HomeMy WebLinkAboutAtt 7 Proof Of Publication In
THE AMES TRIBUNE Lot 1,Iowa State University Re-
--------------- -"-•---------------------------- search Park Phase 111,Third Addi-
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Story
for Division as 3525 wa(lx-
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cally 1294381
iver-
ORDINANCE NO.4397
STATE OF IOWA, STORY COUNTY,ss. AN ORDINANCE TO AMEND THE
MUNICIPAL CODE OF THE CITY OF es Levied on Taxable Property it
AMES,IOWA.BY LNACTING A NEW the Urban Renewal Area.After the
SECTION 24.19 THEbEOF,FOR THE effective date of this ordinance.
I, Kim Fowler, on oath depose and say that PURPOSE OF A TAX INCREMENT the taxes levied on the taxable
FINANCING DISTRICT;REPEALING property in the Urban Renewal
I am General Manager of THE AMES TRIBUNE, ANY AND ALL ORDINANCES OR Area each year by and for the
PARTS OF ORDINANCES IN benefit of the State of Iowa, the
a daily newspaper, published at Ames, CONFLICT TO THE EXTENT OF City, the County and any school
SUCH CONFLICT;AND district or Other taxing district In
Story County, Iowa: that the annexed printed ESTABLISHING AN which the Urban Renewal Area is
EFFECTIVE DATE. located, shall be divided as fol.
lows:
BE IT ENACTED,by the City Coun- (a) that portion of file taxes
cil for the City of Ames.Iowa.that: which would be produced by the
CITY OF AMES Cosection_ one. The Municipal rate at which the tax is levied
de of the City of Ames. Iowa each year by or for each of the
shall be and the same is hereby taxing districts upon the total sum
Ordinance No 4397 amended by enacting a new Sec- I of the assessed value of the taxa-
tion 24.19 as follows: ble property in the Urban Renewal
"Sec.24.19.SIXTH TAX INCREMENT Area, as shown on the assess-
FiNANCING DISTRICT. ment roll as of January I of the cal-
was published in said newspaper endar year preceding the first cal.
p (1)Purpose.The purpose of this
ordinance is to provide for the di- endar year in which the City certi-
1 time(s) on November 15, 2019 vision of taxes levied on taxa. fies to the County Auditor the !
ble property within the Iowa State amount of loans, advances, in-
the last of said publication University Research Park Urban debtedness, or bonds payable
was on the 15th day of November, 2019 I Renewal Area, each year by and from the special fund referred to
y I for the benefit of the state,city, in paragraph (b) below, shall be
county, school districts or other I allocated and when collected be
taxing districts after the effective paid into the fund for the respec.
date of this ordinance in order to tive taxing district as taxes by or
create a special fund to pay the for said taxing district into which
principal of and Interest on all other property taxes are paid.
loans, moneys advanced to or in- For the purpose of allocating tax-
debtedness.Including bonds pro- es levied by or for any taxing dis-
posed to be issued by the City of trict which did not Include the ter-
Ames to finance projects in such ritory In the Urban Renewal Area l
area. on the effective date Cordi-
this(2) Definitions. For use within Hance, but to which the territory
this ordinance the following terms has been annexed or otherwise
shall have the following mean- Included after the effective date,
Ings: the assessment roll applicable to
" City" shall mean the City of property in the annexed territory
Ames.Iowa. as of January I of the calendar
"County"shall mean Story Coun. year preceding the effective date
ty,Iowa. of the ordinance which amends
"Urban Renewal Area" shall the plan for the Urban Renewal
mean the Iowa State University Area to include the annexed area,
Research Park Urban Renewal shall be used in determining the
Area,such Area having been Iden- assessed valuation of the taxable
o�p1Al� KIMBERLY NELSEN tifled In the Urban Renewal Plan
Z approved by the City Council of property in the annexed area.
Commission Number 790054 the city by resolution adopted on (b> that portion of the taxes
� . each year in excess of such
bW1 November loth. 2014. which in- amounts shall be allocated to and
My Commission Expires May 19, 2021
eludes the real property identified when collected be paid into a spe.
below and shall constitute the tau Clal fund of the City to pay the
increment financing district treat- principal and interest on loans,
ed by this ordinance: moneys advanced to or indebted.
�t (,,, I Outlot V, Iowa State University ness, whether funded, refunded,
IOto,ct-j Research Park Phase III, Fourth l assumed or otherwise, including
Addition. Ames, Story County, Io. I bonds issued under the authority
wa: of Section 403.90) of the Code of
No ary Public and Iowa, incurred by the City to fl-
Lot B.Iowa State University Re. nance or refinance, In whole or in
sworn to before me and subscribed in my search Park Phase III,Fourth Addi. part,projects in the Urban Renew.
tion,Ames.Story County.Iowa; al Area,and to provide assistance
presence by Kim Fowler, General Manager and for low and moderate-income
Outlot A. Iowa State University family housing as provided in Sec.
this 15th day of November, 2019 Research Park Phase III,Third Ad. tion 403.22 of the Code of Iowa,ex.
dition, Ames. Story County, Iowa cept that taxes for the regular and
(locally known as 3511 South Riv. voter -approved physical plant
erside Drive(PIN: 09.22-100-OD4)); and equipment levy of a school
AMT: $85.85 and
AD #: 1294381 a
ACCT: 33408
N0� 2 7 2019
CAN CLERKOWA
CtTM OF AMES,