HomeMy WebLinkAbout5563-07.13.2020Prepared by Chris Wendland, City Attorney, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703,
(319) 291-4323.
ORDINANCE NO. 5563
AN ORDINANCE AMENDING ORDINANCE NOS. 5253, 5505 AND 5506
PROVIDING THAT GENERAL PROPERTY TAXES LEVIED AND COLLECTED
EACH YEAR ON ALL PROPERTY LOCATED WITHIN THE AMENDED
CROSSROADS WATERLOO URBAN RENEWAL AND REDEVELOPMENT AREA
(AMENDED AND RESTATED) 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 AN INDEBTEDNESS, INCLUDING BONDS
ISSUED OR TO BE ISSUED, INCURRED BY SAID CITY IN CONNECTION WITH
THE AMENDED CROSSROADS WATERLOO URBAN RENEWAL AND
REDEVELOPMENT PROJECT.
WHEREAS, the City Council of the City of Waterloo, Iowa has heretofore, in Ordinance Nos.
5253, 5505 and 5506 provided for the division of taxes within the Crossroads Waterloo Urban Renewal
and Redevelopment Plan Project Area, pursuant to Section 403.19 of the Code of Iowa; and
WHEREAS, territory has now been removed from the Crossroads Waterloo Urban Renewal and
Redevelopment Plan 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 said Project
Area, and the continuing needs of redevelopment within the amended Project Area are such as to require
the continued application of the incremental tax resources of the amended Project Area; and
WHEREAS, the following enactment is necessary to accomplish the objectives described in the
Crossroads Waterloo Urban Renewal and Redevelopment Plan, as amended.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA THAT:
Ordinance Numbers 5253, 5505 and 5506 are hereby amended to read as follows:
Section 1: For purposes of this Ordinance, the following terms shall have the following
meanings:
(a) Restated Plan Area shall mean that portion of the City of Waterloo, Iowa described in
the urban renewal and redevelopment plan for the Crossroads Waterloo Urban
Renewal and Redevelopment Plan Area approved by Resolution No. 2014-965
adopted on November 10, 2014, which Restated Plan Area includes the lots and
parcels located within the area legally described as follows:
Beginning at the point where the centerline of East San Marnan Drive intersects
the centerline of La Porte Road; thence Northeasterly along the centerline of East San
Marnan Drive to its intersection with the centerline of U.S. Highway 218 as presently
established; thence Southeasterly along the centerline of U.S. Highway 218 to its
intersection with the East line of Section 13 of Township 88 North, Range 13 West;
thence South along the East line of said Section 13 to its intersection with the South
line of the North Half of said Section 13; thence West along the South line of the
North Half of said Section 13 to its intersection with the West line of said Section 13;
thence North along the West line of said Section 13 and the West line of Section 12
of Township 88 North, Range 13 West to its intersection with the Northwest corner
of said Section 12; thence West along the North line of Section 11 of Township 88
North, Range 13 West to a point that would intersect a Southerly extension of the
East line of Lot 1 of Crossroads Plat No. 3; thence Northerly along a Southerly
extension of the East line of said Lot 1 to the Southeast corner of said Lot 1; thence
Westerly along the South line of said Lot 1 and a westerly extension of the South line
of said Lot 1 to its intersection with the centerline of Alexandra Drive; thence
Southerly along the centerline of Alexandra Drive to its intersection with the
centerline of Southtown Drive; thence Easterly along the centerline of Southtown
Drive to its intersection with the Westerly line of Crossroads Estates Replat No. 1;
thence Southerly along the Westerly line of Crossroads Estates Replat No. lto its
intersection with the Southeast corner of Lot 9 of Southtown; thence SOO°39'22"E
148.99 feet; thence S89°28'31"W 260.99 feet to a point that is 149.00 feet South of
the Southwest corner of said Lot 9; thence Southerly along an extension of the West
line of said Lot 9 to its intersection with the centerline of U.S. Highway 20 as
presently established; thence Westerly along the centerline of U.S. Highway 20 to its
intersection with the West line of Section 11 of Township 88 North, Range 13 West;
thence North along the West line of said Section 11 and the West line of Section 2 of
Township 88 North, Range 13 West to its intersection with the centerline of
Flammang Drive; thence Easterly and Southeasterly along the centerline of
Flammang Drive to its intersection with a Southwesterly extension of the
Northwesterly line of Schukei Commercial Park; thence Northeasterly along a
Southwesterly extension of the Northwesterly line of Schukei Commercial Park and
the Northwesterly line of Schukei Commercial Park to its intersection of the
centerline of Schukei Road; thence Northwesterly along the centerline of Schukei
Road to its intersection with a Southwesterly extension of the Northwesterly line of
Lot 2 of Phoenix Addition; thence Northeasterly along a Southwesterly extension of
the Northwesterly line of said Lot 2 to the Southwesterly corner of said Lot 2; thence
Northeasterly, Northerly, Easterly, Northerly and Easterly along the Westerly and
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Northerly lot lines of said Lot 2 to the Northeast corner of said Lot 2; thence Easterly
along an Easterly extension of the Northerly most lot line of said Lot 2 to its
intersection with the centerline of Camelot Drive; thence Northerly along the
centerline of Camelot Drive and a Northerly extension of the centerline of Camelot
Drive, said extension also being the Easterly line of the Preserve at Crossroads and
the Easterly line of Orange Park, to its intersection with the centerline of East
Ridgeway Avenue; thence Easterly along the centerline of East Ridgeway Avenue to
the centerline of La Porte Road; thence Southeasterly along the centerline of La Porte
Road to its intersection with the centerline of East San Marnan Drive and the Point of
Beginning.
(b) Amendment No. 1 Removal Area shall mean that portion of the City of Waterloo,
Iowa described in an Amendment to the urban renewal and redevelopment plan for
the Crossroads Waterloo Urban Renewal and Redevelopment Plan Area approved by
Resolution No. 2019-516, adopted on July 8, 2019, which Removal Area includes the
lots and parcels located within the area legally described as follows:
That part of the above -described Restated Plan Area described as: Beginning at
the Northwest corner of Section 13, T88N R13W; thence South along the West line
of said Section 13 to the South line of the Northwest 1/4 of said Section 13; thence
East along said South line and the South line of the Northeast 1/4 of said Section 13 to
the East line of said Section 13; thence North along the East line of said Section 13 to
the centerline of U.S. Highway 218 as presently established; thence Northwesterly
along the centerline of U.S. Highway 218 to the North line of said Section 13; thence
West along the North line of Said Section 13 to the Northwest corner of said Section
13 and the Point of Beginning
AND
That part of the above -described Restated Plan Area described as: All that part
of Section 12, T88N R13W, located Southerly of the Southerly right-of-way line of
U.S. Highway 20 as presently established, and located Southwesterly of the
Southwesterly right-of-way line of U.S. Highway 218 as presently established, except
Parcel "A" of the Southwest 1/4 of Section 12, T88N R13W, recorded in Misc. Book
335 Page 957, and except Tract A and Tract B of IOC Waterloo, LLC Addition, a
subdivision of a part of the SW 1/4 and part of the SE 1/4 of Section 12, T88N R13W,
recorded as Document 2007-016941.
AND
That part of the above -described Restated Plan Area described as: Beginning at
the intersection of the West line of Section 11, T88N R13W, and the centerline of
Southtown Drive; thence Easterly along the centerline of Southtown Drive to the
Southerly extension of a line that is parallel with and 105 feet East of the West line of
Lot 2 of Southtown; thence Northerly along the Southerly extension of said line and
said line to the Northerly line of said Lot 2; thence Westerly along said Northerly line
to the Northwest corner of said Lot 2; thence Northerly along the Westerly line of Lot
3 and Lot 4 of said Southtown to the Northwesterly line of said Lot 4; thence
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Northeasterly along the Northwesterly line of said Lot 4 to the Northerly line of said
Lot 4: thence West a distance of 172.93 feet; thence Westerly to the Northwest comer
of Section 11, T88N R13W; thence South along the West line of said Section 11 to
the centerline of Southtown Drive and the Point of Beginning.
AND
That part of the above -described Restated Plan Area described as: Lot 1 of
Crossroads Plat No. 3.
AND
That part of the above -described Restated Plan Area described as: Richland Park
Lots 8, 9, 17, 18, 19, 20, 21, 22; and Lot 16 Richland Park, except that part lying
Easterly of a line which is parallel with and 45 feet normally distant and Westerly of
the East line of said Lot 16; and Lot 23 Richland Park, except that part lying Easterly
of a line which is parallel with and 45 feet normally distant and Westerly of the East
line of said Lot 16; and vacated Camelot Drive lying West of the Southwesterly line
of Flammang Drive, except that part lying Easterly of a line which is parallel with
and 45 feet normally distant and Westerly of the East line of said Lot 16; and also Lot
5 of Fortune Addition.
AND
That part of the above -described Restated Plan Area described as: Beginning at
the intersection of the centerline of Crossroads Boulevard and the centerline of
Penneys Street; thence Northeasterly and Southeasterly along the centerline of
Crossroads Boulevard to the Southwesterly extension of the Southeasterly line of Lot
1 of Crossroads Plat No. 8; thence Northeasterly along the Southwesterly extension
of the Southeasterly line of said Lot 1, the Southeasterly line of said Lot 1, and the
Northeasterly extension of the Southeasterly line of said Lot 1 to the centerline of La
Porte Road; thence Southeasterly along the centerline of La Porte Road to the
Northeasterly extension of the Northwesterly line of Lot 2 of Crossroads Plat No. 10;
thence Southwesterly along the Northeasterly extension of the Northwesterly line of
said Lot 2 and the Northwesterly line of said Lot 2 to the Southwesterly line of said
Lot 2; thence Southeasterly along the Southwesterly line of said Lot 2 to the
Southeasterly line of said Lot 2; thence Northeasterly along the Southeasterly line of
said Lot 2 and a Northeasterly extension of the Southeasterly line of said Lot 2 to the
centerline of La Porte Road; thence Southeasterly and Southwesterly along the
centerline of La Porte Road and the centerline of Hess Road as presently established
to the South line of Section 1, T88N R13W; thence West along the South line of said
Section 1 to the Southwest corner of said Section 1; thence West along the South line
of Section 2, T88N R13W, to the Southerly extension of the East line of Lot 1 of
Crossroads Plat No. 9; thence Northerly along the Southerly extension of the East
line of said Lot 1, the East line of said Lot 1, and a Northerly extension of the East
line of said Lot 1 to the centerline of Crossroads Boulevard; thence Easterly and
Northeasterly along the centerline of Crossroads Boulevard to the Southeasterly
extension of the Southerly most line of Lot 3 of Crossroads Plat No. 7 that connects
to Crossroads Boulevard; thence Northwesterly along said Southeasterly extension of
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said Southerly most line that connects to Crossroads Boulevard to the Northwesterly
right-of-way line of Crossroads Boulevard; thence Northwesterly and Southwesterly
along the Southerly most lines of said Lot 3 to the Southwesterly most corner of said
Lot 3: thence Southwesterly along the Southeasterly line of Lot 1 of Crossroads Plat
No. 7 and a Southwesterly extension of the Southeasterly line of said Lot 1 to the
centerline of Crossroads Boulevard; thence Northwesterly and Northerly along the
centerline of Crossroads Boulevard to an Easterly extension of the Southerly most
line of Lot A-1 of Crossroads Plat No. 4; thence Westerly and Southwesterly along
said extension of the Southerly most line of Lot A-1 and said Southerly most line of
Lot A-1 to the Southerly most corner of said Lot A-1; thence Northwesterly along the
Southwesterly line of said Lot A-1 to the Westerly most corner of said Lot A-1;
thence Northeasterly along the Northwesterly line of said Lot A-1 to the Northerly
most corner of said Lot A-1; thence Southeasterly along the Northeasterly line of said
Lot A-1 and a Southeasterly extension of the Northeasterly line of said Lot A-1 to the
centerline of Crossroads Boulevard; thence Northeasterly along the centerline of
Crossroads Boulevard to the centerline of Penneys Street and the Point of Beginning.
(c) Amendment No. 2 Area shall mean that portion of the City of Waterloo, Iowa
described in an Amendment to the urban renewal and redevelopment plan for the
Crossroads Waterloo Urban Renewal and Redevelopment Plan Area approved by
Resolution No. 2019-517 adopted on July 8, 2019, which Amendment Area includes
the lots and parcels located within the area legally described as follows:
That part of the above -described Restated Plan Area removed by Amendment
No. 1 located within the area described as: Beginning at the Northwest corner of
Section 13, T88N R13W; thence South along the West line of said Section 13 to the
South line of the Northwest 1/4 of said Section 13; thence East along said South line
and the South line of the Northeast 1/4 of said Section 13 to the East line of said
Section 13; thence North along the East line of said Section 13 to the centerline of
U.S. Highway 218 as presently established; thence Northwesterly along the
centerline of U.S. Highway 218 to the North line of said Section 13; thence West
along the North line of Said Section 13 to the Northwest corner of said Section 13
and the Point of Beginning
AND
That part of the above -described Restated Plan Area removed by Amendment
No. 1 located within the area described as: All that part of Section 12, T88N R13W,
located Southerly of the Southerly right-of-way line of U.S. Highway 20 as presently
established, and located Southwesterly of the Southwesterly right-of-way line of U.S.
Highway 218 as presently established, except Parcel "A" of the Southwest 1/4 of
Section 12, T88N R13W, recorded in Misc. Book 335 Page 957, and except Tract A
and Tract B of IOC Waterloo, LLC Addition, a subdivision of a part of the SW 1/4 and
part of the SE 14 of Section 12, T88N R13W, recorded as Document 2007-016941.
AND
All that part of Govt. Lot 4 Sec. 12, T88N R13W and the SE 1/4 of the SE 1/4 of
Sec. 12, T88N R13W, lying Southwesterly of Highway #218 (now known as Texas
Street), and lying Northeasterly of the centerline of U.S. Highway 218 as presently
established.
AND
Beginning at the Southeast corner of Section 11, T88N R13W; thence West to
the West line of the SE 1/4 of said Section 11; thence North along the West line of said
SE 1/4 to the North line of said SE 1/4; thence East along the North line of said SE 1/4 to
the East line of the SW 1/4 of the NE 1/4 of said Section 11; thence North along the
East line of the SW 1/4 of the NE 1/4 of said Section 11 to the Northerly right-of-way
line of U.S. Highway 20 as presently established; thence Northeasterly along said
Northerly right-of-way line to the East line of said Section 11; thence South along the
East line of said Section 11 to the Southeast corner of said Section 11 and the Point
of Beginning.
AND
That part of the above -described Restated Plan Area removed by Amendment
No. 1 located within the area described as: Beginning at the intersection of the West
line of Section 11, T88N R13W, and the centerline of Southtown Drive; thence
Easterly along the centerline of Southtown Drive to the Southerly extension of a line
that is parallel with and 105 feet East of the West line of Lot 2 of Southtown; thence
Northerly along the Southerly extension of said line and said line to the Northerly
line of said Lot 2; thence Westerly along said Northerly line to the Northwest corner
of said Lot 2; thence Northerly along the Westerly line of Lot 3 and Lot 4 of said
Southtown to the Northwesterly line of said Lot 4; thence Northeasterly along the
Northwesterly line of said Lot 4 to the Northerly line of said Lot 4: thence West a
distance of 172.93 feet; thence Westerly to the Northwest corner of Section 11, T88N
R13W; thence South along the West line of said Section 11 to the centerline of
Southtown Drive and the Point of Beginning.
AND
That part of the above -described Restated Plan Area removed by Amendment
No. 1 located within the area described as: Lot 1 of Crossroads Plat No. 3.
AND
That part of the above -described Restated Plan Area removed by Amendment
No. 1 located within the area described as: Richland Park Lots 8, 9, 17, 18, 19, 20,
21, 22; and Lot 16 Richland Park, except that part lying Easterly of a line which is
parallel with and 45 feet normally distant and Westerly of the East line of said Lot
16; and Lot 23 Richland Park, except that part lying Easterly of a line which is
parallel with and 45 feet normally distant and Westerly of the East line of said Lot
16; and vacated Camelot Drive lying West of the Southwesterly line of Flammang
Drive, except that part lying Easterly of a line which is parallel with and 45 feet
normally distant and Westerly of the East line of said Lot 16; and also Lot 5 of
Fortune Addition.
AND
That part of the above -described Restated Plan Area removed by Amendment
No. 1 located within the area described as: Beginning at the intersection of the
centerline of Crossroads Boulevard and the centerline of Penneys Street; thence
Northeasterly and Southeasterly along the centerline of Crossroads Boulevard to the
Southwesterly extension of the Southeasterly line of Lot 1 of Crossroads Plat No. 8;
thence Northeasterly along the Southwesterly extension of the Southeasterly line of
said Lot 1, the Southeasterly line of said Lot 1, and the Northeasterly extension of the
Southeasterly line of said Lot 1 to the centerline of La Porte Road; thence
Southeasterly along the centerline of La Porte Road to the Northeasterly extension of
the Northwesterly line of Lot 2 of Crossroads Plat No. 10; thence Southwesterly
along the Northeasterly extension of the Northwesterly line of said Lot 2 and the
Northwesterly line of said Lot 2 to the Southwesterly line of said Lot 2; thence
Southeasterly along the Southwesterly line of said Lot 2 to the Southeasterly line of
said Lot 2; thence Northeasterly along the Southeasterly line of said Lot 2 and a
Northeasterly extension of the Southeasterly line of said Lot 2 to the centerline of La
Porte Road; thence Southeasterly and Southwesterly along the centerline of La Porte
Road and the centerline of Hess Road as presently established to the South line of
Section 1, T88N R13W; thence West along the South line of said Section 1 to the
Southwest corner of said Section 1; thence West along the South line of Section 2,
T88N R13W, to the Southerly extension of the East line of Lot 1 of Crossroads Plat
No. 9; thence Northerly along the Southerly extension of the East line of said Lot 1,
the East line of said Lot 1, and a Northerly extension of the East line of said Lot 1 to
the centerline of Crossroads Boulevard; thence Easterly and Northeasterly along the
centerline of Crossroads Boulevard to the Southeasterly extension of the Southerly
most line of Lot 3 of Crossroads Plat No. 7 that connects to Crossroads Boulevard;
thence Northwesterly along said Southeasterly extension of said Southerly most line
that connects to Crossroads Boulevard to the Northwesterly right-of-way line of
Crossroads Boulevard; thence Northwesterly and Southwesterly along the Southerly
most lines of said Lot 3 to the Southwesterly most corner of said Lot 3: thence
Southwesterly along the Southeasterly line of Lot 1 of Crossroads Plat No. 7 and a
Southwesterly extension of the Southeasterly line of said Lot 1 to the centerline of
Crossroads Boulevard; thence Northwesterly and Northerly along the centerline of
Crossroads Boulevard to an Easterly extension of the Southerly most line of Lot A-1
of Crossroads Plat No. 4; thence Westerly and Southwesterly along said extension of
the Southerly most line of Lot A-1 and said Southerly most line of Lot A-1 to the
Southerly most corner of said Lot A-1; thence Northwesterly along the Southwesterly
line of said Lot A-1 to the Westerly most corner of said Lot A-1; thence
Northeasterly along the Northwesterly line of said Lot A-1 to the Northerly most
corner of said Lot A-1; thence Southeasterly along the Northeasterly line of said Lot
A-1 and a Southeasterly extension of the Northeasterly line of said Lot A-1 to the
centerline of Crossroads Boulevard; thence Northeasterly along the centerline of
Crossroads Boulevard to the centerline of Penneys Street and the Point of Beginning.
AND
Beginning at the intersection of the centerline of East San Marnan Drive and the
centerline of La Porte Road; thence Northwesterly along the centerline of La Porte
Road to the centerline of East Ridgeway Avenue; thence Westerly along the
centerline of East Ridgeway Avenue to a Southerly extension of the West line of Lot
474 of Pleasant View Addition; thence Northerly along the Southerly extension of
the West line of said Lot 474 and the West line of said Lot 474 to the North line of
said Lot 474; thence Easterly along the North line of said Lot 474 and the North line
of Lot 475 of said Pleasant View Addition to the Northeast corner of said Lot 475;
thence Northerly to the Southeast corner of Lot 366 of said Pleasant View Addition;
thence Northerly along the East line of said Lot 366 to the Northeast corner of said
Lot 366; thence Northerly to the Southeast corner of Lot 355 of said Pleasant View
Addition; thence Northerly along the East line of said Lot 355 to the Northeast corner
of said Lot 355; thence Easterly along the North line of Lot 356 of said Pleasant
View Addition to the Northeast corner of said Lot 356; thence Northerly to the
Southeast corner of Lot 245 of said Pleasant View Addition; thence Northerly along
the East line of said Lot 245 to the Northeast corner of said Lot 245; thence Westerly
along the North line of said Lot 245 to the Northwest corner of Said Lot 245; thence
Northerly to the Southwest corner of Lot 236 of said Pleasant View Addition; thence
Northerly along the West line of said Lot 236 to the Northwest corner of said Lot
236; thence Northerly to the Southwest corner of Lot 125 of said Pleasant View
Addition; thence Northerly along the West line of said Lot 125 to the Northwest
corner of said Lot 125; thence Westerly along the North lines of Lots 126 and 127 of
said Pleasant View Addition to the Northwest corner of said Lot 127; thence
Northerly to the Southwest corner of Lot 114 of said Pleasant View Addition; thence
Northerly along the West line of said Lot 114 to the Northwest corner of said Lot
114; thence Northerly to the Southwest corner of Lot 7 of said Pleasant View
Addition; thence Easterly along the South lines of Lot 7 and Lot 6 of said Pleasant
View Addition to the East line of the West 20 feet of said Lot 6; thence Northerly
along said East line to the North line of said Lot 6; thence Northerly along the
Northerly extension of said East line to the South line of Lot 4 of Sunkist Addition;
thence Westerly along said South line to the West line of said Lot 4; thence Northerly
along said West line to the South line of Lot 293 of Mc Lendon's First Addition;
thence Easterly along said South line to the East line of said Mc Lendon's First
Addition; thence Northerly along said East line to the Southeast corner of Lot 242 of
said Mc Lendon's First Addition; thence Northerly along the East lines of Lots 242
and 240 of said Mc Lendon's First Addition to the Northeast corner of said Lot 240;
thence Westerly along the North line of said Lot 240 to the Northwest corner of said
Lot 240; thence Northerly to the Southwest corner of Lot 15 of Mc Lendon Addition;
thence Northerly along the West lines of Lots 15 and 13 of said Mc Lendon Addition
to the Northwest corner of said Lot 13; thence Westerly along the North lines of Lots
12, 11, 10, 9, and 8 of said Mc Lendon Addition to a point on the North line of said
Lot 8 that intersects a Southerly extension of the East line of Rolling Acres; thence
Northerly along said Southerly extension of the East line of Rolling Acres and the
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East line of Rolling Acres to the Southwest corner of Rolling Acres 1st Addition;
thence Easterly along the South line of said Rolling Acres 1st Addition to the
Southeast corner of Rolling Acres 1st Addition; thence Northerly along the East line
of said Rolling Acres 1st Addition to the Northeast corner of Rolling Acres 1st
Addition, said point being on the centerline of Byron Avenue; thence Westerly along
the centerline of Byron Avenue to the Southerly extension of the West line of
Stoyanoff s Replat; thence Northerly along the Southerly extension of said West line
and said West line to the Northwest corner of said Stoyanoff s Replat; thence
Northerly along an extension of the Westerly line of said Stoyanoff s Replat to the
centerline of Hawthorne Avenue; thence Easterly along the centerline of Hawthorne
Avenue to the centerline of the Iowa Northern Railroad; thence Southeasterly along
the centerline of the Iowa Northern Railroad to a Northeasterly extension of the
centerline of East San Marnan Drive; thence Southwesterly along the Northeasterly
extension of the centerline of East San Marnan Drive and the centerline of East San
Marnan Drive to its intersection with the centerline of U.S. Highway 218/Interstate
380; thence Southwesterly along the centerline of East San Marnan Drive to the
centerline of La Porte Road and the Point of Beginning.
(d) Amendment No. 3 Removal Area shall mean shall mean that portion of the City of
Waterloo, Iowa described in an Amendment to the urban renewal and redevelopment
plan for the Crossroads Waterloo Urban Renewal and Redevelopment Plan Area
approved by Resolution No. 2020-, adopted on July 13, 2020, which Removal
Area consists of the lots and parcels located within the area legally described as
follows:
Beginning at the Southwest corner of Section 12, T88N R13W; thence North 55
feet to the Northerly right-of-way line of East Shaulis Road as presently established;
thence Easterly along said Northerly right-of-way line of East Shaulis Road and an
Easterly extension of said Northerly right-of-way line to the centerline of U.S.
Highway 218 as presently established; thence Southeasterly along said centerline to
the East line of Section 13, T88N R13W; thence South along the East line of said
Section 13 to the South line of the Northeast 1/4 of said Section 13; thence West along
said South line and the South line of the Northwest '/4 of said Section 13 to the West
line of said Section 13; thence North along the West line of said Section 13 to the
Northwest corner of said Section 13, said point also being the Southwest corner of
Section 12, T88N R13W, and the Point of Beginning.
AND
Beginning at the Southwest corner of Section 12, T88N R13W; thence East 50
feet to the Easterly right-of-way line of Hess Road as presently established; thence
Northerly along said Easterly right-of-way line of Hess Road to the intersection with
an Easterly extension of the North line of the Southeast 1/4 of the Southeast '/4 of
Section 11, T88N R13W; thence Westerly along said Easterly extension of the North
line of said Southeast 1/4 of the Southeast '/4, and said North line of said Southeast '/4
of the Southeast '/4, and the North line of the Southwest '/4 of the Southeast 1/4 of said
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Section 11 to the Northwest corner of said Southwest 1/4 of the Southeast 1/4; thence
Southerly along the West line of said Southwest 1/4 of the Southeast 1/4 to the South
line of said Section 11; thence Easterly along said South line to the Southeast corner
of said Section 11, said point also being the Southwest corner of Section 12, T88N
R13W, and the Point of Beginning.
(e) Amended Project Area shall mean that portion of the City of Waterloo, Iowa
included within the Restated Plan Area, as legally described in paragraph (a), as
modified to remove therefrom those portions of the Amendment No. 1 Removal
Area, as legally described in paragraph (b) above, that are situated in the Restated
Plan Area, and the Amendment No. 2 Area as legally described in paragraph (c)
above, as modified to remove therefrom those portions of the Amendment No. 3
Removal Area as legally described in paragraph (d) above.
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 provided in this Ordinance.
Section 3: As to the Restated Plan 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
Restated Plan Area upon the total sum of the assessed value of the taxable property in the Restated Plan
Area as shown on the assessment roll as of January 1, 2013, being the first day of the calendar year
preceding the effective date of Ordinance No. 5253, 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 the Amendment No. 2 Area that remains after removal therefrom of those parcels situated
within the Amendment No. 3 Removal 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, 2016, 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 403.22 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 regular and voter -approved physical plant and
equipment levy of a school district imposed pursuant to Section 298.2 of the Code of Iowa and 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.
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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 area shown by the
last equalized 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 Restated Plan Area under the provisions of
Section 403.19 of the Code of Iowa, as authorized in Ordinance No. 5253, as amended by Ordinance No.
5505 for the removal of the Amendment No. 1 Removal Area, as amended by Ordinance No. 5506 for the
addition of the Amendment No. 2 Area, as amended by Ordinance No. 5563 for the removal of the
Amendment No. 3 Removal 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 foregoing areas 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.
Section 8: This Ordinance shall be in effect after its final passage, approval and publication as
provided by law.
INTRODUCED: July 13, 2020
PASSED FIRST CONSIDERATION: July 13, 2020
PASSED SECOND CONSIDERATION: July 13, 2020
PASSED THIRD CONSIDERATION: July 13, 2020
PASSED AND ADOPTED by the City Council of the City of Waterloo, Iowa on the 13th day of
July, 2020, and approved by the Mayor on the 13t' day of July, 2020.
Quentin M. Hart, Mayor
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ATTEST:
Kelley Felchle, City Clerk
CERTIFICATE
I, Kelley Felchle, City Clerk of the City of Waterloo, Iowa, do hereby certify that the preceding is
a true and complete copy of Ordinance No. 5563, as passed and adopted by the Council of the City of
Waterloo, Iowa, on the 13th day of July, 2020.
SEAL
Witness my hand and seal of office this 14th day of July, 2020.
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Ke//ee .re/ch/e
Kelley Felchle, City Clerk