HomeMy WebLinkAbout~Master - Establishing a Tax Increment Financing District in Urban Renewal District #3 ORDINANCE NO. 3177
AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE
CITY OF AMES, IOWA, BY ADDING A NEW SECTION 24.14
TO ESTABLISH A TAX INCREMENT FINANCING DISTRICT.
BE IT ORDAINED, by the City Council for the City of Ames, Iowa:
Section One. The Municipal Code of the City of Ames, Iowa is
hereby amended by adding a new Section 24.14 as follows:
"Sec. 24.14. TAX INCREMENT FINANCING DISTRICT.
The property in the City of Ames Urban Renewal Area
Number Three, said property being more specifically de-
scribed as:
Tract No. 1, Ford Street Development Co. , contains
a fraction of Lot 3, 1st Addition of W.G.G.C.
Subdivision, Ames, Iowa, and a fraction of Lot 1
and all of Lot 2 of 2nd Addition of W.G.G.C. Subdi-
vision, Ames, Iowa, further described as: That
part of the NWFR1/4 NW 1/4 Section 7, T38N, R23W
of the 5th P.M. in the City of Ames, Story County,
Iowa. Total acreage approximately 212 acres.
Property located on Alexander Avenue, Graham
Street and Bell Avenue.
Tract No. 2, Hunziker, contains the south portion of
the NE 1/4 of the NW 1/4 of Section 7, T38N, R23W
of the 5th P.M. in the City of Ames, Story County,
Iowa, lying south of the southerly right-of-way line
of Lincoln Way (also known as "Old Highway #30),
and lying west of the west right-of-way line of
Interstate Highway #35. Total acreage
approximately 19.0 acres. Property located on Bell
Avenue.
is hereby made subject to property tax division and special
fund provisions of Section 403.19 Code of Iowa."
Section Two. This ordinance shall be in full force and effect from
and after its passage and publication as required by law.
Passed this 1st day of June 1992.
Nancy ionigl, ity Clerk Larry R. urtis, Mayor
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