COMMUNICATION
URBAN DESIGN REVIEW BOARD
CITY OF DES MOINES, IOWA
MARCH 14, 2017 MEETING
Subject:
20 AMENDMENT TO THE METRO CENTER URBAN
RENEWAL PLAN
TH
Recommendation
X
APPROVE
DISAPPROVE
NO ACTION
OTHER
Prepared by:
CARRIE KRUSE
283-4012
[email protected]
Attachment Listing:
http://www.dmgov.org/government/boards/UrbanDesignReviewBoard/Pages/Meetings.aspx
Summary:
The proposed 20th Amendment to the Metro Center Urban Renewal Plan updates the
urban renewal plan with information as required by state law relating to the provision of
tax increment financial (TIF) assistance approved by the City Council for private and
public projects. This Amendment also updates the financial condition report; updates
Appendix C – Approved Economic Development and Redevelopment Activities; updates
Appendix D – Approved Public Improvement, Street and Parking projects; and updates
Appendix E – Analysis of Alternative Development Options and Funding to Use of Tax
Increment Revenues for Public Buildings including supplemental funding to the City’s
parking system.
There are no direct fiscal impacts associated with the approval of the proposed 20th
Amendment. The activities and projects that may be assisted by this urban renewal plan
and tax increment revenues are now listed in the plan text.
Scope of Review – Board to make recommendation to City Council on:
Design review of renovation /remodeling/new construction for City-owned or leased
project.
Design review for urban renewal project with specific development requirements.
Whether a proposed urban renewal project qualifies for funding from tax increment.
Whether the level of financial assistance funded from tax increment revenues proposed for
a specific individual project are reasonable and appropriate.
The selection of urban renewal sites for clearance or rehabilitation and problems relating to
acquisition, clearance or rehabilitation of property, relocation of displaced persons and
disposition of acquired property.
Skywalk System
Other: Review of Urban Renewal Plan Amendment
Urban Design Review Board Action: The Board is asked to make its recommendation
to City Council on the proposed 20th Amendment to the Metro Center Urban Renewal
Plan.
Staff Recommendation: Approval
URBAN DESIGN REVIEW BOARD
M ARCH 14, 2017 AGENDA
PAGE 2
Background:
The general purposes of this Twentieth Amendment are to:

Approve the provision of financial assistance from tax increment revenues in the
Metro Center Urban Renewal Area for the redevelopment, renovation and/or
improvement of:
-
Gray’s Station, west of SW 11th Street and north of the Raccoon River single
and multi-family urban residential neighborhood redevelopment;
Market Lofts, 201 SE 6th Street mixed-use multi-family residential, first floor
commercial use and underground parking redevelopment; and
The Fifth, 5th and Walnut Streets, update the revised provision of financial
assistance and approve the provision of construction period tax abatement for
mixed-use residential tower, commercial space and parking structure
redevelopment.
and to include these new projects and updated text for previously-approved
projects in the amended and updated Appendix C --Approved Economic
Development and Redevelopment Activities.

Update the Financial Condition Report to reflect the new projects added to Exhibit
C and the projects scheduled for funding in Fiscal Years 2016/2017 and
2017/2018 set forth in Appendix D.

Amend and update Appendix D – Approved Public Improvement, Street and
Parking projects to provide a listing of projects scheduled for funding from tax
increment revenues in the Metro Center Urban Renewal Area during the fiscal
years that are set out in the City Capital Improvement Program (2017/18 –
2022/23) and to update and revise funding amounts and schedules for previously
approved public improvement projects.

Update Appendix E: Analysis of Alternative Development Options and Funding to
Use of Tax Increment Revenues for Public Buildings including supplemental
funding to the City’s parking system.

Edit text related to the approved public improvements.