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Home My WebLink AboutA001 - Council Action Form dated February 25, 1992 ITEM #: DATE: 0 5/92 C;�9 COUNCIL ACTION FORM SUBJECT: Motion to Set March 24, 1992 as the Date of Public Hearing to Consider a Request to Expand Urban Revitalization Area #2. ACTION FORM SUMMARY: This is a request to approve the inclusion into the Urban Revitalization District #2 of properties addressed as 207, 215 and 215-1/2 Lynn Avenue, 128 and 208 Stanton Avenue, 2335 Chamberlain and the City of Ames Parking lot on Chamberlain Street. This inclusion will enable the property owners to benefit from tax incentives and enhance the redevelopment potential of the properties listed on Lynn Avenue. The Planning and Zoning Commission and staff is recommending approval of the properties listed to be included into the Urban Revitalization District #2. BACKGROUND: On November 29, 1991, the Mayor and City Council received a request to include properties at 207, 215 and 215-1/2 Lynn Avenue to be included in the Urban Revitalization District #2. (A copy of the letter is attached for your review.) Upon review of this request, staff concluded that an opportunity to stimulate growth and eliminate an island of deteriorating properties could be obtained. By including properties at 128 and 208 Stanton Avenue, 2335 Chamberlain Street and the City of Ames parking lot, a section of develop- able property in a P-C district would be eligible for a tax incentive for redevelopment by the property owners. The properties in question qualify under the Urban Revitalization Program in the context that the four structures on the properties are in a state of deterioration. To convert the properties to one development supporting high-density development along Lynn Avenue would follow along current R-4 zoning, and be consistent with the City's Land Use policy Plan which designates the area as High-Density Residential. The objectives of the Urban Revitalization Program are to stimulate the development, redevelopment and rehabilitation of the designated revitaliza- tion areas by making available to private property owners the incentives provided in the act, particularly the property tax exemptions for qualified real estate. More specifically, the state law indicates that cities may designate an area as a revitalization area if any of the following conditions exist: r ` 2 1. A predominance of the buildings are dilapidated, deteriorated, obsolete, overcrowded or pose threat to life or property. 2. A predominance of defective or inadequate street layout, incompatible land use, faulty lot layout in relation to size, accessibility, unsafe conditions, diversity of ownership, tax delinquency, defective or unusual conditions of title. 3. A predominance of buildings which by reason of age, history, architecture or significance, should be preserved. A copy of the urban revitalization enabling legislation and incentives offered are included for your review. The inclusion of the City's parking lot adjacent to the property would establish a contiguous link to the current Urban Revitalization District #2, which is a requirement. The parking lot is currently zoned P-C (Planned Commercial) and is compatible with the Land Use Policy Plan. From 1982 to 1985, the parking lot on Chamberlain Street was included in the Urban Revitalization District #2. At that time, the properties to the north and east of the parking lot were eliminated from the district because of the low probability of these properties using the tax exemptions for renovation of blighted areas. The buildings in these areas are of relatively new con- struction, and the parking areas were considered non-essential. The seven properties have boundaries to the north, - office building and church property; to the east - fraternity and churches; to the south - fraternities and an apartment building; and to the west - apartment buildings and commercial buildings. The inclusion of these four properties at 207, 215 and 215-1/2 Lynn Avenue, 128 and 208 Stanton Avenue, 2335 Chamberlain Street and the City parking lot on Chamberlain Street, would enable the cohesive development of an isolated blighted area to productive high-density use with the incentives offered in the Urban Revitalization Program. According to the City of Ames Assessor's records, the properties in ques- tion are owned by and assessed values are: Land Improvement 207 Lynn Avenue Dayton Road $59,300 $23,000 Development Corporation 215 Lynn Avenue Dayton Road $81,800 $38,000 215-1/2 Lynn Avenue Development Corporation Chamberlain Parking City of Ames -0- -0- Lot 208 Stanton Avenue Stanton I Partnership $53,500 $33,600 128 Stanton Avenue Ames National Corp. $37,500 $14,549 2335 Chamberlain St. Ames National Corp. $27,357 $ 9,016 3 All properties within the proposed additions to the Urban Revitalization Area #2 will be eligible for all incentives allowed under the program for an indefinite time period. The legal description of the properties in question are as follows: 207 Lynn Avenue Parker's E. 172' Lot 17 and S. 10.9' Rear & 12.6' Front Lot 5, Greers SD 215 & 215-1/2 Lynn Avenue Hills, HT SD Lot 6 Parker's Lot 1 & N 16.5' of Lot 2 Chamberlain Parking Lot Parker's Lot 5 S. of S.T. & W 330' Lot 17 EX S 79.2' W 145' 208 Stanton Avenue Parker's S. 79.2' W. 145' Lot 17 1.28 Stanton Avenue Parker's W. 139' S 133' Lot 2 EX TRI APX 78' x 136' x 111' In NW COR & ST. 2335 Chamberlain Street Parker's E. 50' of S APRX 180' EX ALTERNATIVES: 1. The City Council can approve of the request to include the proper- ties at 207, 215 and 215-1/2 Lynn Avenue, 128 and 208 Stanton Avenue, 2335 Chamberlain Street, and the City of Ames parking lot on Chamberlain Street on the Urban Revitalization District #2 and set March 24, 1992 as the date of public hearing on this request. 2. The City Council can deny approval of the request to include the properties at 207, 215 and 215-1/2 Lynn Avenue, 128 and 208 Stanton Avenue, 2335 Chamberlain Street, and the City of Ames parking lot on Chamberlain Street in the Urban Revitalization District #2 and set March 24, 1992 as the date of public hearing on this request. 4 MANAGER'S RECOMMENDED ACTION: It is the recommendation of the City Manager that the City Council adopt Alternative #1. This would approve of the expansion of the Urban Revital- ization District #2 and set March 24, 1992 as the date of public hearing to consider this expansion. Attachment y\bpo\caf\urban-2.225 Effective 7/01/85 URBAN REVITALIZATION PROGRAM What is the Purpose of the Urban Revitalization Program? The purpose of the Urban Revitalization Program is to promote the rehabilitation and redevelopment of areas of the community that have the potential to become blighted. It is hoped that the program activities will result in the improvement of the areas, as well as the enhancement of the entire community. How is the Program Implemented? The primary means 'of implementation of the Urban Revitalization Program is through a procedure of providing tax exemptions for property improvements. The program requires that the improvement, whether it is rehabilitation development or redevelopment, add a minimum of five percent (5%) to the value of the property. The following types of projects may be eligible for property tax benefits in revitalization areas: 1. Residential rehabilitation 2. Residential development/redevelopment 3. Commercial development/redevelopment 4. Mixed-use projects Five revitalization areas within the City have been designed by the City Council, and evaluation criteria have been developed for each revitalization area. Only those projects -within the revitalization areas are eligible for tax exemptions. Not all the above-listed project types are eligible in each revitalization area. Check with the Department of Planning and Housing to determine if the project you are planning is an eligible project within its revitalization area. What are the Tax Exemption Schedules? Qualified real estate in any of the five revitalization areas is eligible to receive partial tax exemption from property taxes on the Actual Value added for improvements provided the value added amounts to five percent (5%) or more of the value of the property. The property owner may select one of three tax exemption schedules. 1. A ten-year tax exemption period. Under this schedule, in the first year there is a 8 tax exemption on the value added. The -percentage decreases incrementally until the ninth and tenth years when the exemption is 20% of the value added. 2. A five-year tax exemption period. In the first year, there is a 100% tax exemption for the value added . In subsequent years , the exemption decreases by 20% until the fifth year when the tax exemption is 20%. . , 2 3. A three-year exemption p6riod. Under this schedule, all qualified real estate is eligible for tax exemption on the value added for each of the three years. CITY OF AMES URBAN REVITALIZATION PROGRAM TAX EXEMPTION SCHEDULE All qualified real estate located in a designated revitalization area is eligible to receive a partial exemption from taxation on the Actual Value added by the improvements as specified by the schedules below. Any qualified real estate may elect one of the three schedules. A. The exemption period for ten (10) years. The amount of the partial exemption is equal to a percent of the Actual Value added by the improvements, determined as follows: For the first year, 80% second 70% third 60% fourth 50% fifth 40% sixth 40% seventh 30% eighth 30% ninth 20% tenth 20% B. The exemption period for five (5) years. 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MS o L 2624 2625 URBAN REVITAi.MMON TAX EXEMPTIONS,§404.2 under this 403A.28 Public hearing required. units proposed and their approximate cost.Notice of commis- The municipal housing agency shall not undertake the public hearing on the proposed project shall be allu be con- any low-cost housing project until such time as a published at least once in a newspaper of general 3o public hearing has been called, at which time the circulation within the municipality, at least fifteen affects all ch action agency shall advise the public of the name of the days prior to the date set for the hearing. 1 affects included or Proposed project, its location, the number of living [C73,75,77,79,81,§403A.281 A, or such tch project, action by a yee which which such CHAPTER 404 interest or unissioner, :ion of the URBAN REVITALIZATION TAX EXEMPTIONS nisconduct f a munic- Chapter 404 appliee W all cities including special charter cities;68GA,ch 84,§12 a of a vote Contracts with city or county for services;see§364.19 .ds of this sive in the !2] ch 238,§2 404.1 Area established by city. 404.6 Relocation expense of tenant. 404.2 Conditions mandatory. 404.7 Repeal of ordinance. ving pub- 404.3 Basis of tax exemption. 404.8 Productivity—additional tax not applicable. Re- 404.4 Prior approval of eligibility. pealed by 83 Acts,ch 101,§129. coding, no 404.5 Physical review of property by assessor. i a munic- ineligible ly because blic assis- 404.1 Area established by city. menace to the public health, safety,or welfare in its .ty income The governing body of a city may, by ordinance, present condition and use. Wmed by designate an area of the city as a revitalization area, 3. An area in which there is a predominance of iployment if that area is any of the following: buildings or improvements which by reason of age, !tc 1. An area in which there is a predominance of history' architecture or significance should be pre- served buildings or improvements, whether residential or or restored to productive use. nonresidential,which by reason of dilapidation,de- terioration, obsolescence, inadequate provision for 404.2 Conditions mandatory. 'ntrolling, i ventilation, light, air, sanitation, or open spaces, A city may only exercise the authority conferred contained high density of population and overcrowding, the upon it in this chapter after the following conditions ance'Any existence of conditions which endanger life or prop- have been met: � body erty by fire and other causes or a combination of 1. The governing body has adopted a resolution vise,chapter' I such factors,is conducive to ill health,transmission fording that the rehabilitation, conservation, rede- shall of disease infant mortality,juvenile delinquency or velo ment, or a combination thereof of the area is id no pub- � �',j q �' p th respect i crime,and which is detrimental to the public health, necessary in the interest of the public health,safety, safety,or welfare. or welfare of the residents of the city and the area 41 2. An area which by reason of the presence of a meets the criteria of section 404.1.2. The city has prepared a proposed plan for the substantial number of deteriorated or deteriorating designated revitalization area. The proposed plan 64GA, ch i structures, predominance of defective or inadequate shall include all of the following street layout, incompatible land use relationships, a A legal description of the real estate forming faulty lot layout in relation to size,adequacy,accessi- bility or usefulness, unsanitary or unsafe conditions, map depicting the existing parcels of real estate. nding,no deterioration of site or other improvements,diversity b. The existing assessed valuation of the real s a condi- of ownership, tax or special assessment delinquency estate in the proposed area, listing the land and tpplemen- exceeding the actual value of the land, defective or building values separately. xes to the unusual conditions of title,or the existence of condi- c A list of names and addresses of the owners of county in tions which endanger life or property by fire and other record of real estate within the area. the use of causes,or a combination of such factors,substantially d The existing zoning classifications and district tsed from impairs or arrests the sound growth of a municipality, boundaries and the existing and proposed land uses retards the provision of housing accommodations or within the area. constitutes an economic or social liability and is a e Any proposals for improving or expanding city §404.2,URBAN REVITA1.1ZMON TAX EXEMPTIONS 2626 2627 services within the area including but not limited to 5. A second public hearing has been held if- 3. All q transportation facilities,sewage,garbage collection, a The city has received within thirty days after one hundr( street maintenance, park facilities and police and the holding of the first public hearing a valid peti- actual val; fire protection. tion requesting a second public hearing containing emption is f. A statement specifying whether the revitaliza- the signatures and current addresses of property 4 All q, tion is applicable to none,some,or all of the property owners that represent at least ten percent of the property o assessed as residential,agricultural,commercial or privately owned property within the designated re- commeroia industrial property within the designated area or a vitalization area or; rate living combination thereof and whether the revitalization b. The city has received within thirty days after cent of th( is for rehabilitation and additions to existing build- the holding of the first public hearing a valid peti- eligible to ings or new construction or both. If revitalization is tion requesting a second public hearing containing from taxa, made applicable only to some property within an the signatures and current addresses of tenants that improvemE assessment classification,the definition of that sub- represent at least ten percent of the residential units years set of eligible property must be by uniform criteria within the designated revitalization area. 5. The( which further some planning objective identified in At any such second public hearing the city may the exemp, the plan. The city shall state how long it is esti- specifically request those in attendance to indicate take the a mated that the area shall remain a designated the precise nature of desired changes in the proposed tion 1,2,3 revitalization area which time shall be longer than plan. adopted in one year from the date of designation and shall state 6. The city has adopted the proposed or amended been adopt any plan by the city to issue revenue bonds for plan for the revitalization area after the requisite the exempt revitalization projects within the area. number of hearings. The city may subsequently I change th( g. The provisions that have been made for the amend this plan after a hearing. Notice of the 6. The 1 relocation of persons, including families, business hearing shall be published as provided in section concerns and others,whom the city anticipates will 362.3,except that at least seven days'notice must be section 1, be displaced as a result of improvements to be made given and the public hearing shall not be held area dn i in the designated area. earlier than the next regularly scheduled city coun- adopted n cil meeting following the published notice. However, h Any tax exemption schedule that shall be used g g P unless eve. in lieu of the schedule set out in section 404.3, [C81,§404.21 the same subsection 1,2,3 or 4.This schedule shall not allow 83 Acts,ch 173,§1,4,5;85 Acts,ch 95,§1;86 Acts, adopted do a greater exemption, but may allow a smaller ex- ch 1245,§848,849 in a partic emption, than allowed in the schedule specked in the schedi the corresponding subsection of section 404.3. 404.3 Basis of tax exemption. tion of thi: i. The percent increase in actual value require- 1. All qualified real estate assessed as residential 7. "Qua ments that shall be used in lieu of the fifteen and ten property is eligible to receive an exemption from and sectio, percent requirements specified in section 404.3,sub- taxation based on the actual value added by the land whic section 7 and in section 404.5.This percent increase improvements.The exemption is for a period of ten area and t in actual value requirements shall not be greater years. The amount of the exemption is equal to a during the than that provided in this chapter and shall be the percent of the actual value added by the improve- have inch same requirements applicable to all existing revital- ments, determined as follows: One hundred fifteen percent s ization areas. percent of the value added by the improvements. pursuant t A description of an federal state or private P 1 P � Y P However, the amount of the actual value added by then by a grant or loan program likely to be a source of the improvements which shall be used to compute percent it funding for that area for residential improvements the exemption shall not exceed twenty thousand residentia and a description of any grant or loan program dollars and the granting of the exemption shall not land upon which the city has or will have as a source of funding result in the actual value of the qualified real estate and not w for that area for residential improvements. being reduced below the actual value on which the the actua 3. The city has scheduled a public hearing and homestead credit is computed under section 425.1. improvem( notified all owners of record of real property located 2. All qualified real estate is eligible to receive a percent. " within the proposed area,the tenants living within partial exemption from taxation on the actual value upon whi< the proposed area and the city development board in added by the improvements. The exemption is for a new const accordance with section 362.3. In addition to notice period of ten years. The amount of the partial revitalizat by publication, notification shall also be given by exemption is equal to a percent of the actual value has been ordinary mail to the last known address of the added by the improvements,determined as follows: designate( owners of record.The city shall also send notice by a For the first year,eighty percent. and sectio ordinary mail addressed to the "occupants" of city b. For the second year,seventy percent. tions to e) addresses located within the proposed area, unless c. For the third year, sixty percent. tion on v, the city council, by reason of lack of a reasonably d For the fourth year,fifty percent. tures.HoN current and complete address list,or for other good e- For the fifth year, forty percent. agricultul cause,shall have waived such notice.Notwithstand- f. For the sixth year,forty percent. ments" f< ing the provisions of section 362.3,Code 1979,such g. For the seventh year,thirty percent. 419.17 ur notice shall be given by the thirtieth day prior to the h. For the eighth year,thirty percent. presented public hearing. L For the ninth year,twenty percent. suant to s 4. The public hearing has been held. j. For the tenth year,twenty percent. assessed 2626 2627 URBAN REVITALIZATION TAX EXEMPTIONS,§444.4 held if 3. All qualified real estate is eligible to receive a construction. Such justification shall demonstrate, ty days after one hundred percent exemption from taxation on the in addition to the other requirements of this chapter a valid peti- actual value added by the improvements. The ex- and section 419.17, that the improvements on land g containing emption is for a period of three years. assessed as agricultural land will utilize the mini- of property 4. All qualified real estate assessed as residential mum amount of agricultural land necessary to ac- !rmnt of the property or assessed as commercial property, if the complish the revitalization of the other classes of esignated re- commercial property consists of three or more sepa- property within the urban revitalization area.How- rate living quarters with at least seventy-five per- ever,if such construction,rehabilitation or additions ty days after cent of the space used for residential purposes, is were begun prior to January 29, 1979, or one year a valid peti- eligible to receive a one hundred percent exemption prior to the adoption by the city of a plan of urban g containing from taxation on the actual value added by the revitalization pursuant to section 404.2, whichever .'tenants that improvements.The exemption is for a period of ten occurs later, the value added by such construction, idential units years. rehabilitation or additions shall not constitute an VA- 5. The owners of qualified real estate eligible for increase in value for purposes of qualifying for the the city may the exemption provided in this section shall elect to exemptions listed in this section. "Actual value to indicate take the applicable exemption provided in subset- added by the improvements"as used in this chapter the proposed tion 1,2,3 or 4 or provided in the different schedule and section 419.17 means the actual value added as adopted in the city plan if a different schedule has of the first year for which the exemption was re- d or amended been adopted.Once the election has been made and ceived. the requisite the exemption granted,the owner is not permitted to 8. The fifteen and ten percent increase in actual subsequently change the method of exemption. value requirements specified in subsection 7 shall lotice of the 6. The tax exemption schedule specified in sub- apply to every revitalization area within a city ed in section section 1,2,3 or 4 shall apply to every revitalization unless different percent increases in actual value iotice must be requirements are adopted in the city plan as pro- area within a city unless a different schedule is not be held adopted in the city plan as provided in section 404.2. vided in section 404.2. However, a city shall not pled city coun- However,a city shall not adopt a different schedule adopt different requirements unless every revitaliza- itice. unless every revitalization area within the city has tion area within the city has the same requirements the.same schedule applied to it and the schedule and the requirements do not provide for a greater 15,§1;86 Acts, adopted does not provide for a larger tax exemption percent increase than specified in subsection 7. in a particular year than is provided for that year in (C81,§404.31 the schedule specified in the corresponding subset- 83 Acts,ch 173, §2,3,5 tion of this section. as residential 7. "Qualified real estate"as used in this chapter 404.4 Frior approval of eligibility. emption from and section 419.17 means real property,other than A person may submit a proposal for an improve- added by the land,which is located in a designated revitalization ment project to the governing body of the city to i period of ten area and to which improvements have been added, receive prior approval for eligibility for a tax exemp- is equal to a during the time the area was so designated,which tion on the project. The governing body shall, by 7 the improve- have increased the actual value by at least the resolution, give its prior approval for an improve- undred fifteen percent specified in the plan adopted by the city ment project if the project is in conformance with the improvements. pursuant to section 404.2 or if no percent is specified plan for revitalization developed by the city. Such alue added by then by at least fifteen percent, or at least ten prior approval shall not entitle the owner to exemp- ed to compute percent in the case of real property assessed as tion from taxation until the improvements have been anty thousand residential property or which have, in the case of completed and found to be qualified real estate; ption shall not land upon which is located more than one building however,if the proposal is not approved,the person fied real estate and not assessed as residential property, increased may submit an amended proposal for the governing e on which the the actual value of the buildings to which the body to approve or reject. section 425.1. improvements have been made by at least fifteen An application shall be filed for each new exemp- ble to receive a percent. "Qualified real estate" also means land tion claimed.The first application for an exemption he actual value upon which no structure existed at the start of the shall be filed by the owner of the property with the Imption is for a new construction, which is located in a designated governing body of the city in which the property is of the partial revitalization area and upon which new construction located by February 1 of the assessment year for ie actual value has been added during the time the area was so which the exemption is first claimed, but not later ned as follows: designated."Improvements"as used in this chapter than the year in which all improvements included in it. and section 419.17 includes rehabilitation and addi- the project are first assessed for taxation, unless, :rcent. tions to existing structures as well as new construc- upon the request of the owner at any time, the t. tion on vacant land or on land with existing strut- governing body of the city provides by resolution at. tunes.However,new construction on land assessed as that the owner may file an application by February agricultural property shall not qualify as"improve- 1 of any other assessment year selected by the t. ments" for purposes of this chapter and section governing body. The application shall contain, but rcent. 419.17 unless the governing body of the city has not be limited to, the following information: The cent. presented justification at a public hearing held pur- nature of the improvement,its cost,the estimated or Tnt. suant to section 404.2 for the revitalization of land actual date of completion,the tenants that occupied :ent. assessed as agricultural property by means of new the owner's building on the date the city adopted the i §404.4,URBAN REVITALIZATION TAX EXEMPTIONS 2628 2629 resolution referred to in section 404.2,subsection 1, result of failure to sufficiently increase the value of and which exemption in section 404.3 or in the the real estate as provided in section 404.3, the different schedule, if one has been adopted, will be owner may file a first annual application in a elected. subsequent year when additional improvements are The governing body of the city shall approve the made to satisfy requirements of section 404.3, and application, subject to review by the local assessor the provisions of section 404.4 shall apply.After the pursuant to section 404.5, if the project is in con- tax exemption is granted, the local assessor shall formance with the plan for revitalization developed continue to grant the tax exemption, with periodic by the city,is located within a designated revitaliza- physical review by the assessor,for the time period 405A.1 De tion area and if the improvements were made during specified in section 404.3,subsection 1,2,3 or 4,or 405A2 Ge the time the area was so designated.The governing specified in the different schedule if one has been 405A.3 Ci+ body of the city shall forward for review all approved adopted, under which the exemption was granted. 405A.4 Co applications to the appropriate local assessor by The tax exemptions for the succeeding years shall be 405A.5 Lo March 1 of each year with a statement indicating granted without the taxpayer having to file an Whether section 404.3,subsection 1,2,3 or 4 applies application for the succeeding years. or if a different schedule has been adopted, which [C81,§404.51 i exemption from that schedule applies.Applications 405A.1 for exemption for succeeding years on approved 404.6 Relocation expense of tenant. As used ii projects shall not be required. Upon application to it and after verification by it, otherwise: [C81,§404.41 the city shall require compensation of at least one 1. "Plerst 87 Acts,ch 156, §1 month's rent and may require compensation of ac- the person; tual relocation expenses be paid to a qualified tenant scribed in 404.5 Physical review of property by asses- whose displacement is due to action on the part of a c". son property owner to qualify for the benefits under this 2. `Pblu The local assessor shall review each first-year chapter. However, the city may require the persons local confei application by making a physical review of the causing the qualified tenant to be displaced to pay ter 441, a property, to determine if the improvements made all or a part of the relocation payments as a condi- chapter 34 increased the actual value of the qualified real tion for receiving a tax exemption under section lion counci estate by at least fifteen percent or at least ten 404.3. "Qualified tenant" as used in this chapter 3. ."Locc percent in the case of real property assessed as shall mean the legal occupant of a residential dwell- area schoo residential property or the applicable percent in- ing unit which is located within a designated revi- tablished I crease requirement adopted by the city under section talization area and who has occupied the same establishes 404.2. If the assessor determines that the actual dwelling unit continuously since one year prior to county agr value of that real estate has increased by at least the the city's adoption of the plan pursuant to section ant to chat requisite percent, the assessor shall proceed to de- 404.2. 88 Acts,, termine the actual value of the property and certify [C81,§404.61 the valuation determined pursuant to section 404.3 `�5� to the county auditor at the time of transmitting the �'7 ��of ordinance. The gene When in the opinion of the governing body of a city equal to tl assessment rolls. However, if a new structure is the desired level of revitalization has been attained taxing dis erected on land upon which no structure existed at or economic conditions are such that the continua- The ratio the start of the new construction,the assessor shall tion of the exemption granted by this chapter would property rc proceed to determine the actual value of the property cease to be of benefit to the city,the governing body the person: and certify the valuation determined pursuant to may repeal the ordinance establishing a revitaliza- district, ar section 404.3 to the county auditor at the time of tion area. In that event, all existing exemptions the tax ra transmitting the assessment rolls. The assessor shall continue until their expiration. able in th( shall notify the applicant of the determination,and [C81,§404 7] consolidat( the assessor's decision may be appealed to the local payable in board of review at the times specified in section 404.8 Productivity—additional tax not appli- 88 Acts 441.37.If an application for exemption is denied as a cable. Repealed by 83 Acts,ch 101, §129. 405A.3 1. Fort each subs( city in the CHAPTER 405 a The I to section b. The MUNICIPAL ASSISTANCE FUND total popu by twent3 Repealed by 88 Acts,ch 1250,§22;see ch 405A dollars. Tmined by may have decade, ai