HomeMy WebLinkAboutA034 - Third reading and adoption of ORDINANCE NO. 4544 Industrial Tax Abatement for Wyffels Site PlanTo:Mayor & City Council
From:Kelly Diekmann, Director of Planning & Housing
Date:January 14, 2025
Subject:Third reading and Adoption of Industrial Tax Abatement for Wyffels Site
Plan
Item No. 36
MEMO
The ordinance for the Industrial Tax Abatement for Wyffels Site Plan at 220 S. Teller
Avenue is attached for the Council's review and consideration for third reading and
adoption.
ATTACHMENT(S):
Ordinance_Wyffels_Hybrids_220_S._Teller_Avenue.pdf
City Clerk's Office 515.239.5105 main
515.239.5142 fax
515 Clark Ave. P.O. Box 811
Ames, IA 50010
www.CityofAmes.org
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ORDINANCE NO. _________
AN ORDINANCE TO GRANT PRIOR APPROVAL FOR
AN INDUSTRIAL TAX EXEMPTION FOR AN
INDUSTRIAL PROJECT AT 220 S. TELLER AVENUE
BE IT ENACTED, by the City Council for the City of Ames, Iowa, that:
Section One:
“Wyffels Hybrids proposed an industrial construction project for the property located at
220 S. Teller Avenue in Ames. The property owners have applied for prior approval of the
partial Industrial Tax Exemption per Iowa Code 427.B4(2).
A process for prior approval of an Industrial Tax Exemption for a particular property and
project is set out in Iowa Code sections 427B.4 and 427B.1, and that process has been followed.
The Ames City Council finds that the proposed project meets the requirements of Iowa
Code Chapter 427B, and Ames Municipal Code 24.8, and the project is in conformance with the
zoning plans of the City of Ames.
The partial Industrial Property Tax Exemption for this property and project is hereby
granted prior approval by the Ames City Council for a period of time ending December 31, 2024,
for completion of a building in substantial conformance to general site layout and building design
as determined by the City of Ames Planning and Housing Director, including a certificate of
occupancy from the City of Ames. The approved project will not be entitled to the exemption
unless/until the property owner files an application by February 1 of the year for which the total
value added is first assessed for the approved completed project and the project is found to be
qualified real estate.”
Section Two. This ordinance shall be in full force and effect from and after its passage
and publication as required by law.
Passed this day of , 2024.
______________________________________ _______________________________________
Renee Hall, City Clerk John A. Haila, Mayor
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