Consider motion to adopt RESOLUTION determining the necessity and setting dates of a consultation and a public hearing on a proposed amended and restated 1991 City of Ankeny Urban Renewal Plan for the City of Ankeny, State of Iowa.  (date of hrg: 3/19/18 @ 5:30 p.m.)

The proposed amended and restated 1991 Ankeny Economic Development Urban Renewal Plan, which was adopted in 1991, includes the following updates:

• Addition of proposed eligible urban renewal projects
• Updated project costs and city financial data
• Updated objectives and activities for the area
• Extension of a self imposed 20-year sunset

These updates are necessary for the following reasons:

• With new development planned for the Uptown area, potential infrastructure projects and redevelopment programs have been added 
• Proposed project costs need to be revised to reflect current cost estimates.
• More clearly defines the objectives and eligible activities, which are similar to the objectives and activities in the 1989 Urban Renewal Area. 
• Extending the self imposed sunset of the UR area by 20 years will aid the continuation of efforts to encourage reinvestment along S. Ankeny Blvd., Uptown, and First Street.