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Home My WebLink AboutAtt 7 Proof Of Publication In THE AMES TRIBUNE ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- STATE OF IOWA. STORY COUNTY,ss. I. Kim Fowler. on oath depose and say that I am General Manager of THE AMES TRIBUNE, a daily newspaper, published at Ames. Story County. Iowa; that the annexed printed CITY OF AMES Ordinance No 4396 was published in said newspaper 1 time(s) on November 15, 2019 the last of said publication was on the 15th day of November, 2019 KIMBERLY NELSEN Commission Number 790054 bw► My Commission Expires May 19,2021 Notary Public sworn to before me and subscribed in my presence by Kim Fowler, General Manager this 15th day of November, 2019 AMT: $106.65 n 22 AD #: 1294369 ACCT: 33408 NOV 7 �� 9 I CITY CLERK I CITY OF AMES, IOWA Legal Notice Legal Notice I Legal Notice I Legal Notice 41294369 thence 58806'58"E, 713.46 feet: taxes levied by or for any taxing curred by the City to finance or re- ORDINANCE NO.43% thence NO3Qo4'35"E. 414.92 feet: district which did not include the finance In whole or in part pro]- AN ORDINANCE TO AMEND THE thence S87Q45'55"E, 585.84 feet; territory in the 2014 Tax Increment ects in the Urban Renewal Area. MUNICIPAL CODE OF THE CITY OF thence S00911'18"W, 49.93 feet; District on the effective date of (d)as used In this section,the AMES,IOWA,BY INCORPORATING thence S89Q14'47"E. 296.62 feet: this ordinance, but to which the word "taxes" Includes, but is not ORDINANCE 4198"PASSED thence N56Q46'25"E, 622.15 feet; territory has been annexed or oth- limited to, all levies on an ad NOVEMBER 10,2014",AS NEW thence N89952'19"E, 512.38 feet to erwise included after the effective valorem basis upon land or real SECTION 24.18,THEREOF,FOR THE the East line of the Southwest date,the assessment roll applica- property." PURPOSE OF AMENDING THE Quarter of said Section 15;thence ble to property in the annexed ter- Section Two. All ordinances, or LEGAL DESCRIPTION FOR THE S00Q10'26"W, 668.83 feet along ritory as of January 1 of the calen- parts of Ordinances. in conflict FIFTH TAX INCREMENT FINANCING said line; thence N89049'34"W. dar year preceding the effective herewith are hereby repealed to DISTRICT(ISU RESEARCH PARK); 40.00 feet: thence N84905'51"W, date of the ordinance which the extent Of such conflict,if any. REPEALING ANY AND ALL 274.12 feet; thence S781203'58"W amends the plan for the Urban Re- Section__Three_. This ordinance ORDINANCES OR PARTS OF 591.22 feet: thence S15Q31'36"W, newal Area to include the an- shall be in full force and effect ORDINANCES IN CONFLICT TO THE 122.07 feet: thence S51007'52"W, nexed area,shall be used in deter- from and after its passage and EXTENT OF SUCH CONFLICT;AND 509.09 feet; thence S35U54'39"W, mining the assessed valuation of publication as required by law. ESTABLISHING AN 375.38 feet; thence S39Q49'11E, the taxable property in the an- Passed this 12th day of Novem- EFFECTIVE DATE. 705.92 feet to the beginning of a nexed area. ber,2019 curve; thence southwesterly, I (b) that portion of the taxes Diane R.Voss,City Clerk BE IT ENACTED,by the City Coun- westerly, and northwesterly, each year in excess of such John A.Halla.Mayor cil for the City of Ames.Iowa.that: 583.54 feet along said curve hay. amounts shall be allocated to and Section One. The Municipal Ing a radius of 810.00 feet concave when collected be paid into a spe- Published in the Ames Tribune on Code Section of-the City of Ames, Iowa to the north, a central angle of cial fund of the City to pay the November 15,2019(1T) shall be amended by codifying 41Q16'38" and being subtended by principal of and interest on loans, and incorporating therein Eyingordi- a chord which bears S89922'02"W, moneys advanced to or indebted- nance 4198, duly Passed and ap- 571.00 feet; thence 519Q40'37"W, ness. whether funded. refunded, proved 9 November 10, 2014. 79.93 feet to the beginning of a assumed or otherwise, including That part of Ordinance 4198 defin- curve;thence southerly and east- bonds Issued under the authority ing the "2014 Tax Increment Dis- erly• 356.26 feet along said curve of Section 403.9(1),of the Code of trict"is deleted and a new defini- having a radius of 890.00 feet con- Iowa, incurred by the City to fi- tion of "2014 Tax Increment Dis- cave to the north,a central angle nance or refinance, In whole or in trlct"is inserted in lieu thereof as of 22Q.56'07" and being subtended part,projects in the Urban Renew- set out hereinafter. The following, by a chord which bears al Area,and to provide assistance therefore, is added as a new sec- S81Q45'59"E, 353,89 feet; thence for low and moderate- income tion: SOOQ01'56"E. 197.61 feet; thence family housing as provided in Sec- "Sec.24.18.FIFTH TAX INCREMENT S71956'15"W, 300.81 feet; thence tion 403.22, except that taxes for FINANCING DISTRICT. S89431'52"W. 173.95 feet; thence the regular and voter-approved 1. Purpose. The purpose of this SWU27'42"E, 167.96 feet; thence physical plant and equipment levy ordinance is to provide for the is 589432'37"W, 420.00 feet; thence of a school district imposed Pur- ordivision of taxes levied on certain NOOQ27'42"W, 168.00 feet; thence suant to Section 298.2 of the Code taxable property in the Iowa State S89Q30'31"W, 324.19% thence of Iowa. to the extent authorized University Research Park Urban 589Q39'36"W, 96.95 feet to the in Section 403.19 (2) of the Code Renewal Area, each year by and West line of said Section 22; of Iowa,taxes for the instructional the state, city, thence NOOQ24'00"W.349.23 feet to support Program levy of a school for the benefit a county, school districts other the Southwest Corner of the district, to the extent authorized [axing districts after the effective Northwest Quarter of the North- in Section 403.19(2)of the Code of date of this ordinance in order to west Quarter of said Section 22; Iowa, and taxes for the payment create a special fund to pay the thence NOOQ23'42"W, 1319.25 feet of bonds and interest of each tax- principal of and interest on loans, to the point of beginning(contain- Ing district shall be collected moneys advanced to or indebted- ing 80.00 acres),and Lots 4,5,6,7, against all taxable property within ness.Including bonds proposed to 8,and 9.Iowa State University Re- the taxing district without limita- ne Issued by the City r Ames to search Park Third Addition, all tion by the provisions of this ordi- finance projects In such urban to within Ames,Story County,Iowa. nance. Unless and until the total finance area. 3. Provisions for Division of Tax- assessed valuation of the taxable 2. Definitions. For use within es Levied on Taxable Property Ir property in the 2014 Tax Incre- this ordinance the following terms the 2014 Tax Increment District. ment District exceeds the total as- have the following mean- After the effective date of this or- sessed value of the taxable prop- shalldinance. the taxes levied on the erty in such area as shown by the ings: " City" shall mean the City of taxable property in the 2014 Tax assessment roll referred to in sub- Ames,Iowa. Increment District each year by section (a) of this section, all of "County"shall mean Story Coun• and for the benefit of the State of the taxes levied and collected ty,Iowa. Iowa.the City,the County and any upon the taxable property in the "Urban Renewal Area" shall school district or other taxing dis- 2014 Tax Increment District shall mean the Iowa State University trict in which the 2014 Tax Incre- be paid Into the funds for the re- mean Park Urban Renewal ment District is located, shall be spective taxing districts as taxes Area,such Area having been iden• divided as follows: by or for said taxing districts in tified in the Urban Renewal Plan (a) that portion of the taxes the same manner as all other approved by the City Council of which would be produced by the property taxes. When such loans. the City by resolution adopted on rate at which the tax is levied advances, indebtedness, and November loth,2014: each year by or for each of the bonds. if any, and interest there. "2014 Tax Increment District" taxing districts upon the total sum on, have been paid, all money shall mean certain taxable proper- of the assessed value of the taxa- thereafter received from taxes ty located within the Urban Re- ble property in the 2014 Tax Incre- upon the taxable property in the newal Area described as follows: ment District.as shown on the as- 2014 Tax Increment District shall ISU Research Park sessment roll as of January 1 of be paid into the funds for the re- Urban Renewal Area the calendar year preceding the spective taxing districts in the 2014 TIF Legal Description City calendar year in which the same manner as taxes on all other Part Of the Southwest Quarter of City certifies to the County Audi- property. Section 15.and part the North for the amount of loans, advan- (c) the portion of taxes men- Half of Section 22,all in Township ces.indebtedness, or bonds Paya- tioned in subsection (b) of this 83 North,Range 24 West of the 5th ble from the special fund referred section and the special fund into 83 N Story County, Iowa, all t h to in paragraph(b)below,shall be which that portion shall be paid P.gether being described w follows: allocated to and when collected may be irrevocably Pledged by Beginning at the Northwest follows: Cor be paid into the fund for the re- the City for the payment of the Beginning of said Section 22: thence spective taxing district as taxes principal and interest on loans, ner of said 1Secti feet along the by or for said taxing district Into advances,bonds issued under the N00West line of said Section he15; which all other property taxes are authority of Section 403.9(1)of the Paid.For the purpose of allocating i Code of Iowa,or indebtedness in-