HomeMy WebLinkAboutA035 - Letter to Ames Community Schools, asking for input on impact of tax abatement City Manager's Office
515 Clark Avenue,P.O.Box 811
(:aeirtg People Ames, IA 50010
Q°°/i'i'F g'° Phone: 515-239-5101
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Fax: 515-239-5142
December 13, 2000
Nick Johns, Superintendent
Ames Community Schools
P. O. Box 3011
Ames, IA 50010
Dear Nick:
You might be aware that the developers of Somerset Village have requested that the City grant a
three year, 100 percent tax abatement for property built in this subdivision. The Urban
Revitalization Tax Abatement Program is not new. Over the years, in fact, the City Council has
granted partial tax abatement to developers in return for some other stated goal of the City
(affordable housing, economic development, or revitalization).
With this recent request, it occurred to the City Council that this tax abatement issue has never
been discussed with school district officials, and they are not sure how this incentive program
would affect your finances. Therefore, I was asked to prepare the attached summary of this tax
incentive and present it to you for your review. The Council will be dealing with the Somerset
request at their December 18th meeting. Any comments you might have about this issue could be
provided to them prior to the meeting.
If you have any questions about this issue, please give me a call.
Sincerely,
kl�
Steven L. Schainker
City Manager
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