Project Oasis

West Des Moines, IowaPresentation

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.

Map of Site

InfrastructureElectric• 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.

Map of Electric Facilities

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.

Map of Fiber Optic Cable Locations

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.

Map of Sanitary Sewer

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.

Map of Primary Water Line

Infrastructure

Streets• Extension of 105th Street from its intersection at

Raccoon River Drive northerly to Booneville Road.

• Estimated cost $9,670,000.

Map of Streets

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.

IncentivesBased 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.

Questions?