HomeMy WebLinkAbout~Master - Amendment to Rezoning Agreement for Tax Abatement in Somerset Village RESOLUTION NO. 00-485
RESOLUTION APPROVING AMENDMENT TO REZONING AGREEMENT
TO ADD ADDITIONAL STIPULATION TO APPROVAL OF
TAX ABATEMENT FOR NEW RESIDENTIAL AND RETAIL CONSTRUCTION
IN SOMERSET VILLAGE
FOR THE CITY OF AMES, IOWA
WHEREAS, on September 26, 2000, the City Council adopted Resolution No. 00-459
approving the request of Somerset Village Developers to amend the Rezoning Agreement to provide
for a three-year 100% tax abatement to all new residential and retail construction; and,
WHEREAS, that approval was given contingent upon the developers adhering to eight
stipulations; and,
WHEREAS, at their meeting of October 10, 2000, the City Council placed an additional
stipulation on its approval of tax abatement for Somerset Village; and,
WHEREAS, in addition to the previously agreed to stipulations, the developers: will allow
all real estate agents to sell property in Somerset Village and the developers will honor granting the
$1,000 bonus to all real estate agents who sell property in Somerset Village.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that an amendment to the existing Rezoning Agreement to add a ninth stipulation, as above-written,
to the approval of tax abatement for Somerset Village is hereby approved.
ADOPTED THIS loth day of October, 2000.
1 � s.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Wirth
Seconded by: Hoffman
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 10th day of October, 2000.