY IA
52244
010311018
LAURENCE SHORT ETAL
20 S
CLINTON ST
$96,000
$145,820
$241,820
PO BOX 1126
IOWA CITY IA
52244
010311019
RINELLA BUILDING PARTNERSHIP
22 S
CLINTON ST
$121,900
$161,550
$283,450
%EDRIS J MCCARTHY 1409 LACHMAN
L
PACIFIC PALISADES CA
90272
010311020
FRANK C BYERS
24 S
CLINTON ST
$132,500
$172,310
$304,810
940 WHELK DR
SANIBEL FL
33957-4814
1010311021
FRANK C BYERS
26 S
CLINTON ST
$106,000
$145,080
$251,080
940 WHELK DR
SANIBEL FL
33957-4814
1010311022
ROBERT J & WILLIAM D NOSER
28 S
CLINTON ST
$91,000
$169,190
$260,190
28 S CLINTON ST
IOWA CITY IA
52240
1010311023
GILDA V & ERICH W SIX
30 S
CLINTON ST
$91,000
$121,660
$212,660
1224 MELROSE AVE
IOWA CITY IA
52246
1010311024
WILLIAM M & HELEN B BYINGTON
32 S
CLINTON ST
$158,500
$218,180
$376,680
1557 SCMIERSET LN
IOWA CITY IA
52240
1010311025
M C GINSBERG JEWELERS, INC.
110
WASHINGTON ST
$85,500
$163,100
$248,600
110 WASHINGTON ST
IOWA CITY IA
52240
1010311026
WASHINGTON STREET PROPERTIES
112
WASHINGTON ST
$90,000
$127,930
$217,930
C/O GARY L. FINK 4 PRINCETON CT
IOWA CITY IA
52245
1010311027
F & S PROPERTIES
114
WASHINGTON ST
$231,750
$313,510
$545,260
4 PRINCETON CT
IOWA CITY IA
52245
1010311028
LUBIN & GOLDBERG
118
WASHINGTON ST
$131,000
$242,890
$373,890
%IOWA STATE BANK PO BOX 1700
IOWA CITY IA
52244
Page 2
LAND
BUILDING &
PARCEL #
OWNER'S NAME & MAILING
ADDRESS
PROPERTY ADDRESS
ASSESSED
VALUE
IMPROVEMENT
ASSESSED VALUE
TOTAL
1010311029
HARRY BREMER ESTATE
120
1/2 WASHINGTON ST
$255,850
$526,110
$781,960
%IOWA STATE BANK & TRS
PO BOX
17
IOWA CITY
IA
52244
1010311030
OLD TOWN PROPERTIES
124
WASHINGTON ST
$116,000
$201,860
$317,860
C/O GARY FINK 4 PRINCETON
CT
IOWA CITY
IA
52245
1010311031
EVELYN M OAKES
126
WASHINGTON ST
$110,000
$127,500
$237,500
PO BOX 1456
IOWA CITY
IA
52244
1010311032
HARRY BREMER ESTATE
128
WASHINGTON ST
$100,000
$120,180
$220,180
%IOWA STATE BANK & TRS
PO BOX
17
IOWA CITY
TA
52244
1010311033
HARRY BREMER ESTATE
130
WASHINGTON ST
$100,000
$120,180
$220,180
%IOWA STATE BANK PO BOX 1700
IOWA CITY
IA
52244
1010311034
HARRY BREMER ESTATE
132
WASHINGTON ST
$115,000
$176,670
$291,670
%IOWA STATE BANK & TRS
PO BOX
17
IOWA CITY
LA
52244
1010311035
HAZEL J & RICHARD MILLER
23
S DUBUQUE ST
$86,700
$162,120
$248,820
37 BROOKFIELD DR
IOWA CITY
IA
52245
1010311036
MACHT INC
21
S DUBUQUE ST
$86,700
$128,450
$215,150
%BILL NUSSER 19-21 S DUBUQUE
ST
IOWA CITY
IA
52240-3902
1010311037
MACHT INC
19
S DUBUQUE ST
$86,700
$138,340
$225,040
%BILL NUSSER 19-21 S DUBUQUE ST
IOWA CITY
fA
52240-3902
1010311038
LAURENCE R SHORT
17
S DUBUQUE ST
$91,800
$173,970
$265,770
PO BOX 1126
IOWA CITY
IA
52244-1126
1010312001
GILDA & ERICH W SIX
229 IOWA AVE
$104,740
$79,380
$184,120
1244 MELROSE AVE
IOWA CITY
IA
52246
1010312002
BRUEGGERS BAGEL
225
IOWA AVE
$178,500
$221,190
$399,690
720 LIBERTY WAY
NORTH LIBERTY
IA
52317
1010312003
ENTERPRISE INVESTMENT
GROUP L
L
9 S LINN ST
$96,770
$90,420
$187,190
2615 FERNDALE DR
IOWA CITY
IA
52245
1010312004
ENTERPRISE INVESTMENT
GROUP LLP
13
S LINN ST
$126,000
$297,800
$423,860
2615 FERNDALE DR
IOWA CITY
IA
52245
Page 3
LAND
BUILDING &
ASSESSED
IMPROVEMENT
iRCEL #
OWNER'S NAME & MAILING ADDRESS
PROPERTY ADDRESS
VALUE
ASSESSED VALUE
TOTAL
)10312006
REARDON APARTMENTS
215 IOWA AVE
$82,600
$189,270
$271,870
1218 HIGHLAND CT
IOWA CITY
IA
52240
)10312007
ROY L YELDER
211 IOWA AVE
$165,200
$271,960
$437,160
521 MELROSE CT
IOWA CITY
IA
52246
010312008
JANET L MOORE & C ROBERT
WIKEL
2 S DUBUDUE ST
$110,250
$138,650
$248,900
3771 COTTAGE RESERVE RD
HE
SOLON
, IA
52333
010312009
JANET L MOORE & C ROBERT
WIKEL
4 S DUBUDUE ST
$85,850
$138,650
$224,500
3771 COTTAGE RESERVE RD
NE
SOLON
IA
52333
010312010
THE DEADWOOD
6 S DUBUDUE ST
$193,160
$240,670
$433,830
6 S DUBUDUE ST
IOWA CITY
IA
52240
010312011
DONALD L STALKFLEET
10 S DUBUDUE ST
$94,440
$213,650
$308,090
3105 DUBUDUE ST NE
IOWA CITY
IA
52240
010312012
DONALD L STALKFLEET
12 S DUBUDUE ST
$98,730
$175,980
$274,710
3105 DUBUDUE ST NE
IOWA CITY
IA
52240
i010312014
DONALD L STALKFLEET
14 S DUBUDUE ST
$85,850
$159,980
$245,830
3105 DUBUDUE ST NE
IOWA CITY
IA
52240
1010312015
FIRST NATIONAL BANK
204 WASHINGTON
ST
$594,360
$1,676,460
$2,270,820
PO BOX 1880
IOWA CITY
IA
52244
1010312016
FIRST NATIONAL BANK
214 WASHINGTON
ST
$179,990
$2,436,280
$2,616,270
PO BOX 1880
IOWA CITY
IA
52244
1010312017
LASANSKY CORP
216 WASHINGTON
ST
$100,300
$261,230
$361,530
216 WASHINGTON ST
IOWA CITY
IA
52240
1010312019
ROY YELDER
220 WASHINGTON
ST
$140,430
$272,510
$412,940
521 MELROSE CT
IOWA CITY
IA
52246
1010312020
FIRST NATIONAL BANK
230 WASHINGTON
ST
$582,600
$195,530
$778,130
PO BOX 1880
IOWA CITY
IA
52244
1010313002
RICHARD W PATTSCHULL
2 S LINN ST
$201,000
$351,770
$552,770
315 FAIRVIEW AVE
IOWA CITY
IA
52245
Page 4
LAND
BUILDING &
ASSESSED
IMPROVEMENT
PARCEL #
OWNER'S NAME & MAILING ADDRESS
PROPERTY
ADDRESS
VALUE
ASSESSED VALUE
TOTAL
1010376001
THE CITIZEN BUILDING LIMITED PAR
319
WASHINGTON
ST
$195,750
$232,300
$428,050
319 E WASHINGTON ST #111
IOWA CITY IA 52240
1010376002
ROBERT WALLACE FOX
108
S LINN ST
$387,600
$854,540
$1,242,140
PO BOX 5537
CORALVILLE IA 52241-5537
1010376003
M.S.D.H. ASSOCIATES
122
S LINN ST
$283,500
$882,990
$1,166,490
122 S LINN ST
IOWA CITY IA 52240
1010376004
MASONIC ASSOCIATION
312
COLLEGE ST
$44,250
$109,890
$154,140
312 COLLEGE ST
IOWA CITY IA 52240
1010377001
WALTER A DOBRIAN & LOUISE DOBRIA
229
WASHINGTON
ST
$251,600
$345,770
$597,370
316 DARTMOUTH ST
IOWA CITY IA 52245
1010377002
CAMAY ENTERPRISES COMPANY, LTD.
227
WASHINGTON
ST
$100,300
$271,210
$371,510
3725 FOREST GATE DR NE
IOWA CITY IA 52240
1010377003
CRAIG HAESEMEYER
223
WASHINGTON
ST
$185,560
$606,420
$791,980
223 ACCOUNT MANAGEMENT 218 E WAS
IOWA CITY I IA 52240
1010377004
CENTRAL STATES THEATRES CORP
217
WASHINGTON
ST
$315,950
$363,440
$679,390
414 INSURANCE EXC.BLDG 505 FIFTH
DES MOINES IA 50307
1010377005
HAWKEYE-BAY STATES L L C
207
WASHINGTON
ST
$589,060
$1,138,800
$1,727,860
9 WESTVIEW ACRES NE
IOWA CITY IA 52240.
1010377007
D K TRUST
114
S DUBUQUE
ST
$200,800
$263,480
$464,280
IOWA STATE BANK PO BOX 1700
IOWA CITY I IA 52244
1010377008
DEAN G OAKES & BARKER DEVELOPMEN
118
S DUBUQUE
ST
$225,000
$390,330
$615,330
PO. Box 1456
IOWA CITY IA 52244
1010377009
STEPHEN A MOSS
124
S DUBUQUE
ST
$150,000
$296,300
$446,300
6 KENRUTH CIR NE
IOWA CITY IA 52240
1010377010
LENOCH & CILEK
130
S DUBUQUE
ST -
$500,000
$727,710
$1,227,710
1558 MALL DR
IOWA CITY IA 52240
1010378001
UNIVERSITY OF IOWA FACILITIES CO
125
WASHINGTON ST
$451,800
$371,540
$823,340
PO BOX 4550
IOWA CITY ]A 52244-4550
Page 5
LAND
BUILDING &
ASSESSED
IMPROVEMENT
4RCEL #
OWNER'S NAME & MAILING
ADDRESS
PROPERTY ADDRESS
VALUE
ASSESSED VALUE
TOTAL
010378002
UNIVERSITY OF IOWA
FACILITIES CO
109
S DUBUQUE ST
$90,000
$0
$90,000
PO BOX 4550
IOWA CITY
IA
52244-4550
010378003
UNIVERSITY OF IOWA
FACILITIES CO
109
S DUBUQUE ST
$0
$65,620
$65,620
PO BOX 4550
IOWA CITY
IA
52244-4550
010378004
JOHN S KOZA
111
S DUBUQUE ST
$95,000
$160,310
$255,310
209 LEXINGTON AVE
IOWA CITY
IA
52246
010378005
JOHN S KOZA
115
S DUBUQUE ST
$95,000
$171,760
$266,760
209 LEXINGTON AVE
IOWA CITY
IA
52246
010378006
ALAN WIDISS
123
WASHINGTON ST
$118,000
$153,620
$271,620
316 KIMBALL RD
IOWA CITY
IA
52245
010378007
ALAN WIDISS
121
WASHINGTON ST
$118,000
$186,720
$304,720
316 KIMBALL RD
IOWA CITY
IA
52245
1010378008
ALAN WIDISS
119
WASHINGTON ST
$118,000
$169,210
$287,210
316 KIMBALL RD
IOWA CITY
IA
52245
1010378009
YOUNKERS
115
WASHINGTON ST
$247,300
$464,580
$711,880
750 LAKESHORE PKY
BIRMINGHAM
AL
35211
1010378010
IOWA STATE BANK &
TRUST CO
113
WASHINGTON ST
$118,250
$286,120
$404,370
YOUNKERS INC PO
BOX 20080
JACKSON
MS
39289
1010378011
YOUNKERS
Ill
WASHINGTON ST
$133,000
$374,170
$507,170
750 LAKESHORE PKY
BIRMINGHAM
AL
35211
1010378012
NUSSOYD BUILDING COMPANY L L P
WASHINGTON
ST
$3,080
$0
$3,080
508 RIVER ST
IOWA CITY
IA
52246
1010378013
NUSSOYD BUILDING COMPANY L L P
109
WASHINGTON ST
$80,000
$158,120
$238,120
508 RIVER ST
IOWA CITY
IA
52246
1010378014
IOWA STATE BANK &
TRUST CO
107
WASHINGTON ST
$72,000
$108,710
$180,710
102 S CLINTON ST
IOWA CITY
lA
52240
1010378015
IOWA STATE BANK &
TRUST CO
102
S CLINTON ST
$380,950
$996,750
$1,377,700
102 S CLINTON ST
IOWA CITY
IA
52240
Page 6
LAND
BUILDING &
ASSESSED
IMPROVEMENT
)ARCEL #
OWNER'S NAME & MAILING ADDRESS
PROPERTY
ADDRESS
VALUE
ASSESSED VALUE
TOTAL
1010378017
ENZLER'S
114
S CLINTON ST
$353,750
$513,470
$867,220
118 S CLINTON ST
IOWA CITY IA
52240
1010378018
MARK R PIEPER
124
S CLINTON ST
$65,000
$63,300
$128,300
1243 DEVON DR NE
IOWA CITY IA
52240
1010378019
EADIE F & MARK R WEAVER
138
S CLINTON ST
$250,000
$351,290
$601,290
604 PARK RD
IOWA CITY IA
52246
1010378020
TULA MARLAS & CHRIST MARLAS
150
S CLINTON ST
$164,400
$142,720
$307,120
425 RIVER ST
IOWA CITY IA
52246
1010378021
HENRY W LOUIS
110
COLLEGE ST
$102,000
$110,800
$212,800
506 COLLEGE ST
IOWA CITY IA
52240
1010378022
JOHN E SCHUPPERT ET AL
112
COLLEGE ST
$112,250
$160,330
$272,580
1641 MORNINGSIDE DR
IOWA CITY IA
52245
1010378023
JAMES MONDANARO
114
COLLEGE ST
$236,000
$379,710
$615,710
114 COLLEGE ST %FRESH FOODS CONC
IOWA CITY IA
52240
1010378024
120 BUILDING CO
118
COLLEGE ST
$236,000
$329,730
$565,730
Po BOX 2150
IOWA CITY IA
52244
1010378025
PLAZA CENTRE ASSOCIATES
125
S DUBUQUE ST
$790,200
$3,660,200
$4,450,400
125 S DUBUQUE ST PLAZA CENTRE SO
IOWA CITY I IA
52240
1010379001
OLD CAPITOL MALL ASSOCIATES L
P
201
S CLINTON ST
$3,661,600
$17,155,180
$20,816,780
437 GRANT ST SUITE 1600
PITTSBURGH PA
15219
1010380003
MIP IOWA CITY LLC
210
S DUBUQUE ST
$1,305,760
$12,056,500
$13,362,260
210 S DUBUQUE ST
IOWA CITY IA
52240
1010380004
COLLEGE BLOCK PARTNERS
127
COLLEGE ST
$241,900
$252,590
$494,490
%ED J ZASTROW 9 S MT VERNON DR
IOWA CITY IA
52245
1010380005
RUTH V SWISHER REVOCABLE TRUST
121
COLLEGE ST
$277,300
$440,080
$717,380
2701 WEST AVE
BURLINGTON IA
52601
1010380006
RUTH V SWISHER REVOCABLE TRUST
117- COLLEGE ST
$194,700
$224,450
$419,150
2701 WEST AVE
BURLINGTON , IA
52601
Page 7
LAND
BUILDING &
ASSESSED
IMPROVEMENT
4RCEL #
OWNER'S NAME & MAILING
ADDRESS
PROPERTY ADDRESS
VALUE
ASSESSED VALUE
TOTAL
)10380007
NANCY A FAUX-BURHANS
115
COLLEGE ST
$129,800
$193,390
$323,190
115 COLLEGE ST
IOWA CITY
IA
52240
)10380008
CLINTON STREET PARTNERS
111
1/2 COLLEGE ST
$230,100
$437,390
$667,490
111 E COLLEGE ST PLAZA
IOWA CITY
IA
52240
)10380009
ROBERT C STEWART
109
COLLEGE ST
$112,100
$173,110
$285,210
1025 SUMMITT HILLS LN
NAPERVILLE
IL
60563-2240
310380010
THE MOEN GROUP
103
COLLEGE ST
$313,600
$594,350
$907,950
123 N LINN ST SUITE 300
IOWA CITY
IA
52245
010380011
MICHAEL S, CHRISTINE M
& MARC B
210
S CLINTON ST
$63,000
$147,000
$210,000
C/O RENTALS BY IVETTE
PO BOX 576
IOWA CITY
I IA
52244
010380012
MICHAEL S, CHRISTINE M
& MARC B
212
S CLINTON ST
$172,550
$381,160
$553,710
C/O RENTALS BY IVETTE
PO BOX 576
IOWA CITY
I IA
52244
010380013
LELAND NOVOTNY & GENE
NOVOTNY
224
S CLINTON ST
$219,170
$331,010
$550,180
903 SOUTHLAWN DR
IOWA CITY
IA
52245
010380014
RICHARD M YOCK & M ANN
KARLBERG
228
S CLINTON ST
$93,170
$216,430
$309,600
5958 ALLERTON DR
ROCKFORD
IL
61114
1010380015
KEITH D & KIMBERLEE VILLHAUER
102
E BURLINGTON ST
$163,930
$62,450
$226,380
2630 PRINCETON RD
IOWA CITY
IA
52245
1010380018
VIVIAN MANN
120
E BURLINGTON ST
$168,150
$179,530
$347,680
1916 MAPLE CIRCLE
WEST DES MOINES
F IA
50265
1010380019
HAWKEYE STATE BANK
229
S DUBUQUE ST
$398,600
$1,005,930
$1,404,530
P.O. BOX 1697
IOWA CITY
IA
52244
1010381001
SOUTH LINN PARTNERS
307
COLLEGE ST
$398,250
$482,250
$880,500
414 MARKET ST
IOWA CITY
IA
52240
1010381002
LEFF, LEFF, HAUPERT &
TRAW BUILD
220
S LINN ST
$125,000
$333,080
$458,080
222 S LINN ST PO BOX
2447
IOWA CITY
IA
52244
1010381003
NANCY G KENNEDY
224
S LINN ST
$87,500
$82,080
$169,580
2 ASHWOOD DR
IOWA CITY
IA
52245
Page 8
'ARCEL #
OWNER'S NAME & MAILING
ADDRESS
PROPERTY ADDRESS
1010381004
MACHT, INC
304 E BURLINGTON ST
19-21 S DUBUQUE ST
IOWA CITY
!A
52240-3902
1010381005
JAMES A & LORETTA C CLARK
310 E BURLINGTON ST
414 E MARKET ST
IOWA CITY
IA
52240
1010436003
DENNIS VISSER
328 WASHINGTON ST
328 WASHINGTON ST
IOWA CITY
IA
52240
1010436004
JOE ROHWEDDER
330 WASHINGTON ST
720 3RD AVE
"
IOWA CITY
IA
52245
1010436005
DAVIS BUILDING
332 WASHINGTON ST
BRUCE R GLASGOW 834
H JOHNSON
IOWA CITY
I IA
52245
1010452001
SOUTHGATE DEVELOPMENT
COMPANY IN
325 WASHINGTON ST
P.O. BOX 1907
IOWA CITY
]A
52244-1907
1010459001
MAIN STREET PARTNERS
315 COLLEGE ST
414 E MARKET ST
IOWA CITY
IA
52245
1010459002
ZAVASH ZAREI & ZOHREH
A ASADZADE
322 E BURLINGTON ST
1746 BROWN DEER ROG
CORALVILLE
IA
52241
1010459004
JOHN & PAMELA S DANNEMAN
225 S GILBERT ST
313 S LOCUST ST
MONTICELLO
IA
52310
1010459005
GWG INVESTMENTS
340 E BURLINGTON ST
JUDY HOUGHTON 3370
KENRUTH CIR
IOWA CITY
IA
52240
ICOO000666
410 WASHINGTON STREET
DUBUQUE/COLLEGE
IOWA CITY
, IA
52240
XX58008002
LORA ALBERHASKY
14 S LINN ST
14 S LINN ST
IOWA CITY
]A
52240
XX58010005
LORA MARIE ALBERHASKY
S LINN ST
14 S LINN ST
IOWA CITY
IA
52240
XX59145000
MARNET PROPERTIES
%BENJAMIN
C
218 WASHINGTON ST
SUITE 201 218 E WASHINGTON
ST
IOWA CITY
I IA
52240
LAND
BUILDING &
ASSESSED
IMPROVEMENT
VALUE
ASSESSED VALUE TOTAL
$148,800
$194,310 $343,110
$283,200 $1,237,510 $1,520,710
$212,400 $402,950 $615,350
$99,120 $154,400 $253,520
$94,880 $408,830 $503,710
$371,000 $1,072,320 $1,443,320
$545,750 $4,304,430 $4,850,180
$94,400 $648,880 $743,280
$0 $173,170 $173,170
$156,800 $702,420 $859,220
$0 $0 $0
$115,000 $93,580 $208,580
$92,500
$135,410
$1,350 $93,850
$204,500 $339,910
Page 9
4RCEL # OWNER'S NAME & MAILING ADDRESS
rand Totals
ecords printed: 125
LAND BUILDING &
ASSESSED IMPROVEMENT
PROPERTY ADDRESS VALUE ASSESSED VALUE TOTAL
----------- ----------- — — --'----
$26,612,980 $75,159,350 $101,772,330
Page 10
Haaenaum j
Central Business District Urban Revitalization - Existing Zoning
ICWA CB 2
c�
n
VV,ASH I N GTON
J
CLVEG�
z
C
BURLINGTCN S
0
m
Addendum 4
CITY OF IOXA CITY
® VACANT _.
IOWA AVE 10l94 AVE
COMMERCIAL
Ilkvvvvvv (R=tG�!%Of`�ce: IVOn—Residential) � �- - -
® v vv
I vvvvv � � v vv
RESICEN iIAL
vvV vv vvvi V
vvv vvv vvv v
vvvv v vvvv` v
vvvvvv v , � v
;�F LI G'iJ.jG � � vvvv v
v v^vv v
vvvvvv vvvvv v W '
F
7771 PUBLIC
vvvvvv
vv vvv'
Cr
vvvv
v
v
COMMERCIAL & RESIDENTIAL
vvv
vv
v
vv
v
vvvvv v
v
iiy 01 10w0 cit,
J
v
E 1NASHINGTON ST
.. v ......
vvvv vvv
IKI
.� vvvvvv vv vvv" v" vvv v Vvv F vv v v v vv v
v vvvvv.iv vv vvvv vvvv vv vv � vvvv �'
vvv
v vvvvv vvv vvvvvvv vvvv vv v N. vv
vvvvvvvvvvvvvvvvvv �� Vvvv vvv vvv v vvvv
vvvv vvvvv vvv V1 - vvvv vv W vvv vvv v Z
vvvvvvvvvvvvvvvv vv vv � vvvv vv v N v vvvvvvvvvvvv Zvvvv vv Z _
vvvvvvvvvvvvvvvvv ' vv J vvvvvvvvvvvvv O_ vvv �
v-----vvvvvvvv v vvvvvv
vv F- �
vvv Vvv vv v ^vvv m vvv _
vvvvvvv Z vvvvv v v vvv � vvvv vv `^� vvvvv vv
vv�vv�. vvvv �vvv�vv vvvv v v vvv J 1
vvvvvvvv vv vv vvv vv U v vvvvvv J V V V V VV V V
v v vvvvvv vvvvv v � v v vvv � �/ L����
vvvvv
v""^'�"�"v^'�vvvvv E COLLEGE ST
e
J vvv vvv vvvv vvvvvv vvvvvv
�� VV VVVVV v V VVVVV'vVVVV V
��VVVVVV VV vvvvvv V,VVVVV V V V Vv V V V
!— V
U
V V V V
V V V
VVV`
�. — — .. ...
R l�i AM Imo _I__� � ®JF�LI�N® - -
__.
I I IF
Central Business District Urban Revitalization Area
Existing Land Uses
E WASHINGTON EST
0` Iowa City
CCLLEGE ST
E SURLINGTON ST