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HomeMy WebLinkAbout~Master - 2011 Urban Revitalization tax exemptions RESOLUTION NO. 11-042 RESOLUTION APPROVING VARIOUS URBAN REVITALIZATION TAX EXEMPTIONS FOR IMPROVEMENTS PERFORMED ON VARIOUS PROPERTIES WITHIN URBAN REVITALIZATION AREAS WITHIN THE CITY OF AMES, IOWA WHEREAS,Pi Chapter of Alpha Delta Pi Building Corporation has submitted an application dated June 21, 2010, to the City Council of the City of Ames, Iowa, requesting to receive an exemption from taxation on the actual value added by improvements to property located at 2125 Greeley Street; and WHEREAS, said property is located within the East University Urban Revitalization Area in Ames, Iowa, as previously established by the City Council of the City of Ames, Iowa; and WHEREAS, the improvement project respecting said property is in conformance with the Urban Revitalization Plan as officially adopted by the City Council of the City of Ames,Iowa,as well as the Land Use Policy Plan and Zoning Ordinance; and WHEREAS, the improvement on said property was made during the time in which such improvements are eligible to the tax exemption as set forth in the Urban Revitalization Plan as adopted by the City Council of the City of Ames, Iowa, and as set forth in the Urban Revitalization Act as adopted by the Legislature of the State of Iowa and signed by the Governor of the State of Iowa; and WHEREAS, said applicant is requesting Exemption Schedule: 3 Years. ----------------------------------------------------------------------------- WHEREAS, Kappa Delta Building Association has submitted an application dated September 20, 2010, to the City Council of the City of Ames, Iowa, requesting to receive an exemption from taxation on the actual value added by improvements to property located at 2102 Sunset Drive; and WHEREAS, said property is located within the East University Urban Revitalization Area in Ames, Iowa, as previously established by the City Council of the City of Ames, Iowa; and WHEREAS, the improvement project respecting said property is in conformance with the Urban Revitalization Plan as officially adopted by the City Council of the City of Ames,Iowa,as well as the Land Use Policy Plan and Zoning Ordinance; and WHEREAS, the improvement on said property was made during the time in which such improvements are eligible to the tax exemption as set forth in the Urban Revitalization Plan as adopted by the City Council of the City of Ames, Iowa, and as set forth in the Urban Revitalization Act as adopted by the Legislature of the State of Iowa and signed by the Governor of the State of Iowa; and WHEREAS, said applicant is requesting Exemption Schedule: 10 Years. ----------------------------------------------------------------------------- WHEREAS,Sigma Kappa,Inc.,has submitted an application dated September 1,2010,to the City Council of the City of Ames, Iowa, requesting to receive an exemption from taxation on the actual value added by improvements to property located at 233 Gray Avenue; and WHEREAS, said property is located within the East University Urban Revitalization Area in Ames, Iowa, as previously established by the City Council of the City of Ames, Iowa; and WHEREAS, the improvement project respecting said property is in conformance with the Urban Revitalization Plan as officially adopted by the City Council of the City of Ames,Iowa,as well as the Land Use Policy Plan and Zoning Ordinance; and WHEREAS, the improvement on said property was made during the time in which such improvements are eligible to the tax exemption as set forth in the Urban Revitalization Plan as adopted by the City Council of the City of Ames, Iowa, and as set forth in the Urban Revitalization Act as adopted by the Legislature of the State of Iowa and signed by the Governor of the State of Iowa; and WHEREAS,said applicant is requesting Exemption Schedule: 9 Years(remaining of 10-year schedule). ----------------------------------------------------------------------------- WHEREAS, Cyclone Inns, LLC, has submitted an application dated January 3, 2011, to the City Council of the City of Ames, Iowa, requesting to receive an exemption from taxation on the actual value added by improvements to property located at 111 Lynn Avenue; and WHEREAS,said property is located within Campustown Urban Revitalization Area in Ames, Iowa, as previously established by the City Council of the City of Ames, Iowa; and WHEREAS, the improvement project respecting said property is in conformance with the Urban Revitalization Plan as officially adopted by the City Council of the City of Ames,Iowa,as well as the Land Use Policy Plan and Zoning Ordinance; and WHEREAS, the improvement on said property was made during the time in which such improvements are eligible to the tax exemption as set forth in the Urban Revitalization Plan as adopted by the City Council of the City of Ames, Iowa, and as set forth in the Urban Revitalization Act as adopted by the Legislature of the State of Iowa and signed by the Governor of the State of Iowa; and WHEREAS, said applicant is requesting Exemption Schedule: 10 Years. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that said applications are hereby approved and the City Clerk is hereby authorized and directed to forward said applications and a copy of this resolution to the Ames City Assessor with a statement complying with the provisions of Section 4 of the Urban Revitalization Act by March 1, 1997. ADOPTED THIS 8' day of February, 2011. 0 • zz Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Davis Seconded by: Larson Voting aye: Davis, Goodman, Larson, Mahayni, Orazem Voting nay: None Absent: Wacha Resolution declared adopted and signed by the Mayor this 8t'day of February, 2011.