HomeMy Public PortalAboutResolution 2021-07, A Resolution Determining the Necessity and Setting Dates of a Consultation and a Public Hearing on a Proposed Fenno Drive Urban Renewal Plan for a Proposed Urban Reneal Area in the City of Riverdale, State of IowaRESOLUTION 2021-07
RESOLUTION DETERMINING THE NECESSITY AND SETTING DATES OF A CONSULTATION AND
A PUBLIC HEARING ON A PROPOSED FENNO DRIVE URBAN RENEWAL PLAN FOR A
PROPOSED URBAN RENEWAL AREA IN THE CITY OF RIVERDALE, STATE OF IOWA
WHEREAS, it is hereby found and determined that one or more economic
development and blighted areas, as defined in Chapter 403, Code of Iowa,
exist within the City and the rehabilitation, conservation, redevelopment,
development, or combination thereof, of the area is necessary in the interest of
the public health, safety, or welfare of the residents of the City; and
WHEREAS, this Council has reasonable cause to believe that the area described
below satisfies the eligibility criteria for designation as an urban renewal area
under Iowa law and has caused there to be prepared a proposed Fenno Drive
Urban Renewal Plan ("Plan" or "Urban Renewal Plan") for the Fenno Drive Urban
Renewal Area ("Area" or "Urban Renewal Area"), which proposed Plan is attached
hereto as Exhibit 1; and
WHEREAS, this proposed Urban Renewal Area includes and consists of:
Part of the Northeast Quarter of the Northeast Quarter, part of the Southeast
Quarter of the Northeast Quarter, and part of the Northeast and Southeast
Quarter of Section 23, Township 78 North, Range 4 East of the Fifth Principal
Meridian, City of Riverdale, Scott County, Iowa, more particularly described as
follows:
Beginning at the Northwesterly corner of Parcel Number 84232330211; thence
southeasterly along the Northerly line of said Parcel Number 84232330211 to the
Northwesterly corner of Parcel Number 8423230151; thence Southeasterly along
the Northerly line of said Parcel Number 8423230151 to the Northwesterly corner
of Parcel Number 8423230141; thence Southeasterly along the Northerly line of
said Parcel Number 8423230141 to the Northeasterly corner of said Parcel
Number 8423230141; thence Southerly along the Easterly line of said Parcel
Number 8423230141 to the Northerly line of Parcel Number 842323007; thence
Northeasterly along the Northerly line of said Parcel Number 842323007 to the
Northeasterly corner of said Parcel Number 842323007; thence Southwesterly
along the Easterly line of said Parcel Number 842323007 to the Southeasterly
corner of said Parcel Number 842323007; thence Westerly along the Southerly
line of said Parcel Number 842323007 to the North end of the Easterly right of
way line of Fenno Drive; thence Southerly along the Easterly right of way line of
Fenno Drive to the Northerly right of way line of Fenno Road; thence
Southeasterly along the Northerly right of way line of Fenno Road to the Westerly
right of way line of Valley Drive; thence Southwesterly along the Westerly right of
way line of Valley Drive to the Northeasterly corner of Parcel Number 842326104-
2; thence Southwesterly along the Easterly line of said Parcel Number 842326104-
2 to the Southeasterly corner of said Parcel Number 842326104-2; thence
Northwesterly along the Southerly line of said Parcel Number 842326104-2 to the
Southwesterly corner of said Parcel Number 842326104-2; thence Northeasterly
along the Westerly line of said Parcel Number 842326104-2 to the Southerly right
of way line of Fenno Road; thence Northwesterly along the Southerly right of
way line of Fenno Road to the Easterly right of way line of Fenno Drive; thence
Southerly along the Easterly right of way line of Fenno Drive to a point 75 feet
South of the centerline of said Fenno Road; thence Westerly at a right angle to
the last described course to the Westerly right of way line of Fenno Drive; thence
Northerly along the Westerly right of way line of Fenno Drive to the Southerly line
of Parcel Number 84232330211; thence Northwesterly along the Southerly line of
said Parcel Number 84232330211 to the Southwesterly corner of said Parcel
Number 84232330211; thence Northerly along the Westerly line of said Parcel
Number 84232330211 to the point of beginning
WHEREAS, City staff has caused there to be prepared a form of Plan, a copy of
which has been placed on file for public inspection in the office of the City Clerk
and which is incorporated herein by reference, the purpose of which is to form
the Fenno Drive Urban Renewal Area suitable for economic development and
blight remediation activities and to include a list of proposed projects to be
undertaken within the Urban Renewal Area; and
WHEREAS, it is desirable that the area be redeveloped as part of the overall
redevelopment covered by the Plan; and
WHEREAS, the Iowa statutes require the City Council to submit the proposed Urban
Renewal Plan to the Planning and Zoning Commission for review and
recommendation as to its conformity with the general plan for development of
the City as a whole prior to Council approval of such Plan, and further provides
that the Planning and Zoning Commission shall submit its written
recommendations thereon to this Council within thirty (30) days of its receipt of
such proposed Urban Renewal Plan; and
WHEREAS, the Iowa statutes require the City Council to notify all affected taxing
entities of the consideration being given to the proposed Urban Renewal Plan
and to hold a consultation with such taxing entities with respect thereto, and
further provides that the designated representative of each affected taxing entity
may attend the consultation and make written recommendations for
modifications to the proposed division of revenue included as a part thereof, to
which the City shall submit written responses as provided in Section 403.5, Code
of Iowa, as amended; and
WHEREAS, the Iowa statutes further require the City Council to hold a public
hearing on the proposed Urban Renewal Plan subsequent to notice thereof by
publication in a newspaper having general circulation within the City, which
notice shall describe the time, date, place and purpose of the hearing, shall
generally identify the urban renewal area covered by the Plan and shall outline
the general scope of the urban renewal project under consideration, with a copy
of the notice also being mailed to each affected taxing entity.
NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE,
STATE OF IOWA:
Section 1. That the consultation on the proposed Urban Renewal Plan
required by Section 403.5(2), Code of Iowa, as amended, shall be held on the
March 2, 2021, in the Council Chambers, City Hall, 110 Manor Drive, Riverdale,
Iowa, at 2:00 P.M., and the Mayor, or his delegate, is hereby appointed to serve
as the designated representative of the City for purposes of conducting the
consultation, receiving any recommendations that may be made with respect
thereto and responding to the same in accordance with Section 403.5(2), Code
of Iowa.
Section 2. That the City Clerk is authorized and directed to cause a notice
of such consultation to be sent by regular mail to all affected taxing entities, as
defined in Section 403.17(1), Code of Iowa, along with a copy of this Resolution
and the proposed Urban Renewal Plan, the notice to be in substantially the
following form:
(One publication required)
NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL
OF A PROPOSED FENNO DRIVE URBAN RENEWAL PLAN
FOR A PROPOSED URBAN RENEWAL AREA IN THE CITY
OF RIVERDALE, STATE OF IOWA
The City Council of the City of Riverdale, State of Iowa, will hold a public
hearing before itself at its meeting which commences at 7:00 P.M. on March
23, 2021 to consider adoption of a proposed Fenno Drive Urban Renewal Plan
(the "Plan") concerning a proposed Urban Renewal Area in the City of Riverdale,
State of Iowa.
Due to public health concerns related to COVID-19, this meeting may be
held in person or it may be held electronically, depending on the severity of the
COVID-19 pandemic at the time. An announcement of whether the meeting will
be held in person or electronically will be made no less than 24 hours prior to the
meeting.
If the meeting is held in person, it shall be held in the Council Chambers,
City Hall, 110 Manor Drive, Riverdale, Iowa.
If the meeting is held electronically because an in -person meeting is
impossible or impractical, public access information will be made available no
less than 24 hours prior to the meeting.
Any person or organization desiring to be heard shall be afforded an
opportunity to be heard at such hearing. Please check the posted agenda in
advance of the March 23, 2021 meeting for any updates to the manner in which
the public may access the hearing. Please contact the City Administrator's office
at (563) 355-2511 or cityadmin@riverdaleia.orq if you have questions about the
format of the meeting, or to request a copy of the Plan.
The Fenno Drive Urban Renewal Area is proposed to contain the land
legally described as follows:
Part of the Northeast Quarter of the Northeast Quarter, part of the Southeast
Quarter of the Northeast Quarter, and part of the Northeast and Southeast
Quarter of Section 23, Township 78 North, Range 4 East of the Fifth Principal
Meridian, City of Riverdale, Scott County, Iowa, more particularly described as
follows:
Beginning at the Northwesterly corner of Parcel Number 84232330211; thence
southeasterly along the Northerly line of said Parcel Number 84232330211 to the
Northwesterly corner of Parcel Number 8423230151; thence Southeasterly along
the Northerly line of said Parcel Number 8423230151 to the Northwesterly corner
of Parcel Number 8423230141; thence Southeasterly along the Northerly line of
said Parcel Number 8423230141 to the Northeasterly corner of said Parcel
Number 8423230141; thence Southerly along the Easterly line of said Parcel
Number 8423230141 to the Northerly line of Parcel Number 842323007; thence
Northeasterly along the Northerly line of said Parcel Number 842323007 to the
Northeasterly corner of said Parcel Number 842323007; thence Southwesterly
along the Easterly line of said Parcel Number 842323007 to the Southeasterly
corner of said Parcel Number 842323007; thence Westerly along the Southerly
line of said Parcel Number 842323007 to the North end of the Easterly right of
way line of Fenno Drive; thence Southerly along the Easterly right of way line of
Fenno Drive to the Northerly right of way line of Fenno Road; thence
Southeasterly along the Northerly right of way line of Fenno Road to the Westerly
right of way line of Valley Drive; thence Southwesterly along the Westerly right of
way line of Valley Drive to the Northeasterly corner of Parcel Number 842326104-
2; thence Southwesterly along the Easterly line of said Parcel Number 842326104-
2 to the Southeasterly corner of said Parcel Number 842326104-2; thence
Northwesterly along the Southerly line of said Parcel Number 842326104-2 to the
Southwesterly corner of said Parcel Number 842326104-2; thence Northeasterly
along the Westerly line of said Parcel Number 842326104-2 to the Southerly right
of way line of Fenno Road; thence Northwesterly along the Southerly right of
way line of Fenno Road to the Easterly right of way line of Fenno Drive; thence
Southerly along the Easterly right of way line of Fenno Drive to a point 75 feet
South of the centerline of said Fenno Road; thence Westerly at a right angle to
the last described course to the Westerly right of way line of Fenno Drive; thence
Northerly along the Westerly right of way line of Fenno Drive to the Southerly line
of Parcel Number 84232330211; thence Northwesterly along the Southerly line of
said Parcel Number 84232330211 to the Southwesterly corner of said Parcel
Number 84232330211; thence Northerly along the Westerly line of said Parcel
Number 84232330211 to the point of beginning
A copy of the Plan is on file for public inspection in the office of the City
Clerk, City Hall, City of Riverdale, Iowa.
The City of Riverdale, State of Iowa is the local public 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 promote economic development and to rehabilitate, conserve and
redevelop land, buildings and other improvements within such area through the
elimination and containment of conditions of blight so as to improve the
community through the establishment of effective land use controls, through use
of an effective program of rehabilitation of existing buildings and elimination of
those structures which cannot be economically rehabilitated, with a limited
amount of acquisition, clearance, resale and improvement of land for various
purposes specified in the Plan. To accomplish the objectives of the Plan, and to
encourage the further economic 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, Code of Iowa. The City also may reimburse or directly undertake the
installation, construction and reconstruction of substantial public improvements,
including, but not limited to, street, water, sanitary sewer, storm sewer or other
public improvements. The City also 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 purposes
allowed by the Plan and that tax increment reimbursement of the costs of urban
renewal projects may be sought if and to the extent incurred by the City. The
Plan initially proposes specific public infrastructure or site improvements to be
undertaken by the City, and provides that the Plan may be amended from time
to time.
Any person or organization desiring 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 the City of Riverdale, State
of Iowa, as provided by Section 403.5, Code of Iowa.
Dated this day of
C_r
Katie Enloe, Deputy Clerk, City of
Riverdale, State of Iowa
(End of Notice)
Section 5. That the proposed Urban Renewal Plan, attached hereto as
Exhibit 1, for the proposed Urban Renewal Area described therein is hereby
officially declared to be the proposed Urban Renewal Plan referred to in the
notices for purposes of such consultation and hearing and that a copy of the Plan
shall be placed on file in the office of the City Clerk.
Section 6. That the proposed Urban Renewal Plan be submitted to the
Planning and Zoning Commission for review and recommendation as to its
conformity with the general plan for the development of the City as a whole, with
such recommendation to be submitted in writing to this Council within thirty (30)
days of the date hereof.
PASSED AND APPROVED this 23rd day of February, 2021.
Michael Ba en, Mayor
ATTEST:
Katie Enloe, Deputy Clerk
Label the Plan as Exhibit 1 (with all exhibits) and attach it to this Resolution.
FENNO DRIVE
URBAN RENEWAL PLAN
for the
FENNO DRIVE
URBAN RENEWAL AREA
CITY OF RIVERDALE, IOWA
March 2021
Revised Final Version
TABLE OF CONTENTS
SECTION
A. INTRODUCTION
B. DESCRIPTION OF THE URBAN RENEWAL AREA
C. AREA DESIGNATION
D. HISTORY AND PURPOSE
E. BASE VALUE
F. DEVELOPMENT PLAN
G. PLAN OBJECTIVES
H. TYPES OF RENEWAL ACTIVITIES
I. ELIGIBLE URBAN RENEWAL PROJECTS
J. FINANCIAL INFORMATION
K. URBAN RENEWAL FINANCING
L. PROPERTY ACQUISITION/DISPOSITION
M. RELOCATION
N. PROPERTY WITHIN AN URBAN REVITALIZATION AREA
O. STATE AND LOCAL REQUIREMENTS
P. SEVERABILITY
Q. URBAN RENEWAL PLAN AMENDMENTS
R. EFFECTIVE PERIOD
EXHIBITS
A. LEGAL DESCRIPTION OF FENNO DRIVE URBAN RENEWAL AREA
B. FENNO DRIVE URBAN RENEWAL AREA MAP
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Fenno Drive Urban Renewal Plan
for the
Fenno Drive Urban Renewal Area
City of Riverdale, Iowa
A. INTRODUCTION
The Fenno Drive Urban Renewal Plan ("Plan" or "Urban Renewal Plan") for the Fenno Drive
Urban Renewal Area ("Area" or "Urban Renewal Area") has been developed to help local officials
alleviate blighting conditions and influences and promote commercial economic development in
the City of Riverdale, Iowa (the "City").
In order to achieve this objective, the City intends to undertake Urban Renewal activities pursuant
to the powers granted to it under Chapter 403 of the Code of Iowa, as amended.
B. DESCRIPTION OF THE URBAN RENEWAL AREA
The Urban Renewal Area is described in Exhibit "A" and illustrated in Exhibit "B."
The City reserves the right to modify the boundaries of the Area at some future date.
C. AREA DESIGNATION
With the adoption of this Plan, the City designates this Urban Renewal Area as a mixed area
containing property designated as blighted that is suitable for blight remediation activities, and
property designated as appropriate for commercial economic development.
D. HISTORY AND PURPOSE
The Urban Renewal Area is being created in order to remediate blighting influences and to promote
commercial economic development in the Area. For the purposes of urban renewal, Iowa Code
Section 403.17(5) (2019) defines a "blighted area" as follows:
"Blighted area" means an area of a municipality within which the local governing
body of the municipality determines that the presence of a substantial number of
slum, deteriorated, or deteriorating structures; defective or inadequate street layout;
faulty lot layout in relation to size, adequacy, accessibility, or usefulness; insanitary
or unsafe conditions; deterioration of site or other improvements; diversity of
ownership, tax or special assessment delinquency exceeding the fair value of the
land; defective or unusual conditions of title; or the existence of conditions which
endanger life or property by fire and other causes; or any combination of these
factors; substantially impairs or arrests the sound growth of a municipality, retards
the provision of housing accommodations, or constitutes an economic or social
liability and is a menace to the public health, safety, or welfare in its present
condition and use. A disaster area referred to in section 403.5, subsection 7,
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constitutes a "blighted area". "Blighted area" does not include real property
assessed as agricultural property for purposes of property taxation.
In August 2020, a blight assessment was completed on properties within the proposed Urban
Renewal Area. The findings of the blight assessed were reported in the Engineering Assessment
for Slum & Blight Inventory — August 2020. The report evaluated individual properties within the
Area based on blighting factors considered under the Community Development Block Grant
(CDBG) criteria. The report also evaluated infrastructure within the Area. The Engineering
Assessment for Slum & Blight Inventory — August 2020 report identified a number of conditions
that contribute to a "blighted area" under Iowa Code Section 403.17(5), including:
• Fenno Drive is a deteriorating roadway with a defective and/or inadequate layout because
it is not sized appropriately for emergency vehicle traffic.
• The exterior structural elements of some residential structures in the Area, including
foundations, decks, and porches, show signs of deterioration or aging, which create unsafe
conditions.
• Photos in the report evidence the overgrowth of vegetation and mold around and on several
structures in the Area, which can contribute to the deterioration of improvements.
In the course of preparing this Plan, City staff evaluated current conditions within the Area and
identified the following additional conditions within the Area which are consistent with a "blighted
area":
• The layout of lots in the Area is faulty in relation to accessibility, as several lots within the
Urban Renewal Area are not easily accessible for emergency vehicles. Furthermore, the
faulty layout of the lots and inadequate size of Fenno Drive create conditions which
endanger life and property by fire and other causes because emergency vehicles cannot
appropriately respond to fires or other emergencies in this Area. Accordingly, these
combined conditions impair the sound growth of the City in this Area and present a menace
to the public health, safety, and welfare.
• There are vacant/abandoned structures within the Area. Vacant structures are prone to
deterioration and can house unknown dangerous conditions.
Based in part on the conditions confirmed to exist within the Area by the Engineering Assessment
for Slum & Blight Inventory — August 2020 report and by City staff review of current conditions
as a blighted area under Section 403.17(5) of the Code of Iowa (2019).
Accordingly, the City Council has designated the Urban Renewal Area as a blighted area as well
as an economic development area suitable for commercial economic development.
E. BASE VALUE
If the Urban Renewal Area is legally established, a Tax Increment Financing (TIF) Ordinance is
adopted, and debt is certified prior to December 1, 2021, the taxable valuation as of January 1,
2020, will be considered the frozen "base valuation" of the taxable property within that area
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covered by the TIF ordinance. If a TIF Ordinance is not adopted until a later date, or debt is not
first certified prior to December 1, 2021, the frozen "base value" will be the assessed value of the
taxable property within that area covered by the TIF Ordinance as of January 1 of the calendar
year preceding the calendar year in which the City first certifies the amount of any debt on the
Area.
F. DEVELOPMENT PLAN
Riverdale has a general plan for the physical development of the City as a whole, outlined in the
2012-2032 Comprehensive Plan, adopted November 7, 2012. The goals and objectives proposed
in this Plan, and the urban renewal projects described herein, are in conformity with the land use
policies and plans for the development of the City as a whole established in the 2012-2032
Comprehensive Plan.
The Urban Renewal Plan does not in any way replace the City's current land use planning or
zoning regulation process. The land being included in the Urban Renewal Area is currently zoned
as R-1 residential, but may be rezoned to R-2 multi -family, if needed, in accordance with the City's
standard zoning processes.
The need, if any, for improved traffic, public transportation, public utilities, recreational and
community facilities, or other public improvements within the Urban Renewal Area is set forth in
this Plan. As the Area continues to develop, the need for public infrastructure extensions and
upgrades will be evaluated and planned for by the City.
G. PLAN OBJECTIVES
Renewal activities are designed to eliminate blighting influences and to provide opportunities,
incentives, and sites for community economic development purposes. More specific objectives
for development, revitalization, and alleviation of blight conditions within the Urban Renewal
Area are as follows:
1. To eliminate blighting influences and promote revitalization, through public action and
commitment, or by providing incentives to private persons or businesses, to acquire,
rehabilitate, renovate, demolish, and/or redevelop existing structures or property.
2. To achieve a diversified, well-balanced economy providing a desirable standard of living,
creating job opportunities, and strengthening the tax base.
3. To plan for and provide sufficient land for commercial development and for redevelopment
of blighted properties in a manner that is efficient from the standpoint of providing
municipal services.
4. To help develop a sound economic base that will serve as the foundation for future growth,
development, and revitalization.
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5. To provide for the installation and upgrade of public works, infrastructure, storm water,
sanitary sewer treatment, water treatment, and related facilities which alleviate blighting
influences and contribute to the development of the Area.
6. To provide a more marketable and attractive investment climate through the use of various
federal, state, and local incentives.
7. To stimulate through public action and commitment, private investment in new
development in order to revitalize the community.
8. To enhance the health, safety, living environment, general character, and general welfare
of Riverdale, Iowa.
9. To promote development utilizing any other objectives allowed by Chapter 403 of the Code
of Iowa.
H. TYPES OF RENEWAL ACTIVITIES
To meet the objectives of this Urban Renewal Plan and to encourage the development of the Area,
the City intends to utilize the powers conferred under Chapter 403 and Chapter 15A, Code of Iowa
including, but not limited to, tax increment financing. Activities may include:
1. To undertake and carry out urban renewal projects through the execution of contracts and
other instruments, including blight remediation projects.
2. To acquire property through a variety of means (purchase, lease, option, etc.) and to hold,
clear, or prepare the property for redevelopment.
3. To dispose of property so acquired.
4. To provide for the construction of site -specific improvements, such as grading and site
preparation activities, access roads and parking, fencing, utility connections, and related
activities.
5. To demolish existing blighted structures and to clear property for future development in
order to alleviate blighting conditions.
6. To arrange for or cause to be provided the construction or repair of public infrastructure,
and facilities including, but not limited to, streets and sidewalks, traffic lights, pedestrian
safety measures, water mains, sanitary sewers, storm sewers, or other public facilities in
connection with urban renewal projects which serve to revitalize the Area and alleviate
blighting conditions and/or promote development within the Area.
7. To make loans, forgivable loans, grants, tax rebate payments, or other types of grants or
incentives to private persons or businesses for economic development, revitalization or
blight remediation purposes, on such terms as may be determined by the City Council.
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8. To use tax increment financing to facilitate urban renewal projects, including, but not
limited to, financing to achieve a more marketable and competitive land offering price and
to provide for necessary physical improvements and infrastructure.
9. To use tax increment revenues to help leverage grants, loans, or other assistance from the
state and federal governments (such as providing the local match for such assistance) in
support of projects or businesses that advance the objectives of this plan.
10. To borrow money and to provide security therefor.
11. To make or have made surveys and plans necessary for the implementation of the Urban
Renewal Plan or specific urban renewal projects.
12. To fund or help finance programs that will directly benefit blight remediation.
13. To use any or all other powers granted by the Urban Renewal Act to develop and provide
for improved economic and housing conditions for the City of Riverdale and the State of
Iowa.
Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful
power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 427B, or any
other provision of the Code of Iowa in furtherance of the objectives of this Urban Renewal Plan.
I. ELIGIBLE URBAN RENEWAL PROJECTS
Although certain project activities may occur over a period of years, the eligible urban renewal
projects under this Urban Renewal Plan include:
1. Public Improvement Projects:
A. Reconstruction of Fenno Drive: The City expects to undertake the reconstruction
of the portion of Fenno Drive included within the Area. The reconstruction project will
remediate blighting conditions in the Area, as the current layout of Fenno Drive and
surrounding lots makes Fenno Drive too narrow for emergency vehicle traffic to reach
several lots. The City's costs for this project are anticipated not to exceed $391,000.
B. Reconstruction of Fenno Road: The City expects to undertake the reconstruction of
the portion of Fenno Road included within the Area. Fenno Road is currently in poor
condition and has a steep grade. The steep grade, combined with the current surfacing of
the road, creates difficulty for drivers attempting to stop at the intersection of Valley Drive,
particularly in wintery or wet weather conditions. The reconstruction project will remediate
blighting conditions in the Area, by resurfacing the road. The City's costs for this project
are anticipated not to exceed $215,000.
2. Land Acquisition and/or Redevelopment — 1147 Fenno Drive: The City may consider
acquiring the property locally known as 1147 Fenno Drive in order to facilitate the
redevelopment of the property, or the City may offer an incentive to a private entity willing to
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acquire the 1147 Fenno Drive property and rehabilitate it for more beneficial uses. The City's
costs for this project are anticipated not to exceed $265,000.
3. Development Agreements:
A. Development Agreement with Windmiller Design Build, Inc. (or related entity): The
City expects to consider a development agreement with Windmiller Design Build, Inc. (or
a related entity) for the construction of a 12 -unit apartment complex, and all related site
improvements. Construction for this project is anticipated to be completed in 2021. In
exchange for the obligations of Windmiller Design Build Inc. (or a related entity) under
the agreement, the City expects to make up annual payments of Economic Development
Grants to Windmiller Design Build, Inc. (or a related entity) in the form of Tax Increment
rebates. The Economic Development Grants would be funded through tax increment
generated by the construction of the apartment complex. The costs of this agreement are
not to exceed $436,000.
B. Future Development Agreements: The City expects to consider requests for
development agreements for projects that are consistent with this Plan, in the City's sole
discretion. Such agreements are unknown at this time, but based on past history, and
dependent on development opportunities and climate, the City expects to consider a broad
range of incentives as authorized by this Plan, including but not limited to land, loans,
grants, tax rebates, infrastructure assistance and other incentives. The costs of such
development agreements will not exceed $425,000.
4. Planning, Engineering Fees (for Urban Renewal Plans), Attorney Fees, Administrative,
and Other Related Costs to Support Urban Renewal Projects and Planning:
Project
Estimated Date
Estimated Cost
to be Funded by
TIF Funds
Fees and Costs
Undetermined
Not to Exceed
$85,000
J. FINANCIAL INFORMATION
1.
July 1, 2020, Constitutional Debt Limit
$4,803,761
2.
Current Outstanding General Obligation Debt
$305,000
3.
Proposed amount of indebtedness to be incurred: A specific
amount of debt to be incurred for the Eligible Urban
Renewal Projects has not yet been determined. This
document is for planning purposes only. The estimated
project costs in this Plan are estimates only and will be
incurred and spent over a number of years. In no event will
the City's constitutional debt limit be exceeded. The City
Council will consider each project proposal on a case -by -
case basis to determine if it is in the City's best interest to
$1,817,000
This does not include financing
costs related to debt issuance,
which may be incurred over the
life of the Area.
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participate before approving an urban renewal project or
expense. It is further expected that such indebtedness,
including interest on the same, may be financed in whole
or in part with tax increment revenues from the Urban
Renewal Area. Subject to the foregoing, it is estimated that
the cost of the Eligible Urban Renewal Projects as
described above will be approximately as stated in the next
column:
K. URBAN RENEWAL FINANCING
The City of Riverdale intends to utilize various financing tools, such as those described below to
successfully undertake the proposed urban renewal actions. The City has the statutory authority
to use a variety of tools to finance physical improvements within the Area. These include:
A. Tax Increment Financing.
Under Section 403.19 of the Code of Iowa, urban renewal areas may utilize the tax
increment financing mechanism to finance the costs of public improvements, economic
development incentives, or other urban renewal projects. Upon creation of a tax increment
district within the Area, by ordinance, the assessment base is frozen and the amount of tax
revenue available from taxes paid on the difference between the frozen base and the
increased value, if any, is segregated into a separate fund for the use by the City to pay
costs of the eligible urban renewal projects. The increased taxes generated by any new
eVeltrittifffra
by the City, and in any event upon the expiration of the tax increment district.
B. General Obligation Bonds.
Under Division III of Chapter 384 and Chapter 403 of the Code of Iowa, the City has the
authority to issue and sell general obligation bonds for specified essential and general
corporate purposes, including the acquisition and construction of certain public
improvements within the Area or incentives for development consistent with this Plan.
Such bonds are payable from the levy of unlimited ad valorem taxes on all the taxable
property within the City. It may be, the City will elect to abate some or all of the debt
service on these bonds with incremental taxes from this Area.
The City may also determine to use tax increment financing to provide incentives such as cash
grants, loans, tax rebates, or other incentives to developers or private entities in connection with
the urban renewal projects identified in this Plan. In addition, the City may determine to issue
general obligation bonds, tax increment revenue bonds or such other obligations, or loan
agreements for the purpose of making loans or grants of public funds to private businesses located
in the Area for urban renewal projects. Alternatively, the City may determine to use available
funds for making such loans or grants or other incentives related to urban renewal projects. In any
event, the City may determine to use tax increment financing to reimburse the City for any
obligations or advances.
9
Revised Final Version
Nothing herein shall be construed as a limitation on the power of the City to exercise any lawful
power granted to the City under Chapter 15, Chapter 15A, Chapter 403, Chapter 427B, or any
other provision of the Code of Iowa in furtherance of the objectives of this Urban Renewal Plan.
L. PROPERTY ACQUISITION/DISPOSITION
The City will follow any applicable requirements for the acquisition and disposition of property
within the Urban Renewal Area.
M. RELOCATION
The City does not expect there to be any relocation required of residents or businesses as part of
the proposed urban renewal project; however, if any relocation is necessary, the City will follow
all applicable relocation requirements.
N. PROPERTY WITHIN AN URBAN REVITALIZATION AREA
The Urban Renewal Area may (now or in the future) also be located within an established Urban
Revitalization Area. Properties within the Urban Renewal Area shall not be eligible for tax
abatement under an Urban Revitalization Plan without the Riverdale City Council's specific
approval. The City Council, at its sole discretion, shall determine which incentives are available
through either: (a) this Plan for urban renewal incentives, if any urban renewal incentives are
offered by the City, at the City Council's sole discretion; or (b) tax abatement incentives through
the City's Urban Revitalization Plan(s); or (c) a combination of urban renewal incentives and tax
abatement incentives.
O. STATE AND LOCAL REQUIREMENTS
The City will comply with all State and local laws related to implementing this Urban Renewal
Plan and its supporting documents.
P. SEVERABILITY
In the event one or more provisions contained in the Urban Renewal Plan shall be held for any
reason to be invalid, illegal, unauthorized, or unenforceable in any respect, such invalidity,
illegality, un-authorization, or unenforceability shall not affect any other provision of this Urban
Renewal Plan, and this Urban Renewal Plan shall be construed and implemented as if such
provisions had never been contained herein.
Q. URBAN RENEWAL PLAN AMENDMENTS
This Urban Renewal Plan may be amended from time to time for a number of reasons including,
but not limited to, adding or deleting land, adding or amending urban renewal projects, or
modifying goals or types of renewal activities.
10
Revised Final Version
The City Council may amend this Plan in accordance with applicable State law.
R. EFFECTIVE PERIOD
This Urban Renewal Plan will become effective upon its adoption by the City Council and shall
remain in effect until terminated by the City Council. Notwithstanding anything to the contrary in
the Urban Renewal Plan, during the life of this Plan, the City Council may designate all or any
portion of the property covered by this plan as a "tax increment area." The Urban Renewal Area
is designated as a mixed area for the promotion of both economic development, as well as blight
remediation and therefore, the Urban Renewal Area has no statutory sunset under Iowa Code
Section 403.19 (2021). The division of revenue shall continue on the Urban Renewal Area for the
maximum period allowed by law.
At all times, the use of tax increment financing revenues (including the amount of loans, advances,
indebtedness, or bonds which qualify for payment from the division of revenue provided in Section
403.19 of the Code of Iowa) by the City for activities carried out under the Urban Renewal Area
shall be limited as deemed appropriate by the City Council and consistent with all applicable
provisions of law.
11
Revised Final Version
EXHIBIT A
LEGAL DESCRIPTION OF FENNO DRIVE URBAN RENEWAL AREA
Part of the Northeast Quarter of the Northeast Quarter, part of the Southeast Quarter
of the Northeast Quarter, and part of the Northeast and Southeast Quarter of Section
23, Township 78 North, Range 4 East of the Fifth Principal Meridian, City of
Riverdale, Scott County, Iowa, more particularly described as follows:
Beginning at the Northwesterly corner of Parcel Number 84232330211; thence
southeasterly along the Northerly line of said Parcel Number 84232330211 to the
Northwesterly corner of Parcel Number 8423230151; thence Southeasterly along
the Northerly line of said Parcel Number 8423230151 to the Northwesterly corner
of Parcel Number 8423230141; thence Southeasterly along the Northerly line of
said Parcel Number 8423230141 to the Northeasterly corner of said Parcel
Number 8423230141; thence Southerly along the Easterly line of said Parcel
Number 8423230141 to the Northerly line of Parcel Number 842323007; thence
Northeasterly along the Northerly line of said Parcel Number 842323007 to the
Northeasterly corner of said Parcel Number 842323007; thence Southwesterly
along the Easterly line of said Parcel Number 842323007 to the Southeasterly
corner of said Parcel Number 842323007; thence Westerly along the Southerly
line of said Parcel Number 842323007 to the North end of the Easterly right of way
line of Fenno Drive; thence Southerly along the Easterly right of way line of Fenno
Drive to the Northerly right of way line of Fenno Road; thence Southeasterly along
the Northerly right of way line of Fenno Road to the Westerly right of way line of
Valley Drive; thence Southwesterly along the Westerly right of way line of Valley
Drive to the Northeasterly corner of Parcel Number 842326104-2; thence
Southwesterly along the Easterly line of said Parcel Number 842326104-2 to the
Southeasterly corner of said Parcel Number 842326104-2; thence Northwesterly
along the Southerly line of said Parcel Number 842326104-2 to the Southwesterly
corner of said Parcel Number 842326104-2; thence Northeasterly along the
Westerly line of said Parcel Number 842326104-2 to the Southerly right of way
line of Fenno Road; thence Northwesterly along the Southerly right of way line of
Fenno Road to the Easterly right of way line of Fenno Drive; thence Southerly
along the Easterly right of way line of Fenno Drive to a point 75 feet South of the
centerline of said Fenno Road; thence Westerly at a right angle to the last described
course to the Westerly right of way line of Fenno Drive; thence Northerly along the
Westerly right of way line of Fenno Drive to the Southerly line of Parcel Number
84232330211; thence Northwesterly along the Southerly line of said Parcel
Number 84232330211 to the Southwesterly corner of said Parcel Number
84232330211; thence Northerly along the Westerly line of said Parcel Number
84232330211 to the point of beginning.
12
Revised Final Version
EXHIBIT B
MAP OF FENNO DRIVE URBAN RENEWAL AREA
BELMONT ROAD URBAN DEVELOPMENT PLAN EXHIBIT
CITY OF RIVERDALE, SCOTT COUNTY, IOWA
Point Of -`.
Beginning _ ,�►
NO SCALE
WINDMILLER
CITY OF RIVERDALE
SCOTT COUNTY, IOWA
BACKGROUND LINE
WORK FROM SCOTT
COUNTY GIS
SA
CITY OF RIVERDALE EXHIBIT
9 Cc
01761489-1\22647-012
13
Revised Final Version
ATTACH THE PLAN LABELED AS
EXHIBIT 1 HERE
CERTIFICATE
STATE OF IOWA
SS
COUNTY OF SCOTT
I, the undersigned City Clerk of the City of Riverdale, State of Iowa, do
hereby certify that attached is a true and complete copy of the portion of the
records of the City showing proceedings of the Council, and the same is a true
and complete copy of the action taken by the Council with respect to the matter
at the meeting held on the date indicated in the attachment, which proceedings
remain in full force and effect, and have not been amended or rescinded in any
way; that meeting and all action thereat was duly and publicly held in
accordance with a notice of meeting and tentative agenda, a copy of which
was timely served on each member of the Council and posted on a bulletin
board or other prominent place easily accessible to the public and clearly
designated for that purpose at the principal office of the Council pursuant to the
local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon
reasonable advance notice to the public and media at least twenty-four hours
prior to the commencement of the meeting as required by law and with members
of the public present in attendance; I further certify that the individuals named
therein were on the date thereof duly and lawfully possessed of their respective
city offices as indicated therein, that no Council vacancy existed except as may
be stated in the proceedings, and that no controversy or litigation is pending,
prayed or threatened involving the incorporation, organization, existence or
boundaries of the City or the right of the individuals named therein as officers to
their respective positions.
E S m hand and the seal of the Council hereto affixed this
day of Y , 2021.
Katie Enloe, Deputy Clerk, City of
Riverdale, State of Iowa
(SEAL)
01826323-1 \22647-012
Passed, approved and adopted this 23rd day of February, 2021.
APPROVED
ATTEST
en, Mayor Ka le Enloe, Deputy Clerk
(One publication required)
NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL
OF A PROPOSED FENNO DRIVE URBAN RENEWAL PLAN
FOR A PROPOSED URBAN RENEWAL AREA IN THE CITY
OF RIVERDALE, STATE OF IOWA
The City Council of the City of Riverdale, State of Iowa, will hold a public
hearing before itself at its meeting which commences at 7:00 P.M. on March
23, 2021 to consider adoption of a proposed Fenno Drive Urban Renewal Plan
(the "Plan") concerning a proposed Urban Renewal Area in the City of Riverdale,
State of Iowa.
Due to public health concerns related to COVID-19, this meeting may be
held in person or it may be held electronically, depending on the severity of the
COVID-19 pandemic at the time. An announcement of whether the meeting will
be held in person or electronically will be made no less than 24 hours prior to the
meeting.
If the meeting is held in person, it shall be held in the Council Chambers,
City Hall, 110 Manor Drive, Riverdale, Iowa.
If the meeting is held electronically because an in -person meeting is
impossible or impractical, public access information will be made available no
less than 24 hours prior to the meeting.
Any person or organization desiring to be heard shall be afforded an
opportunity to be heard at such hearing. Please check the posted agenda in
advance of the March 23, 2021 meeting for any updates to the manner in which
the public may access the hearing. Please contact the City Administrator's office
at (563) 355-2511 or cityadmin@riverdaleia.orq if you have questions about the
format of the meeting, or to request a copy of the Plan.
The Fenno Drive Urban Renewal Area is proposed to contain the land
legally described as follows:
Part of the Northeast Quarter of the Northeast Quarter, part of the Southeast
Quarter of the Northeast Quarter, and part of the Northeast and Southeast
Quarter of Section 23, Township 78 North, Range 4 East of the Fifth Principal
Meridian, City of Riverdale, Scott County, Iowa, more particularly described as
follows:
Beginning at the Northwesterly corner of Parcel Number 84232330211; thence
southeasterly along the Northerly line of said Parcel Number 84232330211 to the
Northwesterly corner of Parcel Number 8423230151; thence Southeasterly along
the Northerly line of said Parcel Number 8423230151 to the Northwesterly corner
of Parcel Number 8423230141; thence Southeasterly along the Northerly line of
said Parcel Number 8423230141 to the Northeasterly corner of said Parcel
Number 8423230141; thence Southerly along the Easterly line of said Parcel
Number 8423230141 to the Northerly line of Parcel Number 842323007; thence
Northeasterly along the Northerly line of said Parcel Number 842323007 to the
Northeasterly corner of said Parcel Number 842323007; thence Southwesterly
along the Easterly line of said Parcel Number 842323007 to the Southeasterly
corner of said Parcel Number 842323007; thence Westerly along the Southerly
line of said Parcel Number 842323007 to the North end of the Easterly right of
way line of Fenno Drive; thence Southerly along the Easterly right of way line of
Fenno Drive to the Northerly right of way line of Fenno Road; thence
Southeasterly along the Northerly right of way line of Fenno Road to the Westerly
right of way line of Valley Drive; thence Southwesterly along the Westerly right of
way line of Valley Drive to the Northeasterly corner of Parcel Number 842326104-
2; thence Southwesterly along the Easterly line of said Parcel Number 842326104-
2 to the Southeasterly corner of said Parcel Number 842326104-2; thence
Northwesterly along the Southerly line of said Parcel Number 842326104-2 to the
Southwesterly corner of said Parcel Number 842326104-2; thence Northeasterly
along the Westerly line of said Parcel Number 842326104-2 to the Southerly right
of way line of Fenno Road; thence Northwesterly along the Southerly right of
way line of Fenno Road to the Easterly right of way line of Fenno Drive; thence
Southerly along the Easterly right of way line of Fenno Drive to a point 75 feet
South of the centerline of said Fenno Road; thence Westerly at a right angle to
the last described course to the Westerly right of way line of Fenno Drive; thence
Northerly along the Westerly right of way line of Fenno Drive to the Southerly line
of Parcel Number 84232330211; thence Northwesterly along the Southerly line of
said Parcel Number 84232330211 to the Southwesterly corner of said Parcel
Number 84232330211; thence Northerly along the Westerly line of said Parcel
Number 84232330211 to the point of beginning
A copy of the Plan is on file for public inspection in the office of the City
Clerk, City Hall, City of Riverdale, Iowa.
The City of Riverdale, State of Iowa is the local public 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 promote economic development and to rehabilitate, conserve and
redevelop land, buildings and other improvements within such area through the
elimination and containment of conditions of blight so as to improve the
community through the establishment of effective land use controls, through use
of an effective program of rehabilitation of existing buildings and elimination of
those structures which cannot be economically rehabilitated, with a limited
amount of acquisition, clearance, resale and improvement of land for various
purposes specified in the Plan. To accomplish the objectives of the Plan, and to
encourage the further economic 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, Code of Iowa. The City also may reimburse or directly undertake the
installation, construction and reconstruction of substantial public improvements,
including, but not limited to, street, water, sanitary sewer, storm sewer or other
public improvements. The City also 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 purposes
allowed by the Plan and that tax increment reimbursement of the costs of urban
renewal projects may be sought if and to the extent incurred by the City. The
Plan initially proposes specific public infrastructure or site improvements to be
undertaken by the City, and provides that the Plan may be amended from time
to time.
Any person or organization desiring 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 the City of Riverdale, State
of Iowa, as provided y Section 403.5, Code of Iowa.
Dated this / day of , 2021.
Katie Enloe, Deputy Clerk, City of
Riverdale, State of Iowa
(End of Notice)
CERTIFICATE
STATE OF IOWA
SS
COUNTY OF SCOTT
I, the undersigned City Clerk of the City of Riverdale, State of Iowa, do
hereby certify that attached is a true and complete copy of the portion of the
records of the City showing proceedings of the Council, and the same is a true
and complete copy of the action taken by the Council with respect to the matter
at the meeting held on the date indicated in the attachment, which proceedings
remain in full force and effect, and have not been amended or rescinded in any
way; that meeting and all action thereat was duly and publicly held in
accordance with a notice of meeting and tentative agenda, a copy of which
was timely served on each member of the Council and posted on a bulletin
board or other prominent place easily accessible to the public and clearly
designated for that purpose at the principal office of the Council pursuant to the
local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon
reasonable advance notice to the public and media at least twenty-four hours
prior to the commencement of the meeting as required by law and with members
of the public present in attendance; I further certify that the individuals named
therein were on the date thereof duly and lawfully possessed of their respective
city offices as indicated therein, that no Council vacancy existed except as may
be stated in the proceedings, and that no controversy or litigation is pending,
prayed or threatened involving the incorporation, organization, existence or
boundaries of the City or the right of the individuals named therein as officers to
their respective positions.
WIT E y nd and the seal of the Council hereto affixed this z�
day of , 2021.
Katie Enloe, Deputy Clerk, City of
Riverdale, State of Iowa
(SEAL)
01826323-1 \22647-012
STATE OF IOWA
COUNTY OF SCOTT
CERTIFICATE
} SS
}
I, the undersigned City Clerk of the City of Riverdale, State of Iowa, do
hereby certify that attached is a true and complete copy of the portion of the
records of the City showing proceedings of the Council, and the same is a true
and complete copy of the action taken by the Council with respect to the matter
at the meeting held on the date indicated in the attachment, which proceedings
remain in full force and effect, and have not been amended or rescinded in any
way; that meeting and all action thereat was duly and publicly held in
accordance with a notice of meeting and tentative agenda, a copy of which
was timely served on each member of the Council and posted on a bulletin
board or other prominent place easily accessible to the public and clearly
designated for that purpose at the principal office of the Council pursuant to the
local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon
reasonable advance notice to the public and media at least twenty-four hours
prior to the commencement of the meeting as required by law and with members
of the public present in attendance; I further certify that the individuals named
therein were on the date thereof duly and lawfully possessed of their respective
city offices as indicated therein, that no Council vacancy existed except as may
be stated in the proceedings, and that no controversy or litigation is pending,
prayed or threatened involving the incorporation, organization, existence or
boundaries of the City or the right of the individuals named therein as officers to
their respective positions.
E S m hand and the seal of the Council hereto affixed this
day of �),`' _ ,2021.
\JIM ?ilk,
Katie Enloe, Deputy Clerk, City of
Riverdale, State of Iowa
01826323-1 \22647-012