HomeMy WebLinkAbout~Master - Tax Increment Financing District on South Bell Avenue ORDINANCE NO. 3982
AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF THE CITY OF
AMES, IOWA, BY ADDING A NEW SECTION 24.16 TO ESTABLISH A
THIRD 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 24.16 as follows:
"Sec.24.16. THIRD TAX INCREMENT FINANCING DISTRICT.
The property in the City of Ames Urban Renewal Area Number 5,consisting of
Outlot Z,Four Seasons Park Subdivision, City of Ames, Story County,Iowa,as shown in Final Plat
of record filed June 30, 2006 in Instrument No. 2006-00007849 in the Office of the Story County
Recorder,more particularly described as follows: Commencing at the Northeast Corner of said Outlot
Z,said point also being the Point ofBeginning;thence S 89°22'19"W,338.67 feet along the northerly
line of said Outlot Z,thence S 00°03'06" W, 1314.28 feet along the westerly line of said Outlot Z,
thence N 89"21'50"E,296.41 feet along the southerly line of said Outlot Z,thence N 01°53'33' E,
1315.42 feet along the easterly line of said Outlot Z to the Point of Beginning; said Outlot Z
containing 9.58 acres;and
Parcel L,consisting of that part of the Fractional Southwest Quarter of Section 7,Township 83 North,
Range 23 West of the 5th P.M.,City of Ames,Story County,Iowa described as follows:Commencing
at the Northwest Corner of said Fractional Southwest Quarter, said point also being the Northwest
Corner of Parcel D as shown and described in Plat of Survey of record filed December 29,2005 in
Instrument No.2005-00016107 in the Office of the Story County Recorder;thence N 89'22' 19"E,
1685.26 feet(recorded as S 89'22'19"W, 1685.26 feet)along the Northerly line said Parcel D to the
Northeast Corner of said Parcel D,said point also being the Point of Beginning;thence continuing N
89°22' 19" E, 886.37 feet(recorded as S 89'22' 19"W)along said Northerly line to a point on the
Westerly right of way line of U.S. Interstate Highway No. 35;thence S 00'05'21" W,274.33 feet
along said Westerly right of way line;thence S 01'35'34"E, 800.33 feet along said Westerly right
of way line;thence S 05'32'51"W,240.89 feet along said Westerly right of way line to the Northeast
Corner of Outlot W in Dayton Park Subdivision Fourth Addition in said City of Ames;thence S 89'
21'50"W,928.35 feet(recorded as N 89'2 F 50"E)along said Northerly line to the Southeast Corner
of said Parcel D; thence N 01'53'33"E, 1315.42 feet(recorded as N 01°53'33"E, 1315.42 feet)
along the Easterly line of said Parcel D to the Point of Beginning; said Parcel L containing 27.65
acres.
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 10"day of February,2009.
✓t�wv � CI.Lr.L�I _
Diane Voss,City Clerk Anne H. Campbell,Mayor