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Date
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November 23,
2009
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Agenda
Item No. 54 Roll
Call No. 09-
Communication No. 09-832 Submitted by: Larry Hulse, Community Development
Director |
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AGENDA HEADING:
Resolution
Approving Memorandum of Agreement (MOA) with the Iowa State Historic
Preservation Office (SHPO) and Metro Lofts LLC for the Metro Lofts development
at 2nd Avenue and Vine Streets.
SYNOPSIS:
Recommend approval to enter into
a MOA with the Iowa SHPO and Metro Lofts LLC on the proposed Metro Lofts project.
The developer, Sherman Associates, will receive a loan guarantee from the
United States Department of Housing and Urban Development (HUD) on this project. The project would involve the construction of
a 4-story apartment building with 111 units and 113 underground parking stalls
at an estimated cost of $20.3 million dollars. The project is located in 13 PK
61, which is an archaeological area determined eligible for the National
Register of Historic Places. The execution of an MOA will provide guidance to
all parties involved as the project moves forward and ensure the project will
not adversely affect historically significant resources. Further changes to the MOA may be necessary to
obtain final approval by the SHPO. The
proposed resolution approves the MOA subject to such further changes approved
by the Legal Department as being minor in nature and to not adversely impact
the City's interest.
FISCAL IMPACT: NONE
Amount: N/A
Funding Source: N/A
ADDITIONAL INFORMATION:
Sherman Associates will receive a Section 108 loan
guarantee from HUD for the construction of Metro Lofts. Because
the project involves federal funding, the
City of Des Moines, as the responsible entity, is required to conduct an
environmental review process in accordance with HUD regulations under the
National Environmental Policy Act (NEPA) and other provisions of the law that
further the purpose of NEPA, including Sections 101, 106 and 110 of the
National Historic Preservation Act.
As part of this process, the City
has consulted with the SHPO to determine the project Area of Potential Effects
(APE). During the consultation process, the City and SHPO have determined that due
to the location of the project, there is the potential to disturb historically
significant resources during excavation. The Developer, City and the SHPO are
close to finalizing the terms of an agreement on the necessary steps to avoid
an adverse effect, which include retaining a professional archaeologist to
survey the parcel and assess the potential impact of the project. This
undertaking shall be implemented in accordance with the stipulations outlined
in the MOA that will be on file in the City Clerk’s Office. The MOA must be
signed by all parties involved, which includes the Mayor on behalf of the City
of Des Moines.
PREVIOUS COUNCIL ACTION(S):
Date:
October 27, 2008
Roll
Call Number:
08-1904
Action: SA Metro
Lofts, Limited Partnership for new construction of mixed income housing at 255
Vine Street. Moved by Kiernan to adopt. Motion Carried 7-0.
Date:
November 6, 2006
Roll
Call Number: 06-2237
Action:
Support of application by Sherman
Associates Development, LLC for construction of mixed income housing at 255
Vine Street. Moved by
Hensley to adopt. Motion Carried 6-0.
Date:
May 8, 2006
Roll
Call Number: 06-910
Action: From Sherman & Associates requesting City consideration of an amendment to the Metro Lofts project (100 2nd Avenue) to change development from approximately 70-80 condominiums with underground parking, to an estimated 105 unit apartment with underground parking similar to the Vine Street Lofts at 101 2nd Avenue. (Council Communication No. 06-270
) Moved by Hensley to receive and file, and to authorize the City Manager to negotiate with Sherman & Associates for an amendment to the Urban Renewal Development Agreement for Metro Lofts consistent with the Council Communication, for further consideration by the City Council. Motion Carried 6-1.BOARD/COMMISSION
ACTION(S): NONE