HomeMy WebLinkAbout~Master - Tax Exemptions for Urban Revitalization Work at 203 SE 16th Street RESOLUTION NO. 00-349
RESOLUTION EXTENDING TIME FOR FILING
FOR TAX EXEMPTIONS ON PROPERTIES
WITHIN TRANSITIONAL REVITALIZATION ZONE
WHEREAS, First American Bank(the "Property Owner") submitted an application to the
City Council of Ames, Iowa requesting exemption from property taxes under the provisions of
Chapter 404 of the Iowa Code in connection with improvements made on its property located within
an Urban Revitalization district, specifically property located at 203 S.E. 16th (the "Project") for a
period of three years, and
WHEREAS, for reasons beyond the control of the Property Owner, an application for the
exemption of taxes on improvements added to the Project during the year 1999 (the "1999
Improvements")was not filed by February 1, 2000, and
WHEREAS, Section 404.4 of the Iowa Code authorizes the City Council, upon the request
of the property owner at any time, to permit the property owner to file an application for approval
of the exemption by February 1, of any other assessment year, and
WHEREAS, it is appropriate to extend the time for filing for tax exemptions within the
transitional revitalization zone for improvements made on the Project in 1999 to March 1, 2001, and
to allow the Property Owner to file an application for exemption with respect to the 1999
Improvements as though it had first applied in 2000.
NOW,THEREFORE, BE IT RESOLVED by the City Council of Ames, Iowa, the time
for filing for tax exemptions within the transitional revitalization zone be extended through March 1,
2001,and that First American Bank be allowed to file an application for exemption under the Code
of Iowa, Section 404.4, with respect to the 1999 Improvements, as though it had first applied in
2001.
DONE this 25t h day of July , 2000.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
R164