HomeMy WebLinkAbout~Master - Prior Approval of Industrial Tax Exemption for Industrial Project at 300 South Bell Avenue ORDINANCE NO. 4519
AN ORDINANCE TO GRANT PRIOR APPROVAL FOR
AN INDUSTRIAL TAX EXEMPTION FOR AN
INDUSTRIAL PROJECT AT 300 SOUTH BELL AVENUE
BE IT ENACTED, by the City Council for the City of Ames,Iowa,that:
Section One:
"Renewable Energy Group, Inc., has proposed an industrial construction project for the
property located at 300 South Bell Avenue in Ames. The property owners have applied for prior
approval of the partial Industrial Tax Exemption per Iowa Code 427.134(2).
A process for prior approval of an Industrial Tax Exemption for a particular property and
project is set out in Iowa Code sections 42713.4 and 427B.1,and that process has been followed.
The Ames City Council finds that the proposed project meets the requirements of Iowa
Code Chapter 427B, and Ames Municipal Code 24.8,and the project is in conformance with the
zoning plans of the City of Ames.
The partial Industrial Property Tax Exemption for this property and project is hereby
granted prior approval by the Ames City Council for a period of time ending December 31,2027,
for completion of a building in substantial conformance to general site layout and building design
as determined by the City of Ames Planning and Housing Director, including a certificate of
occupancy from the City of Ames. The approved project will not be entitled to the exemption
unless/until the property owner files an application by February 1 of the year for which the total
value added is first assessed for the approved completed project and the project is found to be
qualified real estate."
Section Two. This ordinance shall be in full force and effect from and after its passage
and publication as required by law.
Passed this 27 day of February 20?
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4Re e all,City Clerk John A. Haila,Mayor