Proposed Amendment No. 10 to the 1989 Ankeny Economic Development Urban Renewal Plan (PH 2019-16)

The proposed Amendment No. 10 to the 1989 Ankeny Economic Development Urban Renewal Plan, which was last amended in 2018, includes the following updates:

• Addition of undeveloped property
• Addition of SW Des Moines Street from SW Magazine Road to SW 11th Street project

These updates are necessary for the following reasons:

• The property being added is undeveloped commercial and industrial property and includes a parcel that was recently annexed into the City.  The area is experiencing significant investment.
• The SW Des Moines Street project was advanced in the CIP and was not previously included in the urban renewal plan amendment completed in 2018.

Action: Consider motion to receive and file the report from Economic Development Director, Derek Lord, with respect to the consultation meeting held on February 12, 2019.

Action: Consider motion to adopt RESOLUTION determining an area of the City to be a blighted and economic development area, and that the rehabilitation, conservation, redevelopment, development, or a combination thereof, of such area is necessary in the interest of the public health, safety or welfare of the residents of the City; designating such area as appropriate for urban renewal projects; and adopting Amendment No. 10 to the 1989 Ankeny Economic Development Urban Renewal Plan.

Action: Consider motion to accept first consideration of Ordinance 1965, an Ordinance amending Ordinance Nos. 1039, 1189, 1423, 1446, 1741, 1943 and 1947 providing that general property taxes levied and collected each year on all property located within the Amended 1989 Ankeny Economic Development Urban Renewal Area, in the City of Ankeny, County of Polk, State of Iowa, by and for the benefit of the State of Iowa, City of Ankeny, County of Polk, Ankeny Community School District, Saydel Community School District and other Taxing Districts, be paid to a special fund for payment of principal and interest on loans, monies advanced to and indebtedness, including bonds issued or to be issued, incurred by the City in connection with the Amended 1989 Ankeny Economic Development Urban Renewal Area  (Amendment No. 10 to the 1989 Ankeny Economic Development Urban Renewal Plan).