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Home My WebLink AboutA004 - Letter from Dorsey & Whitney LLP dated November 25, 2014 {iY0- xV Ames" Smart Choice November 25, 2014 Dorsey & Whitney LLP 801 Grand, Suite 4100 Des Moines, Iowa 50309 Attention Robert E. Josten RE: Your File No.: 419370-53 Iowa State University Research Park Urban Renewal Area Dear Bob: Enclosed please find the Publisher's Affidavit pertaining to Ordinance No. 4198 evidencing that said Ordinance was published on November 18, 2014. Thank you for your assistance. Sincerely, Diane R. Voss City Clerk /dry Enclosure Page 9 STATE OF IOWA COUNTY OF STORY SS: CITY OF AMES I, the undersigned, City Clerk of the City of Ames do hereby certify that all ordinance of the City shown to have been adopted by the Council and approved by the Mayor thereof on November 10, 2014, entitled: "Ordinance No. 4198, An Ordinance Providing for the Division of Taxes Levied on Certain Taxable Property and Establishing the 2014 Tax Increment District in the Iowa State University Research Park Urban Renewal Area, Pursuant to Section 403.19 of the Code of Iowa," was published as required by state law, in the form shown attached to the publisher's affidavit affixed hereto. I WITNESS my hand this a5 day of Kt0yb/V149a,- ) 2014. City Clerk U:\CCFUP\URBAN RENEWAL\Iowa State University Research Park\Completed TIF Ordinance Proceedings and Ordinance.I 1 1014.doe Proof Of Publication In THE AMES TRIBUNE STATE OF IOWA, STORY COUNTY,ss. I, Paul Heidbreder, on oath depose and say that I am Publisher of THE AMES TRIBUNE, a daily newspaper, published at Ames, Story County, Iowa; that the annexed printed ORDINANCE NO.4198 CITY OF AMES #369289 ORDINANCE•NO.4198 ISU Research Park Urban Renewal Area 2014 TIF Legal Description An Ordinance Providing for the Di- Part of the Southwest Quarter vision-of Taxes Levied on Certain of Section 15, and part of the Taxable Property:and Establishing North Half of.Section .22, all In was published in said newspaper the 2014 Tax Increment District In Township 83 North,Range 24 West the .Iowa State University Re- of the Sth P.M.,Story County,Iowa, 1 time(s) on November 18, 2014; search Park Urban Renewal Area, all together being described as Pursuant to Section 403.19 of the follows: Beginning at the North- the last of said publication was on Code of Iowa west Corner of said Section 22; the 18th day of November, 2014. BE IT ENACTED by the Council of thence N00°04'27"E, 149.78 feet the city of Ames;Iowa: along the West line of said.Section Section 1. Purpose. The pur- 15;thence S88°361S8"E,713A6 feet; Pose of this ordinance Is to pro- thence `NO3"04'35"E, 414.92 feet; vide forthe division of taxes lev- thence S87145155"E, 585.84 feet; led on certaln`taxable property In thence S00°31'18"W, 49.93 feet; the :Iowa State University Re- thence S89114'47"E, '296.62 feet; search Park Urban Renewal Area, thence "N564675"E, -622.15 feet; each Year.by and for the benefit of thence`N89°52'19"E, 512.38 feet to the state,city,county,school dis- the East line of the Southwest /) tricts or other taxing districts af. Quarter of said Section 15;thence T (�_/�i✓� ter the effective.date of this ordi- S00*10126"W, 669.05 feet along 11 nance-In order to create a special said line; thence N89°49134"W, fund 'to pay the principal of and 37.81 feet; thence -N64°OS'51"W, Interest on loans, moneys ad. 276.32 feet; thence S68°34111"W, vaned to or:Indebtedness, in- 656.51 feet; thence 'S51°07152"W, ciuding bonds proposed to be Is- 509.09 feet; thence S33'40'40"W, sued by the City of Ames to fi- 379.47 feet; thence S39"49'19"E, nance projects In such urban re- 815.40 feet to the beginning of a newal area curve; thence southwesterly, Section 2.Deflnitions. For use westerly and northwesterly, L.URRI L.BRANDT within this ordinance the follow- 522.64 feet along said curve hav- CommkoWn Nmber7111M Ing.terms shall have the following ing a radius*of 387.50 feet,-con- meanings: cave to`the north,a central angle "City" shall mean the city of of by 77°a16'4 chord being ewhich subtended bears Ames,Iowa. "County"shall mean Story County, S83`12151"W, 483.92 feet; thence Iowa N58`08'48"W tangent to said "Urban Renewal Area"shall mean curve, 178.94 feet; thence the Iowa State University re search Park Urban Renewal Area, such Area'having been Identified In the Urban Renewal Plan ap- Proved by the City Council of the Notary Public City by resolution adopted on No. vember 10,2014. sworn to before me and subscribed in my "2014 Tax Increment District"shall mean certain taxable property lo. presence by Paul Heidbreder cated within the Urban Renewal this the 18th day of November, 2014. Area described as follows: FEE: $116.41 AD#: 369289 ACCT: 33408 S 5.00 feet; thence for low and moderate-income '48"E, 178.94 feet to the be- family housing as provided in Sec- ning of a curve tangent to said tion 403.22, except that taxes for line; thence southeasterly and the regular and voter-approved easterly, 241.14 feet along said physical plant and equipment levy curve having a radius of 462.50 of a school district imposed pur- feet,-concave to the north,.a.cen- suant to Section 298.2 of the Code tral angle of 29'52'22" and being of Iowa, to the extent authorized' subtended by a chord which bears in Section 403.19(2),ofthe Code of S73°04'59"W, 238.42 feet; thence Iowa, taxes for the Instructional S66"30'18"W, 349.16 feet; thence support program levy of a school S89"27'41"W, .1016.22 feet to the district, to the extent authorized West line of said Section 22; in Section 403.19(2)of the Code of thence N00"24'00"W,349.46 feet to Iowa,and taxes'for.the payment the Southwest Comer of the of bonds and interest of each tax- Northwest Quarter of the North- ing district shall be collected west Quarter of said Section 22; against all taxable property within thence N00°2342"W, 1319.25 feet the.taxing districtwithout Iimita- to the.polnt of beginning,contain- tion by the provisions of this ordi- ing 80.25 acres,and nance. Unless and.until the.total ISU Research Park,>3rd.Addition, assessed valuation of the taxable Lots-4, S.6,7,8;and 9,all within property in the 2014 Tax Incre- Ames,Story County,Iowa. ment District exceeds the total as- Section 3. Provisions for-Divl- sessed value,of the taxable prop- sion of Taxes Levied on Taxable erty In such area as shown by the Property in the 2014 Tax Increment assessment roll referred to In sub- District. After the effective date section (a) of this section, all of of this ordinance,-the taxes levied the taxes levied and collected on the taxable property In,the upon the taxable property in the 2014 Tax Increment-District each 2014 Tax.increment District shall year by and for the benefit of the ..be paid into the funds:for the re- state of Iowa,the City,the County spective taxing districts as taxes and any school district or other by or for said taxing districts in taxing district in which the 2014 the same manner as all other Tax Increment District Is located, property taxes. When such loans, shall be divided as follows: advances, indebtedness, and (a) that portion of the taxes bonds, If any,and interest there- which would;be-produced.by the on, have been paid, all money rate at which the tax is levied thereafter received ;from taxes each:Year.by or for each of the upon the taxable property in the taxing.districts upon the total sum 2014 Tax Increment.District shall of the assessed value of the taxa- be paid into the funds for the re- ble Property in the 2014 Tax.lncre- spective taxing districts In the ment District,as shown on thews- same manner as taxes on all other sessment roll as of.January 1 of property. the calendar year preceding the (c) the portion of taxes men- first>calendar year in which the tioned in subsection (b) of this City:certifies to the County Audi- section and the special fund into for the amount;of loans, advan- which that portion shall be paid ces,Indebtedness,or bonds paya- maybe Irrevocably pledged by the ble from the special fund referred City for the payment of the princi-, to in paragraph(b)below,shall be paf Band Interest on loans,advan- allocated to and when collected ces, bonds°Issued under the cu- be paid Into the fund for the.re- thorlty of.Section403.9(1) of the spective taxing district as taxes Code-of Iowa,or Indebtedness In- by or for said taxing district into curred by the City to finance or re- which all other Property taxes are finance In whole or In part proj- paid. For the.purpose of allocat- ectsin.the.Urban Renewal Area. ing taxes levied by or for any tax- (d)as used In this section,the ing district which did not include word "taxes" Includes, but is not the territory In the 2014 Tax Incre. limited to, all levies on an ad ment District on the effective date, valorem basis upon land or real of this ordinance;but to which the property. territory has been annexed or.oth- Section 4.Repealer.All ordinan- erwlse Included after the effective ces or parts of ordinances in con- date,the assessment roll applica- fllct•with the,provisions of this or- ble to property in the annexed ter- dinance are hereby repealed. rltorY as of January I of the calen. Section S. Saving Clause. If any dar year preceding the effective section, provision, or part of this date of the ordinance which ordinance shall be adjudged Inva- amends the plan for the Urban Re- lid or unconstitutional, such adju- newal Area to .include the an- dicatlon shall not affect the validl- nexed area,shall,beused In deter- ty of the ordinance as a whole or mining the assessed valuation of any section, provision or part the taxable property in the an- thereof not adjudged Invalid or nexed area. unconstitutional (b) that portion of the taxes Section 6. Effective Date. This each Year In excess of such ordinance shall be effective after amounts shall be allocated to-and Its final passage, approval and when collected be paid Into a spe- publication,as provided by law. cial fund of the City to pay the Passed and approved .by the principal of and Interest on loans, Council of the City of Ames,Iowa, moneys advanced to or indebted. on November 10,2014. ness, whether funded, refunded, Diane R.Voss,City Clerk assumed or otherwise, including Ann H.Campbell,Mayor bonds issued under the authority of Section 403.9(1),of the Code of Published In the Ames Tribune on Iowa, Incurred by the City to fi- .November 182014'(1T) nance or refinance,in whole or In part,projects In the Urban Renew- al Area and to provide assistance