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HomeMy WebLinkAbout~Master - 2014 Urban Revitalization tax abatement requests RESOLUTION NO. 14-085 RESOLUTION APPROVING VARIOUS URBAN REVITALIZATION TAX EXEMPTIONS FOR IMPROVEMENTS PERFORMED ON VARIOUS PROPERTIES WITHIN URBAN REVITALIZATION AREAS WITHIN THE CITY OF AMES, IOWA WHEREAS,Iowa Gamma of Phi Delta Theta,2035 Sunset,LLC,has submitted an application dated January 23, 2014, 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 2035 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, Margaret Newton has submitted an application dated January 30, 2014, 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 123 Main Street (Sportsmen's); and WHEREAS, said property is located within the Downtown 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,Fifth Street 313,LC,has submitted an application dated January 29,2014,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 313 5th Street(Marrs Wealth Management); and WHEREAS, said property is located within the Downtown 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. 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 1 lth day of February, 2014. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Goodman Seconded by: Orazem Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 1 lth day of February, 2014.