NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL OF A PROPOSED AMENDMENT NO. 1 TO THE KETTLESTONE PHASE 4 COMMERCIAL URBAN RENEWAL PLAN FOR AN URBAN RENEWAL AREA IN THE CITY OF WAUKEE, STATE OF IOWA

NOTICE OF PUBLIC HEARING TO CONSIDER APPROVAL OF A PROPOSED AMENDMENT NO. 1 TO THE KETTLESTONE PHASE 4 COMMERCIAL URBAN RENEWAL PLAN FOR AN URBAN RENEWAL AREA IN THE CITY OF WAUKEE, STATE OF IOWA The City Council of the City of Waukee, State of Iowa, will hold a public hearing before itself at its meeting which commences at 5:30 P.M. on September 15, 2025 in the Council Chambers, City Hall, 230 West Hickman Road, Waukee, Iowa, to consider adoption of a proposed Amendment No. 1 to the Kettlestone Phase 4 Commercial Urban Renewal Plan (the "Phase 4 Amendment") concerning a Kettlestone Phase 4 Commercial Urban Renewal Area ("Phase 4 Urban Renewal Area") in the City of Waukee, State of Iowa. The Phase 4 Urban Renewal Area contains the land legally described as follows: Parcel 23-39 of the Plat of Survey recorded in Book 2023, Page 5013, City of Waukee, Dallas County, Iowa (Parcel # 1603100049). EXCEPT Any portion thereof included in Kettlestone Central Plat 1, an official plat in and forming a part of the City of Waukee, Dallas County, Iowa A copy of the Phase 4 Amendment is on file for public inspection in the office of the City Clerk, City Hall, City of Waukee, Iowa. The City of Waukee, State of Iowa is the local public agency which, if such Phase 4 Amendment is approved, shall undertake the urban renewal activities described in the Kettlestone Phase 4 Commercial Urban Renewal Plan ("Phase 4 Plan"), as amended. The general scope of the urban renewal activities under consideration in the Phase 4 Plan, as amended, is to promote the growth and retention of qualified industries and businesses in the Phase 4 Urban Renewal Area through various public purpose and special financing activities outlined in the Phase 4 Plan, as amended. To accomplish the objectives of the Phase 4 Plan, and to encourage the further economic development of the Phase 4 Urban Renewal Area, the Phase 4 Amendment provides that such special financing activities may include, but not be limited to, the making of loans or grants of public funds to private entities under Chapter 15A, Code of Iowa. The City also may reimburse or directly undertake the installation, construction and reconstruction of substantial public improvements, including, but not limited to, street, water, sanitary sewer, storm sewer or other public improvements. The City also may acquire and make land available for development or redevelopment by private enterprise as authorized by law. The Phase 4 Plan provides that the City may issue bonds or use available funds for purposes allowed by the Phase 4 Plan and that tax increment reimbursement of the costs of urban renewal projects may be sought if and to the extent incurred by the City. The Phase 4 Amendment initially proposes no specific public infrastructure or site improvements to be undertaken by the City. The proposed Phase 4 Amendment would update the description of a previously approved urban renewal project to be undertaken within the Phase 4 Urban Renewal Area. Other provisions of the Phase 4 Plan not affected by the Phase 4 Amendment would remain in full force and effect. Any person or organization desiring to be heard shall be afforded an opportunity to be heard at such hearing. This notice is given by order of the City Council of the City of Waukee, State of Iowa, as provided by Section 403.5, Code of Iowa. Dated this 18th day of August, 2025. Rebecca D. Schuett City Clerk, City of Waukee, State of Iowa September 4 2025 LIOW0356079