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Home My Public Portal AboutOrdinances-1993-180 (2) Tiffin-436989-1\UR Hrg•Ta:Inc. I ORDINANCE NO. 01-3-40 • 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 intefest 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 have the following meanings: "City" shall mean the City of Tiffin, Iowa. • "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 99(Pg. 368. B. Property of Songbird Partnership, a.k.a. Songbird Estates Addition to the City of, Tiffin. 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.). -3- DORSEY&WHITNEY,ATTORNEYS, DES MOINES;IOWA . i 4 i ; t F. Tiuuin436989-I\UR Hrg-Tax Inc. , poye2 ��vac v,c� 1\v. (�O D. Property of Melvin R. Reeve; property north of U.S. Highway 6 in part of NE qtr. and SE qtr. of Section 28, Twp. 80, Range 7 as described in Book 827 Pg. 23. E:Property of Melvin R. Reeve; that part of NE SE and SE SE of Section 2 P 28, Twp. 80, Range 7 as described in Survey Book 28 Pg. 38, except that land described in.Book 1489 Pg. 60. F. Property p ty of Melvin R. Reeve; property south of Railroad tracks in SE qtr. of SE qtr. of Section 28, Twp. 80, Range 7 as described in Book 610 Pg. 196. G. Property of Glenn A. Swenka; that part of the NE qtr. of SE qtr. and SE q tr. of SE qtr. in Section 28, Twp. 80, Range 7 as describedin Book 1489 Pg. 60. H. City of Tiffin right-of-way for all of Brown Street south of Hwy. 6 and north of the City of Tiffin sewage treatment plant property. t 1 I. Property of City of Tiffin south of Railroad tracks in SE qtr. of SE qtr. of Section 28, Twp. 80, Range 7 as described in Book 276 Pg. 57A and in Book 276 Pg. 59. Section 3. Provisions for Division of Taxes Levied on Taxable Property in the Urban Renewal Area. After the effective date of this ordinance, the taxes levied on the taxable property in the Urban Renewal Area each year by and for the benefit of th'e State of Iowa, the City, the County and any school district or other taxing district in which the Urban Renewal Area is located, shall be divided as follows: (a) that portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the assessed value of the taxable property in the Urban Renewal Area, as shown on the assessment roll as of January 1, 1992, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all other property taxes are paid. For the purpose of allocating taxes levied by or for any taxing district which did not include the territory in the Urban Renewal Area on the effective date of this ordinance, but to which the territory has been annexed or otherwise included after the effective date, the assessment roll as of January 1, 1992, shall be used in determining the assessed valuation of the taxable property in the Urban Renewal Area on the effective date. (b) that portion of the taxes each year in excess of such amounts shall be allocated to and when collected be paid into a special fund of the City to pay the principal of and interest on loans, moneys advanced to or indebtedness, whether funded, refunded, assumed or otherwise, including bonds issued under the -4- DORSEY& WHITNEY,ATTORNEYS,DES MOINES,IOWA Tlffin.636989.1\UR Hrg-Tax Inc. UY d 1 VlGl hce MO. (eG x c/e 3 authority of Section 403.9(1), of the Code of Iowa, incurred by the City to finance or refinance, in whole or in part, projects in the Urban Renewal Area, except that taxes fofr the payment of bonds and interest of each taxing district shall be collected against all taxable«property within the taxing district without limitation by the provisions of this ordinance. Unless and until the total assessed valuation of the taxable property in,the Urban Renewal Area exceeds the total assessed value of the taxable property in such area as shown by the assessment roll referred to in subsection (a) of this section, all of the taxes levied and collected upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. When such loans, advances, indebtedness, and bonds, if any, and interest thereon, have been paid,:all money thereafter received from taxes upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing districts in the same manner as taxes on all other property. ' I (c) the portion of taxed mentioned in subsection (b) of this section and the special fund into which that portion shall be paid may be irrevocably pledged by the City for the payment of the principal and interest on loans, advances, bonds issued under the authority of Section 403.9(1) of the Code of Iowa, or indebtedness incurred by the City to finance or refinance in whole or in part projects in the Urban Renewal Area. (d) ! as used in this section, the word "taxes" includes, but is not limited to, all levies on an ad valorem basis upon land or real property. t -Section 4. Repealer. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. f, 1 Section 5. Saving Clause. If any section, provision, or part of this ordinance shall be adjudged invalid or unconstitutional, such adjudication shall not affect the validity of the ordinance as a whole or any section, provision or part thereof not adjudged invalid or unconstitutional. t 1 ' 1 I I 1 e -5- DORSEY&WHITNEY,ATTORNEYS,DES MOINES,IOWA T '1 � i f M1 -TUftn-436989-1\UR Hrg-Tax Inc. , `[ rd i✓1Q v1 N e. /'?O pc c e 4-- 1 Section 6. Effective Date. This ordinance shall be effective 'after its final passage, approval and posting as provided by law. 1 t ,yF Passed and approved by the Council of the City of Tiffin, Iowa, on October 13, 1993. . a .. _ _ .. „ .a.,..- - .M•yor 7rroTev-i Attest: , , 17.4_/- _.4) ,_6_,..z,,.. )i),_,_-___. . , , i TUUn436989.1\UR Hrg-Tax Inc. ' i f: c , ' P STATE OF IOWA COUNTY OF JOHNSON SS: CITY OF TIFFIN , 7. I, the undersigned, City Clerk of the City aforementioned, do hereby certify that a correct and complete copy of "Ordinance No. 199•3-/Y0. 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", was officially posted on the .='.6.'H' day of nc-�bey , 1993, in 'three public places within said City, as follows: -77--i- ,,/ r."- c54 c3- -ee Pons(2.,,i r4j T—` -ct uJCty C_ }Vlar „(s StvV1 ce ` I do further certify that pursuant to Ordinance No. /q93-/SC), adopted on the 1 .6- day of __(\,c 1-c)Lie'- , 1923, the three public places named above were permanently designated as the public places at'which ordinances would be posted. I further certify that at this time and at the times aforesaid no newspaper is or was published in said City. • WITNESS MY HAND and the seal of said City hereto affixed this .. day of 0 c1-o ber , 1993. ')2 .1.A .( .:.,Th,.. City- lerk 1 TI/f1n-476989.1\UR Hrg-Tax Inc.{ I Drcl i na Nce Nio. I E0 page 5 STATE OF IOWA COUNTY OF JOHNSON SS: CITY,OF TIFFIN I, the undersigned, City Clerk of the City aforementioned, do hereby certify that a correct and complete copy of "Ordinance No. J`/93-1,c o. 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", was officially posted on the _& = day of nc-c LSE v- , 1993, in three public places within said City, as follows: Fka;35L t6� 4e1.1.c, uCtr E MO'Cy11IS Svvjce I do further certify that pursuant to Ordinance No. I`f 3-I'G, adopted on the 13 6_ day of be , 19 , the three public places named above were permanently designated as the public places at which ordinances would be posted. I further certify that at this time and at the times aforesaid rio newspaper is or was published in said City. WITNESS MY HAND and the seal of said City hereto affixed this a day of C c her , 1993. • City le(k)I (Seal) I • I } -10- DORSEY& WHITNEY,ATTORNEYS,DES MOINES,IOWA