Officials are making way for a new housing development here. R. Friedrich & Sons, of Ames, is proposing to acquire property and develop 28 lots along Henryson Street, located north of Roland-Story Elementary School.
“One of the top goals of the city and the Economic Development Corporation has been the need for a new housing subdivision,” said City Administrator Mark Jackson, in a recent statement.
“The developer will improve the street and install the sanitary sewer, water and all related infrastructure improvements,” he said.
The city will make an economic development grant to Friedrich for 33 percent of the costs, up to $420,000. The economic development grant will be paid from property taxes generated by the new housing subdivision.
The property proposed for development totals to roughly four acres — about 2 1/4 acres on both the north and the south side of Henryson Street, north of the elementary school.
For the housing development to progress, the city of Story City is in the process of amending its urban renewal plan for the Story City Urban Renewal Area, in order to describe the new urban renewal projects related to economic development grants.
It also required a zoning change, from R1 residential, to PUD (Planned Unit Development).
“We have two groundbreakings that we’re really excited about — this expansion at Eby, and the start of the new housing development by the elementary school,” said Mayor Mike Jensen prior to a plant tour at M.H. Eby last Friday.
“Both of these projects are really good for Story City.”
Eby’s $7.2 million expansion is expected to add as many as 68 new jobs to the local workforce, which is another reason new housing is timely for the community.
From 2000 through 2009, there were approximately 209 housing units constructed in Story City.
This includes single family homes, apartments, condominiums, duplexes and mobile homes.
From 2010 through September of 2017, there were 37 units constructed, with four lots left for new housing construction in the Jacobson Park Subdivision.
Story City is in need of additional housing opportunities for its current and prospective residents.
More available housing also increases the property tax base, and is likely to have a positive impact on enrollment in the Roland-Story school district.
But there’s another reason new housing is a positive step for Story City.
“Why is this important? We’re starting to prepare for the 2020 census,” Jackson said in a statement last fall.
“From 2000 through 2010, Story City’s population increased by 208 residents, or 6.3 percent.”