HomeMy WebLinkAbout2010-12-07 Public hearingCon~~KU~~
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NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL OF A
PROPOSED TOWNCREST URBAN RENEWAL PLAN FOR A
PROPOSED URBAN RENEWAL AREA IN THE CITY OF IOWA CITY,
IOWA
The City Council of the City of Iowa City, Iowa will hold a public hearing before
itself at its meeting which commences at 7:00 p.m. on November 16, 2010 in the Emma
J. Harvat Hall, Civic Center, Iowa City, Iowa to consider adoption of a proposed
Towncrest Urban Renewal Plan (the "Plan") concerning a proposed Urban Renewal
Area in Iowa City, Iowa generally described as 49.3 acres at or near the intersection of
1St Avenue and Muscatine Avenue in Iowa City, Iowa.
A copy of the plan is on file for public inspection in the office of the City Clerk,
City Hall, Iowa City, Iowa.
The City of Iowa City, Iowa, is the local agency which, if such Plan is approved,
shall undertake the urban renewal activities described in such Plan.
The general scope of the urban renewal activities under consideration in the Plan
is to assist qualified industries and businesses in the Urban Renewal Area through
various public purpose and special financing activities outlined in the Plan. To
accomplish the objectives of the Plan, and to encourage the further development of the
Urban Renewal Area, the plan provides that such special financing activities may
include, but not be limited to, the making of loans or grants of public funds to private
entities under Chapter 15A of the Code of Iowa. The City also may install, construct and
reconstruct streets, parking facilities, open space areas and other substantial public
improvement, and may acquire and make land available for development or
redevelopment by private enterprise as authorized by law. The Plan provides that the
City may issue bonds or use available funds for such purposes and that tax increment
reimbursement of such costs will be sought if and to the extent incurred by the City. The
Plan initially proposes specific public infrastructure or site improvement to be undertaken
by the City, but provided that the Plan may be amended from time to time to respond to
development opportunities.
Any person or organization desired to be heard shall be afforded an opportunity
to be heard at such hearing.
This notice is given by order of the City Council of Iowa City, Iowa, as provided
by Section 403.5 of the State Code of Iowa.
Dated this 2nd day of November, 2010.
s/Marian K. Karr
City Clerk, Iowa City, Iowa
(END OF NOTICE)