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HomeMy WebLinkAbout2011-01-13 CorrespondenceHandout 1/13 work session City Manager Markus DRAFT ECONOMIC DEVELOPMENT POLICIES It shall be the policy of Iowa City to maintain an economic development plan. The purpose of the plan is to attract new development including residential, commercial and industrial uses. Further, the purpose of the plan is to retain the city's existing business operations and to encourage them to expand and foster spin-off business operations. The city's plan also supports organizations which help to incubate, grow, foster, and create new business operations by providing non-traditional collaborative environments. The expected results of the economic development plan are: increased economic activity, more jobs, lower unemployment, higher wages, greater property values, more tax revenues, more ownership and entrepreneurial opportunities and revitalization of underutilized or blighted areas. The city will consider incentive programs including city, state and federal economic development funds, tax increment financing, public private partnerships and other tools in order to achieve the expected results. Various evaluative tools including financial pro forma's, written evaluation reports, established benefit metrics, and other performance tools shall be used to monitor the use of economic incentives from the early stages of project development thru the issuance of an incentive and post incentive to make sure the objectives are met. Developers' who receive incentives will be expected to enter into development agreements which delineate the terms, conditions, understandings and the expected results of receiving an incentive. It will be the policy of the City of Iowa City to endeavor to attract, recruit, retain, foster and develop new development through the use of incentives which is new to our region (Metropolitan statistical area MSA). The city will not actively recruit business from other jurisdictions within our MSA. Should business from jurisdictions within our MSA wish to relocate to the City of Iowa City we will notify our neighboring jurisdiction of the interest. It will be the general practice of the City of Iowa City to not provide economic incentives to business wishing to relocate from another jurisdiction within our MSA. When incentive programs are utilized they will be used to maximize the benefits to the City of Iowa City. The dollar amount of the incentive and time duration of the incentive shall be smallest amount necessary to achieve the maximum amount of city benefit as determined by the City of Iowa City, City Council. Despite the need for the program to be flexible and nimble in order to respond to the ever changing economic conditions of the marketplace it will be the policy of the city to insure that the process of using incentives is an open and transparent public process which instills confidence in the publics understanding of how economic development incentives are utilized. '/~ ~ ~~!~~ ~~~~~~~ r `~.®„~„~ CITY OF IOWA CITY -~~~ '~~ ~~ ~Y l RAN ~u ~ ~~o Date: January 12, 2011 To: Rick Fosse, Public Works Director From: Brian Boelk, Stormwater Manager Re: Stormwater Utility Fees To help illustrate the impact of the proposed increase in stormwater utility fees we have calculated the rate for an average property in each of the following categories. These examples represent an increase for each of the next four years. Residential: • Single family property -Increase of 50 cents per month in base rate o Past and current - $2.00/month o FY2012 - $2.50/month o FY2013 - $3.00/month o FY2014 - $3.50/month o FY2015 - $4.00/month • Multi-family properties -Increase of 25 cents per month in base rate o Past and current - $1.00/month per unit o FY2012 - $1.25/month per unit o FY2013 - $1.50/month per unit o FY2014 - $1.75/month per unit o FY2015 - $2.00/month per unit Non-Residential: Increase of 50 cents in the base rate and 25 cents per Equivalent Residential Unit (ERU) per month. An ERU equals 3,129 square feet of impervious area. • Average Commercial (35,764 SF) o Past and current - $10.57/month o FY2012 - $13.93/month o FY2013 - $17.29/month o FY2014 - $20.64/month o FY2015 - $24.00/month • Average Industrial (639,121 SF) o Past and current - $155.19/month o FY2012 - $206.76/month o FY2013 - $258.32/month o FY2014 - $309.89/month o FY2015 - $361.45/month Average Governmental (174,696 SF) o Past and current - $43.87/month o FY2012 - $58.33/month o FY2013 - $72.79/month o FY2014 - $87.25/month o FY2015 - $101.70/month Average Non-profit (188,823 SF) o Past and current - $47.26/month o FY2012 - $62.85/month o FY2013 - $78.43/month o FY2014 - $94.02/month o FY2015 - $109.61/month The following are some examples of current stormwater utility rates in other Iowa communities comparable in size or location. • Ames o Flat fee for all properties - $3.00/month ^ Council has recently approved a change to an ERU-based rate structure plus a 15% rate increase. • Ankeny o Single family property - $4.00/ERU per month o Multi-family property - $4.00/ERU per month o Non-residential - $3.00/ERU per month • Coralville o Single family property - $2.00/month o Multi-family property - $2.00/month per unit o Non-residential - $2.00 + $0.75/ERU per month • Dubuque o Single family property - $5.25/month o Multi-family property - $2.20/month per unit o Non-residential - $5.25/ERU per month • Marion o Single family property - $3.50/month ^ Proposed change - $4.50/month o Non-residential - $3.50/month ^ Proposed change - $1.00 + $3.00/ERU per month Iowa Ci Existin FY12 FY13 FY14 FY15 Single family $2.00 $2.50 $3.00 $3.50 $4.00 Multi-family $1.00 $1.25 $1.50 $1.75 $2.00 Non- $2.00 + $2.50 + $3.00 + $3.50 + $4.00 + residential $0.75/ERU $1.00/ERU $1.25/ERU $1.50/ERU $1.75/ERU Cc: Ron Knoche, City Engineer ,~f~ ~ January 7, 2011 Iowa City Council, /~~ .,~`~~ ~~ As you develop the city budget for next year, we the homeowners in the Windsor West Neighborhood on the east side of Iowa City, would like to remind you of our request to install a sidewalk from Buckingham Lane (the entrance of our neighborhood) to Scott Blvd as soon as possible to prevent an injury or fatality. This is a major safety issue since American Legion Road does not have any sidewalks or shoulder. We continue to encounter many near misses as walkers, runners, cyclists, and cars all try to use American legion Road. We cannot afford to wait any longer due to safety concerns. We have contacted city staff to investigate the issue. Ron Knoche (City Engineer) has been helpful in gathering information for this project. We would like to thank you in advance for your attention to this very important issue. We understand that funding for such projects is limited but this project is a major safety issue thus we request that you approve funding for this project as you set the budget. All of the neighbors in Windsor West support this initiative. The contact person for the Windsor West Neighborhood on this issue is John Schmitz, 4249 Kilburnie Ct. (Home 337-5412, Work 356-1502}. Thank you, ~ ~':c ~ J hn Schmitz 0 ~ 2 Z :`' ~ a..~ ~~ w~ o a ? ~ --~ C.i