Metro Center. Urban Renewal Project

Transcription

1 Restated Urban Renewal Plan for the Metro Center Urban Renewal Project Des Moines, Ia. [Up to and including the 12 th Amendment] Approved by City Council Resolution No on Metro Center Urban Renewal Plan Page A

2 Metro Center Urban Renewal Plan Amendment Listing Adopted Beginning at Amendment Roll Call No. Date Book Page Urban Renewal Plan First Amendment /25/ Second Amendment /06/ Third Amendment /4/ Fourth Amendment /18/ Fifth Amendment /22/ Sixth Amendment /17/ Seventh Amendment /28/ Eighth Amendment /21/ Ninth Amendment /22/ Tenth Amendment /11/ Eleventh Amendment /17/ Appendix Listing Map Number Title Metro Center Urban Renewal Plan Appendix & Map Listing Approved by Most Recent Amendment # Dated A Western Gateway Goals and Guiding Principles 3 12/00 Includes Graphic titled Schematic Diagram- Western Gateway Proper 7 6/03 B Eastern Gateway District Area "1" Design Guidelines 7 6/03 C Approved Economic Development and Redevelopment Activities 11 Metro Center Urban Renewal Plan Page 0

3 Metro Center Urban Renewal Plan Map Listing Map # Title Approved by Most Recent Amendment # 1 Urban Renewal Boundary Map 10 2/11 2 Existing Zoning 10 2/11 3 Proposed Land Use Plan 10 2/11 3a Proposed Land Use Plan - Downtown 10 2/11 4 Acquisition Parcels 10 2/11 5 Disposition Parcels 10 2/11 6 Previously Designated Acquisition and Disposition Parcels 10 2/11 7 Public Facilities and Public Improvements Assisted by TIF 10 2/11 8 City of Des Moines Recognized Neighborhoods 10 2/11 9 Sub-Areas of Urban Renewal Area 10 2/11 Dated Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 1

4 I. INTRODUCTION A. Background The City s actions in furtherance of the urban renewal plans for the Riverpoint Capitol-Center Development Area Urban Renewal Project and the Capitol-Center Development Area Urban Renewal Project have resulted in the removal of large numbers of substandard and deteriorated buildings; the elimination of many blighting influences; and overcoming obsolescence in elements of the street system, patterns of land ownership, buildings and in other features of the area. In addition, substantial amounts of new office, industrial, and warehousing have been constructed. Hundreds of millions of dollars have been invested privately and tens of millions of dollars have been spent by the City and other governmental agencies to achieve the transformation that is underway. However, there is still much remaining to be done to eliminate blight and to overcome obsolescence in these areas. Recognizing the value of what has been accomplished, the City of Des Moines determined it must continue its efforts to encourage additional private investment, redevelopment, and rehabilitation of the downtown core and its surrounding areas through public action and commitment. To better achieve its goal of eliminating blight and overcoming obsolescence, the City of Des Moines merged and consolidated the Capitol-Center Development Area Urban Renewal Project and the Riverpoint Capitol- Center Development Area Urban Renewal Project into a single consolidated project to be known as the Metro Center Urban Renewal Project in March (Previously in 1993, the City combined the Riverpoint Urban Renewal Project and the Capitol-Center Development Area II Urban Renewal Project to create the Riverpoint Capitol-Center Development Area Urban Renewal Project.) The City will undertake the urban renewal actions specified in this Urban Renewal Plan for the Metro Center Urban Renewal Project (hereinafter referred to as this Plan ) within the merged and consolidated area, pursuant to the powers granted to it under the Iowa Urban Renewal Law (Chapter 403 of the Iowa Code). The separate identities of the Capitol-Center Development Area Urban Renewal Project and the Riverpoint Capitol-Center Development Area Urban Renewal Project and of the sub-areas therein, will be maintained and observed for those purposes which are aided by or in need of the separate identity, such as may required for tax increment financing and previously adopted projects. The combined areas of the two projects are treated together for planning and redevelopment purposes. Additional adjacent areas may hereafter be added to the consolidated Metro Center Urban Renewal Project Area by amendment to this Plan in accordance with the Urban Renewal Law where such addition is determined to further the planning or redevelopment objectives of the Plan. At this time, there are portions of several City recognized residential neighborhoods within the combined Urban Renewal Project Area as shown on Map 8 Neighborhoods. These neighborhoods are listed below: Metro Center Urban Renewal Plan Page 2

5 Neighborhood Neighborhood Area Location within Urban Renewal Area Sherman Hill North 1/2 block south of Woodland Avenue extending between ML King Jr. Parkway to 15th Street, and the Hoyt Sherman Place property located on the NW corner of Woodland Avenue and 15 th Street Cheatom Park Area west of 6th Avenue, south of University Avenue and north of I River Bend Located from Franklin Avenue extending to University Avenue Association, Inc. between Arlington Avenue and 5th Street on the east and 9th and 7th Streets on the west. McKinley School / Area bounded by the Raccoon River on the north and west extending Columbus Park Neighbors to East First Street on the east and Indianola Road on the south. Historic East Village Bounded by I-235 on the north, E. 14 th Street on the east and the Des Downtown Neighborhood Association Moines River on the west and south. Generally south of Grand Ave. extending from the Des Moines River west to 18 th St. with the Raccoon River as the southern boundary. Each of these neighborhoods is Recognized by the City Council as having met specified minimum standards to be formally designated as a Recognized Neighborhood. The River Bend and Sherman Hill neighborhoods are also Designated neighborhoods with an adopted Action Plan that addresses neighborhood issues and plans for the future. River Bend and Sherman Hill have and continue to receive funding for residential and commercial redevelopment and rehabilitation projects from a variety of sources including the Neighborhood Finance Corporation. It is the intent the City will contact the specified representative of a Recognized, Designated or Charter neighborhood to notify the organization if property within the neighborhood boundary is proposed for acquisition or disposition by an amendment to this Plan. The neighborhood association will be requested to submit its comments to the Council prior to the date of the public hearing on the amendment. B. Tax Increment Continuation The division of taxation authorized by Iowa Code Section and the separation of incremental taxes as defined in subsection 2 of that Section were initially implemented in the original Capitol-Center Development Area Urban Renewal Project, the Capitol-Center Development Area II Urban Renewal Project, and the Riverpoint Urban Renewal Project, and has been carried forward through the subsequent merger of the Capitol-Center Development Area II Urban Renewal Project and the Riverpoint Urban Renewal Project into what was known as the Riverpoint Capitol-Center Development Area Urban Renewal Project and the several additions to the various Project Areas. Under the terms of this Plan, the tax increment mechanisms of the former Capitol-Center Development Area Urban Renewal Project, the Capitol-Center Development Area II Urban Renewal Project and the Riverpoint Urban Renewal Project and the several additions to such Project Areas shall continue and each shall be deemed a sub-area of the merged and consolidated Project under this Plan. The Capitol-Center Development Area Urban Renewal Project, Capitol-Center Development Area II Urban Renewal Project and its sub-areas, and the Riverpoint Urban Renewal Project and its sub-areas Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 3

6 shall remain subject to Chapter 5A of the Municipal Code of the City of Des Moines with respect to the division of taxes which are to be determined and collected separately with respect to each of the subareas comprising the combined Project Area, as so amended, and when collected, such incremental taxes shall be applied subject to such liens and priorities as may exist or be from time to time provided with respect to the Metro Center Urban Renewal Project. New territory formerly not located in the urban renewal area shall be designated as specific sub-areas and be given separate beginning valuations for tax increment purposes. Nothing in this Plan shall be given effect or construed in a manner inconsistent with this subsection B. C. Maintenance of Existing Tax Increment Obligations The City of Des Moines has issued $5,200,000 of Tax Increment Urban Renewal Revenue Bonds ( Bonds ) for the Riverpoint Capitol-Center Development Area Urban Renewal Project. No action of the City including the adoption of this Plan for the combined project shall be deemed to limit or impair the City s obligation under such Bonds. The City has reserved in the bond issuance resolution the right to combine the Riverpoint Capitol-Center Development Area Urban Renewal Project with other urban renewal projects or additions thereto upon meeting certain tests. The City will fulfill all such requirements as a condition to the adoption of the combined Plan whereupon the Revenue Bonds, as well as unfunded obligations incurred under the existing plans, shall be secured by the tax increment urban renewal revenues of the Metro Center Urban Renewal Project. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 4

7 II. PLAN OBJECTIVES A. Objectives-Generally The Metro Center Urban Renewal Area contains almost all of downtown and near downtown Des Moines. Accordingly, objectives for the development of the project should be based on principles which acknowledge the fundamental function of a downtown is to facilitate face-to-face communications between people who have personal or business needs to be met. This function can best be performed by assuring that a downtown has such qualities as the following: - Completeness with a good representation of all key cultural, social, recreation, business, governmental, and related functions. - Compactness of the whole and of related functions. - Compatibility arrangements of functions, with functions needing the greatest interaction being located closest together and with separation of incompatible functions. - Good Accessibility so functions can be easily reached from outside the area. - Good Internal Connections to facilitate contact within the area. - Good nearby support of basic functions, in terms of housing, business and personal services - Livability to provide an attractive and appealing physical environment for residents. B. Objectives-More Specifically The objectives set forth below are intended to help implement these principles through a process involving public infrastructure and amenities, and attracting private investment through public incentives. 1. GENERAL a. Preserve and create an environment that will protect the health, safety, and general welfare of city residents, and maintain and expand taxable values of property within the area. b. Encourage the elimination of substandard and obsolescent buildings, blighting influences, and environmental deficiencies which detract from the functional unity, aesthetic appearance, and economic welfare of this important section of the city and establish conditions which will attract new investments and prevent the recurrence of blight and blighting conditions. c. Help assemble land into parcels that are adequate in both shape and size for development in accordance with contemporary requirements and standards. 2. ECONOMIC DEVELOPMENT a. Provide for orderly expansion of downtown Des Moines as a retail, financial, business, administrative, governmental, and cultural center of the metropolitan area and the region. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 5

8 b. Encourage and support development that will enhance and make the best possible use of riverfront, cultural, and other public facilities, resources, and investments. c. Ensure the area is adequately served with public utilities and services to support contemporary development requirements. 3. LAND USE a. Assure that streets, open spaces, building setback areas and other features are designed to high standards of efficiency, effectiveness and appealing appearance. b. Assure the availability of sites to accommodate the construction of new corporate offices and institutional and related support facilities in an attractive environment within walking distance of the downtown core. c. Encourage intensive, coordinated, mixed-use development of commercial, residential, and parking facilities that will help assure the most efficient and effective use of available land and related public and private investments. d. Assure the availability of sites to accommodate the construction of new support commercial/service uses and light industrial uses in an attractive campus-like environment within walking distance of the downtown core. e. Provide facilities that will help meet the convenience retail, recreation, educational, and cultural needs of persons who work and live in and near the project area. f. Provide facilities that will enhance the use and enjoyment of the Des Moines and Raccoon riverfronts and City parks by persons who work and live in the area as well as Des Moines residents and visitors to the downtown. g. Provide affordable public day-care facilities in support of downtown core functions. h. Provide a variety of locations to serve the different housing markets within the area. 4. TRAFFIC AND CIRCULATION a. Make improvements to the street system that will divert heavy through-traffic from the downtown core and improve circulation into and around the downtown. b. Improve the efficiency and attractiveness of major streets that provide access to the downtown. c. Provide a system of pedestrian and bicycle routes supplementing the street system to assure the safest and best possible access to community facilities and services, to interconnect the various residential portions of the areas and to provide linkages to the river park system. c. Encourage the coordinated development of parcels and structures to achieve efficient building design and the provision of adequate parking, truck loading and service access. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 6

9 d. Provide major parking space and transit facilities at the perimeter of the downtown core to intercept incoming traffic and to reduce the intrusion of parking facilities into the downtown core and nearby residential, commercial and institutional areas. e. Provide for the logical, orderly and efficient extension of the skyway system within limits of reasonable walking distance from the center of the downtown core. f. Provide a system of pedestrian routes and internal pedestrian linkages supplementing the skywalk facilities and developing logical and efficient connections to the skywalk system. 5. HOUSING : Encourage the development, rehabilitation and renovation of affordable and market-rate housing in decent, safe and sanitary conditions in attractive settings to serve employees and other people who would like to live in the downtown area and near-downtown areas. 6. HISTORIC PRESERVATION a. Support the maintenance and rehabilitation of sound existing structures and the preservation of properties of architectural and/or historic merit. a. Encourage the preservation of residential areas of local historic significance. c. Preserve designated historic residential preservation areas and impose appropriate restrictions and controls on such areas. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 7

10 III. LEGAL DESCRIPTION The Metro Center Urban Renewal Project is comprised of a number of sub-areas that were individually designated as urban renewal areas or as additions to urban renewal areas. The sub-areas are separately named for identification purposes. The full right-of-way of streets and public ways within or along the sub-area descriptions shall be included within the Urban Renewal Project Area. The sub-areas, shown on Map 9 Sub-Areas, and their legal descriptions within the Metro Center Urban Renewal Project are: A. CAPITOL-CENTER DEVELOPMENT AREA II - AREA A That part of the City of Des Moines, Polk County, Iowa described as follows: Beginning at the intersection of the northerly right-of-way line of Grand Avenue and the easterly right-ofway line of Second Avenue, thence west along the northerly right-of-way line of Grand Avenue to its intersection with the westerly right-of-way line of Eighth Street, thence south along the westerly right-ofway line of Eighth Street to its intersection within the center line of the old Rock Island Railroad mainline, thence west along the center line of the old Rock Island Railroad mainline to its intersection with the easterly right-of-way line of Eleventh Street, thence north along the easterly right-of-way line of Eleventh Street to the point of intersection with the northerly right-of-way line of High Street, thence east from said point along the northerly right-of-way line of High Street to the intersection with the westerly right-of-way line of Tenth Street, thence north along the westerly right-of-way line of Tenth Street to the intersection of the southerly right-of-way line of Woodland Avenue, thence east along the projection of the southerly right-of-way line of Woodland Avenue to the point of intersection with the easterly right-of-way line of Tenth Street, thence north from said point along the easterly right-of-way line of Tenth Street to the intersection of the southerly right-of-way line of Pleasant Street, thence east along the southerly right-ofway line of Pleasant Street to the point of intersection with the projection of the west line of Lot 12, Methodist Plat No. 1, thence northerly along said projected west line of said Lot 12 to the northerly rightof-way line of Pleasant Street, thence east along the northerly right-of-way line of Pleasant Street to the intersection of the westerly right-of-way line of Ninth Street, thence north along the westerly right-of-way line of Ninth Street to its intersection with a point twenty (20) feet south of the north line of said Lot 12 of Methodist Plat No. 1, thence east along a projection of a line twenty (20) feet south of and parallel to the north line of said Lot 12 to the point of intersection of the easterly right-of-way line of Ninth Street, thence north along the easterly right-of-way line of Ninth Street to the intersection of the northerly right-of-way line of Keosauqua Way, thence northerly and westerly along said northerly right-of-way line of Keosauqua Way to the intersection with the southerly right-of-way line of Crocker Street, thence east along the southerly right-of-way line of Crocker Street to the intersection of the easterly right-of-way line of Ninth Street, thence north along the easterly right-of-way line of Ninth Street to the intersection of the northerly right-of-way line of School Street, thence east along the northerly right-of-way line of School Street to the intersection of the easterly right-of-way line of Sixth Avenue, thence south along the easterly right-of-way line of Sixth Avenue to the intersection with the northerly right-of-way line of Crocker Street, thence east along the northerly right-of-way line of Crocker Street to the intersection of the westerly right-of-way line of Fifth Avenue, thence north along the westerly right-of-way line of Fifth Avenue to the point of intersection of the westerly projection of the north line of Lot 1, Block F, River Hills Plat 1, thence east along the projected north line of said Lot 1 to the intersection of the easterly right-of-way line of Third Street, thence south along the easterly right-of-way line of Third Street to the intersection of the northerly right-of-way line of Keosauqua Way, thence east along the northerly right-of-way line of Keosauqua Way to the point of intersection with the easterly right-of-way line of Second Avenue, thence south from said point along the easterly right-of-way line of Second Avenue to the point of beginning. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 8

11 B. CAPITOL-CENTER DEVELOPMENT AREA II - AREA B That part of the City of Des Moines, Polk County, Iowa described as follows: Beginning at the intersection of the North Right-of-Way Line of School Street and the East Right-of- Way Line of 9th Street; thence southerly along the northerly extension of and the East Right-of-Way Line of 9th Street and the southerly extension of said Right-of-Way Line to the South Right-of-Way Line of Crocker Street; thence westerly along the westerly extension and the South Right-of-Way Line of Crocker Street to the East Right-of-Way Line of Keosauqua Way; thence northwesterly along said East Right-of-Way Line of Keosauqua Way to the East Right-of-Way Line of the Keosauqua/I- 235 Intersection; thence North along said East Right-of-Way Line of the Keosauqua/I-235 Intersection; thence East along the south Right-of-Way Line of the Keosauqua/I-235 Intersection to the West Right-of-Way Line of 12th Place; thence North along said West Right-of-Way Line and the northerly extension of the West Right-of-Way Line of 12th Place to the North Right-of-Way Line of School Street; thence East along the North Right-of-Way Line of School Street to the point of beginning. C. CAPITOL-CENTER DEVELOPMENT AREA II - AREA C That part of the City of Des Moines, Polk County, Iowa described as follows: Beginning at the intersection of the westerly right-of-way line of 3rd Street and the South line of Lot G. River Hills Plat 1, an Official Plat; thence easterly along the southerly line of said Lot G to its intersection with the Right (west) bank of the Des Moines River; thence South along said Right bank to its intersection with the northerly right-of-way line of Grand Avenue extended easterly; thence westerly along the northerly right-of-way of Grand Avenue to its intersection with the East right-ofline of 2nd Avenue extended southerly; thence northerly along the East right-of-way line of 2nd Avenue to its intersection with the easterly extension of the North right-of-way line of Keosauqua Way; thence West along the easterly extension of the North right-of-way line of Keosauqua Way to the West right-of-way line of 3rd Street; thence North along the West right-of-way line of 3rd Street to the point of beginning. D. CAPITOL-CENTER DEVELOPMENT AREA II - AREA D That part of the City of Des Moines, Polk County, Iowa described as follows: Block E, Lot M (except the East 80 feet thereof) and that part of Lot G South of the North lot line of said Lot M extended West, River Hills Plat 1, an Official Plat. E. RIVERPOINT AREA A That part of the City of Des Moines, Polk County, Iowa described as follows: Beginning at the intersection of the southerly right-of-way line of East Court Avenue and the easterly right-of-way line of East 7th Street; thence East along the southerly right-of-way line of East Court Avenue to its intersection with the East right-of-way line of vacated East 8th Street; thence southerly along the East right-of-way of vacated 8th Street to a point 47.0 feet South of the South right-of-way line of East Court Avenue; thence southeasterly along a straight line to the Northwest corner of Lot 1, Block 22, Official Plat of Lots 3 through 8, Town of Des Moines, an Official Plat; thence southeasterly along a straight line to a point on the East right-of-way line of vacated East 11th Street, said point being feet South of the Northwest corner of Lot 3, Block 23, Official Plat of Lots 3 through 8, Town of Des Moines, an Official Plat; thence easterly along a straight line to a point on the East lot line and 3.0 feet North of the southwest corner of Lot 8, of said Block 23; thence southerly to the southwest corner of said Lot 8; thence easterly to the Southeast corner of said Lot 8; thence Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 9

12 southeasterly along a straight line to the Northwest corner of Lot 9, of the Official Plat of Lot 1, of the Official Plat of the East 1/2 of the Southeast 1/4 of Section 3, Township 78 North, Range 24 West of the 5th P.M. the South feet of the West 1/4 of Lot 31, Brooks and Company s Addition, an Official Plat; thence southerly to the Southwest corner of said Lot 9; thence easterly along the South lot lines of Lots 9, 10, 30, 31 and 55 of said Official Plat of said Lot 1 to its intersection with the East line of the Southeast 1/4 of said Section 3; thence southerly along said East line of said Section 3 and along the East line of the Northeast 1/4 of Section 10, Township 78 North, Range 24 West of the 5th P.M. to its intersection with the northeasterly projection of the South right-of-way line of Scott Street; thence southwesterly along said projected South right-of-way line of Scott Street and along the South right-of-way line of Scott Street to its intersection with the East bank of the Des Moines River; thence northwesterly along the East bank of the Des Moines River to the point of its intersection with the southerly side of the Scott Street Bridge; thence southwesterly along the southerly side of the Scott Street Bridge to a point of its intersection with the West bank of the Des Moines River; thence southeasterly along said West bank of the Des Moines River to the point of its intersection with the northeasterly projection of the southeasterly right-of-way line of Southeast 1st Street; thence southwesterly along said projected southeasterly right-of-way line of Southeast 1st Street and along the southeasterly right-of-way line of Southeast 1st Street to a point of its intersection with the center line of the Chicago and Great Western Railroad right-of-way; thence southwesterly along said center line of the Chicago and Great Western Railroad right-of-way to a point of its intersection with the easterly right-of-way line of Southwest 1st Street; thence southwesterly along the easterly right-ofway line of Southwest 1st Street to its intersection with the southerly right-of-way line of Indianola Avenue; thence northwesterly and westerly along the South right-of-way line of Indianola Avenue and along the southerly right-of-way line of Clifton Avenue, to its intersection with the southerly projection of the westerly right-of-way line of Southwest 7th Street; thence northwesterly along said southerly projected westerly right-of-way line of Southwest 7th Street and the westerly right-of-way line of Southwest 7th Street to its intersection with the southerly bank of the Raccoon River; thence southwesterly and westerly along said South bank of the Raccoon River to its intersection with the South line of Government Lot 11, West of the Raccoon River of Section 8, Township 78 North, Range 24 West of the 5th P.M. an Official Plat; thence westerly along South line of said Government Lot 11 and the westerly projection of the South line of said Government Lot 11 to a point 33 feet West of the center line of said Section 8; thence northerly and 33.0 feet West of and parallel with the center line of said Section 8 to its intersection with the South line of Lot 1, of the Official Plat of the Northwest 1/4 of said Section 8; thence southeasterly along the South line of said Lot 1, 75.0 feet West of the East line of said Lot 1; thence northerly and 75.0 feet West of and parallel with the East line of said Lot 1, feet South of the North line of said Lot 1; thence westerly 18.0 feet and feet South of the North line of said Lot 1; thence northerly feet and 93.0 feet West of the Northeast corner of said Lot 1 to the North line of said Lot 1 and the South right-of-way line of Grand Avenue; thence northwesterly to the North right-of-way line of Grand Avenue which is 40.0 feet North of and feet West of the Southeast corner of Lot 9, of the Official Plat of the Southwest 1/4 of Section 5, Township 78 North, Range 24 West of the 5th P.M., an Official Plat; thence northerly along a line feet West of and parallel with the East line of said Lot 9 and along the northerly projection of said line to the North right-of-way line of Ingersoll Avenue; thence easterly along the North right-of-way line of Ingersoll Avenue and the easterly projected North right-of-way line of Ingersoll Avenue and its projections to its intersection with the northwesterly projection of the easterly right-of-way line of 16th Street; thence southeasterly along said northwesterly projected easterly right-of-way line of 16th Street and the easterly right-of-way line of 16th Street to its intersection with the North right-of-way line of Falcon Drive thence easterly along the North right-ofway line of Falcon Drive and its easterly projections to its intersection with the northwesterly projection of the East right-of-way line of 13th Street; thence southeasterly along said northwesterly Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 10

13 projected East right-of-way line of 13th Street and the East right-of-way of 13th Street to its intersection with the South right-of-way line of Cherry Street; thence easterly along the South rightof-way line of Cherry Street and its projected South right-of-way line to its intersection with the East right-of-way line of 11th Street; thence southeasterly along the East right-of-way line of 11th Street to its intersection with the center line of the Iowa Interstate Railroad Mainline (formerly known as Rock Island Railroad); thence easterly along the center line of the Iowa Interstate Railroad Mainline (formerly known as Rock Island Railroad) to its intersection with the southerly projection of the westerly right-of-way line of 8th Street; thence northerly along the southerly projection of the westerly right-of-way line of 8th Street to the westerly right-of-way line of 8th Street to its intersection within the center line of the Des Moines Union Railroad Mainline; thence easterly along the center line of the Des Moines Union Railroad Mainline to its intersection with the easterly rightof-way line of East 7th Street; thence northerly along the easterly right-of-way line of East 7th Street to its intersection with the southerly right-of-way line of East Court Avenue, to the point of beginning. F. RIVERPOINT AREA B That part of the City of Des Moines, Polk County, Iowa, described as follows: Bounded on the North by the South Right-of-Way Line of East Scott Street, bounded on the East by the Center Line of Southeast 14th Street, bounded on the South and West by the Right (south) Bank of the Des Moines River. G. RIVERPOINT AREA C That part of the City of Des Moines, Polk County, Iowa, described as follows: Beginning at the intersection of the southerly right-of-way line of the Chicago Great Western Railroad with the easterly right-of-way line of Southeast 1st Street; thence southerly along the easterly right-ofway line of Southeast 1st Street to the southerly right-of-way line of East Edison Street; thence easterly along the southerly right-of-way line of East Edison Street to the westerly right-of-way line of Southeast 2nd Street; thence southerly along the westerly right-of-way line of Southeast 2nd Street to the westerly extension of the southerly right-of-way line of the East/West alley lying South of and adjoining Lots 1 through 6, inclusive, Block 6, Clifton Heights, an Official Plat; thence easterly along the westerly extension of the southerly right-of-way line of said East/West alley to the westerly rightof-way line of Southeast 2nd Court; thence southerly along the westerly right-of-way line of Southeast 2nd Court and the westerly line of Lot 2, Millsap Subdivision, an Official Plat, to the North line of Lot 6, Official Plat of the West 1/2 of Section 10, Township 78 North, Range 24 West of the 5th P.M.; thence West along the North line of said Lot 6 extended westerly to the southerly right-of-way line of East Indianola Avenue; thence westerly along the southerly right-of-way line of East Indianola Avenue to its intersection with the southerly extension of the westerly right-of-way line of Southwest 1st Street; thence northerly along the westerly right-of-way line of Southwest 1st Street to the southerly right-of-way line of the Chicago Great Western Railroad; thence northeasterly along the southerly right-of-way line of the Chicago Great Western Railroad to the point of beginning. H. CAPITOL-CENTER III - AREA A That part of the City of Des Moines, Polk County, Iowa described as follows: Beginning at the intersection of the northerly right-of-way line of Keosauqua Way with the East rightof-way line of 9th Street, extended North; thence South along the East right-of-way line of 9th Street and its northerly extension to the South right-of-way line of Chestnut Street extended East; thence West along the extended South right-of-way line of Chestnut Street to the West right-of-way line of 9th Street; thence South along the West right-of-way line of 9th Street to the North right-of-way line Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 11

14 of Pleasant Street; thence West along the North right-of-way line of Pleasant Street to the West lot line of Lot 12, Methodist Plat No. 1, an Official Plat; thence South along the extended West lot line of said Lot 12 to the center line of Pleasant Street; thence West along the center line of Pleasant Street to the East right-of-way line of 10th Street extended North; thence South along the East right-of-way line of 10th Street and its northerly extension to the South right-of-way line of Woodland Avenue extended East; thence West along the easterly extension of the South right-of-way line of Woodland Avenue to the West right-of-way line of 10th Street; thence South along the West right-of-way line of 10th Street to the North right-of-way line of Eighth Street; thence West along the North right-of-way line of High Street to the East right-of-way line of 11th Street extended North; thence South along the East right-of-way line of 11th Street and its northerly extension to the South right-of-way line of Cherry Street; thence West along the South right-of-way line of Cherry Street and its easterly extension to the East right-of-way line of 13th Street extended South; thence North along the East right-of-way line of 13th Street and its southerly extension to the North right-of-way line of Falcon Drive extended East; thence West along the North right-of-way line of Falcon Drive and its easterly extension to the East right-of-way line of 16th Street; thence North along the East right-of-way line of 16th Street to the North right-of-way line of Ingersoll Avenue; thence West along the North right-ofway line of Ingersoll Avenue and its westerly extension to the center line of Martin Luther King Jr. Parkway (formerly Harding Road); thence North along the center line of Martin Luther King Jr. Parkway to the North right-of-way line of Woodland Avenue extended West; thence East along the North right-of-way line of Woodland Avenue and its westerly and easterly extensions to the center line of 16th Street; thence North along the center line of 16th Street to the North lot line of Lots 18 and 7 Sherman Place, an Official Plat extended West; thence East along the North lot line of said Lots 18 and 7 and their westerly extension to the West right-of-way line of 15th Street; thence North along the West right-of-way line of 15th Street to the North right-of-way line of Center Street; and its westerly extension, said line also being the South lot line of Lots 1 and 2, Oakridge Plat No. 1, an Official Plat, and Lots 2, 3 and 6, Oakridge Plat No. 3, an Official Plat to the southeasterly corner of said Lot 6; thence North along the East lot line of said Lot 6 and the East lot line of Lot 5, in said Oakridge Plat No. 3 to the northeasterly corner of said Lot 5; thence northwesterly along the northerly line of said Oakridge Plat Nos. 1 and 3 to the northeasterly corner of Lot 6, in said Oakridge Plat No. 1, said point also being on the South right-of-way line of Interstate 235; thence in a straight line easterly to the Northwest corner of Lot K, Grass Roots 1 an Official Plat 1; thence South along the West line of Lots K and N, Grass Roots I to the North lot line of Lot 7, Block 7, Grass Roots I; thence West along the North lot line of said Lot 7 to the Northwest corner of said Lot 7; thence South along the West lot line of said Lot 7 to the northerly right-of-way line of Keosauqua Way; thence southeasterly along the northerly right-of-way line of Keosauqua Way to the Point of beginning. I. SIXTH AVENUE That part of the City of Des Moines, Polk County, Iowa described as follows: Beginning at the Northeast corner of Lot 1, Block 10, Polk County Homestead and Trust Co.'s Addition, an Official Plat, of the Southwest 1/4 of the Northeast 1/4 of Section 34, Township 79 North, Range 24 West of the 5th P.M., also being on the South right-of-way line of Franklin Avenue and the West right-of-way line of Seventh Street; thence East along the South right-of-way line of Franklin Avenue and its easterly extension to the East right-of-way line of Oakland Avenue, being the Northwest corner of Lot 36, Oakland Park, an Official Plat; thence South along the East right-of-way line and its southerly extension to the South right-of-way line of College Avenue and being 5.0 feet West of the Northwest corner of Lot 63, Bates Addition, an Official Plat; thence West along the South right-of-way line and its westerly extension to the East right-of-way line of Fifth Avenue, being the Northwest corner of Lot 25 of said Bates Addition; thence South along the East right of way line of Fifth Avenue and its southerly extension to the Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 12

15 South right-of-way line of University Avenue; thence northwesterly along the South right-of-way line of University Avenue to the East right-of-way line of Sixth Avenue; thence South along the East right-of-way line of Sixth Avenue and its southerly extension to the North right-of-way line of School Street; thence West along the easterly extension of the North right-of-way line and the North right-of-line of School Street to the West right-of-way line of seventh Street; thence North along the West right-of-way line of Seventh Street to a point being feet South of the South right-of-way line of University Avenue also being the South line of the North 7.7 feet of Lot 5 of the Official Plat of the Northeast 1/4 of the Northwest 1/4 of Section 4, Township 78 North, Range 24 West of the 5th PM.; thence West along a straight line of the East right-of-way line of 8th Street also being 6.4 feet North of the South line of Lot 9 of the Official Plat of said Section 4; thence North along the East right-of-way line of 8th Street to the South right-of-way line of University Avenue, also being the Northwest corner of Lot 48, North Park, an Official Plat; thence West along the South right-of-way line of University Avenue and it westerly extension to the West right-of-way line of 9th Street; thence North along the West right-of-way line of 9th Street and its northerly extension to the intersection of the westerly extension of the North right-of-way line of Indiana Avenue; thence East along the westerly extension of the North right-of-way line of Indiana Avenue to the Southwest corner of Lot 10 of said North Park; thence continuing East along the North right-of-way line of Indiana Avenue and it easterly extension to the East right-of-way line 8th Street being the Southwest corner of Lot 56 of said North Park; thence North along the East right-of-way line of 8th Street and its northerly extension to the North line of Forest Avenue, being the Southeast corner of Lot 1, Butt's Subdivision, an Official Plat; thence East along the North right-of-way line of Forest Avenue and its easterly extension to the West right of way line of Seventh Street, being the Southeast corner of Lot 46 of the Official Plat of Government Lot 3 of Section 34, Township 79 North Range 24 West of the 5th P.M.; thence North along the West right-of-way line of Seventh Street to the Northeast corner of Lot 13, E. M. Kelsey's Subdivision, an Official Plat,; thence northwesterly to the Northwest corner of Seventh Street and Clark Street, being on the North right-of-way line of Clark Street and the West right-of-way line of Seventh Street; thence North along the West right-of-way line of Seventh Street and its northerly extension to the South right-of-way line of Franklin Avenue and the point of beginning. J. CAPITOL-CENTER That part of the City of Des Moines, Polk County, Iowa originally described as follows: Beginning at the intersection of the northerly right-of-line of Grand Avenue and the westerly rightof-way line of Eighth Street, thence south along the westerly right-of-way line of Eighth Street to its intersection within the center line of the Des Moines Union Railroad; thence east along the center line of the Des Moines Union Railroad mainline to its intersection with the easterly right-of-way line of East Seventh Street to its intersection with the southerly right-of-way line of the alley south of Locust Street; thence east along the southerly right-of-way line of the alley south of Locust Street to its intersection with the westerly property line of the State Capitol grounds to its intersection with the southerly right-of-way line of Locust Street; thence west along the southerly right-of-way line of Locust Street to its intersection with the easterly right-of-way line of Pennsylvania Avenue; thence north along the easterly right-of-way line of Pennsylvania Avenue to its intersection with the southerly right-of-way line of Des Moines Street to its intersection with the westerly right-of-way line of East First Street; thence north along the westerly right-of-way line of East First Street to its intersection with the southerly boundary of the River Hills Urban Renewal Project, thence west and south along the southerly boundary line of the River Hills Urban Renewal Project to its intersection of the northerly right-of-way line of Grand Avenue; thence west along the northerly right-of-way Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 13

16 line of Grand Avenue to its intersection with the westerly right-of-way line of Eighth Street which is the point of beginning The Capitol Center sub-area may also be described as follows: Beginning at the intersection of the Northerly right-of-line of Grand Avenue and the Westerly rightof-way line of Eighth Street, thence Southerly along said Westerly right-of-way line of Eighth Street to the center line of the former Des Moines Union Railroad, now the Norfolk & Southern Railroad; thence Easterly along said center line to the Easterly right-of-way line of East Seventh Street; thence Northerly along said Easterly right of way line to the Southerly right-of-way line of the 10 foot wide East-West alley South East Locust Street; thence Easterly along said Southerly line to the Westerly property line of the State Capitol grounds, also being the Easterly line of the North-South alley in Block H, Griffith s Addition to East Fort Des Moines, an Official Plat; thence Northerly along said Easterly line to the Southerly right-of-way line of East Locust Street; thence Westerly along said Southerly right-of-way line to the Easterly right of way line of Pennsylvania Avenue; thence Northerly along said Easterly line to the Southerly right-of-way line of Des Moines Street ; thence Westerly along said Southerly line to the Westerly right-of-way line of East First Street; thence Northerly along said Westerly line 190 feet; thence West along a line perpendicular to the East line of East First Street to the West property line of the Armory; thence South along said West property line to the South line of said Des Moines Street extended; thence West along said South line extended to the East bank of the Des Moines River; thence South along said East bank to the Northerly right of way line of East Grand Avenue, thence Westerly along said Northerly line to the Westerly right of way line of Eighth Street and the Point of Beginning. K. River Hills 2011 Beginning at the northeast corner of the south half of Lot 11 of Block 21 of Central Place, an Official Plat, being on the north right-of-way line of University Avenue; thence east along a line parallel with the south line of the Southwest Quarter of Section 35, Township 79 North, Range 24 West of the 5 th Principal Meridian ( P.M.) to its intersection with the northerly extension of the east right-of-way line of East 6 th Street; thence southerly along the east right-of-way line of East 6 th Street and its northerly extension to its intersection with the south right-of-way line of vacated Filmore Street; thence west along the south right-of-way line of vacated Filmore Street to the northwest corner of Lot 5 of River Hills Plat Four, an Official Plat, said northwest corner also being on the easterly line of Lot 6 of River Hills Plat Four; thence southerly along the easterly line of said Lot 6 to the northerly right-of way line of Interstate Highway 235, as presently established; thence southerly to the northwest corner of Lot 1 of Block D of River Hills Plat Three, an Official Plat, also being on the southerly right-of-way line of Interstate highway 235; thence southeasterly along the northeasterly and easterly line of said Lot 1 and its continuation as the westerly right-of way line of East 6 th Street to its intersection with the southerly right-of-way line of Des Moines Street; thence westerly along the southerly right-ofway line of Des Moines Street, also being the north boundary of the Capitol-Center Urban Renewal Sub-Area of the Metro Center Urban Renewal Area, to its intersection with the westerly right-of-way line of East 1 st Street, now known of Robert D. Ray Drive; thence north along the westerly right-ofway line of Robert D. Ray Drive to its intersection with the southerly line of Lot 5 of Block D of said River Hills Plat Three, also being on the southerly boundary of River Hills Urban Renewal project ; thence west along a line perpendicular to the westerly right-of-way line of Robert D. Ray Drive to its intersection with the east bank of the Des Moines River; thence south along the east bank of the Des Moines River to its intersection with the northerly right-of-way line of Grand Avenue; thence west along the northerly right-of-way line of Grand Avenue to its intersection with the west bank of the Des Moines River; thence north along the west bank of the Des Moines River to its intersection with Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 14

17 the southerly line of Lot G of River Hills Plat One, an Official Plat, also being on the southerly rightof-way line of Interstate Highway 235; thence westerly along the southerly line of said Lot G (Interstate Highway 235) to the northeast corner of Lot O ( 2 nd Avenue) of said River Hills Plat One; thence northeasterly to the southeast corner of Lot 3 of River Hills Plat Five, an official plat, also being on the northerly right-of-way line of Interstate Highway 235; thence northeasterly along the easterly line of said Lot 3 to the southeast corner of Lot A ( Illinois Street) of said River Hills Plat Five; thence northwesterly and northeasterly along the westerly line of said Lot A to the northwest corner of said Lot A, being on the south right-of-way line of University Avenue as presently established; thence east along the north line of said Lot A to its intersection with the southerly extension of the east line of Block 21 of said Central Place; thence north along the east line of said Block 21 and its southerly extension to the point of beginning. The described subarea includes two portions of University Avenue right-of-way that are currently located within the described area of the Central Place Urban Renewal Project tax increment district. It is the intent of the City that these overlapping portions of right-of-way are to be considered exclusively part of the Metro Center Urban Renewal Project tax increment district. It is also the intent of the City to remove these overlapping areas from the Central Place Urban Renewal Project tax increment district at the time of a future amendment to the Central Place Urban Renewal Plan. L. STREETS and PUBLIC WAYS The full right-of-way of streets and public ways within or along the above sub-area descriptions shall be included within the Urban Renewal Project Area. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 15

18 IV. PROPOSED LAND USE PLAN A. MAPS The current zoning within the Metro Center Urban Renewal Area is indicated on Map 2-Existing Zoning. The proposed land uses and general major street configurations are identified on Map 3- Proposed Land Use Plan. Major land use categories included within the urban renewal area are described in Section B, Land Use Provisions B. LAND USE PROVISIONS (Standards and Controls) The provisions related to the land use categories -- shown on the Map 3- Proposed Land Use Plan Map 3- Proposed Land Use Plan -- are more specifically described in the adopted zoning ordinance and comprehensive land use plan are as described below. References to Ordinance are to the City of Des Moines Zoning Ordinance. The City may adopt, by resolution, additional standards and controls for projects assisted by the Metro Center Urban Renewal Plan. Use Medium Density Residential High Density Residential Residential Historic Preservation Area Commercial Recreation/ Open Space Public and Semi-Public Retail and Office Core Limited Industrial Support Commercial Function in the Metro Center Urban Renewal Area Medium density residential development easily accessible to the downtown core. High-density residential development easily accessible to the downtown core. Encourage preservation and enhancement of residential National Register and locallydesignated historic neighborhoods. Commercial development along SE 14th St., Ingersoll Ave. and 6 th Ave. Major open space and recreation purposes, preservation of natural and scenic resources and other river-oriented amenities. Includes institutional uses for cultural, educational, medical, recreational, governmental or other activities strongly vested with public importance. Serves as an extension of the high-density downtown core of pedestrian-oriented shopping and office functions. Major concentrations of light industrial uses of non-nuisance variety. Commercial, retail and office type uses supportive and serve needs of Downtown Core Permitted Uses Residential uses conforming with the Residential regulations contained in the Ordinance. Residential uses conformity with the R-4 or PUD District regulations contained in the Ordinance Uses in conformity with R-HD of the Ordinance Commercial uses conforming to C-2 or NPC Ordinance regulations. Open space, conservation, and active/passive recreation-related uses permitted. Supportive and commercial uses accessory and incidental to the primary use located on the same property are permitted. A broad range of compatible retail and service uses are permitted as well as office, off-street structured parking, transient lodging, housing as part of mixed development with other permitted uses, convention facilities and public meeting areas. Uses in compliance with the M-3 C-3A or C-3 zoning classifications except no new residential permitted unless accessory to permitted principal use. Uses permitted under the C-3A District zoning classification. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 16

19 Use High Density Residential/ Limited Commercial High Amenity Office/ Institutional Intensive Mixed-Use Office / Residential Function in the Metro Center Urban Renewal Area High-density housing, neighborhood facilities including recreation, cultural, educational and commercial and incidental office functions in planned, coordinated relationships. Uses are intended to strengthen and complement the facilities in the retail and office core area and to provide attractive sites for freestanding buildings for office, institutional, cultural, recreation, and hotels which require individual identity, and compatible and supporting retail service facilities. The intent is to make intensive use of sites in key locations, assure the provision of adequate parking, provide significant quantities of close-in, highdensity housing and to provide a planned, orderly transition between residential and non-residential uses. Accommodate mixtures of office, residential, parking and retail facilities and in carefully planned, large-scale projects compatible with downtown office and commercial functions and adjacent residential and institutional development. Permitted Uses A variety of uses may be permitted subject to review to assure compatibility and co-ordination of functions. Residential. Multiple dwellings in townhouse, lowrise, or high-rise apartment configurations, freestanding or in combination with other uses. Support Facilities. Daycare, nursery, educational facilities, libraries, club and meeting facilities, laundries, craft shops, recreation, and similar facilities in support of residential use. Related Uses. Retirement housing, club, group residences, apartment hotels, restaurants, and related support facilities. Parking. Parking to serve off-site uses may be permitted if provided in a structure and integrated into the design of parking serving on-site functions. Surface parking may be provided only as an accessory to uses permitted within this use category. Incidental Retail. Retail convenience and services shops designed primarily to serve occupants of the building or building complex in which they are located, provided: --The building contains at least 100 dwelling units. --Retail or service functions shall be located on the first floor or lower levels. --The total area devoted to these uses shall not exceed 25% of the gross floor area of the first floor. Retail trade and services. Facilities that serve the dayto-day needs of area and adjacent area residents, employees and businesses. Offices. Professional administration offices and headquarters; insurance, finance, and real estate offices; professional and business services, and similar compatible uses. Off-street structure and surface parking. Other. Transient lodging and housing incidental to other uses, civic, cultural and institutional activities including administrative headquarters, public assembly and convention facilities. A broad range of retail, office, residential and service facilities are permitted which organize functions to assure compatibility and mutual reinforcement Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 17

20 V. PROJECT PROPOSALS A. The City of Des Moines shall take actions necessary to achieve the objectives of this Plan. These actions may include but are not limited to the following: 1. Continuing planning, oversight and administration, The City, through assigned City staff and other available resources, shall provide ongoing planning, oversight and administration of the Metro Center Urban Renewal Project to achieve the Plan objectives for elimination of slum and blighted conditions, economic development, land use, traffic and circulation and historic preservation. The City shall continue planning to assess and respond to the problems, needs and opportunities of the project area through additional technical studies, through the preparation of more detailed plans, through discussions with property owners, prospective developers, citizens, and public officials, and through various engineering, economic, design, and related studies. This effort may result in the publication, from time to time, of additional reports, regulations and guidelines, project plans, or other documents that aid in defining the objectives of this Plan. The City shall continue to planning assess and respond to the problems, needs and opportunities of the project area through additional technical studies, through the preparation of more detailed plans, through discussions with property owners, prospective developers, citizens, and public officials, and through various engineering, economic, design, and related studies. This effort may result in the publication, from time to time, of additional reports, regulations and guidelines, project plans, or other documents that aid in defining the objectives of this Plan. The City will also participate in planning efforts with other public and private interests where these will further help to accomplish the objectives of this Plan. The City will be responsible for reviewing planning proposals and for coordinating such proposals so as to implement the objectives of this Plan. The City will take the initiative to bring zoning and other regulations and plans for public facilities into conformance with this Plan. The ongoing planning, oversight and administration of the Project to be provided by assigned City staff and other available resources further includes, but it not limited to, preparing land for a redevelopment, soliciting development proposals and negotiating with prospective developers, supporting efforts to rehabilitate structures, establishing and enforcing land use requirements for redevelopers, planning and programming to assure the provision of adequate parking, assisting the provision, maintenance, improvement and repair of public improvements and the soliciting, packaging and administering of economic development proposals. 2. Information and technical assistance. The City shall prepare and disseminate informational materials and will provide technical assistance where appropriate to property owners, prospective developers, and occupants of the project area. The City may cooperate in the preparation of development proposals, help to coordinate proposals for various parts of the area, help to obtain approvals and assistance from other levels of government, and prepare educational and informational documents which aid in the achievement of the objectives of this Plan. 3. Provision of public services. The City shall provide optimum appropriate levels of public services throughout the redevelopment project area as required to support and encourage achievement of the objectives of this Plan. These may include police, fire, health, social, recreation, insurance, counseling, and other types of services. Additionally, the City may take Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 18

21 administrative actions that expedite the review of and action on development proposals. 4. Funding. a. The City shall actively pursue sources of funding which will assist in the achievement of the objectives of this Plan. This pursuit may include but shall not be limited to bond issues, loans, grants, general fund expenditures, tax increment financing, special assessments, participation in federal programs, joint exercises with other units of government, cooperation and coordination in joint development mixed-use projects with private and public agents, sale of property or services, revenue financing, tax abatement, and solicitation of developer offerings. b. Tax increment continuation shall be deemed an element of the Plan. Tax increment funding shall be available for project proposals and activities. c. The City shall pursue appropriate agreements with Polk County to provide County funding and assistance for the planning, undertaking and carrying out of project proposals. 5. Preparation of land for redevelopment. The City shall undertake a variety of actions to help prepare land for redevelopment. These actions may include: a. Land acquisition: Specific properties to be acquired are identified on Map 4 -Property Acquisition and Right-of-Way Vacation. Properties previously identified for acquisition in former urban renewal plans are shown on Map 6 Previously Designated Acquisition and Disposition Parcels. Additional properties to be acquired will be identified through a process involving additional planning, analysis and a process of review and amendment as set forth in Section VI. Property may be acquired in the project area for the following purposes: (1) To remove buildings which are structurally substandard. (2) To remove buildings that are exerting a blighting influence on the area. Such influences include, but are not limited to, the following: (a) Incompatible land-use relationships. (b) Buildings that are obsolete by virtue of location, size, design, damage, mechanical or electrical systems, or other features which inhibit their effective and economic use or which deter achievement of the objectives of this Plan. (3) To remove conditions of platting of lots and blocks or other conditions of land ownership which inhibit the assembly and the sound development of land. (4) To provide sites and rights-of-way required to accommodate needed public improvements or facilities and to assure adequate design of such facilities. (5) To assemble open, vacant, or underutilized land to accommodate new development, to overcome problems of diversity of ownership, economic disuse, unsuitable topography, and/or faulty layouts, and/or to achieve coordination in the development of the project area with other part of the downtown. (6) To assure conformance of property to this Plan, property rehabilitation standards, and/or local codes or ordinances. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 19

22 (7) To acquire sites for development/redevelopment as a home office or regional office facility for a multi-state business in furtherance of the objectives of this Plan. b. Clearance and land preparation. The City may clear property of structures and other improvements in preparation for redevelopment. Clearance will be accomplished in accordance with the objectives of this Plan, and in concert with other actions to insure timely improvement of the cleared land. c. Disposition of property. The City may advertise for and solicit development proposals, may negotiate with prospective developers, and may dispose of all or a portion of the rights to property to public or private agents for the purpose of redevelopment in accordance with the objectives of this Plan. Property rights to be disposed of may include those acquired under subsection 5.a described above and/or of street rights-of-way and other lands in public ownership that is not needed for a public purpose. Specific properties to be disposed of, including rights-of-way dedications, are identified on Map 4- Property Disposition and Right-of-Way Dedication. Additional provisions and plan requirements that relate to specific disposition parcels are found, if applicable, on individual parcel disposition exhibits. Properties previously identified for disposition in former urban renewal plans are shown on Map 6 Previously Designated Acquisition and Disposition Parcels. d. Subdivision of property. The City may subdivide, vacate, re-subdivide, or otherwise change the recorded arrangement of property under its control to accomplish the objectives of this Plan. 6. Rehabilitation of structures. The City may participate in and financially support efforts to preserve and rehabilitate structures to achieve a long-term, sound condition, including the provision of affordable housing as provided below. Determination of the City effort will be made based on an analysis of the historic, architectural, and/or cultural merit of the structure, its condition, the condition of surrounding structures, lot size, layout, accessibility, usefulness, and competing and conflicting land-uses. The goal of property rehabilitation is to provide safe, sanitary, functional and attractive conditions which are compatible with the intended use of the area in which buildings are located and to eliminate the blighting influence which any such buildings may have on their surrounding environment. The fundamental goal is the restoration of all buildings to remain in conditions which are safe and sound, which meet minimum present-day standards for health, safety, sanitation, and welfare, and which will remove or minimize any blighting effects that they may have on their environment. The provisions of the codes and ordinances of the City of Des Moines will be enforced as the basic rehabilitation standards for the urban renewal area. The City may impose restrictions and controls on designated historic residential preservation areas, historic districts, and individual buildings. 7. Affordable housing. The fundamental goal is the construction or restoration of buildings to provide or maintain affordable housing units which are safe and sound, meet minimum presentday standards for health, safety, sanitation, and welfare and will remove or minimize any blighting effects which they may have on their environment. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 20

23 8. Relocation. The City may assist in the relocation of those residents and business displaced by public action. If the City provides relocation assistance, residents and businesses displaced shall be provided with the opportunity of relocation to accommodations that are decent, safe, sanitary and are within their financial means, in accordance with established relocation practices. 9. Establish requirements for redevelopers. In consideration of efforts to be made by the City in furthering the development and redevelopment of the project area, developers and redevelopers will be required to observe the land-use requirements of this Plan. Where land acquisition, the use of public funds, the use of skyways, the undertaking of public improvements, and/or the use of public parking facilities are involved in private development, the City will seek to assure compliance with this Plan by contractual agreement. Additional assurance will be sought by modifying zoning and other city ordinances to conform to the provision of this Plan to the fullest extent possible. The Design Guidelines for Eastern Gateway District 1 (detailed in Appendix B ) shall provide guidance for rehabilitation and new construction projects assisted through the Metro Center Urban Renewal Plan. These guidelines encourage redevelopment that compliments and strengthens the early 1990s fabric of the Eastern Gateway area. 10. Developers of property owned or to be acquired by the City will be selected on the basis of the conformance of their proposals to this Plan and a determination of their ability to implement such proposals. This may be through fixed-price offerings, negotiation where design objectives may be determining factors or by other means which, in the determination of the City, will best assure the attainment of development and design objectives of this Plan. Redevelopers will not be permitted to defer the start of construction for a period longer than that required to prepare architectural plans, obtain satisfactory financing, and the review and approval of such plans by the City in order to establish their conformance with the provisions of this Plan and the disposition documents and for any additional time period the City explicitly deems acceptable (such as for planned developments or inclement weather). In addition, the following provisions will be included in agreements with redevelopers. a. Redevelopers will submit plans and schedules for the proposed development to the City and will keep the City informed regarding progress in implementing those plans. b. Land purchased from the City can be used for the purpose of redevelopment only, and not for speculation. c. Any ownership parcel made up in part of land acquired from the City will be built upon and improved in conformity with the objectives and provisions of this Plan. d. Construction of improvements will be initiated and completed within a reasonable time. e. All redevelopers and occupants of the property shall comply with Section , Non- Discrimination in Urban Renewal Projects, of the Des Moines Municipal Code. 10. Utilities. A program will be developed for placing existing and proposed utility distribution lines underground. The objective will be to provide more dependable utility services and to eliminate the blighting influence of above-ground installations wherever possible. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 21

24 11. Streets and open space. The development of a plan and program for street and open space beautification and for the provision of pathways for pedestrian and bicycle use. Construct the necessary public improvements to realign and change the direction of traffic flow on the existing public streets to improve traffic flow and create more neighborhood and pedestrian friendly streets. 12. Street improvements. General street improvements, streetscape improvements and pedestrian amenities will be erected for purposes of furthering safety, welfare, comfort and convenience of public transit users, motorists and pedestrians. The City may, as part of this urban renewal project, undertake the acquisition of land and the construction of public improvements needed to construct the Martin Luther King Jr. Parkway generally along the roadway alignment as shown in Map 7-Public Facilities and Specific Public Improvements and to provide for necessary and appropriate access ramps, viaducts, landscaping and related public improvements. 13. Street system. A plan and program will be prepared to improve existing street systems and particularly to provide better connections between north-south streets and good distribution of incoming traffic to peripheral parking facilities. The potential role and design of streets will be examined in terms of methods to make better use of these streets by establishing a balance between motorists and pedestrian needs and of interconnecting them to improve circulation around the downtown core. These methods will be identified and incorporated into a street improvement program and plan. 14. Parking. A plan and program will be prepared to assure the provision of adequate parking in the various parts of the project area, to replace parking which may be absorbed through land development and provide for maintenance, capital repairs and improvements to parking facilities. The plan and program will prescribe ways in which major quantities of affordable parking may be provided to meet the long-term needs of development in these areas and in adjacent areas. Specific public improvements including off-street structured parking and the Des Moines Intermodal Transportation Facility. This program should include: a. The designation of land areas to be acquired to be used for surface parking and/or to be eventually used for the construction of parking structures or to be incorporated into a joint development project. b. The development of funding techniques, ways of allocating parking costs between various users, and budgets for the provision of parking and related activities such as maintenance, capital repairs and improvements to parking facilities. c. The development of preliminary plans for areas in which the City will seek to provide parking as part of a joint development. d. The development of criteria to guide the decisions about additional public investments in the construction of parking garages and intermodal transportation facilities. e. It is the intent of this Plan that the City assist in the construction of private multilevel parking structures in areas where there is a need for additional parking or where the relocation or consolidation of surface parking to a multi-level parking Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 22

25 structure is needed to achieve the revitalization of an area or to make a specific project possible. In accordance with the plan and program for parking, the City in 2012 issued general obligation bonds for the purpose of paying costs of aiding in the planning, undertaking and carrying out of Metro Center Urban Renewal Project activities under the authority of this Plan and Chapter 403 of the Iowa Code, including those costs associated with the repair, reconstruction and improvement of City parking ramps, including but not limited to those ramps located generally at 3rd and Court Avenue and 9th and Locust Street, and the refunding and refinancing of outstanding tax-exempt parking system revenue bonds issued for such purposes to facilitate the use of committed private parking arrangements in connection with future downtown development projects. The City may, as part of its actions to carry out this Plan, make payments on the debt service of such bonds and the costs and expenses of the City s parking system. 15. Specified public improvements. The intent of this Plan to provide, maintain, improve and repair public improvements required to achieve the Urban Renewal Plan objectives. These improvements include street modifications, skywalks, parking, parks and open spaces, pedestrian facilities, meeting and activity space, landscaping, utilities and other facilities and features needed to help achieve the objectives of this Plan. These will be identified through studies and planning to be completed by the City and/or proposals to be developed privately. They will be incorporated into and be made a part of this Plan through the procedure described in Section VI. Map 7-Public Facilities and Specific Public Improvements indicates planned improvements within the urban renewal area that include but are not limited to: a. Off-Street Structured Public Parking including intermodal transportation facilities. b. The skywalk-level sidewalk system shall be erected in accordance with the Des Moines Skywalk Ordinance, Des Moines Municipal Code within the Skywalk District identified Map 7-Public Facilities and Specific Public Improvements. The general location of Skywalk Bridges and Skywalk Corridors shall be at the locations shown on the Skywalk System Plan Map prepared pursuant to the Des Moines Skywalk Ordinance and any amendments thereto. The official Skywalk System Plan Map is on file in the Office of the City Clerk. Reference herein shall be deemed to be to the presently adopted version of the Skywalk System Plan Map or of the Official Map including any and all changes or amendments to each respective map made in accordance with the provisions of the Skywalk Ordinance. c. East Locust Streetscape Improvements: street and right-of way improvements extending from the east bank of the Des Moines River to the State Capitol grounds at Pennsylvania Avenue. d. Bicycle Trail from Principal Park to Water Works Park: A hard-surfaced paved bicycle/recreation trial from Principal Park/Sec Taylor Field to Water Works Park. The trail will start at Principal Park and run west along the levee on the north bank of the Raccoon River to Fleur Drive. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 23

26 e. Principal Park: Proposed improvements for further development of Principal Park will include a center providing information on recreation activities and emphasize the importance of the area as the site of the original Fort Des Moines settlement. f. Des Moines and Raccoon River Flood Protection and Control Improvements and other riverfront improvements: Evaluation, engineering, maintenance and construction of river levee improvements for various parts of the levee and river wall system, including gate walls, flap gates, concrete river wall and rip-rap bank, flood prevention and reduction projects as well as other riverfront improvements in the area. The public recreational improvements shall include, but not be limited to: Meredith Trail: A hard-surfaced multi-purpose recreational trail and pedestrian bridges along and over the Raccoon River extending from the Principal River Walk at the confluence of the Des Moines and Raccoon Rivers west to Gray's Lake. Principal River Walk: A linear park and hard-surfaced multi-purpose recreational trail and pedestrian bridges along and over the Des Moines River extending from the Principal Park area, formerly known as Riverside Park, northward to the Center Street dam and environs. g. Gateway Proper: Proposed improvements for the area located between 10 th and 15 th Street between Grand Avenue and Locust Street that will provide a vibrant pedestrian-oriented district with a continuous series of high quality landscaped open spaces, the Mary and John Pappajohn Sculpture Park, public amenities, economically feasible preservation opportunities and institutional uses that are attractive to Des Moines residents, investors, businesses and employees. The proposed improvements include a new public library to be funded with a combination of tax increment funding and other public and private funding. These improvements and uses are more specifically identified in Appendix A. Appendix A contains the text titled Western Gateway Goals and Guiding Principles and the graphic titled Schematic Diagram- Western Gateway Proper h. Iowa Events Center: The Iowa Events Center proposed by Polk County for the area located south of Interstate 235 generally between 3 rd and 5 th Streets extending southward to Park Street and in the block between 2 nd Avenue and 3 rd Street from Crocker to Center Streets, will include updating the existing Veterans Auditorium, adding a state-of-the art 16,000 seat arena, two new exhibition halls providing 100,000 square feet of space with 15,000 ft. of meeting rooms, connections for a new pedestrian skywalk bridge, an underground pedestrian tunnel to connect the exhibition space with the arena and an additional 200 space surface parking lot. The City of Des Moines may undertake the improvements to Third Street and the public Skywalk Bridge required for the Iowa Events Center. i. City Parking Block: Proposed parking ramp and mixed use building containing municipal office and commercial space within the block bounded by E. Grand Avenue, Robert D. Ray Drive, E. Locust Street and E. 2nd Street. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 24

27 j. Civic Center of Greater Des Moines: The Civic Center of Greater Des Moines property improvements, under long-term lease from the City. Such improvements may be funded, in part, with economic development financial assistance from the City. k. Recreational Areas: Public areas to be used for informal and organized recreation activities. l. Central Fire Station: New central fire station and related fixtures and improvements to be located on the south side of Mulberry St. between 13 th and 15 th Streets. 16. Construction Period Tax Abatement (as authorized by Section 403.6(18) of the Code of Iowa). Qualified development or redevelopment projects shall be eligible for the exclusion from taxation of the value added to real estate during the process of construction, subject to the following conditions: a. Scope of Exclusion. To qualify for such exclusion the project must satisfy the following requirements: 1. The project must consist of the construction of a new building or buildings assessed as commercial property; 2. The project must be located within the block bounded by 2nd Avenue and Vine, Water and Market Streets; 3. The project must conform with the land use plan set forth in Section IV. Proposed Land Use Plan; and, 3. The value subject to such exclusion must have been added by January 1, b. Application Procedure. An application shall be filed by the owner of the property with the City for each project for which an exclusion is claimed. The application shall be filed between January 1 and February 1, Each application shall contain sufficient information to enable the City Council to determine compliance with the eligibility requirements and limitations of this Plan. The City Council by resolution shall approve the application if the project and exclusion claimed are in conformance with this Plan. If approved, the City Council shall forward the application to the Polk County Assessor by March 1, 2013, or as soon thereafter as is feasible for implementation. c. Scope of Abatement. Upon approval of each such application, the value added and first assessed for taxation on January 1, 2013, shall be excluded from taxation for a period of one year, subject to the limitations in Section 403.6(18) of the Code of Iowa, and subject to the further limitation that the exclusion from taxation shall be limited to that amount of value necessary to generate a total reduction in property taxes that would otherwise be required to be paid of Fifty Two Thousand Dollars ($52,000.00). In the event that two or more tax parcels are eligible for such an exclusion from taxes and the total reduction in property taxes that would otherwise be required to be paid exceeds Fifty Two Thousand Dollars ($52,000.00), then the amount of value eligible for such exclusion on each parcel shall be reduced proportionately so that the total reduction in property taxes for all eligible projects does not exceed Fifty Two Thousand Dollars ($52,000.00). d. In the event that any exclusion has been granted which subsequently is determined by taxing authorities to exclude taxes in excess of any of the limitations provided herein, the property owner Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 25

28 shall be obligated to refund the amount of improperly excluded taxes to the Treasurer of Polk County, Iowa upon receipt of notice requesting such payment. 17. Former Specific Public and Private Improvements: Specific public and private improvements as set forth in the prior Urban Renewal Plans for the former Riverpoint Capitol-Center Development Area II Urban Renewal Project and the Capitol-Center Development Area Urban Renewal Project shall retain their status as improvements under the respective urban renewal plan. Revisions of this Plan and plan maps to delete references to completed project activities shall not be deemed to modify the component plans, each of which shall remain in full face and effect except where directly in conflict with the combined Metro Center Urban Renewal Plan. 18. Activities under Chapter 15A: The City may, as part of its actions to carry out this Plan, engage in economic development activities within the Metro Center Urban Renewal Area pursuant to Iowa Code Chapter 15A for the creation of new jobs and income, and for the retention of existing jobs and income that would otherwise be lost, when such economic development activities are found by the City Council to further the objectives of this Plan. The economic development activities may include financial assistance to property owners to enable lease of office space to business tenants. The City may provide financial assistance as approved by the City Council for economic development and/or redevelopment activities anywhere in this Plan where the desired level of redevelopment has not occurred. The City may solicit and/or package such economic development activity proposals. The description of economic development and redevelopment activities approved by the City Council for provision of financial assistance is set out in Appendix C. VI. PROCEDURE FOR AMENDMENTS TO THE URBAN RENEWAL PLAN If the City of Des Moines desires to amend this Plan, it may do so after a public hearing on the proposed amendments in accordance with applicable state and local law. VII. DATE OF TERMINATION OF THE URBAN RENEWAL PLAN This Plan and its controls shall expire on December 31, VIII. FINANCIAL CONDITION REPORT The Financial Condition Report follows on the next page. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 26

29 Financial Condition Report - Metro Center Urban Renewal Project (12 th Amendment) I. Introduction The Code of Iowa, Chapter 403-Urban Renewal, requires cities to undertake a consultation with other governmental entities receiving property tax revenues from an urban renewal area that utilizes tax increment financing when the urban renewal plan is created or amended. This report has been prepared for use in the consultation process with Polk County, the Des Moines Independent School District and Des Moines Area Community College representatives for the proposed amendment to Metro Center Urban Renewal Plan. II. General Background Urban renewal was created by the federal government in the 1950s to assist cities in renewing their older central areas by removing slum and blight. In many cases, the federal government provided significant financial assistance with the costs associated with acquisition, demolition, and construction of new streets and utility lines. In 1959, Des Moines created the River Hills Urban Renewal Area, the first in Iowa. Since that date, additional urban renewal areas have been created in the downtown, neighborhood and industrial areas. The concept of urban renewal has changed over time. It started as urban removal in which everything in a large area was demolished with the sale of the property to one developer. Today, it is urban revitalization in which projects are done on a selective basis over time with a number of developers. The federal assistance has disappeared with cities now responsible for costs. Urban renewal is one of the few ways an Iowa municipality can undertake and financially assist community revitalization and economic development. In Des Moines, especially in the older areas with very limited redevelopment opportunities, urban renewal is an important way to connect the public and private sectors. An urban renewal area must be designated by the city council. As part of the designation, the city council adopts an urban renewal plan. The plan includes a legal description and map of the area; a description of existing land uses and conditions; the actions the city proposes to undertake in the area such as public improvements, public services, and the sale or purchase of property; and other conditions the city may want to impose on the development projects. If the city wants to undertake an action not specified in the urban renewal plan, it must adopt the proposed change by an amendment. Before it can be adopted by the city council, a notice of a public hearing on the amendment must be published in the newspaper. In addition, if the urban renewal area uses tax increment financing, a consultation and comment period with other taxing entities is offered prior to the public hearing. III. Metro Center Area Urban Renewal Project Since 1973, the City has adopted various urban renewal areas for the downtown: In 1973, the Capitol-Center Development Area Urban Renewal Project was created for redevelopment projects in the east and central sections of downtown Des Moines. Major projects undertaken in this area include the initial skywalk system, the Capitol Center office development, Civic Center Apartments, the Plaza, Nollen Plaza and Embassy Suites Hotel. In 1983, the Capitol-Center Development Area II Urban Renewal Project was created for projects located on the north and west sides of downtown Des Moines. Major projects undertaken in this area include the various Principal Life Insurance Corporate Campus expansions The Riverpoint Urban Renewal Project was created in This project area extended from Fleur Drive on the west to East 14 th Street along the Raccoon River. Major projects include the Norwest Mortgage financial offices in the Riverpoint Office Park Area and the construction of Sec Taylor Stadium. In 1993, the City created the Riverpoint Capitol-Center Development Area Urban Renewal Project which combined the Capitol Center Development Area II and the Riverpoint areas. There were a number of projects that overlapped such as the roadway systems, riverfront development and the Court Avenue/south of Court Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 27

30 Avenue Area. An additional area was also added to this overall project area known as Capitol-Center III which encompass portions of the far west downtown. Major projects include the Meredith Corporation and Employer s Mutual Insurance expansions. In March 2000, the City combined the two downtown urban renewal project plans Riverpoint Capitol-Center Development Area and the Capitol Center Development Area Urban Renewal Projects creating a single comprehensive urban renewal project plan known as the Metro Center Urban Renewal Area. In 2011, an additional subarea, known as River Hills 2011, was added. This subarea is bounded by the Metro Center Urban Renewal Area on its west and south boundaries and contains the east bank of the Des Moines River from East University Ave. southward to Des Moines Street, The Des Moines Botanical Center, River Hills Business Park and several older housing developments are located within this subarea. IV. Tax Increment Financing At the time each of these areas was created as an urban renewal area, it was also designated as a Tax Increment Financing district (TIF). Because additional areas have since been added into the initial urban renewal areas; there are a number of sub-areas for TIF purposes: Riverpoint Areas A, B and C, Capitol-Center II Areas A, B, C and D, Capitol-Center III, Sixth Avenue, Capitol-Center and River Hills Tax increment funding is only available in designated urban renewal areas. It is the difference between the property assessment at the time the TIF District is created and today s assessment. The City can use the tax revenue created by the tax increment for financing the projects identified in the urban renewal plan such as acquisition of land, cleanup of pollution contamination and new infrastructure. TIF works best in areas where development will occur after the TIF designation. Tax increment bonds have been issued in each of these urban renewal areas since their creation. The indebtedness is backed by the property tax increment proceeds received from the urban renewal area. TIF has to be used for the activities or items in the urban renewal plan; for example, the city can issue TIF bonds to front-end the costs of constructing needed infrastructure. The TIF funds are then used to pay off the bonds. If the city does not use the revenue for paying off TIF bonds or for other eligible expenses incurred in the urban renewal area, the increment is released back to general revenues. On March 24, 1997, the City Council adopted a policy that the City may expend up to 75% of the annual aggregated tax increment revenues generated after January 1, 1996; the unexpended increment revenues will be available for distribution to the various property taxing entities. This financial condition report summarizes bonds issued to date, outstanding and contracted-for indebtedness and the bond retirement periods for the Metro Center Urban Renewal Area. V. Current TIF Bonding and Outstanding Indebtedness Overall, the City of Des Moines has about $394 million in general obligation debt. Of this debt, approximately $110 million is being serviced with tax increment revenues for specific urban renewal areas. The State of Iowa Constitutional debt-ceiling limit for general debt obligations by the City of Des Moines is about $542 million. Currently the Metro Center Urban Renewal Area has $117 million of outstanding debt to repay. VI. Property Tax Assessments and Revenues When each urban renewal area was created, it was also designated as a Tax Increment Financing (TIF) district. At that time of designation, the property tax assessments were frozen. Any additional increase in the property tax assessment may be captured for use in the TIF district by the City. The Metro Center Urban Renewal Area total "frozen" property tax assessment base, adjusted annually for the mandated State of Iowa equalization rollbacks, is about $366 million for the entire urban renewal area. The total 2012 tax year property tax assessment value is about $1.324 billion, providing an increment of about $956 million. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 28

31 VII. Future Financial Condition Shown below is a table that projects estimated property tax revenues and expenditures from the Metro Center Urban Renewal Area. In this Financial Condition Report, the estimated property tax revenues are based on a property tax levy rate of $40 /$1,000. This levy rate reflects the tax levy rate after subtracting payment of the protected debt levy (various mandated debt expenses collected as part of the property tax levy.) The revenue projections shown are based on anticipated decreases in property tax revenue resulting from: Overall decrease in taxable values due to current economic conditions: Preliminary information from the Des Moines Assessor s Office indicates a general 15-30% decrease in many downtown office building assessments in the period. Accordingly, the projected total TIF valuations and resulting revenues shown for will be decreased by 10% for each year from the valuation. Starting in , an annual 1% increase is projected as the real estate market recovers from the overall economic recession that started in Change in valuation method for rental housing: A recent court ruling on the classification and the resulting decreased property tax rate for rental housing has resulted in numerous rental housing developments converting to a co-op or condominium regime and realizing a 50% reduction in property taxes. In 2010, almost $14 million in commercial assessments in the Metro Center Urban Renewal Area converted resulting in a taxable valuation drop to about $7 million. It is anticipated this trend will continue, resulting in an additional $10-20 million decrease in taxable valuations in the next 3 years. This projection does not factor any potential changes by the State of Iowa Legislature that could alter how commercial real estate is valued for property tax purposes. The projected expenditures shown in the table below reflect previously approved projects by the Des Moines City Council and the estimated expenditures discussed in the 10th Amendment; the projects and actual expenditures for the proposed projects must specifically be approved by the City Council before disbursement can occur. This table and graph (below) show the projected aggregate net annual payments on outstanding debt (including TIF-backed bonds and other contractual debt) of this urban renewal area, including an estimate of the obligations proposed to be incurred as part of this urban renewal plan, including any actions authorized by this urban renewal plan. Tax Yr. Total TIF Valuation Metro Center Projected Tax Increment Revenues and Expenditures (All amounts in $) Frozen Base Valuation TIF Valuation Used Property Tax Rev. from Area TIF Revenue Used by City TIF Valuation Returned FY ,323,410,000 $367,895, ,600,000 53,595,313 22,461, ,810,000 FY ,309,631, ,295, ,093,000 53,351,827 26,085, ,538,670 FY ,325,631, ,295, ,000,000 51,845,070 26,790, ,631,670 FY ,385,887, ,295, ,592,537 54,201,677 25,249, ,295,450 FY ,392,887, ,295, ,092,537 54,475,445 21,807, ,295,450 FY ,437,816, ,295, ,021,417 56,232,601 22,687, ,295,450 FY ,437,816, ,295, ,021,417 56,232,601 21,318, ,295,450 FY ,452,195, ,295, ,399,585 56,794,927 20,511, ,295,450 Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 29

32 FY ,452,195, ,295, ,399,585 56,794,927 19,142, ,295,450 FY ,466,716, ,295, ,921,536 57,362,876 18,341,953 1,006,295,450 FY ,466,716, ,295, ,921,536 57,362,876 16,973,113 1,041,295,450 FY ,481,384, ,295, ,588,705 57,936,505 12,658,028 1,166,295,450 FY ,481,384, ,295, ,588,705 57,936,505 9,489,800 1,241,295,450 FY ,496,197, ,295, ,402,547 58,515,870 6,158,194 1,341,295,450 FY ,496,197, ,295, ,402,547 58,515,870 6,058,194 1,341,295,450 FY ,511,159, ,295, ,364,527 59,101,028 4,592,318 1,396,295,450 FY ,526,271, ,295, ,476,127 59,692,039 5,083,329 1,396,295,450 FY ,541,534, ,295, ,738,843 60,288,959 5,780,249 1,396,295,450 FY ,556,949, ,295, ,154,185 60,891,849 6,383,139 1,396,295,450 FY ,572,519, ,295, ,733,682 61,500,767 6,992,057 1,396,295,450 Shaded area is projected This graph shows the projected property tax revenues and expenditures detailed in the table above. Metro Center Urban Renewal Area TIF Projected Revenues and Expenditures 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 - FY FY FY FY Dollars FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY Property Tax Revenue TIF Revenue Used by the City The actual disbursement of the estimated expenditures may occur at a later date than is shown in this table, subject to the progress of the individual project which can be impacted by weather, construction and other factors. Future projects are subject to the urban renewal amendment process with individual review of each amendment and projects by the City Council and other authorities as directed by the Code of Iowa. IX. New or Expanded Urban Renewal Plan Activities This updated Financial Report provides for new expenditures and property tax base increases resulting from the proposed Younkers Department Store and CityVille on 9 th projects. These two projects as well as previously designated Plan activities will most likely be provided from one or more of the following sources: available TIF revenues, TIF backed general obligation bonds, TIF-backed loan from Polk County, advances to be repaid with TIF and/or other sources of funding. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 30

33 Appendix A: Western Gateway Goals and Guiding Principles The following goals and guiding principles will be used to help formulate the Western Gateway Plan. Goals Create within Gateway Proper, a vibrant, pedestrian oriented district with a continuous series of high quality landscaped open spaces, public amenities, economically feasible preservation opportunities, and institutional uses (e.g., library) that are attractive to Des Moines and downtown residents, investors, businesses and employees in the area. Create a dynamic entry to the downtown. Develop the Gateway so that it complements and supports the overall development of the downtown and the community as a whole. Create a magnet for large-scale commercial and corporate investments around the Gateway that results in added tax base and jobs. Uses Gateway proper should achieve a balance between landscaped open spaces and limited appropriate civic buildings or amenities. The land within Gateway proper should be primarily landscaped open space. Civic buildings should not be concentrated in any one area. The civic buildings within Gateway proper could include a new public library, a higher education learning center, and a science center. The new public library should be considered an important component of the Gateway. Public amenities conducive to the goals of the Gateway should be incorporated into Gateway proper. Appropriate public amenities could include a four-season, multipurpose facility, walking path, and fountains. In addition, public art is considered an important element to be included in the Gateway. Only limited, high quality commercial activities that support or are incidental to the Masonic Temple, the Library, the Arlington/Hallett apartment buildings or other civic buildings can be considered. An acceptable example might be a high quality restaurant. Major commercial uses such as a new free-standing office building should not be included. Uses in Gateway proper should complement existing or planned civic uses or public amenities located elsewhere in the community. Design Gateway proper should be a visually stunning icon for the community Gateway needs to have a WOW factor. Gateway proper should be developed as an active urban environment conducive to pedestrian, street level activities. Skywalks should not be extended within Gateway proper. The design of Gateway proper should focus activity on the street level. Development of Gateway proper should be in accord with design themes or guidelines established as part of the Gateway plan - that result in a sense of continuity and coherence. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 31

34 Development of property along but outside Gateway proper should be encouraged to follow design guidelines that convey qualitative intent in a non-prescriptive way. These guidelines should support high quality development that is economically feasible in the Gateway area. The Gateway plan should establish these design guidelines. Housing New housing should be considered to help enliven the Gateway and achieve an active environment after the employee population departs. The Gateway plan must recognize and provide an appropriate architectural context for the renovated Arlington/Hallett apartments. Parking Off-street surface and above-ground structured parking should be prohibited within Gateway proper. However, it is recognized that some parking incidental to civic uses, such as loading space and handicapped parking, located within the Gateway will be needed. Masonic Temple The Masonic Temple is on the National Register of Historic Places. Reasonable efforts should be made to renovate the Masonic Temple building with a high quality renovation consistent with established standards for historic preservation. However, it is understood that the renovation of the building should be pursued only if it can be accomplished within acceptable financial parameters and in a manner consistent with the plan. Operation and Maintenance of the Gateway The plan for Gateway proper must take into account the cost of operating and maintaining the improvements to a high standard. Improvements must be of high quality and designed with the goal of minimizing O&M costs. In addition, coincident with the plan, a method should be identified for funding the identified O&M cost. Collaboration in Planning and Implementation The quality of Gateway proper as well as the private development that occurs around the Gateway will be enhanced if the planning for each is accomplished cooperatively. The planning and implementation of Gateway proper should be carried out in close cooperation and collaboration with developers and businesses that have made or are planning developments around the Gateway. These include currently Equitable of Iowa (ING), Meredith, Nationwide/Allied, Iowa Health Systems, Alter Group and Principal. Attachment: Schematic Diagram- Western Gateway Proper (Adopted by Des Moines City Council on May 19, 2003 by Roll Call Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 32

35 Schematic Diagram- Western Gateway Proper Metro Center Urban Renewal Plan Page 33

36 Appendix B: Eastern Gateway District Area 1 Design Guidelines Adopted by Des Moines City Council by Roll Call dated May 19, 2003 Introduction and Purpose The Eastern Gateway District of downtown Des Moines was once a thriving, active neighborhood and business district. In the past fifty years, buildings in this area have deteriorated due to age and economic obsolescence with greatly diminished retail and housing uses. Currently many buildings and storefronts are vacant or underutilized. A subset of the larger Eastern Gateway District --Area 1-- has special architectural and historical importance. This subarea is located between Des Moines St. (north) to the railroad tracks south of Court Ave. between the east bank of the Des Moines River to E. 7 th Street. This area has the greatest potential to become a pedestrian commercial district. As part of the effort to re-establish this as an active downtown neighborhood, the City is committed to exploring opportunities and feasibility for the rehabilitation of designated buildings. Furthermore, the City also encourages the revitalization of the area through new construction with appropriate design features and uses to strengthen an emerging mixed-use neighborhood. The intent of these Design Guidelines for rehabilitation of existing structures and construction of new buildings -- to provide for creative new interpretations and renditions of a familiar urban pattern. The design guidelines offer latitude in creating visual interest and contemporary architectural expression while providing a record of the evolution of the area. Eastern Gateway Area 1 Design Guidelines - Rehabilitation The intent of these design guidelines is to establish objectives and minimum standards to guide rehabilitation project design. 1. Preserve the original integrity of the building design and structural system to ensure preservation of historic resources for future generations. New alterations or additions should be done in such a manner that if the proposed improvements were removed in the future, the essential building form, design and structural integrity of the original building would be unimpaired. 2. Preserve significant historic and/or architectural materials original to the building to ensure preservation and enhancement of existing historic resources. Alterations and additions to existing properties should avoid destroying or seriously damaging significant historic material or architectural material. New building materials for the exterior is encouraged to be compatible with size, scale, color, material, and character of the property being rehabilitated and with the surrounding district. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 34

37 3. Address known problems in the building and its systems to encourage the preservation of historic resources. In order to avoid possible continued deterioration of the building, property owners must NOT leave known structural problems and/or other problems in the building s primary systems, such as heating, electrical or plumbing, untreated. 4. Optimize the use and occupancy of structures to encourage a more complete utilization of existing historic structures. Property owners are encouraged to rehabilitate to put into service or retain in service over half of the total area of the upper levels of the building at the time of improvement. 5. Ensure careful maintenance and preservation of building materials to prevent permanent damage to existing significant historic or contributing buildings. Sandblasting of brick, stone, masonry, or wood exterior surfaces is not acceptable. 6. Implement window repairs and replacement to preserve architectural character and building scale. Projects are strongly encouraged to retain and restore existing windows or replace them with original and/or appropriate windows that are similar to the original windows in size, frame style, operation, material, profile and setback from the exterior face of masonry. Original masonry openings on any street façade should be restored, retained and treated with a window or door consistent with the design character of the original features. At least 50% of the square footage of masonry openings on all other façades is encouraged to be restored and retained where not in conflict with existing building codes which govern work on this structure. Windows on these secondary façades should also be consistent with the original window design to maintain compatibility with the original building design integrity. 7. Maintain original door and window openings to preserve the architectural value of buildings in the Eastern Gateway district. Owners should NOT block original door or window openings or fill typical storefronts and street level façades with smaller-sized windows and/or doors. 8. Incorporate brick and/or masonry in a palette of the red tones to continue the predominance of brick as a building material in this district is encouraged. Property owners should not apply new materials, such as EIFS (exterior insulation and finish system), wood siding, metal siding, plastic siding, artificial brick, stone or other cover-ups to the existing masonry building. The use of cast or cultured stone is acceptable, if complimentary to the original masonry material. The application should not cover or damage original masonry material that is in good or salvageable or repairable condition. 9. Retain identifying features and materials to preserve the Eastern Gateway s unique sense of place. Architectural features and materials that are important to the district and the building s character and appearance should not be removed. These features include, but are not limited to, cornices, brackets, cast iron elements, window architraves, and significant roof features, such as slate or clay tile, or other architectural features important to the character of the roof. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 35

38 Eastern Gateway Area 1 Design Guidelines New Construction The intent of these design guidelines is to establish objectives and minimum standards to guide new construction project design. 1. Reinforce the unique existing character of the Civic Center Historic District. New construction should build upon the commercial style brick character of the Eastern Gateway district and set off the Beaux Arts style of the Civic Center Historic District. The east side of the Civic Center Historic District includes the Des Moines Municipal Building (City Hall), Federal Courthouse, Police Station, and the Armory Building. New construction projects should not imitate the classically inspired architecture in the Civic Center Historic District but compliment the commercial quality of buildings in the larger surrounding district. 2. Reinforce the early 1900 s context and pedestrian-scale in the District through the choice and use of exterior building materials to further the image of the Eastern Gateway district as predominantly an area of masonry construction with red, rust, and buff tones brick for commercial buildings. Use of building materials should allow for the introduction of contemporary building materials; these contemporary materials are to be used in a manner to strengthen the context of the area and compliment brick as a predominant feature material on the primary building façade. A traditional brick size is encouraged. Brick color is preferred in the range of the red, rust and buff family of colors to compliment the existing palette of brick and reinforce to the District s existing context and image. Other materials, such as stone, glass, metals, etc., may also be used if used in a manner that are compatible with the use of brick and enhance the historic precedence for brick as an exterior building material in the area. Secondary walls are encouraged to use brick and/or highlight brick material to offer ongoing district continuity and context. 3. Promote a compatible building height and density to encourage an appropriate level of development intensity and achieve consistency with existing structures. Therefore, new buildings are encouraged to be a minimum of 24 feet or two stories in height. One-story buildings are discouraged. A greater building density of 3-5 stories is strongly encouraged. Building heights shall be consistent with Capitol View Protection standards. This measure is intended to ensure that new construction does not overwhelm adjacent historic buildings as well as maintain significant views of the State Capitol Building. To meet this guideline, new buildings cannot exceed 75 in height in Capitol Dominance Overlay District A. Any structure in Capitol Dominance Overlay District B shall have a maximum building height of 55 feet. However, if the portion of the structure over 55-ft. height is devoted entirely to a residential use, the maximum building height shall be 75 feet. Chimneys, cooling towers, elevator bulkheads, antennae and necessary mechanical appurtenances extending above the roof of a building may exceed the maximum elevation established for the district by not more than fifteen feet provided they are set back at least fifteen feet from all faces of the building adjacent to a street. Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 36

39 4. Maintain the concept of a street wall and provide a dynamic, pedestrian-friendly public realm. New construction should promote building up to the property line. The building is encouraged to be oriented and designed to provide a strong visible main entry from the primary street. The ground floor should also enhance pedestrian appeal with ground floor openness through the use of windows with clear glazing or very lightly tinted glazing. When possible, the design plan is encouraged to provide desirable streetscape amenities such as attractive awnings, signage, outdoor seating areas, etc. All designs should be developed with human scale in mind and create spaces which are comfortable for people to use. Typically, buildings close to or at the property line and which maintain a sidewalk width of feet offer a more desirable human scale and a compatible scale with the intended development and uses targeted for the neighborhood. It is recommended that 50% of the building s façade be set at the property line and 60% of the remaining building frontage be set no more than 8 feet back from the property line. 5. Promote ceiling heights that enhance architectural emphasis on the street level. New construction is encouraged to have a street level ceiling height at least 11 feet above the finished floor. A ceiling height of ft. is encouraged to support ground level retail development. 6. Incorporate street level uses that build upon the pedestrian character of the Eastern Gateway district. Projects along E. Locust St. should have a predominantly retail/commercial, civic/cultural uses or entertainment uses at the street level. 7. Reinforce a pedestrian-friendly scale and rhythm to the street façade and achieve a scale of new construction that is similar to the scale of the existing historic building pattern in this area. To achieve this result, various design measures are encouraged to subdivide the façade and add visual richness to the area. For instance, belt courses and vertical subdivisions may be used to emphasize bays. Other strategies include the using cornices, changes in patterns of masonry openings, material selection, height and other details are encouraged to provide an interesting and appealing pedestrian experience and to avoid long, monotonous façades which typically detract from a positive street level experience. 8. Door and window style, design, placement and proportion are encouraged to complement the historic character of the area, context and building scale. Projects are strongly encouraged to address doors and windows in a manner that offers continuity and compatibility to a district that historically offered significant amount of street level retail, window displays and views in to and out of buildings for an increased sense of activity. Attachment: Eastern Gateway Design Guidelines Boundary Map (following page) Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 37

40 Eastern Gateway Area 1 Design Guidelines Boundary Map Metro Center Urban Renewal Plan (Appended with Amendments 1-12 Page 38