HomeMy WebLinkAbout~Master - Amendment to Developer's Agreement for Dayton Park, LLC, in TIF District on South Bell Avenue RESOLUTION NO. 15-480
RESOLUTION APPROVING AMENDMENT TO DEVELOPMENT AGREEMENT
WITH DAYTON PARK, LLC,FOR TAX INCREMENT FINANCE DISTRICT IN
AMES COMMUNITY DEVELOPMENT PARK, 4TH ADDITION
FOR THE CITY OF AMES, IOWA
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the request to amend the Development Agreement with Dayton Park,LLC, for Tax Increment
Finance District(TIF)for the Ames Community Development Park,4`'Addition,with the proposed
offer of$11,340 as a payment of taxes in lieu of tax,create a minimum assessment district,complete
the third building by December 31, 2015, and to direct staff to prepare an amendment to the
Development Agreement to be signed by the developer is hereby approved.
ADOPTED THIS 28' day of July, 2015.
A.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Corrieri
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 28' day of July, 2015.