HomeMy WebLinkAbout4605-04/07/2003 INDEg BLACK HAWK COUNTY,IOWA:ss FEE BOOK# 2003 35474
PROOFSF ED FOR RECORD MAY 27 2003 ,AT 4:00P.
M. FEE 1-35.00/
COMPARE, CaTe:,41.0.414.4 BLACK HAWK COUNTY RECORDER
CITY OF WATERLOO ATTN: NANCY ECKERT
1.
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ORDINANCE NO. 4605
AN ORDINANCE AMENDING ORDINANCE NO. 4494,
PROVIDING THAT GENERAL PROPERTY TAXES
LEVIED AND COLLECTED EACH YEAR ON ALL
PROPERTY LOCATED WITHIN THE AMENDED
DOWNTOWN WATERLOO RIVERFRONT URBAN
RENEWAL AREA OF THE CITY OF WATERLOO,
COUNTY OF BLACK HAWK, STATE OF IOWA, BY
AND FOR THE BENEFIT OF THE STATE OF IOWA,
CITY OF WATERLOO, COUNTY OF BLACK HAWK,
WATERLOO COMMUNITY SCHOOL DISTRICT, AND
OTHER TAXING DISTRICTS, BE PAID TO A SPECIAL
FUND FOR PAYMENT OF PRINCIPAL AND INTEREST
ON LOANS, MONIES ADVANCED TO AND
INDEBTEDNESS, INCLUDING BONDS ISSUED OR TO
BE ISSUED, INCURRED BY SAID CITY IN
CONNECTION WITH THE AMENDED DOWNTOWN
WATERLOO RIVERFRONT URBAN RENEWAL
REDEVELOPMENT PROJECT
WHEREAS, the City Council of the City of Waterloo, Iowa has heretofore, in
Ordinance No. 4494, provided for the division of taxes within the Downtown Waterloo
Riverfront Urban Renewal Project Area, pursuant to Section 403.19 of the Code of Iowa;
and
WHEREAS, additional territory now has been added to the Downtown Waterloo
Riverfront Urban Renewal Project Area; and
WHEREAS, indebtedness has been incurred by the City, and additional
indebtedness is anticipated to be incurred in the future, to finance urban renewal project
activities within the amended Downtown Waterloo Riverfront Urban Renewal Project
Area, and the continuing needs of redevelopment within the amended Downtown
Waterloo Riverfront Urban Renewal Project Area are such as to require the continued
application of the incremental tax resources of the amended Downtown Waterloo
Riverfront Urban Renewal Project Area; and
WHEREAS, the following enactment is necessary to accomplish the objectives
described in the premises.
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NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, THAT:
Ordinance Number 4494 is hereby amended to read as follows:
Section 1: For purposes of this Ordinance, the following terms shall have the
following meanings:
(a) Original Project Area and Amendment No. 1 Area shall mean that
portion of the City of Waterloo, Iowa described in the Urban Renewal and
Redevelopment Plan for the Downtown Waterloo Riverfront Urban Renewal
Area approved by Ordinance No. 2723, adopted on December 23, 1974, and
amended by Resolution No. 1996-804, adopted December 16, 1996 (no new
area added), which Original Project Area includes the lots and parcels located
within the area legally described as follows:
Beginning at a point at the intersection of Franklin and East
Seventh Streets, thence Southwesterly along Seventh Street
to the alley between Jefferson and Bluff Streets, thence
Northwesterly along said alley to West Third Street, thence
Northeasterly along West Third Street to Franklin Street,
thence Southeasterly on Franklin Street to the point of
beginning, all in the City of Waterloo, Black Hawk
County, Iowa.
(b) Amendment No. 2 Area shall mean that portion of the City of Waterloo,
Iowa described in Amendment No. 2 to the Urban Renewal and Redevelopment
Plan for the Downtown Waterloo Riverfront Urban Renewal Area approved by
Resolution No. 2001-394, adopted on August 6, 2001, which Amendment No. 2
Area includes the lots and parcels located within the area legally described as
follows:
Bounded by Southbound Washington Street, West 12th Street,
Cedar River, 11th Street, Sycamore Street, East 7th Street,
Franklin Street, East 3rd Street, Sycamore Street, Fairview
Avenue, Conger Street, River Road, Black Hawk Creek to
Southbound Washington Street.
(c) Amendment No. 3 Area shall mean that portion of the City of Waterloo,
Iowa described in Amendment No. 3 to the Urban Renewal and Redevelopment
Plan for the Downtown Waterloo Riverfront Urban Renewal Area approved by
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Resolution No. 2 0 0 3-2 2 Son April 7, 2003, which Amendment No. 3 Area
includes the lots and parcels located within the area legally described as follows:
Bounded by Southbound Washington Street, West 4th Street,
South Street, West 2"d.Street to Southbound Washington
Street.
(d) Amended Project Area shall mean that portion of the City of Waterloo,
Iowa included within the Original Project Area and Amendment No. 1 Area,
Amendment No. 2 Area, and Amendment No. 3 Area, which Amended Project
Area includes the lots and parcels located within the area legally described as
follows:
Beginning at the point where the Centerline of W. 12th Street,
if extended, would intersect the centerline of the paving of
southbound Washington Street as now located, thence
Northeasterly along the extension of the Centerline of W. 12th
Street, and the Centerline of West 12th Street to the Southerly
line of the Cedar River, thence Northwesterly along the
Southerly bank of the Cedar River, thence Northwesterly
along the Southerly bank of the Cedar River to the Centerline
of West 11th Street, thence Northeasterly along the Centerline
of the 11th Street Bridge and East 11th Street to the
Centerline of Sycamore Street, thence Northwesterly along
the Centerline of Sycamore Street to its intersection with the
Centerline of E. 7th Street, thence Northeasterly along the
Centerline of E. 7th Street to the Centerline of Franklin Street,
thence Northwesterly along the Centerline of Franklin Street
to the Centerline of E. 3rd Street, thence Southwesterly along
the Centerline of E. 3rd Street to the Centerline of Sycamore
Street, thence Northwesterly along the Centerline of
Sycamore Street, and an extension thereof, to the Northerly
line of the Cedar River, thence following the Northerly bank
of the Cedar River to a point where it would intersect the
Centerline of Fairview Avenue, if extended Southerly, thence
North along the extension of the Centerline of Fairview
Avenue, and the Centerline of Fairview Avenue to the
Centerline of Conger Street, thence Westerly and
Southwesterly along the Centerline of Conger Street to the
Centerline of relocated Ansborough Avenue, thence Easterly
along the Centerline of relocated Ansborough Avenue to the
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centerline of River Road, thence Southeasterly along the
Centerline of the River Road to its intersection with the East
bank of Black Hawk Creek, thence Southerly along the
Easterly bank of Black Hawk Creek to the Centerline of
Southbound Washington Street (also known as Highway 218),
thence Easterly and Southeasterly along the Centerline of the
paving of Southbound Washington Street to the Centerline of
West 2"d Street, thence Southwesterly along the Centerline of
West 2"d Street to the Centerline of South Street, thence
Southeasterly along the Centerline of South Street to the
Centerline of West 4th Street, thence Northeasterly along the
Centerline of West 4th Street to the Centerline of the paving of
Southbound Washington Street, thence Southeasterly along
the Centerline of Southbound Washington Street to the point
of beginning, all in the City of Waterloo, Black Hawk County,
Iowa.
Section 2: The taxes levied on the taxable property in the Amended Project Area,
legally described in Section 1 hereof, by and for the benefit of the State of Iowa, City of
Waterloo, County of Black Hawk, Waterloo Community School District, and all other
taxing districts from and after the effective date of this Ordinance shall be divided as
hereinafter in this Ordinance provided.
Section 3: As to the Original Project Area and Amendment No. 1 Area, 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 taxing property in the Original Project Area and
Amendment No. 1 Area upon the total sum of the assessed value of the taxable property
in the Original Project Area and Amendment No. 1 Area as shown on the assessment roll
as of January 1, 1974, being the first day of the calendar year preceding the effective date
of Ordinance No. 2723, 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. The taxes so determined shall be referred herein as the "base
period taxes" for such area.
As to Amendment No. 2 Area, base period taxes shall be computed in the same
manner using the total assessed value shown on the assessment roll as of January 1, 2000,
being the assessment roll applicable to property in such area as of January 1 of the
calendar year preceding the effective date Ordinance No. 4494.
As to Amendment No. 3 Area, base period taxes shall be computed in the same
manner using the total assessed value shown on the assessment roll as of January 1, 2002,
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•
•
being the assessment roll applicable to property in such area as of January 1 of the
calendar year preceding the effective date of this Ordinance.
Section 4: That portion of the taxes each year in excess of the base period taxes
for the Amended Project Area, determined for each sub-area thereof as provided in
Section 3 of this Ordinance, shall be allocated to and when collected be paid into the
special tax increment fund previously established by the City of Waterloo to pay the
principal of and interest on loans, monies advanced to, or indebtedness, whether funded,
refunded, assumed or otherwise, including bonds issued under authority of Section 403.9
or Section 403.12 of the Code of Iowa, incurred by the City of Waterloo, Iowa to finance
or refinance, in whole or in part, urban renewal projects undertaken within the Amended
Project Area pursuant to the Urban Renewal Plan, as amended, except that taxes for the
payment of bonds and interest of each taxing district shall be collected against all taxable
property within the Amended Project Area without any limitation as hereinabove
provided.
Section 5: Unless or until the total assessed valuation of the taxable property in
the areas of the Amended Project Area exceeds the total assessed value of the taxable
property in said areas shown by the assessment rolls referred to in Section 3 of this
Ordinance, all of the taxes levied and collected upon the taxable property in the Amended
Project Area shall be paid into the funds for the respective taxing districts as taxes by or
for the taxing districts in the same manner as all other property taxes.
Section 6: At such time as the loans, monies advanced, bonds and interest thereon
and indebtedness of the City of Waterloo referred to in Section 4 hereof have been paid,
all monies thereafter received from taxes upon the taxable property in the Amended
Project Area shall be paid into the funds for the respective taxing districts in the same
manner as taxes on all other property.
Section 7: All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The provisions of this Ordinance are intended and
shall be construed so as to continue the division of taxes from property within the
Original Project Area and Amendment No. 1 Area under the provisions of Section 403.19
of the Code of Iowa, as authorized in Ordinance No. 2723, as amended by Ordinance No.
4494 for the addition of Amendment No. 2 Area, and to fully implement the provisions of
Section 403.19 of the Code of Iowa with respect to the division of taxes from property
within the Amendment No. 3 Area, as described above. In the event that any provision of
this Ordinance shall be determined to be contrary to law it shall not affect other
provisions or application of this Ordinance which shall at all times be construed to fully
invoke the provisions of Section 403.19 of the Code of Iowa with reference to the
Amended Project Area and the territory contained therein.
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Section 8: This Ordinance shall be in effect after its final passage, approval and
' publication as provided by law.
PASSED AND APPROVED this 7th day of April
2003. '
' -1§k
Ma or Jo R. Rooff 1p
ATTEST:
‘-- ' ' ''' rai2J--
`tyvClerk ncy Eckert
o
I
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Read first time: April 7 , 2003
Read second time: April 7 , 2003
Read third time: April 7 , 2003
PASSED AND APPROVED: April 7 , 2003
PUBLISHED: liar JS 0.,D o 3
EBOEHLERT\363517\1\11310.065
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•
ECORDER
Prepared by: William J.Noth
Ahlers&Cooney, P.C.,
100 Court Avenue, Suite 600,
Des Moines,IA 50309-2231
Telephone:'(515)243-7611
CIUR2.TXT
5/91
CERTIFICATION TO COUNTY RECORDER
We hereby certify that attached hereto is a true and correct copy of the Cattle
Congress Urban Renewal Plan, and the Resolution adopting same for the Amendment No.
3 to Downtown Waterloo Riverfront Urban Renewal Plan Area, of the City of Waterloo,
Iowa, the original of which is on file in the records of the undersigned City Clerk.
Datectthis a/ day of Irv\ , 2003.
4f . k
Mayo of-t1716 `Ay of Waterloo, •'a Cler oit of Waterloo, Iowa
Jot Rooff City Clerk
(CI • -
STATE OF IOWA )
) SS:
COUNTY OF BLACK HAWK )
ACKNOWLEDGMENT
On this c 7 day of /tita,y , 2003, before me,
Elk L • //(s �j , a Nbtary Public in and for the State of Iowa, personally
K
appeared n �. p0.0 and an e C�rt , to me
personally known, and, who, being by me duly swornn,did say that they are the Mayor and
City Clerk, respectively, of the City of Waterloo, Iowa; that the seal affixed to the
foregoing instrument is the official seal of the City, and that the instrument was signed
and sealed on behalf of the City, by authority of its City Council, as contained in
Ordinance No. do0 S passed (the Resolution adopted by the City Council under
f)
Roll Call No. '015 of the Ci Council on the ; day of 4pr
2003, and that Johne. e&D and l v Gtr►L+t, alart
acknowledged the execution of the instrument to be their volLntary act and deed and the
voluntary act and deed of the City, by it voluntarily executed. ..:
r ,`•
cs
Notary Public in and for County and State ';; g��'�
said d
•
COUNTY RECORDER'S CERTIFICATE
I, Patricia S. Sass , County Recorder of Black Hawk County,
Iowa, hereby certify that on the 27th day of May , 2003, there was
filed in my office a true and correct copy of the Amendment No. 3 to Downtown
Waterloo Riverfront Urban Renewal Plan of the City of Waterloo, Iowa, approved by the
City Council on the 7th day of April, 2003, all duly certified upon the form attached
above, for recording and the same is recorded irrl-rrnc atm of
the records in my office. as Document #2003035474
- 6-14,00,1
County Recorder of :lack Hawk County, Iowa
(CO5ITY SEAL)
G
•
EBO�ERT\363 5 1 i!1\1 1310.065
a •
• c
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Prepared by: William J.Noth
Ahlers&Cooney, P.C.,
100 Court Avenue,Suite 600,
Des Moines,IA 50309-2231
Telephone: (515)243-7611
CIUR2.TXT
5/91
CERTIFICATION TO COUNTY RECORDER
We hereby certify that attached hereto is a true and correct copy of the Cattle
Congress Urban Renewal Plan, and the Resolution adopting same for the Amendment No.
3 to Downtown Waterloo Riverfront Urban Renewal Plan Area, of the City of Waterloo,
Iowa, the original of which is on file in the records of the undersigned City Clerk.
441
Dated this 21 day of Y`'\_c , 2003.
a
_ `s • .ot
Mayor of - ity of Wat'Llerowa Clerk of the aty of Waterloo, Iowa
•ht 1 '. ` ooff ' Nancy Eckert
(CITY SEAL
STATE OF IOWA )
) SS:
COUNTY OF BLACK HAWK )
ACKNOWLEDGMENT
On this o2r7 Th day of Map/ , 2003, before me,
7(4. L, t 5 , a Not&ry Public in and for the State of Iowa, personally
appeared S and
re eCICe , to me
personally known, and, who, being by me duly sworn,t did say that they are the Mayor and
City Clerk, respectively, of the City of Waterloo, Iowa; that the seal affixed to the
foregoing instrument is the official seal of the City, and that the instrument was signed
and sealed on behalf of the City, by authority of its City Council, as contained in
Ordinance No. YGe 0 5— passed (the Resolution adopted by the City Council under
Roll Call No. // 5015 of the City Council on the 7 day of r,
2003, and that ZOh�� 2. (eDo- anda
� n exi rcic2r
acknowledged the execution of the instrument to be their voluntary act and deed and the
voluntary act and deed of the City, by it voluntarily executed.
`. .20(;) • `9 0y'�.
Notary Public in and for said County and Statp ti
•
t' N.
po 1.1' N.
COUNTY RECORDER'S CERTIFICATE
I, Patricia S. Sass , County Recorder of Black Hawk County,
Iowa, hereby certify that on the 27th day of May , 2003, there was
filed in my office a true and correct copy of the Amendment No. 3 to Downtown
Waterloo Riverfront Urban Renewal Plan of the City of Waterloo, Iowa, approved by the
City Council on the 7th day of April, 2003, all duly certified upon the form attached
above, for recording and the same is recordedli lac at of
the records in my office. as Document #20030354 4
//, !,)/_84)
County Recorder of Black Hawk County, Iowa
(COUNTY SEAL)
EBOEHLER'I\363512\I\I 1310.065
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