HomeMy WebLinkAbout~Master - Support for Brownfield/Grayfield Tax Credit Application by Kingland Systems RESOLUTION NO. 13-576
RESOLUTION APPROVING SPONSORSHIP OF THE
IOWA ECONOMIC DEVELOPMENT AUTHORITY
BROWNFIELD/GRAYFIELD TAX CREDIT PROGRAM FOR
KINGLAND SYSTEMS CORPORATIONXINGLAND CAMPUS PROPERTIES
FOR THE CITY OF AMES,IOWA
WHEREAS,Kingland Systems Corporation has requested City sponsorship of an application
to the Iowa Economic Development Authority for a Brownfield/Grayfield Tax Credit for the
redevelopment site it owns east of Welch Avenue on Lincoln Way,for the purpose of improving the
efficient use of the property; and,
WHEREAS,Iowa Code Section 15.291 defines a brownfield site as an abandoned,idled,or
under-utilized industrial or commercial facility where expansion or redevelopment is complicated
by real or perceived environmental contamination and a brownfield site includes property contiguous
with the property on which the facility is located, but does not include property which has been
placed,or is proposed for placement,on the national priorities list established pursuant to the federal
Comprehensive Environmental Response, Compensation, and Liability Act; and,
WHEREAS, studies by Terracon, Inc., have found environmental contamination that
complicates redevelopment; and,
WHEREAS, it is in the best interests of the City to sponsor this application and encourage
redevelopment of underutilized properties that are complicated by real or perceived environmental
contamination.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the requested application sponsorship described above is hereby approved and accepted and shall
be filed with the county recorder, if appropriate.
ADOPTED THIS 17th day of December, 2013.
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141( ) - 4. iv. C—_-AAae
Diane oss, City Clerk Ann H. Campbell, Mayor
Introduced by: Davis
Seconded by: Orazem
Voting aye: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 17"day of December, 2013.