HomeMy WebLinkAbout4606-04/07/2003 INDE BLACK HAWK COUNTY,IOWA:ss FEE BOOK# 2003 35475
PROOF FILED FOR RECORD MAY 27 , 2003 .AT 4:00P. M. FEE 1-20.00./
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• BLACK HAWK COUNTY RECORDER
CITY OF WATERLOO ATTN: NANCY ECKERT
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ORDINANCE NO.4 6 0 6
AN ORDINANCE PROVIDING THAT GENERAL
PROPERTY TAXES LEVIED AND COLLECTED EACH
YEAR ON ALL PROPERTY LOCATED WITHIN THE
CATTLE CONGRESS URBAN RENEWAL AND
REDEVELOPMENT PROJECT AREA, IN 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 SAID URBAN RENEWAL
REDEVELOPMENT PROJECT.
WHEREAS, the City Council of the City of Waterloo, Iowa, after public notice
and hearing as prescribed by law and pursuant to Resolution No. 2003—22 Epassed and
approved on the 7tn day of April, 2003, adopted an Urban Renewal Plan (the "Urban
Renewal Plan") for an urban renewal area known as the Cattle Congress Urban Renewal
and Redevelopment Project Area (the "Urban Renewal Project Area"), which Urban
Renewal Project Area includes the lots and parcels'located within the area legally
described as follows:
Beginning at the intersection of the Centerline of West
Washington Street, (also known as U.S. Highway 218), and
the Centerline of the platted right-of-way of Forrester
• Avenue, thence Northerly along the Centerline of Forrester
Avenue to its intersection with the South line of Section 16
township 89 Range 13, thence Easterly along the south line of
said Section to the West line of the Southeast '/4 of the
Southeast '/4 of said Section 16, thence North along said West
line to the South Bank of the Cedar River, thence
Southeasterly along said bank of the Cedar River to the
Centerline of West Conger Street, thence southwesterly along
the Centerline of West Conger Street to the Centerline of
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Relocated Ansborough Avenue, thence Westerly along the
Centerline of Ansborough Avenue to the West line of Courier
Street, thence South along the West line of Courier Street, and
an extension thereof, to the Centerline of the Canadian
National/Illinois Central Railroad spur line thence
Southwesterly along the Centerline of said Railroad to the
Centerline of West Washington Street, thence Northwesterly
along the Centerline of West Washington Street to the point
of beginning.
WHEREAS, expenditures and indebtedness are anticipated to be incurred by the
City of Waterloo, Iowa in the future to finance urban renewal project activities carried out
in furtherance of the objectives of the Urban Renewal Plan; and
WHEREAS, the City Council of the City of Waterloo, Iowa desires to provide for
the division of revenue from taxation in the Urban Renewal Project Area, as above
described, in accordance with the provisions of Section 403.19 of the Code of Iowa, as
amended.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA:
Section 1. That the taxes levied on the taxable property in the Urban Renewal
Project Area legally described in the preamble 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 2. 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 Project Area, as shown on
the assessment roll as of January 1 of the calendar year preceding the first calendar year in
which the City of Waterloo certifies to the County Auditor the amount of loans, advances,
indebtedness, or bonds payable from the division of property tax revenue described
herein, shall be allocated to and when collected be paid into the fund for the respective
taxing district as taxes by or for the taxing district into which all other property taxes are
paid.
Section 3. That portion of the taxes each year in excess of the base period taxes
determined as provided in Section 2 of this Ordinance shall be allocated to and when
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•
collected be paid into a special tax increment fund of the City of Waterloo, Iowa hereby
established, to pay the principal of and interest on loans, monies advanced to,
indebtedness, whether funded, refunded, assumed or otherwise, including bonds or
obligations issued under the authority of Section 403.9 or 403.12 of the Code of Iowa, as
amended, incurred by the City of Waterloo, Iowa, to finance or refinance, in whole or in
part, urban renewal projects undertaken within the Urban Renewal Project Area pursuant
to the Urban Renewal Plan, except that taxes for the regular and voter-approved physical
plant and equipment levy of a school district imposed pursuant to Section 298.2, but only
to the extent authorized in Section 403.19(2), and taxes for the payment of bonds and
interest of each taxing district shall be collected against all taxable property within the
Urban Renewal Project Area without any limitation as hereinabove provided.
Section 4. Unless or until the total assessed valuation of the taxable property in the
Urban Renewal Project Area exceeds the total assessed value of the taxable property in
the Urban Renewal Project Area as shown by the assessment roll referred to in Section 2
of this Ordinance, all of the taxes levied and collected upon the taxable property in the
Urban Renewal Project 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.
Section 5. At such time as the loans, advances, indebtedness, bonds and interest
thereon of the City of Waterloo, Iowa referred to in Section 3 hereof have been paid, all
monies thereafter received from taxes upon the taxable property in the Urban Renewal
Project Area shall be paid into the funds for the respective taxing districts in the same
manner as taxes on all other property.
Section 6. 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 fully implement the provisions of Section 403.19 of the Code
of Iowa, as amended, with respect to the division of taxes from property within the Urban
Renewal Project 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 Urban Renewal
Project Area and the territory contained therein.
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Section 7. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
Mayor Joh R. Rooff
ATTEST:
City Clerk ncy Eckert
Read First Time: April 7 , 2003 Vote for passage: Ayes : 7
Read Second Time: April 7 , 2003 Vote for passage: Ayes : 7
Read Third Time: April 7 , 2003 Vote for passage: Ayes : 7
PASSED AND APPROVED: April 7 , 2003.
I, Nancy Eckert , City Clerk of the City of Waterloo, Iowa,
hereby certify that the above and foregoing is a true copy of Ordinance No. 4606
passed and approved by the City Council of said City at a meeting held
April 7 , 2003, signed by the Mayor on April 9
2003, and published in the "Waterloo Courier" on Vh.a y i , 2003.
City Clerk, erloo, Iowa
SAL Nancy Eckert
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DLII-13-63498\\11310 066
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RECOREFR
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 Cattle Congress
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.
41,
Date. this 21 day of Y \ay , 2003.
i
"IA/AILA/AlliA —YI,t,a,,,, Tc12 -
M.y.i a 41F:
• ty of Water'[ a Clerk of the y of Waterloo, Iowa
(CITLJoh _ ' . Roof f gP Nancy Eckert
S-E`A L)
STATE OF IOWA )
) SS:
COUNTY OF BLACK HAWK )
ACKNOWLEDGMENT
On this 0/7T/4 day of Ma(4 , 2003, before me,
6/1A L• 0/1'5 , a Notary Public in and for the State of Iowa, personally
appeared anti n 12 . r2.00 F and /J 1 r e F,I(e(t , to me
personally known, and, who, being by me duly sworn,`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. '/'0. passed (the Resolution adopted) by the City Council under
Roll Call No. !I$o 3 I of the City Council on the 7+1' day of ,4p r ; i ,
2003, and that ,Tbk pi 12. 1206 and 1\16.n exi eat rt
acknowledged the execution of the instrument to be their vbluntary act and deed and.•tiie_ . , .
voluntary act and deed of the City, by it voluntarily executed. •• "" ••.ilk 4 . P.Ii;, _ ,.., : ,.
..„. _,
,,, 111 ,: . ,
Notary Public in and for said County and State r: , ti,.; ;
•
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 Cattle Congress 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 tff
)rook atPage of the records in my office.
as Document #2003035475
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i4gmefp
County Recorder of Black Hawk County, Io a
(COUNTY SEAL)
DLILL40\363500\\1 1310.066
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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 Cattle Congress
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.
Dated th• I-t day of Pia , 2003.
4tLldL;Al —
Mayo of the C. of aterloo, , Clerk of the ity of Waterloo, Iowa
John ' . .Rooff Nancy Eckert
(CITY SEAL)
STATE OF IOWA )
) SS:
COUNTY OF BLACK HAWK )
ACKNOWLEDGMENT
On this 7 day of 'D1 , 2003, before me,
t� a Nota Public in and for the State of Iowa, personally
,n . P Y
appeared `Jp{�n and G�-t1 ��r� , to me
personally known, and, who, being by me duly sworn, Chid 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. 4/1,0(p passed(the Resolution adopted)by the City Council under
Roll Call No. 1/$ o 3 / of the City Council on the 7 +h day of Apr % (
2003, and that doh n leco- and )71(t PIEckc r1,
acknowledged the execution of the instrument to be their vdluntary act and deed and the
voluntary act and deed of the City, by it voluntarily executed.
Notary Public in and for said County and State :- " 8p�1'ti•
o O 4Q CJ
V p \
',` 7jllf fflt ltl�"``
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 Cattle Congress Urban Renewal Plan of
the City of Waterloo, Iowa, approved by the City Council on the 7`" day of April, 2003, all
duly certified upon the form attached above, for recording and the same is recorded iw
took atPage of the records in my office.
as Document #2003035475
' ,e/J2e4Weeividfii- OPied-L
County Recorder of Black Hawk County, Iowa
(COUNTY SEAL)
DLILLEB0\363 500\\11310.066
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