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Stout Place Urban Revita AreaRESOLUTION NO. 48-01 A RESOLUTION SETTING A PUBLIC HEARING ON A PROPOSAL TO AMEND CITY OF DUBUQUE ORDINANCE NO. 12-98 ESTABLISHING THE STOUT PLACE URBAN REVITALIZATION AREA AS AN URBAN REVITALIZATION AREA PURSUANT TO CHAPTER 404 OF THE CODE OF IOWA. Whereas, the City of Dubuque Ordinance No. 12-98 established the Stout Place Urban Revitalization Area; and Whereas, the Stout Place Urban Revitalization Area Plan's duration will expire on March 16, 2001; and Whereas, due to a change in property ownership and resultant delay in rehabilitation of the Stout Place (Iowa Inn) development, an amendment to the Stout Place Urban Revitalization Plan is necessary to extend the duration of the plan; and Whereas, Chapter 404 of the Code of Iowa provides that a public hearing shall be held on any proposed amendment of an Urban Revitalization Area Plan. NOW, THEREFORE, BE IT ORDAiNED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA; Section 1. That a public hearing shall be set to review the FY 2002 Annual Action Plan on March 5, 2001. Section 2. That the notice of public heating shall be given according to the requirement of Chapter 404 of the Code of Iowa. Passed, approved and adopted this 5th day of February, 2001. Terrance M. Duggan, Mayor Attest: Jeanne F. Schneider, City Clerk CITY OF DUBUQUE, IOWA MEMORANDUM January 30, 2001 TO: FROM: SUBJECT: The Honorable Mayor and City Council Members Michael C. Van Milligen, City Manager Amendment to Stout Place Urban Revitalization District Iowa Inn Project Acting Commnnity and Economic Development Director Pam Myhre is recommending that a public hearing be set for March 5, 2001, on amending the City's Stout Place Urban Revitalization District. I concur with the recommendation and respectfully request Ma~yor and City Council approval. Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Tim Moerman, Assistant City Manager Pamela Myhre, Acting Community and Economic Development Director CITY OF DUBUQUE, IOWA MEMORANDUM January 30,2001 To: From: Subject: Michael C. Van Milligen, City Manager \ ~, Amendment to Stout Place Urban Revitalization District Iowa Inn Project Introduction This memorandum submits for City Council review and approval a resolution setting a public hearing to amend the City's Stout Place Urban Revitalization District. The amended plan will extend the duration of the plan and update information in the plan on property ownership and proposed rehabilitation of the property. Background The State of Iowa Urban Revitalization Act, Code of Iowa, Chapter 404, authorizes cities to designate an area of the City as a revitalization area. lmprovemunts to qualified real estate within these designated areas may then become eligible for an exemption from property taxes for a specified number of years. On November 17, 1997, the City Council adopted a Resolution of Necessity fmding that the former Iowa Inn Property is an area meeting the de£mition of blight and that redevelopment of said area is necessary in the interest of the residents of the City of Dubuque, Iowa. At the direction of City Council, staffprepared the Stout Place Urban Revitalization Area Plan. An ordinance establishing the Stout Place Urban Revitalization Area was adopted March 16, 1998. After the former owner, Iowa Housing Corporation, ceased operations, MetroPlains Development mplaced the Iowa Housing Corporation as owner and developer of the Iowa Inn Project. Discussion The plan's duration was for three years from the date of adoption of the ordinance, or tmtil the property was fully rehabilitated, whichever came fin-st. Since the plan's duration expires on March 16, 2001, it is necessary to amend the plan. The City Council has previously approved MetroPlains development proposal which included a local commitment of tax exemption. The amended plan will be reviewed by the Long Range Planning Commission at their meeting on February 21. Iowa Code Section 404 specifies that the City may subsequently amend the Urban Revitalization plan after a hearing. Recommendation The recommended action is for the City Council to adopt the attached resolution regarding public notification and set a public hearing for Monday, March 5, 2001, to amend the Stout Place Urban Revitalization Plan.