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HomeMy WebLinkAbout2005-01-18 Ordinance I01-18-05 7b Prepared by: Robed Mikio, PCD, 410 E. Washington Street, Iowa City, IA 52240; 319-356-5240 (REZ04-0005) ORDINANCE NO. AN ORDINANCE AMENDING THE ZONING ORDINANCE BY CHANGING THE ZONING DESIGNATION FROM MEDIUM DENSITY SINGLE-FAMILY RESIDENTIAL, RS-8, TO SENSITIVE AREAS OVERLAY/MEDIUM DENSITY SINGLE-FAMILY RESIDENTIAL, SAC/RS-8, ZONE AND A PRELIMINARY SENSITIVE AREAS DEVELOPMENT PLAN FOR OLDE TOWNE VILLAGE. WHEREAS, the owner, Plum Grove Acres, Inc. has requested rezoning of this property from RS-8 to SAC-8 to allow the development of a mixture of single-family homes, zero-lot line dwellings and townhouse style multi-family buildings on property containing a wetland; and WHEREAS, the Sensitive Areas Development Plan includes the removal of some Iow quality wetland areas to be mitigated in a larger reconstructed wetland; and WHEREAS, the Planning and Zoning Commission has reviewed the proposed rezoning and Sensitive Areas Development Plan and has found that it complies with the requirements of the Sensitive Areas Overlay Zone and the Conditional Zoning Agreement agreed to by the applicant and the City with the approval of the annexation and rezoning of this property in 2002 (ordinance number 02-4002); and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA: SECTION I. APPROVAL. The property described below is hereby reclassified from Single-Family Residential, RS-8, to Sensitive Areas Overlay/Medium Density Single-Family Residential, SAC/RS-8, and the associated Sensitive Areas Development Plan is hereby approved: Commencing at the Center of Section 7, Township 79 North, Range 5 West of the Fifth Principal Meridian, Johnson County, Iowa; Thence N86°46'11"W, along the centerline of Lower Branch Road SE, 1836.47 feet; Thence N01°19'52"E, 33.02 feet to a point an the northerly line of Lower West Branch Road SE and the Point of Beginning; Thence N86°46'1 I"W, along said northerly right-of-way line, 472.36 feet; Thence northwesterly, 220.86 feet along said northerly right-of-way line and an arc cfa 542.00 foot radius curve, concave northeasterly, whose 219.34 foot chord bears N75°05'45'~N to a point on the east line of Auditor's Parcel 97040 as recorded in Plat Book 37 at Page 347 in the records of the Johnson County Recorder; Thence N00°35'42"E, along said east line, 489.17 feet; Thence N89°24'18'~N, along the north line of said Auditor's Parcel 97040, a distance of 250.00 feet, to a point on the easterly right-of-way line of Scott Boulevard; Thence N00°35'42"E, along said easterly right-of-way line, 398.14 feet; Thence northwesterly, 80.15 feet along said eastedy right-of-way line and an arc of 1050.00 foot radius curve, concave southwesterly, whose 80.13 foot chord bears N01°35'32"W; Thence northeasterly, 137.43 feet along an arc of a 720.00 foot radius curve, concave northwesterly, whose 137.22 foot chord bears N81°49'30"E; Thence N76°21'24"E, 402.01 feet; Thence northeasterly, 203.93 feet, along an arc of a 780.00 foot radius curve, concave southeasterly, whose 203.35 foot chord bears N83°50'48"E; Thence S88°40'08"E, 225.47 to the Northwest corner of Lot 2 of Tegler Subdivision, as recorded in Plat Book 25 at Page 42, records of Johnson County, Iowa; Thence S01°19'52'~/V, along the westerly line of said Lot 2, a distance of 1184.21 feet to said Point of Beginning containing 21.00 acres and subject to easements and restrictions of record. SECTION II. ZONING MAP. The Building Inspector is hereby authorized and directed to change the zoning map of the City of Iowa City, Iowa, to conform to this amendment upon the final passage, approval and publication of this ordinance as provided by law. SECTION IV. CERTIFICATION AND RECORDING. Upon passage and approval of the Ordinance, the City Clerk is hereby authorized and directed to certify a copy of the ordinance and the Sensitive Areas Development Plan and to record the same at the office of the County Recorder of Johnson County, Iowa, at the owner's expense, all as provided by law. SECTION V. REPEALER. All ordinances and parts of ordinances in conflict with the provision of this ordinance are hereby repealed. SECTION VI. SEVERABILITY. If any section, provision or part of this 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 unconstitutional. SECTION VII. EFFECTIVE DATE. This ordinance shall be in effect after its final passage, approval and publication, as required by law. Passed and approved this day of ,20 MAYOR ATTEST: CITY CLERK Approved b.y Cit~ -A{to~n~'s Offi~.e -- ppdadmin/ord/plumgmve.doc STAFF REPORT To: Planning and Zoning Commission Prepared by: Robert Miklo Item: REZ04-00005/SUB04-00006 Date: December 16, 2004 Olde Towne Village GENERAL INFORMATION: Applicant: Plum Grove Acres, Inc. C/o Kristen Fry 920 S. Dubuque Street Iowa City, IA 52240 Contact Person: MMS Consultants, Inc. 1917 S. Gilbert Street Iowa City, IA 52240 Phone: 351-8282 Requested Action: Rezoning from RS-8 to SAO-8 and approval of preliminary plat. Purpose: To create a 10-lot commercial subdivision and a 39-1ot residential subdivision and a 62-unit Planned Development Housing Overlay. Location: South of Rochester Avenue, east of Scott Boulevard, north of Lower West Branch Road Size: 33.21 acres Existing Land Use and Zoning: Undeveloped, RS-8 and CC-2 Surrounding Land Use and Zoning: North: Agricultural, ID-RS and County RS South: RS-5; residential East: Residential and Agricultural, County RS West: Residential, RS-5 and OPDH/RS-12 Comprehensive Plan: Commercial, residential and open space File Date: November 9, 2004 (Complete application not yet submitted) 45-day Limitation Period Not applicable until complete application submitted BACKGROUND INFORMATION: This property was annexed into the City in 2001. At that time it was zoned Community Commercial (CC-2) and Medium Density Single-family Residential (RS-8) with a Conditional Zoning Agreement that provide specific requirements to guide the development of the property. Approximately 10 acres is zoned CC-2 and the remaining 21 acres is zoned RS-8. The RS-8 portion of the property currently has approximately 3.92 acres of regulated wetlands and two sewage lagoons that were used for the Iowa City Care Facility. The conditions contained in the Conditional Zoning Agreement are: a. Applicant agrees that preliminary and final plats and site plans for the eventual development of this property will demonstrate compliance with the neighborhood design policies contained within the Comprehensive Plan, including the Northeast District Plan, and that the City will take these policies into consideration during its review of said plats and plans. b. Applicant agrees that the CC-2 property shall develop in general conformance with the concept plan attached hereto and incorporated herein. Any subdivision or site plan shall generally conform to this concept plan and shall be designed to create a Main Street or Town Square style commercial center. The commercial center shall be designed with a pedestrian orientation incorporating such features as on-street parking, parking lots behind buildings, minimal or no building setback from sidewalks and upper floor residential uses. c. Applicant agrees that prior to the development of the RS-8 property, the applicant or future property owner shall submit and obtain approval of a Planned Development Housing Overlay (OPDH), which will adhere to the neighborhood design policies of the Comprehensive Plan, including the Northeast District Plan. d. Prior to any plats or development being approved on the property with frontage on Lower West Branch Road or within 500 feet of Lower West Branch Road, the reconstruction of Lower West Branch Road must be in a funded year in Iowa City's Capital Improvements program. Additionally, prior to any plats or development being approved for the property with frontage on Lower West Branch Road or within 500 feet of Lower West Branch Road, the Applicant must contribute funds toward the reconstruction of Lower West Branch Road to the City. The Applicant agrees that the amount of funds to be contributed by Applicant to City toward the reconstruction of Lower West Branch Road is $86,652. e. Applicant agrees to dedicate to City 45 feet of right-of-way south of the centerline of Rochester Avenue along Rochester Avenue. f. Applicant agrees to dedicate to City 33 feet of right-of-way south of the centerline of Lower West Branch Road along Lower West Branch Road. g. Applicant agrees to install curb and gutter and an S-foot wide sidewalk on the south side of Rochester Avenue in conjunction with the development of the CC-2 property. Applicant agrees that it shall bear all expense for these improvements and said improvements shall be constructed in accordance with the City's specifications. h. Applicant agrees to provide an easement for a sewer main to serve the Iowa City Care Facility property. The applicant is now requesting approval of the preliminary plat for the commercial portion of the property and a preliminary plat and OPDH plan for the residential portion of the property. The property also contains a jurisdictional wetland and is subject to the requirements of the Sensitive Areas Ordinance. ANALYSIS: The primary purpose of this application is to review the design of the development to ensure conformance with the Conditional Zoning Agreement (CZA) and the Comprehensive Plan neighborhood design concepts, as discussed below. The plan's conformance with the requirements of the Zoning Chapter and other Subdivision Regulations must also be evaluated. Comprehensive Plan: The Comprehensive Plan including the Northeast District Plan contains a number of neighborhood planning principles that apply to this case as detailed below. Preserve natural features: The Northeast District Plan recommends that natural features be preserved. The applicant has provided an analysis of the existing wetlands located on this property and has proposed a plan for the removal and remediation of the sewage lagoons, mitigation of previously filled wetlands and enhancement of existing wetlands. The plan creates a cascading series of shallow wet-bottom basins that will provide for the treatment of storm water runoff, allow for removal of the sewage lagoons, improve the state of the existing wetland, and create a diverse habitat. This will result in a 6-acre wetland conservation easement and storm water management area that will be the focal point of the neigl3borhood. As recommended by the Northeast District Plan, the public streets adjacent to this open space will be single-loaded (development on only one side) to protect the wetland and provide views of the enhanced natural feature. Staff believes that this plan conforms with the policies of the Comprehensive Plan and the Sensitive Area Ordinance requirements for wetlands. Encoura.qe a reasonable level of housinq diversity: The proposed plan provides for three housing types; multi-family townhouses-style buildings, attached zero-lot line dwellings and detached single-family lots. The Comprehensive Plan also discusses the importance of design when smaller lots and multifamily buildings are proposed. Where townhouses, zero-lot line and small lots are used, vehicular access should be from a rear alley or designed in such a way to minimize paving in the front yard and to emphasize the residential aspects of the buildings. This allows dwellings located on narrower lots to be incorporated into the neighborhood in a manner that does not diminish the residential character of the neighborhood. Sufficient variety in the fa(;ade design should also be provided to ensure the streetscape does not become monotonous. Lots 1-4 contain 27 townhouse-style multi-family units. The proposed townhouses face onto Scott Boulevard and Olde Towne Road and have garages that will have access from private alleys. The OPDH regulations require that elevation drawings be submitted if multi-family buildings are to be approved in an RS-8 zone. These should be submitted prior to the Commission's vote on this application. The architectural design of the townhouses should be sufficiently varied to prevent the appearance of a monotonous streetscape. The proposed zero-lot line dwellings are located on Westbury Court and Glastonbury Street. The OPDH plan illustrates that the buildings will be placed on the lots so that the garage is set back from the facade of the dwellings or at a minimum flush with a porch located at the front of the dwellings. Notes on the plan provide other details regarding the design of the zero-lot line dwellings. In staff's view the placement the zero-lot dwellings will conform to the policies of the Comprehensive Plan. Single family lots are proposed on Thornbury Avenue on the eastern portion of the property and along Lower West Branch Road on the south. In staff's opinion the location and size of these lots provides a good transition to the existing single family development in the area and the mix of housing types conforms with the Northeast District's Plan recommendation for reasonable housing diversity. Build streets that enhance neiqhborhood quality: Features that are recommended in the Northeast District Plan that have been included in the design of Olde Town Village are: use of a modified grid pattern, narrower streets where appropriate and single-loaded streets that provide for scenic vistas to the wetland conservation area. An 8-foot wide sidewalk is shown along the east side of Westbury Drive to provide pedestrian access from adjacent neighborhoods to the commercial area. Overall, staff feels that the proposal complies with this Comprehensive Plan principle. Variations from Zoning and Subdivision Requirements: As part of the approval of this OPDH plan the applicant is seeking modification of the zoning requirements to allow the proposed multi-family townhouse-style buildings on lots 1-4. As noted elevations drawing must be submitted for these buildings. Provided that the buildings have a variety of facades, staff believes that these modifications of the RS-8 zone will be in conformance with the Comprehensive Plan and the intent of the OPDH regulations. The plan also proposes a reduction of street width from 28 feet to 26 feet for Glastonbury Street, Westbury Court and Thombury Avenue. Both Thornbury and Westbury Court will be short non- through streets. Glastonbury Street will have lots only on the north side. For these reasons Staff believes the narrower street are appropriate in these locations. Sensitive Areas: This property contains a jurisdictional wetland. Much of the wetland is currently of Iow quality. It has been previously disturbed by farming, filling and the installation of sanitary sewage lagoons that serve the Iowa City Care Facility (the Care Facility will be connected to the City's sanitary sewer treatment system). As part of this development the applicant proposes to impact 1.76 acres of wetlands. The applicant proposed to mitigate for this disturbance by reconstructing and enhancing other areas of the existing wetlands. The sewage lagoons will be removed and the area graded and planted to serve as part of the wetland complex. Based on staff's review of the Wetlands Mitigation Plan, we believe that although some Iow quality wetlands will be further disturbed, the resulting wetlands will be larger and of a better quality. The Army Corp of Engineers will need to approve the applicant's plan. Excerpts from the Wetlands Mitigation Plan are attached. Commercial Subdivision: The Conditional Zoning Agreement requires that the commercial zone be in general conformance with the concept plan that was approved when this area was rezoned in 2001. The Northeast District Plan recommends that this neighborhood commercial center be developed in a main street or town square design that ensures its compatibility with the surrounding neighborhood. This includes incorporating features such as on-street parking and locating parking lots behind buildings. The proposed layout of the streets in the commercial zone conforms with these requirements of the CZA. At the time of building permit approval for the individual lots, the site plans will also need to show conformance with the CZA. Open Space: The subdivision and OPDH regulations require the dedication of ½ an acre of neighborhood open space or fees in lieu of dedication for this development. Because Outlot A, the wetland conservation easement, is the storm water facility for this subdivision and because it will require a high level of maintenance, it is unlikely that the Parks and Recreation Commission will wish to have it dedicated as public space. The Parks and Recreation Commission will review this development at their next meeting. If they choose not to accept the storm water easement and wetland conservation easement, fees in lieu of dedication should be addressed in the legal papers for the final plat. Development fees: A water main extension fee of $395 per acre will be required for this development. The sanitary sewer fee is $1263 per acre. As required by the CZA the applicant will contribute $86,652 towards the improvement of Lower West Branch Road, which will provide vehicular access to the southern portion of this development. (The reconstruction of Lower West Branch Road is in the year 2009 of the Capital Improvement Plan.) These fees should be addressed in the legal papers for the final plat. STAFF RECOMMENDATION Upon resolution of the deficiencies noted below, staff recommends that REZ04-00005 and SUB04-0006 an application submitted by Plum Grove Acres, Inc. for a rezoning from Medium Density Single- Family Residential (RS-8) zone to Sensitive Areas Overlay (SAO/RS-8) zone and a preliminary Planned Development Housing Plan and a preliminary plat of Olde Towne Village, a 33.21-acre, residential and commercial subdivision that will allow 10 commercial lots and 62 dwelling units on 32 lots for property located south of Rochester Avenue, east of Scott Boulevard, and north of Lower West Branch Road be approved. DEFICIENCIES AND DISCREPANCIES: 1. Sketches that illustrate the design of multi-family buildings need to be submitted. 2. Staff received a revised plan on December 8th - the City Engineer is reviewing the plan and may identify additional technical items that will need to be corrected. ATTACHMENTS: 1. Location map 2. Preliminary Plat and SAO Plan 3. Excerpts from Wetland Mitigation Plan Approved by: ~'.. ' .~,¢-~ Karin Franklin, Director, Department of Planning and Community Development Preliminary Plat and Preliminary O.P.D.H.-8 Plan md,~ Towne Village ',', Iowa City, Iowa '"... ,: ,.~' " -..7'":::::~.. I- O FONT ELEVATION O~I~E ELEVATION O ~II~E ELEVATION ELEVATION WETLAND MITIGATION PLAN OLDE TOWNE VILLAGE SUBDIVISION IOWA CITY, JOHNSON COUNTY, IOWA EXECUTIVE SUMMARY MMS Consultants, Inc. contracted by Plum Grove, Inc., delineated the palustrine; flat; emergent; persistent and non-persistent wetlands along two drainage ways in the Olde Towne Village Subdivision in the northwest quarter of Section 7, Township 79 North, Range 5 West in Iowa City, Johnson County, Iowa. The attached site map in Figure 1 shows the location of the property. A total of 3.92 acres of wetland were delineated and 0.30 acre of filled wetland identified by Judy Krieg and Gall Clingerman on July 5th, 2000. The objective of the current project is to create a commercial and multi-family residential subdivision in the northeastern part of Iowa City, Johnson County, Iowa. This project involves creation of lots, removal and remediation of two currently functional sewage lagoons, construction of three public streets, and two private streets. Proposed development activities will impact 1.76 acres of wetland. However, an additional 0.30 acre of wetland, fzom a previous inadvertent impact is included in the total wetland impacts. Total wetland impacts are 2.06 acres which will be.offset by a 5.63 acre proposed wetland mitigation complex. PURPOSE The purpose of this mitigation project is to replace the functions and values of the wetlands lost through the proposed permanent filling of 2.06 acres of wetlands. The impacted wetlands have groundwater recharge, sediment and nutrient retention, flood flow retention and alteration, and wildlife habitat functions. Each of these functions will be created or enhanced within the 5.63 acre proposed wetland mitigation area. MITIGATION SUMMARY The proposed mitigation plan includes the sensitive design and construction of a series of cascading basins. These basins will be positioned both within the existing wetland area and the area containing two functioning sewage lagoons. Initial storm water from the surrounding development will flow into the most northern, primary basins and then drain into secondary and tertiary basins. The entire 5.63 acre site will be considered the mitigation area, with only a portion of the area providing initial storm water storage and treatment. The wetland areas of the site will be seeded with emergent wetland and wetland seed mixtures, the bermed areas will be planted with a tree and shrub combination and the perimeter of the site will be seeded with an upland buffer seed mixture. PROPOSED GRADING PLAN AND CONSTRUCTION METHODS Overall site activity will include placement and compaction of fill material within the boundaries of this property. Permanent impacts to Waters of the United States will be caused by the filling of 2.06 acres of drainage way wetland through the proposed development activities. Mitigation activities will include the construction of basins and small berms within the site that mitigation will help to control and detain the hydrologic site components. Approximately 15,000 cubic yards of native soils will be deposited within the delineated wetland boundaries. Six basins will be constructed within the area designated as the mitigation site (Figure 2). Basins A and B will be the only basins to directly collect storm water runoff from the adjacent developments. Basins C and D will be the secondary basins into which treated storm water will flow. Finally, basins E and F are the tertiary basins that will release to the outlet stream. This design not only uses the existing hydrology but accounts for future hydrologic changes as development proceeds. In addition, it provides an innovative way to treat storm water in a topographically challenging property, make use of the existing sewage lagoon berms, provide on-site mitigation and protect the outlet stream from further degradation. Since the design proposes to construct wetland basins, measures will be taken to protect and minimize the amount of impact to the outlet stream. Erosion control measures, such as silt fence and erosion control matting will be employed where necessary. PROPOSED VEGETATION PLAN Proposed Seeding Plan The entirety of the disturbed bank and small catch basin areas will be seeded immediately after final grading with a temporary stabilization mix consisting of Virginia wild rye (Elymus virginicus) Canada wild rye (Elyrnus canadensis) and agricultural oats. Silt fence, erosion control blankets and temporary seeding will be used to minimize erosion into the outlet stream and the newly constructed adjacent wetlands until the areas are stabilized with vegetation. An emergent wetland seeding mixture will be planted in the bottom of the basins, as depicted on the mitigation plan (Figure 3). A secondary wetland seed mix will be planted in the areas outside of the emergent zone. Wetland tree and shrub species will be planted along the berms of the basins, as identified in Figure 3. The buffer area surrounding the basins will also be seeded with an upland native seed mix. Wetland seeding will consist of the following: EMERGENT WETLAND The lowest portions of the wetland basins will be seeded with the following wetland species. The existing top 12-18" of soil will be removed from the wetland site and the basins, to aid in the removal of the reed and other invasive This will also species. provide canary grass an opportunity for newly seeded species to become established. Return to: Preparer R. Mark Cory 100 Court Avenue, Suite 600 Des Moines (515) 243-7611 Information Individual's Name Street Address City Phone ORDINANCE NO. 05-4150 AN ORDINANCE AMENDING ORDINANCE NO. 99-3879, PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE AMENDED NORTHGATE CORPORATE PARK URBAN RENEWAL AREA OF THE CITY OF IOWA CITY, COUNTY OF JOHNSON, STATE OF IOWA, BY AND FOR THE BENEFIT OF THE STATE OF IOWA, CITY OF IOWA CITY, COUNTY OF JOHNSON, IOWA CITY COMMUNITY SCHOOL DISTRICT, AND OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL FUND FOR PAYMENT OF PRINCIPAL AND INTEREST ON LOANS, MONIES ADVANCED TO AND INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH THE AMENDED NORTHGATE CORPORATE PARK URBAN RENEWAL REDEVELOPMENT PROJECT WHEREAS, the City Council of the City of Iowa City, Iowa has heretofore, in Ordinance No. 99-3879, provided for the division of taxes within the Northgate Corporate Park Urban Renewal Project Area, pursuant to Section 403.19 of the Code of Iowa; and WHEREAS, additional territory now has been added to the Northgate Corporate Park Urban Renewal Project Area; and WHEREAS, indebtedness has been incurred by the City, and additional indebtedness is anticipated to be incurred in the future, to finance urban renewal project activities within the amended Northgate Corporate Park Urban Renewal Project Area, and the continuing needs of redevelopment within the amended Northgate Corporate Park Urban Renewal Project Area are such as to require the continued application of the incremental tax resources of the amended Northgate Corporate Park Urban Renewal Project Area; and -1- WHEREAS, the following enactment is necessary to accomplish the objectives described in the premises. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, THAT: Ordinance Number 99-3879 is hereby amended to read as follows: Section 1: For purposes of this Ordinance, the following terms shall have the following meanings: (a) Original Project Area shall mean that portion of the City of Iowa City, Iowa described in the Urban Renewal Plan for the Northgate Corporate Park Urban Renewal Area approved by Resolution No. 99-111 on April 6, 1999, which Original Project Area includes the lots and parcels located within the area legally described as follows: Lots 1-20 Highlander Development, First Addition, Iowa City, Iowa. (b) Amendment No. 1 Area shall mean that portion of the City of Iowa City, Iowa described in Amendment No. 1 to the Urban Renewal Plan for the Northgate Corporate Park Urban Renewal Area approved by Resolution No. 05-11 on January 4, 2005, which Amendment No. 1 Area includes the lots and parcels located within the area legally described as follows: Weiler Parcel Auditor's parcel B as described on plat of survey recorded in Book 34, Page 191, Plat Records of Johnson County, Iowa, being a portion of the northeast quarter of the southwest quarter of Section 36, Township 80 North, Range 6 West of the 5th P.M.; subject to easements and restrictions of record. Jones\Southgate Development Company Parcel That portion of the northwest quarter of the southeast quarter of Section 36, Township 80 North, Range 6 West of the 5th P.M., excepting therefrom that portion platted as Highlander Development First Addition, Iowa City, Iowa, according to the plat thereof recorded in Plat Book 25, Page 52, Plat -2- Records of Johnson County, Iowa, subject to easements and restrictions of record. (c) Amended Project Area shall mean that portion of the City of Iowa City, Iowa included within the Original Project Area and the Amendment No. 1 Area, which Amended Project Area includes the lots and parcels located within the area legally described as follows: ORIGINAL AREA Lots 1-20 Highlander Development, First Addition, Iowa City, Iowa. AMENDMENT NO. 1 AREA Weiler Parcel Auditor's parcel B as described on plat of survey recorded in Book 34, Page 191, Plat Records of Johnson County, Iowa, being a portion of the northeast quarter of the southwest quarter of Section 36, Township 80 North, Range 6 West of the 5th P.M.; subject to easements and restrictions of record. Jones\Southgate Development Company Parcel That portion of the northwest quarter of the southeast quarter of Section 36, Township 80 North, Range 6 West of the 5th P.M., excepting therefrom that portion platted as Highlander Development First Addition, Iowa City, Iowa, according to the plat thereof recorded in Plat Book 25, Page 52, Plat Records of Johnson County, Iowa, subject to easements and restrictions of record. Section 2: The taxes levied on the taxable property in the Amended Project Area, legally described in Section I hereof, by and for the benefit of the State of Iowa, City of Iowa City, County of Johnson, Iowa City Community School District, and all other taxing districts from and after the effective date of this Ordinance shall be divided as hereinafter in this Ordinance provided. -3- Section 3: As to the Original Project Area, that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts taxing property in the Original Project Area upon the total sum of the assessed value of the taxable property in the Original Project Area as shown on the assessment roll as of January 1, 1998, being the first day of the calendar year preceding the effective date of Ordinance No. 99-3879, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all other property taxes are paid. The taxes so determined shall be referred herein as the "base period taxes" for such area. As to Amendment No. 1 Area, base period taxes shall be computed in the same manner using the total assessed value shown on the assessment roll as of January 1, 2004, being the assessment roll applicable to property in such area as of January 1 of the calendar year preceding the effective date of this Ordinance. Section 4: That portion of the taxes each year in excess of the base period taxes for the Amended Project Area, determined for each sub-area thereof as provided in Section 3 of this Ordinance, shall be allocated to and when collected be paid into the special tax increment fund previously established by the City of Iowa City to pay the principal of and interest on loans, monies advanced to, or indebtedness, whether funded, refunded, assumed or otherwise, including bonds issued under authority of Section 403.9 or Section 403.12 of the Code of Iowa, incurred by the City of Iowa City, Iowa to finance or refinance, in whole or in part, urban renewal projects undertaken within the Amended Project Area pursuant to the Urban Renewal Plan, as amended, except that taxes for the regular and voter-approved physical plant and equipment levy of a school district imposed pursuant to Section 298.2, but only to the extent authorized in Section 403.19(2), and taxes for payment of bonds and interest of each taxing district shall be collected against all taxable property within the Amended Project Area without any limitation as hereinabove provided. Section 5: Unless or until the total assessed valuation of the taxable property in the areas of the Amended Project Area exceeds the total assessed value of the taxable property in said areas shown by the assessment rolls referred to in Section 3 of this Ordinance, all of the taxes levied and collected upon the taxable property in the Amended Project Area shall be paid into the funds for the respective taxing districts as taxes by or for the taxing districts in the same manner as all other property taxes. Section 6: At such time as the loans, monies advanced, bonds and interest thereon and indebtedness of the City of Iowa City referred to in Section 4 hereof have been paid, all monies thereafter received from taxes upon the taxable property in the Amended -4- Project Area shall be paid into the funds for the respective taxing districts in the same manner as taxes on all other property. Section 7: All ordinances or parts of ordinances in conflict with the provisions of this Ordinance are hereby repealed. The provisions of this Ordinance are intended and shall be construed so as to continue the division of taxes from property within the Original Project Area under the provisions of Section 403.19 of the Code of Iowa, as authorized in Ordinance No. 99-3879, and to fully implement the provisions of Section 403.19 of the Code of Iowa with respect to the division of taxes from property within the Amendment No. 1 Area as described above. In the event that any provision of this Ordinance shall be determined to be contrary to law it shall not affect other provisions or application of this Ordinance which shall at all times be construed to fully invoke the provisions of Section 403.19 of the Code of Iowa with reference to the Amended Project Area and the territory contained therein. Section 8: This Ordinance shall be in effect after its final passage, approval and publication as provided by law. -5- PASSED AND APPROVED this 18th day of danuary , 2005. ATTEST: City"~Slerk Read first time: 1/4/05 AYES: Elliott, Lehman, O'Donnell, Vanderhoef, Wilburn, Bailey, Champion. NAYS: None. ABSENT: None. Read second time: Wa i ved Read third time: 1/18/05 AYES: Bailey, Champion, Elliott, Lehman, O'Donnell, Vanderhoef, Wilburn. NAYS: None. ABSENT: None. PASSED AND APPROVED: ,lanuary PUBLISHED: January 26, 2005 DLILLEBO~34276\l \10714.085 Moved by Vanderoef, seconded by Bailey, that the rule requiring ordinances to be considered and voted on for passage at two Council meetings prior to the meeting at which it is to be finally passed be suspended, the second consideration and vote be waived and the ordinance be voted upon for final passage at this time. AYES:Wilburn, Bailey, Champion, Elliott, Lehman, O'Donnell, Vanderhoef. NAYS: None. ABSENT: None. -6-