Council to approve ordinance vacating air rights for Moen development
The Iowa City City Council will consider an ordinance vacating and conveying air rights within the public right of way located adjacent to the property at 114 S. Dubuque St.
Construction of developer Marc Moen’s 14-story mixed-use commercial building is scheduled to start in that location next month.
According to the proposal, approval of the ordinance would allow Moen to “acquire rights starting at approximately 16 feet, 8 inches above grade for a 4-foot by 44-foot section of public right of way in [the Pedestrian Mall] that extends along the west property line of the subject property and a 4-foot by 56-foot section of public right of way in Blackhawk Park that extends along the north property line of the subject property.”
The councilors voted in its last meeting, July 10, to go ahead with approving tax-increment financing for the building despite a city petition gathering more than enough signatures to call for a public vote on the matter. The City Council initially voted on April 3 to approve the TIF for the building.
The councilors will vote on the third consideration and likely adopt the ordinance during its next meeting, July 31.
-by Kristen East
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