HomeMy Public PortalAboutResolutions-2016-077 DocuSign Envelope ID: E7584134-C105-4458-8BA6-E70C16C31 BF3
RESOLUTION NO. 2016-077
A RESOLUTION OF SUPPORT OF THE APPLICATION OF HUNT CLUB LC, FOR
FUNDING VIA THE WORKFORCE HOUSING TAX CREDIT PROGRAM AND
APPROVING A PROPERTY TAX ABATEMENT FOR SAID PROJECT
Whereas, Hunt Club LC, has made an application to the Iowa Economic Development
Authority for funding for a housing project via the Workforce Housing Tax Credit
Program; and
Whereas, as part of the application process, the City Council is required to provide a
resolution of support for the application; and
Whereas, the City will also provide monetary support for this Project if the application is
approved.
Now, therefore be it resolved by the City Council of Tiffin, Iowa, that the City of Tiffin
supports the application of Hunt Club LC, to obtain funding via the Workforce Housing
Tax Program.
Be it further resolved, that the City Council will approve a 10-year, 50% Property Tax
Abatement for the Hunt Club LC, Project if said application is approved by the IEDA and
pending the inclusion into the Urban Revitalization Area.
On the 6t" day of December, 2016, at a regular meeting of the Tiffin City Council, Tiffin,
Iowa, Councilperson Ryan introduced RESOLUTION NO. 2016-077, A RESOLUTION
OF SUPPORT OF THE APPLICATION OF HUNT CLUB LC, FOR FUNDING VIA THE
WORKFORCE HOUSING TAX CREDIT PROGRAM AND APPROVING A PROPERTY
TAX ABATEMENT FOR SAID PROJECT and made a motion for approval. Motion
seconded by Councilperson Upton.
Ayes: Upton, Bartels, Havens, Ryan,
Nays: None.
Absent: Kahler.
Whereupon four Council members were present and voted approval and Mayor Berner
declared that RESOLUTION NO. 2016-077, A RESOLUTION OF SUPPORT OF THE
APPLICATION OF HUNT CLUB LC, FOR FUNDING VIA THE WORKFORCE
HOUSING TAX CREDIT PROGRAM AND APPROVING A PROPERTY TAX
ABATEMENT FOR SAID PROJECT to be adopted and signified his approval of the
same by affixing his signature thereto.
Passed by the City Council on the 6t" day of December, 2016.
City of Tiffin
Sfcl-
Steven L. Berner, Mayor
ATTEST:
Doug Boldt, City Administrator/Clerk