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Date
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June 23, 2008
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Agenda
Item No. 18 Roll Call No. 08-
Communication
No. 08-365 Submitted
by: Matthew A. Anderson Office
of Economic Development |
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AGENDA
HEADING:
Resolution
approving amended
Conceptual Development Plan pursuant
to the urban renewal agreement with Raccoon Valley Investment
Company, L.C. (Michael Coppola,
Manager/
SYNOPSIS:
In
2004, the Council approved the Fleur Drive Commercial Area Urban Renewal Plan
for the area on the east side of
The
City then executed a Development Agreement with Raccoon Valley Investment L.C. that
provides for an annual economic development grant to be paid to developer, subject
to a number of design-related conditions and an approved conceptual development
plan which provides for phased development of specified improvements. The
first phase of development has been completed and approved by the Council (the
new Starbucks) and the second phase –the Hy-Vee development—is nearing completion.
The approved conceptual development plan showed a new façade
being installed by July 1, 2007 on the structure at 4413 Fleur Dr. (currently
doing business as the All in the Family Pub) or, by July 1, 2008:
-
Changing the use of the structure; or
-
Constructing an adjacent 19,000 sq. ft. new
structure; or
-
Demolishing the ‘All in the Family’ building.
None of these actions for this property
at
FISCAL
IMPACT: NONE
Amount: N/A
Funding Source: N/A
ADDITIONAL
INFORMATION:
After
approving the urban renewal plan and tax increment designation, the City then
executed a Development Agreement with Raccoon Valley Investment L. C. that
provided for an annual economic development grant to be paid to developer, subject
to a number of conditions including compliance with an approved conceptual
development plan. The conceptual development plan is to be reviewed by
the Urban Design Review Board and approved by the City Council as a condition
to receive the grant.
The Development Agreement requires the submitted
conceptual development plan satisfy a number of minimum development
requirements. The intent of these requirements is to create an attractive
overall appearance that enhances the areas with new construction and
rehabilitation of existing buildings, use of durable construction materials,
well-designed exteriors with architectural detailing and integrated landscaping
that provides for coherent vehicular and pedestrian circulation.
The proposed amended Conceptual Development Plan
identifies that the first two phases of the project have been substantially
completed in accordance with the previously approved Conceptual Development
Plan and the Minimum Development Requirements, and makes the remaining phase of
the development subject to approval by the City of a future amendment to the
Conceptual Development Plan.
PREVIOUS
COUNCIL ACTION(S):
Date: January 8, 2007
Roll Call
Number: 07-049
Action: Certificate of Completion for Starbucks
Redevelopment Project,
Date: October 10,
2005
Roll Call
Number: 05-2451
Action: Conceptual
Development Plan for Fleur Drive Commercial Urban Renewal Area, subject to
specified revisions. (Council Communication No. 05-563) Moved by Hensley to adopt.
Motion Carried 7-0.
Date:
June 7, 2004
Roll Call
Number: 04-1236
Action: Approving Urban Renewal Development Agreement
with Raccoon Valley Investment Company, L.C. represented by Michael Coppola,
for redevelopment of portion of the Urban Renewal Area. Moved by Hensley to adopt. Motion Carried 6-1.
Absent: Coleman.
BOARD/COMMISSION
ACTION(S): NONE
ANTICIPATED
ACTIONS AND FUTURE COMMITMENTS:
At the time a revised conceptual design plan is submitted in accordance
with the urban renewal agreement, the Urban Design Review Board will review and
make its recommendation to the City Council.
For more information on this and other agenda items,
please call the City Clerk’s Office at 515-283-4209 or visit the Clerk’s Office
on the second floor of City Hall,