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ORDINANCE NO. l qq- -i go
An;Ordinance Providing for. the Division of Taxes Levied on Taxable
Property in the Tiffin Urban Renewal Area, Pursuant to Section 403.19
of the Code of Iowa
BE IT ENACTED by the Council of the City of Tiffin, Iowa:
Section 1. Purpose. The purpose of this ordinance is to provide for the
division of taxes levied on the taxable property in the Tiffin Urban Renewal Area,
each year by and for the benefit of the state, city, county, school districts or other
taxing-districts after the effective date of this ordinance in order to create a special
fund to pay the principal of and interest on loans, moneys advanced to or
indebtedness, including bonds proposed to be issued by the City of_Tiffin to finance
projects in such area.
Section 2. Definitions. For use within this ordinance the following terms
shall haver the following meanings:
"City" shall mean the City of Tiffin, Iowa.
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"County" shall mean the County of Johnson, Iowa.
"Urban Renewal Area" shall mean the Tiffin Urban Renewal Area, the
boundaries of which are set out below, such area having been identified in the
Urban Renewal Plan approved by the City Council by resolution adopted on
October 13, 1993:
A. Property of Grace Baculis Farm Partnership; That southestern parcel within the Tiffin
corporate limits in the NE qtr. of NW qtr. of Section 28, Twp. 80, Range 7, as described
in Book 994 Pg. 368; and those north eastern parcels west of Roberts Ferry Road in the
SE qtr. of,NW qtr. of Section 28, Twp. 80, Range 7, also described in Book 994 Pg. 368,
and that property of Grace Baculis Farm Partnership; north one-half of SW qtr. of NE
qtr. of Section 28, Twp. 28, Range 7 as described in Book 994 Pg. 368.
B. Property of Songbird Partnership, a.k.a. Songbird Estates Addition to the City of
Tiffin.
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C. Property of Joseph C. Johnston and Amanda P. Potterfield; east of road in SE qtr. of
NW qtr. in Section 28, Twp. 80, Range 7, as described in Book 1364 Pg. 103. Also the
property of Joseph C. Johnston and Amanda Potterfield in the south one-half of NE qtr.
of Section,28, Twp. 80, Range 7 as described in Survey Book 29 Pg. 46 (J.C. Rec.).
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DORSEY&WHITNEY,ATTORNEYS,DES MOINES,IOWA
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