HomeMy WebLinkAbout~Master - Establishing a Second Tax Increment Financing District, Urban Renewal Area No. 4 ORDINANCE NO. 3469
AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF
AMES, IOWA,BY ADDING A NEW SECTION 24.15 TO ESTABLISH A
SECOND TAX INCREMENT FINANCING DISTRICT.
BE IT ENACTED,by the City Council for the City of Ames,Iowa,that:
Section One. The Municipal Code of the City of Ames,Iowa shall be and the same is hereby amended by adding
a new Section 24.15 as follows:
"Sec. 24.15. SECOND TAX INCREMENT FINANCING DISTRICT.
The property in the City ofAmes Urban Renewal Area Number Four,said property being more
specifically described as:
The southeast Quarter of the Northwest Fractional Quarter, except the Interstate
Highway Right-of-way; and the east twenty-two acres of the Southwest Fractional
Quarter of said Northwest Fractional Quarter;and the East forty feet of the Northwest
Fractional Quarter of said Northwest Fractional Quarter,all in Section 7,Township
83 North,Range 23 West of the 5th P.M.,Story County,Iowa,containing 54.36 acres,
more or less,subject to legally established highways and easements of record,
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 13th day of NnvPmler _, 1997.
Sandra L.Ryan,City Cler
L R.Cu is,Mayor
law/tif.807