Download
1 / 17
170 likes | 297 Views
Project Oasis encompasses a 40-acre development site located on the south side of Booneville Road and west of future 105th Street in West Des Moines, Iowa. The project aims to build a facility between 100,000 and 150,000 sq. ft., with a taxable valuation estimated at $50 million. Infrastructure improvements include electric service through MidAmerican Energy, fiber optic deployment by major telecoms, and extensive sanitary and water sewer extensions. The City offers expedited permit processing and financial incentives totaling over $15 million for necessary infrastructure upgrades.
E N D
Project Oasis West Des Moines, Iowa Presentation January 30, 2013
Project Description Project Area: 40 acres. Project Location: South side of Booneville Road, and west of future 105th Street. Project Size: 100,000-150,000 sq. ft. Property taxable valuation: $50,000,000.
Infrastructure Electric • The project site is located approximately between the Booneville Substation to the west and the West Grand Substation to the east. • MidAmerican Energy is currently in the process of seeking approval from the City for the construction of the new Sugar Creek Substation located just west of the West Grand Substation. • MidAmerican Energy’s electric transmission lines are located on the southern boundary of the project site.
Infrastructure Fiber Optic • Currently, AT&T, Level 3, Sprint, and CenturyLink have long haul fiber optic lines running along the right-of-way of Raccoon River Drive, located approximately ¼ mile to the south of the project site. • AT&T also has fiber optic cable running within the right-of-way of MidAmerican Energy’s transmission lines located along the southern portion of the project site.
Infrastructure Sanitary Sewer • Extension of a 36 inch line from the WRA’s Sugar Creek line located at the intersection of future Grand Avenue alignment and Sugar Creek. • Estimated cost approximately $2,782,500.
Infrastructure Water (Primary) • Extension of a 12 inch water line from 88th and Grand Avenue westerly along the future alignment of Grand Avenue. • Estimated cost $1,420,000. • Water (Secondary) • Extension of a 12 inch water line from the intersection of Booneville Road and 88th Street westerly along the right-of-way of Booneville Road. • Estimated cost $1,420,000.
Infrastructure Streets • Extension of 105th Street from its intersection at Raccoon River Drive northerly to Booneville Road. • Estimated cost $9,670,000.
Business Assistance • Expedited permit processing of site plan, zone change and platting of 60-90 days to approval. • The City’s first review comments on project submittals of one week or less. • Assigned case planner to act as your liaison.
Incentives Based upon an estimated $50,000,000 of property tax valuation, (the Microsoft Phase II project was 110,000 sq. ft. and had a value of $53,100,000): • The City of West Des Moines would construct the sanitary truck lines necessary to service the project: $2,782,500; • West Des Moines Water Works would construct the water line along future Grand Avenue to service the site: $1,420,000; • West Des Moines Water Works would construct the secondary water line along Booneville Road necessary to serve the site: $1,420,000; and
Incentives (continued) • The City of West Des Moines would construct 105th Street from Raccoon River Drive to Booneville Road: $9,670,000. • Total value of incentives: $15,292,500.
