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HomeMy WebLinkAboutA042 - Proof of publication dated December 24, 2013 n NI u m NO.I1M An Ordinance PrevldlnB for the DI-vision of of Taxes Levied on Taxabb (a)that portion of the ta»srwhich Presnrb In the Campustown Ur. would be produced by the We at ban Renewal Area, Pursuant to which the tax Is Isvled each year Section 493,19 of the Code of Iowa by or for each of the taxing dls- BE IT ENACTED by the Council of tricts upon the total sum of the the City of Ames,Iowa: assessed value of the'taxable Section 1.Purpose.The purpose of property In the Urban Renewal this ordinance Is to provide for the Area, as shown on the assess- division of taxes levied on the tax• ment roll as of January 1 of the able property in the Campustown calendar year preceding the first Urban Renewal Area,each year by calendar year In which the City and for the benefit of the state, certifies to the County Auditor the city, county, school districts or amount of loans, advances. In- other taxing districts after the ef. debtedness, or bonds payable fective date of this ordinance in from the special fund referred to order to create a special fund to in paragraph (b) below, shall be' Pay the principal of and Interest allocated to and when collected on loans, moneys advanced to or be paid Into the fund for the re- Proof Of Publication In Indebtedness, including bonds spective taxing district as taxes THE AMES TRIBUNE proposed to be Issued by the City by or for said taxing dlstrlct'Into of Ames to finance projects In which all other property taxes are ---- _ _ such area --------------�- - - - h paid.For the purpose of allocating Section 2. Definitions. For use taxes levied by or for any taxing within this ordinance the follow• district which did not Include the Ing terms shall have the following territory in the Urban Renewal STATE OF IOWA, STORY COUNTY,ss. meanings: Area on the effective date of this "City" shall mean the City of ordinance, but to which the terrl- Ames,Iowa. tory has been annexed or other- I, Geoff Schumacher, on oath depose and say County" shall mean Story Coun- wise Included after the effective ty,Iowa. date,the assessment roll appllca- that I am Editor of THE AMES TRIBUNE, Urban Renewal Area"shall mean bleto property in the annexed ter- the Campustown Urban Renewal ritory as of January i of the calen- a daily newspaper, published at Ames, Area,which Includes the property dar year preceding the effective Story County, Iowa;that the annexed printed Identified below,such Area having date of the ordinance which been Identified in the Urban Re., amends the plan for the Urban Re- newal Plan approved by the City newel Area to Include the an- Council by resolution adopted on nezed area,shall be used In deter- November 12,2013: mining the assessed valuation of City of Ames AAAL_DESCRIPTION_•__PARCEL the taxable property'in the an 'AA'1N BEARDSHEAR'S AD. (b)that area. Ordinance 4164 DITION AND PARKER'S ADDITION yearhIn portion of t such taxes mounts TO THE CITY OF AMES, STORY shall be allocated to and when COUNTY, IOWA, MORE PARTICU• collected be paid Into a special LARLY DESCRIBED AS FOLLOWS: fund of the City to pay the princi- waS newspaper ublished in saidBEGINNING AT THE NORTHWEST pal of and interest on loans,Mon - CORNER CORNER OF LOT 1, BLOCK 1 OF eys advanced to or Indebtedness, one time on December 24 2013; SAID BEARDSHEAR'S ADDITION: whether funded, refunded, as- THENCE S 89°55'58 E,146.33 FEET sumed or otherwise, including the last day of publication was ALONG THE NORTH LINE OF SAID bonds issued under the authority LOT 1;THENCE S 89°58'21" E,43.61 of Section 403.9(1),of the Code of the 24th day of December, 2013. FEET TO THE NORTHEAST CORNER Iowa, incurred by the City to fi- OF SAID LOT 1, ALSO BEING THE nance or refinance,In whole or in NORTHWEST CORNER OF LOT 1, part,projects in the Urbah Renew. PARKER'S ADDITION; THENCE S al Area,and to provide assistance 89°59'07" E.15.48 FEET ALONG THE for low and moderate-Income NORTHILINE OF LOT 1 OF PARKER'S" family housing as provided in Sec- ADDITION; THENCE S SV54'47" E, tion 403.22, except that taxes for 64.52 FEET ALONG THE NORTH LINE the regular and voter•approved OF LOT 1 OF PARKER'S ADDITION; physical plant and equipment levy THENCE S 00°26'08" E,74.21 FEET; of a school district Imposed Pur- � a.ety L THENCE S 89-58127" E,110.05 FEET suant to Section 298.2 of the Code Cara"skm MAnbw 78� TO THE EAST LINE OF LOT 1 OF of Iowa,to the extent authorized Com,mawskn E4*":1 6 SAID PARKER'S ADDITION;THENCE , -� in Section 403.19(2)of the Code of S 00°23'08" E, 114.22 FEET ALONGfor THE EAST LINE OF LOT 1 OF SAID Iowa, u support pew amtlevy of Instructional chool PARKER'S ADDITION TO THE district, to the extent authorized NORTHEAST CORNER OF PARCEL In Section 403.19(2)of the Code of X;THENCE N 89054143" W,189.95 Iowa,and taxes for the payment FEET ALONG THE NORTH LINE OF of bonds and interest of each tax- PARCEL "X" TO THE NORTHWEST Ing district shall be collected CORNER OF PARCEL 'X; THENCE against all taxable property within N00044'24"E,7.98 FEET ALONG THE the taxing district without limita- EAST LINE OF PARCEL 'B' TO THE tion by the provisions of this ordi- NORTHEAST CORNER OF PARCEL nance. Unless and until the total B'; THENCE N89142149" W, 190.34 assessed valuation of the taxable FEET TO THE NORTHWEST CORNER property In the Urban Renewal OF PARCEL 'S' ON THE EAST Area exceeds the total assessed RIGHT-OF-WAY LINE OF WELCH value of the taxable property In AVENUE; THENCE N00°21450" W. such area as shown by the as- 179.55 FEET ALONG THE WEST LINE sessment roll referred to In sub- OF LOTS 1 AND 2, BLOCK 1, section (a) of this section, AN of Notary Public BEARDSHEAR'S ADDITION TO THE the taxes levied and collected POINT OF BEGINNING ON THE EAST' upon the taxable property in the sworn to before me and subscribed in my RIGHT-OF-WAY OF WELCH AVENUE. Urban Renewal Area shall be,pald Section 3. Provisions for Division Into the funds for the"respective presence by Geoff Schumacher this Of Taxes Levied on Taxable Proper. taxing districts as taxes by or for ty In the Urban,Renewal Area.Af. said taxing districts in the same the 24th day of December, 2013. ter the effective date of this ordi. manner as all other property tax- nance,the taxes levied on the tax. es. When such loans, advances, able property In the Urban Renew. Indebtedness, and bonds, if any, FEE: $ 77.55 al Area each year by and for the and Interest thereon, have been benefit of the State of Iowa, the paid, all money thereafter re- AD#: 55141-1 City, the County and any school celved from taxes upon the taxa- district or other taxing district In ble property In the Urban Renewal ACCT: 33408 which the Urban Renewal Arsa is Area shall be paid Into the funds located, shall be divided as fol- for tine respective taxing districts lows: In the same manner-as tuxes on all other property. (c)the portion of taxes mentioned In subsection (b) of this section and the special fund Into which that portion shall be paid may be Irrevocably Pledged by the City for the payment of the principal and Interest on loans, advances, bonds Issued under the authorlty of Section 4039(1)of the Code of Iowa,or Indebtedness Incurred by the City to finance or refinance In whole or In part projects in the Ur- ban Renewal Area. . (d) as used In this section, the word "taxes" Includes, but Is not limited to, all'levies on an ad valorem basis upon land or real property. Section 4.Repealer.All ordinances or parts of ordinances In conflict with the provisions of this ordi- nance are hereby repealed. Section 5. Saving Clause. If any section, provision, or part of this ordinance shall be adjudged Inva- lid or unconstitutional, such adju- dication shall not affect the validl- tY of the ordinance as a whole or any section, provision or part thereof not adjudged invalid or unconstitutional. Section&Effective Date.This ordi- nance shall be effective after Its final Passage,approval and publi- cation as provided by law. Passed and approved by. the Council of the City of Ames,Iowa, on the loth day of December, 2013. Diane R.Voss,City Clerk Ann H.Campbell,Mayor Published on Dec.24,2013.(1T ORDINANCE NO. 4164 An Ordinance Providing for the Division of Taxes Levied on Taxable Property in the Campustown Urban Renewal Area, Pursuant to Section 403.19 of the Code of Iowa BE IT ENACTED by the Council of the City of Ames, Iowa: Section 1. Purpose. The purpose of this ordinance is to provide for the division of taxes levied on the taxable property in the Campustown Urban Renewal Area, each year by and for the benefit of the state, city, county, school districts or other taxing districts after the effective date of this ordinance in order to create a special fund to pay the principal of and interest on loans, moneys advanced to or indebtedness, including bonds proposed to be issued by the City of Ames to finance projects in such area. Section 2. Definitions. For use within this ordinance the following terms shall have the following meanings: "City" shall mean the City of Ames, Iowa. "County" shall mean Story County, Iowa. "Urban Renewal Area" shall mean the Campustown Urban Renewal Area, which includes the property identified below, such Area having been identified in the Urban Renewal Plan approved by the City Council by resolution adopted on November 12, 2013: LEGAL DESCRIPTION—PARCEL 'AA': PARCEL 'AA' 1N BEARDSHEAR'S ADDITION AND PARKER'S ADDITION TO THE CITY OF AMES, STORY COUNTY, IOWA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF LOT 1, BLOCK 1 OF SAID BEARDSHEAR'S ADDITION: THENCE S 89°55'58" E, 146.33 FEET ALONG THE NORTH LINE OF SAID LOT 1; THENCE S 89°58'21" E, 43.61 FEET TO THE NORTHEAST CORNER OF SAID LOT 1, ALSO BEING THE NORTHWEST CORNER OF LOT 1, PARKER'S ADDITION; THENCE S 89°59'07" E, 15.48 FEET ALONG THE NORTH LINE OF LOT 1 OF PARKER'S ADDITION; THENCE S 89°54'47" E, 64.52 FEET ALONG THE NORTH LINE OF LOT 1 OF PARKER'S ADDITION; THENCE S 00°26'08" E, 74.21 FEET; THENCE S 89°58'27" E, 110.05 FEET TO THE EAST LINE OF LOT 1 OF SAID PARKER'S ADDITION; THENCE S 00023'08" E, 114.22 FEET ALONG THE EAST LINE OF LOT 1 OF SAID PARKER'S ADDITION TO THE NORTHEAST CORNER OF PARCEL 'X'; THENCE N 89°54'43"W, 189.95 FEET ALONG THE NORTH LINE OF PARCEL "X" TO THE NORTHWEST CORNER OF PARCEL 'X'; THENCE N00°44'24" E, 7.98 FEET ALONG THE EAST LINE OF PARCEL 'B' TO THE NORTHEAST CORNER OF PARCEL 'B; THENCE N89°42'49" W, 190.34 FEET TO THE NORTHWEST CORNER OF PARCEL 'B' ON THE EAST RIGHT-OF-WAY LINE OF WELCH AVENUE; THENCE N00°21'50" W, 179.55 FEET ALONG THE WEST LINE OF LOTS 1 AND 2, BLOCK 1, BEARDSHEAR'S ADDITION TO THE POINT OF BEGINNING ON THE EAST RIGHT-OF-WAY OF WELCH AVENUE. Section 3. Provisions for Division of Taxes Levied on Taxable Property in the Urban Renewal Area. After the effective date of this ordinance, the taxes levied on the taxable property in the Urban Renewal Area each year by and for the benefit of the State of Iowa, the City, the County and any school district or other taxing district in which the Urban Renewal Area is located, shall be divided as follows: (a) that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the assessed value of the taxable property in the Urban Renewal Area, as shown on the assessment roll as of January 1 of the calendar year preceding the first calendar year in which the City certifies to the County Auditor the amount of loans, advances, indebtedness, or bonds payable from the special fund referred to in paragraph(b) below, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all other property taxes are paid. For the purpose of allocating taxes levied by or for any taxing district which did not include the territory in the Urban Renewal Area on the effective date of this ordinance, but to which the territory has been annexed or otherwise included after the effective date, the assessment roll applicable to property in the annexed territory as of January 1 of the calendar year preceding the effective date of the ordinance which amends the plan for the Urban Renewal Area to include the annexed area, shall be used in determining the assessed valuation of the taxable property in the annexed area. (b) that portion of the taxes each year in excess of such amounts shall be allocated to and when collected be paid into a special fund of the City to pay the principal of and interest on loans, moneys advanced to or indebtedness, whether funded, refunded, assumed or otherwise, including bonds issued under the authority of Section 403.9(1), of the Code of Iowa, incurred by the City to finance or refinance, in whole or in part, projects in the Urban Renewal Area, and to provide assistance for low and moderate-income family housing as provided in Section 403.22, except that taxes for the regular and voter-approved physical plant and equipment levy of a school district imposed pursuant to Section 298.2 of the Code of Iowa, to the extent authorized in Section 403.19 (2) of the Code of Iowa, taxes for the instructional support program levy of a school district, to the extent authorized in Section 403.19(2) of the Code of Iowa, and taxes for the payment of bonds and interest of each taxing district shall be collected against all taxable property within the taxing district without limitation by the provisions of this ordinance. Unless and until the total assessed valuation of the taxable property in the Urban Renewal Area exceeds the total assessed value of the taxable property in such area as shown by the assessment roll referred to in subsection (a) of this section, all of the taxes levied and collected upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. When such loans, advances, indebtedness, and bonds, if any, and interest thereon, have been paid, all money thereafter received from taxes upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts in the same manner as taxes on all other property. (c) the portion of taxes mentioned in subsection(b) of this section and the special fund into which that portion shall be paid may be irrevocably pledged by the City for the payment of the principal and interest on loans, advances, bonds issued under the authority of Section 403.9(1) of the Code of Iowa, or indebtedness incurred by the City to finance or refinance in whole or in part projects in the Urban Renewal Area. (d) as used in this section, the word "taxes" includes, but is not limited to, all levies on an ad valorem basis upon land or real property. Section 4. Repealer. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 5. Saving Clause. If any section, provision, or part of this ordinance shall be adjudged invalid or unconstitutional, such adjudication shall not affect the validity of the ordinance as a whole or any section,provision or part thereof not adjudged invalid or unconstitutional. Section 6. Effective Date. This ordinance shall be effective after its final passage, approval and publication as provided by law. Passed and approved by the Council of the City of Ames, Iowa, on the loth day of December, 2013. Diane R. Voss, City Clerk Ann H. Campbell, Mayor 2 Ames419370-31\UR HrgOrd ORDINANCE NO. An Ordinance Providing for the Division of Taxes Levied on Taxable Property in the Campustown Urban Renewal Area, Pursuant to Section 403.19 of the Code of Iowa BE IT ENACTED by the Council of the City of Ames, Iowa: Section 1. Purpose. The purpose of this ordinance is to provide for the division of taxes levied on the taxable property in the Campustown Urban Renewal Area, each year by and for the benefit of the state, city, county, school districts or other taxing districts after the effective date of this ordinance in order to create a special fund to pay the principal of and interest on loans, moneys advanced to or indebtedness, including bonds proposed to be issued by the City of Ames to finance projects in such area. Section 2. Definitions. For use within this ordinance the following terms shall have the following meanings: "City" shall mean the City of Ames, Iowa. "County" shall mean Story County, Iowa. "Urban Renewal Area" shall mean the Campustown Urban Renewal Area, which includes the property identified below, such Area having been identified in the Urban Renewal Plan approved by the City Council by resolution adopted on November 12, 2013: LEGAL DESCRIPTION—PARCEL 'AA': PARCEL 'AA' IN BEARDSHEAR'S ADDITION AND PARKER'S ADDITION TO THE CITY OF AMES, STORY COUNTY, IOWA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF LOT 1, BLOCK 1 OF SAID BEARDSHEAR'S ADDITION: THENCE S 89°55'58" E, 146.33 FEET ALONG THE NORTH LINE OF SAID LOT 1; THENCE S 89°58'21" E, 43.61 FEET TO THE NORTHEAST CORNER OF SAID LOT 1, ALSO BEING THE NORTHWEST CORNER OF LOT 1, PARKER'S ADDITION; THENCE S 89°59'07" E, 15.48 FEET ALONG THE NORTH LINE OF LOT I OF PARKER'S ADDITION; THENCE S 89°54'47" E, 64.52 FEET ALONG THE NORTH LINE OF LOT 1 OF PARKER'S ADDITION; THENCE S 00°26'08" E, 74.21 FEET; THENCE S 89°58'27" E, 110.05 FEET TO THE EAST LINE OF LOT 1 OF SAID PARKER'S ADDITION; THENCE S 00°23'08" E, 114.22 FEET ALONG THE EAST LINE OF LOT 1 OF SAID PARKER'S ADDITION TO THE NORTHEAST CORNER OF PARCEL 'X'; THENCE N 89°54'43" W, 189.95 FEET ALONG THE NORTH LINE OF PARCEL "X" TO THE NORTHWEST CORNER OF PARCEL 'X'; THENCE N00°44'24"E, 7.98 FEET ALONG THE EAST LINE OF PARCEL 'B' TO THE NORTHEAST CORNER OF PARCEL 'B'; THENCE N89°42'49"W, 190.34 FEET TO THE NORTHWEST CORNER OF PARCEL W ON THE EAST RIGHT-OF-WAY LINE OF WELCH AVENUE; THENCE N00°21'50"W, 179.55 FEET ALONG THE WEST LINE OF LOTS 1 AND 2, BLOCK 1, BEARDSHEAR'S ADDITION TO THE POINT OF BEGINNING ON THE EAST RIGHT-OF-WAY OF WELCH AVENUE. -3- DORSEY& WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA Ames419370-31\UR HrgOrd Section 3. Provisions for Division of Taxes Levied on Taxable Property in the Urban Renewal Area. After the effective date of this ordinance, the taxes levied on the taxable property in the Urban Renewal Area each year by and for the benefit of the State of Iowa, the City, the County and any school district or other taxing district in which the Urban Renewal Area is located, shall be divided as follows: (a) that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the assessed value of the taxable property in the Urban Renewal Area, as shown on the assessment roll as of January 1 of the calendar year preceding the first calendar year in which the City certifies to the County Auditor the amount of loans, advances, indebtedness, or bonds payable from the special fund referred to in paragraph(b) below, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all other property taxes are paid. For the purpose of allocating taxes levied by or for any taxing district which did not include the territory in the Urban Renewal Area on the effective date of this ordinance, but to which the territory has been annexed or otherwise included after the effective date, the assessment roll applicable to property in the annexed territory as of January 1 of the calendar year preceding the effective date of the ordinance which amends the plan for the Urban Renewal Area to include the annexed area, shall be used in determining the assessed valuation of the taxable property in the annexed area. (b) that portion of the taxes each year in excess of such amounts shall be allocated to and when collected be paid into a special fund of the City to pay the principal of and interest on loans, moneys advanced to or indebtedness, whether funded, refunded, assumed or otherwise, including bonds issued under the authority of Section 403.9(1), of the Code of Iowa, incurred by the City to finance or refinance, in whole or in part, projects in the Urban Renewal Area, and to provide assistance for low and moderate- income family housing as provided in Section 403.22, except that taxes for the regular and voter-approved physical plant and equipment levy of a school district imposed pursuant to Section 298.2 of the Code of Iowa, to the extent authorized in Section 403.19 (2) of the Code of Iowa, taxes for the instructional support program levy of a school district, to the extent authorized in Section 403.19(2) of the Code of Iowa, and taxes for the payment of bonds and interest of each taxing district shall be collected against all taxable property within the taxing district without limitation by the provisions of this ordinance. Unless and until the total assessed valuation of the taxable property in the Urban Renewal Area exceeds the total assessed value of the taxable property in such area as shown by the assessment roll referred to in subsection(a) of this section, all of the taxes levied and collected upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. When such loans, advances, indebtedness, and bonds, if any, and interest thereon, have been paid, all money thereafter received from taxes upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts in the same manner as taxes on all other property. -4- DORSEY & WHITNEY LLP,ATTORNEYS,DES MOINES,IOWA