HomeMy WebLinkAboutAtt 1 Re: ISURP TIF Ordinance Schedule _1
Victoria Feilmeyer to: Kelly Diekmann 09/16/2019 10:58 AM
Cc: Diane R Voss,Justin Moore, Mark Lambert
After our meeting last week, we completed a draft ordinance shown below and retrieved all of the
documents related to both the adoption of the Plan in 2014 and the first TIF ordinance. We have sent the
documents to Bob Josten to consult as he drafted the original documents related to the 2014 adoption.
We expect to have comments from him tomorrow. In the interim, the draft Ordinance is attached. Please
send us your CAF once you have it complete. Thank you.
Draft Ordinance for TIF Area II within ISURP Urban Renewal Area.pdf
Ames
Victoria A. Feilmeyer
Assistant City Attorney
515.239.5146 main 1515.239.5142 fax
vfeilmeyer@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010
www.CityofAmes.org I ~Caring People-Quality Programs-Exceptional Service -
Kelly Diekmann Hello all, it seems that we have not closed the lo... 09/16/2019 10:38:37 AM
From: Kelly Diekmann/COA
To: Mark Lambert/COA@COA,Victoria Feilmeyer/COA@COA, Diane R Voss/COA@COA
Cc: Justin Moore/COA@COA
Date: 09/16/2019 10:38 AM
Subject: ISURP TIF Ordinance Schedule
Hello all, it seems that we have not closed the loop on noticing requirements
and it would a tight fit to meet the presumed between 4 and 20 days notice
for an ordinance on the Sept. 24th agenda. I am fine taking the item off of
the 24th agenda, but I want to have it on the October 8th agenda to ensure
the whole process is all done and completed before December 1st.
We need to have a determination this week that the notice for the ordinance
is in fact the typical between 4 and 20 so Planning can provide Diane the
required information for publishing by September 25th. This will allow for
the item to be on October 8th City Council meeting for first reading.
Let me know if anyone has concerns about this timeline as soon as possible.
Kelly Diekmann
Planning and Housing Director
515.239.5400- main 1 515.239.5181 direct 1 515.239.5404 -1,ax
kdiekmann@city.ames.ia.usI City Hall, 515 Clark Avenue I Ames, IA 50010
www.CitVofAmes.org " Caring People — Quality Programs — Exceptional Service
CITY 0�
Ames
ORDINANCE NO.
AN ORDINANCE TO AMEND THE MUNICIPAL CODE OF
THE CITY OF AMES, IOWA, BY ENACTING A NEW
SECTION 24.18 THEREOF, FOR THE PURPOSE OF A TAX
INCREMENT FINANCING DISTRICT; REPEALING ANY
AND ALL ORDINANCES OR PARTS OF ORDINANCES IN
CONFLICT TO THE EXTENT OF SUCH CONFLICT; AND
ESTABLISHING AN EFFECTIVE DATE.
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 enacting a new Section as follows:
"Sec. 24.18. TAX INCREMENT FINANCING DISTRICT.
(1) Purpose.The purpose of this ordinance is to provide for the division of taxes levied
on the taxable property in the Iowa State University Research Park 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.
(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 Iowa State University Research Park 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 ordinance 4198 adopted on November
10'',2014:
3525 South Riverside Drive(0922150100)
Iowa State University Research Park Phase III P Addition Lot: 1.
Beginning at the northeast comer of Lot A, Iowa State University Research Park Phase III Third Addition,
City of Ames, Story County, Iowa, point also being on the east right-of-way line of S. Riverside Drive;
thence south on said east right-of-way line to the southeast corner of Lot B of said Addition; thence S
89159'52"W,on the south line of Lot 1 of said Addition,a distance of 347.98 feet;thence S 36°15'49"W,
on the south line of said Lot 1, a distance of 199.46 feet;thence N 33°49'00" W, on the west line of said
Lot 1 to a point on the southwest corner of Outlot A of said Addition,a distance of 252.68 feet;thence N
33149'00"W,on the west line of said Outlot A to a point on the south right-of-way line of a future eighty
foot(80')wide roadway,a distance of 252.16 feet;thence southwesterly on said future south right-of-way
line to the extended west line of Outlot Y, Iowa State University Research Park Phase III Ist Addition;
thence N 39°49'07" W, on said extended west line of Outlot Y to the north right-of-way of said future
eighty foot(80') wide roadway; thence N 39°49'07" W, on said west line of Outlot Y, to a point on the
north line of said Outlot Y,a distance of 705.96 feet;thence N 35154'39"E,on said north line to a point on
said north line,a distance of 375.38 feet;thence N 51°07'52"E,on said north line to a point on said north
line, a distance of 509.03 feet; thence N 15°31"36" E, on said north line to a point on said north line, a
distance of 122.07 feet;thence N 78103'58"E,on said north line to a point on said north line,a distance of
591.22 feet; thence S 84°05'51" E, on said north line to a point on the west right-of-way line of S.
Riverside Drive, point also being the northwest corner of Lot A, Iowa State University Research Park
Phase III Third Addition,a distance of 274.12 feet;thence S 89°49'34"E,on the north line of said Lot A,a
distance of 40.00 feet,to the point of beginning.
(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 t 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 I 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 mode rate-income family housing as
provided in Section 403.22 of the Code of Iowa, 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, imposed pursuant to Section 257.19 of
the Code of Iowa, to the extent authorized in Section 403.19(2)of the Code of Iowa, taxes for the
payment of bonds and interest of each taxing district, and taxes imposed under Section
346.27(22) of the Code of Iowa,related to joint county-city buildings, 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 sect ion, the word "taxes" includes, but is not limited
to,all levies on an ad valorem basis upon land or real property.
(4) Repealer. All ordinances or parts of ordinances in conflict with the
provisions of this ordinance are hereby repealed."
Section Two.All ordinances,or parts of ordinances,in conflict herewith are hereby repealed to the
extent of such conflict,if any.
Section Three. This ordinance shall be in full force and effect from and after its passage and
publication as required by law.
Passed this day of
Diane R.Voss,City Clerk John A.Haila,Mayor
ISURP TIF Ordinance Schedule
Mark Lambert, Victoria Feilmeyer, Diane R
Kelly Diekmann to: Voss 09/16/2019 10:38 AM
Cc: Justin Moore
Hello all, it seems that we have not closed the loop on noticing requirements
and it would a tight fit to meet the presumed between 4 and 20 days notice
for an ordinance on the Sept. 24th agenda. I am fine taking the item off of
the 24th agenda, but I want to have it on the October 8th agenda to ensure
the whole process is all done and completed before December 1st.
We need to have a determination this week that the notice for the ordinance
is in fact the typical between 4 and 20 so Planning can provide Diane the
required information for publishing by September 25th. This will allow for
the item to be on October 8th City Council meeting for first reading.
Let me know if anyone has concerns about this timeline as soon as possible.
Kelly Diekmann
Planning and Housing Director
515.239.5400- main 515.239.5181 direct 515.239.5404 -1ax
kdiekmann@city.ames.ia.usI City Hall, 515 Clark Avenue I Ames, IA 50010
www.CityofAmes.org " Caring People — Quality Programs — Exceptional Service