HomeMy WebLinkAbout5809-11.03.2025.docDocusign Envelope ID: 2A40818A-4C04-4B05-8CFC-A57BAE9A7CF0
Prepared by Austin J. McMahon, City Attorney, City of Waterloo, 222 First Street East,
Independence, IA 50644, (319) 319-334-4488.
ORDINANCE NO. 5809
AN ORDINANCE AMENDING ORDINANCE NOS. 4351, 4748,
4956, 5431, 5432, 5507A, 5564, 5777, AND 5778 PROVIDING
THAT GENERAL PROPERTY TAXES LEVIED AND
COLLECTED EACH YEAR ON ALL PROPERTY LOCATED
WITHIN THE AMENDED SAN MARNAN URBAN RENEWAL
AND REDEVELOPMENT 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 AN INDEBTEDNESS, INCLUDING
BONDS ISSUED OR TO BE ISSUED, INCURRED BY SAID
CITY IN CONNECTION WITH THE AMENDED SAN
MARNAN URBAN RENEWAL AND REDEVELOPMENT
PROJECT.
WHEREAS, the City Council of the City of Waterloo, Iowa has previously, in Ordinance Nos.
4351, 4748, 4956, 5431, 5432, 5507A, 5564, 5777, and 5778 provided for the division of taxes within the
San Marnan Urban Renewal and Redevelopment Plan Area, pursuant to Section 403.19 of the Code of
Iowa; and
WHEREAS, territory has now been removed from the San Marnan 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
San Marnan 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 4351, 4748, 4956, 5431, 5432, 5507A, 5564, 5777, and 5778 are hereby
amended to read as follows:
Section 1: For purposes of this Ordinance, the following terms shall have the following
meanings:
(a) Original area (1999) (Original Subarea) shall mean that portion of the City of
Waterloo, Iowa described in the urban renewal and redevelopment plan for the San
Marnan Urban Renewal and Redevelopment Plan Area approved by Resolution No.
1999-499 adopted on July 26, 1999, which Original Project Area includes the lots
and parcels located within the area legally described as follows:
A part of the NW 1/4 of the NE 1/4, NE 1/4 of the NE 1/4 and the SW 1/4 of the
NE 1/4 of Section 9-88-13, Waterloo, Black Hawk County, Iowa, described as
follows:
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Commencing at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section
9; thence S 00°26'14" E along the East Line of the NW 1/4 of the NE 1/4 of said
Section 9 a distance of 463.53 feet to the point of beginning; thence S 89°03'48" E a
distance of 110.02 feet; thence Northeasterly along a curve concave Northwesterly
having a radius of 82.72 feet and a long chord bearing N 64°43'56" E a distance of
75.66 feet to the Northerly R-O-W line of Tower Park Drive as platted in Tower
Park, Waterloo, Black Hawk County, Iowa; thence S 51°28'16" E along the Westerly
end of said Tower Park Drive a distance of 60.00 feet; thence Southwesterly along a
curve concave Northwesterly having a radius of 142.72 feet and a long chord bearing
S 64°43'57" W a distance of 130.55 feet; thence N 89°03'48" W a distance of 58.09
feet; thence Southerly along a curve concave Southeasterly having a radius of 20.00
feet and a long chord bearing S 45°14'59" W a distance of 31.90 feet; thence S
00°26'14" E a distance of 346.22 feet; thence N 89°34'11" W a distance of 30.00 feet
to the East line of the NW 1/4 of the NE 1/4 of said Section 9; thence S 00°26'14" E
along the East line of the NW 1/4 of the NE 1/4 and the East line of the SW 1/4 of the
NE 1/4 of said Section 9 a distance of 470.00 feet to the Northerly R-O-W of U.S.
Hwy. 20; thence N 89°34'11" W along said Northerly R-O-W a distance of 780.00
feet; thence N 00°26'14" W a distance of 530.00 feet; thence S 89°34'11" E a distance
of 750.00 feet; thence N 00°26'14" W a distance of 367.24 feet; thence S 89°03'48" E
a distance of 30.01 feet to the point of beginning, all in the City of Waterloo, Black
Hawk County, Iowa.
The East line of the NW 1/4 of the NE 1/4 of Section 9-88-13, Waterloo, Black
Hawk County, Iowa is assumed to bear S 00°26'14" E.
(b) Amendment No. 1 area (2004) (Amendment No. 1 Subarea) (as modified by
Amendment. No. 3 (2017), Amendment No. 5 (2019), and Amendment No. 7
(2024))
Beginning at the intersection of the centerlines of W. 4th Street and West San Maman
Drive, thence Easterly along the centerline of West San Maman Drive to the point
where the centerline of Johnathon Street extended would intersect said centerline,
thence South and Southeasterly along the extension of the centerline and the
centerline of Johnathon Street to the South line of Tower Park Drive, thence
Southwesterly along an arc following the Southerly line of Tower Park
Drive to the Westerly line of Tract A of Tower Park Addition, thence South 45°26'
14" East a distance of 173.84 feet, to a point on the Southwesterly line of Lot 1
Tower Park Addition, thence following said line of Lot 1 57.3 feet along a 64 foot
radius curve, thence South 45°26' 14" East 52 feet to the point of intersection of Lot 1
and Tract A, thence South 54°48' 14" East to the most Southerly comer of Tract A,
thence in a straight line to the most Westerly comer of Lot 1 of Tower Park No. 2,
thence East along the South line of said Lot 1 and an extension thereof to the
centerline of Kimball Avenue, thence South along the centerline of Kimball Avenue
to the centerline of U.S. Highway 20, thence Easterly along the centerline of U.S.
Highway 20 to its intersection with the East line of the West3/4 of Section 10
Township 88 Range 13, thence South along the East line of the West 3/4 of said
Section 10 to the South line of said Section, thence West along the South line of
Section 10 Township 88 Range 13 to the Southwest comer of said Section, thence
continuing West along the South line of Section 9 Township 88 Range 13 to the
Southwest comer of said Section, thence West 466 feet along the South line of
Section 8 Township 88 Range 13, thence North 466 feet, thence East 466 feet to the
East line of said Section 8, thence North along the East line of said Section to its
intersection with the centerline of U.S. Highway 20, thence Westerly along said
centerline to its intersection with the centerline of West 4th Street, thence North
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along the centerline of West 4th Street to the centerline of San Maman Drive, said
point being the point of beginning, except that part described as follows:
A part of the NW 1/4 of the NE 1/4, NE 1/4 of the NE 1/4 and the SW 1/4 of the NE
1/4 of Section 9-88-13, Waterloo, Black Hawk County, Iowa, described as follows:
Commencing at the Northeast comer of the NW 1/4 of the NE 1/4 of said Section 9;
thence S 00°26' 14" E along the East Line of the NW 1/4 of the NE 1/4 of said
Section 9 a distance of 463.53 feet to the point of beginning; thence S 89°03'48" Ea
distance of 110.02 feet; thence Northeasterly along a curve concave Northwesterly
having a radius of 82.72 feet and a long chord bearing N 64°43'56" Ea distance of
75.66 feet to the Northerly R-O-W line of Tower Park Drive as platted in Tower
Park, Waterloo, Black Hawk County, Iowa; thence S 51 '28'16" E along the Westerly
end of said Tower Park Drive a distance of 60.00 feet; thence Southwesterly along a
curve concave Northwesterly having a radius of 142.72 feet and a long chord bearing
S 64°43'57" W a distance of 130.55 feet; thence N 89°03'48" W a distance of 58.09
feet; thence Southerly along a curve concave Southeasterly having a radius of 20.00
feet and a long chord bearing S 45°14'59" W a distance of 31.90 feet; thence S
00°26'14" E a distance of 346.22 feet; thence N 89°34' 11" W a distance of 30.00 feet
to the East line of the NW 1/4 of the NE 1/4 of said Section 9; thence S 00°26'14" E
along the East line of the NW 1/4 of the NE 1/4 and the East line of the SW 1/4 of the
NE 1/4 of said Section 9 a distance of 4 70.00 feet to the Northerly R-O-W of U.S.
Hwy. 20; thence N 89°34'1 1" W along said Northerly R-O-W a distance of 780.00
feet; thence N 00°26' 14" W a distance of 530.00 feet; thence S 89°34' 11" East
distance of 750.00 feet; thence N 00°26'14" W a distance of367.24 feet; thence S
89°03'48" E distance of 30.01 feet to the point of beginning, all in the City of
Waterloo, Black Hawk County, Iowa.
The East line of the NW 1/4 of the NE 1/4 of Section 9-88-13, Waterloo, Black
Hawk County, Iowa is assumed to bear S 00°26'14" E.
Except the following 5 areas removed from the Amendment No. 1 area by
Amendment No. 3 (2017):
Area 1: That part of the above described Amendment No. 1 area located in Section 9
and 10 of T88 R13 lying Southerly of the centerline of US Highway 20.
Area 2: That part of the above described Amendment No. 1 area located in Section 8
of T88 R13,but not excepting that part of said Section 8 described as Beginning at the
intersection of the East line of the NE 1/4 of said Section 8 and an Easterly extension
of the South line of the parcel of land described in Land Deed Book 543, Page 141, in
the Black Hawk County Recorder's Office; thence S89°40'05"W 49.00'; thence
continuing S89°40'05"W 188.62'; thence S89°05'28"W to the Easterly right-of-way
line of Galactic Drive; thence Northerly along said Easterly right-of-way line and an
extension of said Easterly right-of-way line to the centerline of West San Marnan
Drive; thence Easterly along said centerline to a point that would intersect a
Northerly extension of the East line of said Section 8; thence Southerly along said
Northerly extension and the East line of said Section 8 to the Point of Beginning.
Area 3: That part of the above described Amendment No. 1 area described as
Beginning at the intersection of the centerline of West San Maman Drive and the
Northerly extension of the West line of the Northeast 1/4 of the Northwest 1/4 of
Section 9, T88 R13; thence Southerly along said Northerly extension and said West
line to the Northerly right-of-way line US Highway 20; thence Easterly along said
Northerly right-of-way line to the Southwest comer of Lot 1 of Tower Technology
Park Plat No. 1; thence Northerly along the Westerly line of said Lot 1 to the
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Northwest comer of said Lot 1; thence Northerly along the Westerly most line of
Tract A of Tower Technology Park Plat No. 1 to the Northwest comer of said Tract A
that is on said Westerly most line of said Tract A; thence Easterly along the Northerly
right-of-way line of Fisher Drive, as presently established, to a point that is
N89°34'50"W 50.00' from the Southwest comer of Lot 3 of Tower Park No. 5; thence
NO°26'00"W 310.66' to the Southerly right-of-way line of Tower Park Drive, as
presently established; thence Easterly along said Southerly right-ofway line to a point
where a Southerly extension of the West line of Lot 2 of Tower Park No. 5 would
intersect; thence Northerly along a Southerly extension of said West line, along said
West line, and along a Northerly extension of said West line to the centerline of West
San Maman Drive; thence Westerly along said centerline to the point where a
Northerly extension of the Easterly line of Lot 1 of Tower Park No. 6 would
intersect; thence Southerly along said Northerly extension and said Easterly line to
the Southeast comer of said Lot 1; thence Westerly along the South line of said Lot 1
to the Southwest comer of said Lot 1; thence Northerly along the Easterly right-of-
way line of Hurst Drive and a Northerly extension of said Easterly right-of-way line
to the centerline of West San Maman Drive; thence Westerly along said centerline of
West San Maman Drive to the Point of Beginning.
Area 4: That part of the above described Amendment No. 1 area described as: Lot 1,
Tract A, and Tract B of Tower Park No. 4.
Area 5: That part of the above described Amendment No. 1 area described as: Lot A
and Lot 3 except the East 21.99 feet of Lot 3 of Country Club Business Center
Addition, and Lot 2 of Country Club Business Center Second Addition, and Lot 3 of
Country Club Business Center Third Addition.
And except the following area removed from the Amendment No. 1 area by
Amendment No. 5 (2019): All that part of the above described Amendment No. 1
area that is part of Lots 1 thru 24 of Sunnyside South Addition.
And except the following area removed from the Amendment No. 1 area by
Amendment No. 7(2024): That part of the Northeast Quarter of Section 9, Township
88 North, Range 13 West of the 5th P.M., Black Hawk County, Iowa, lying Westerly
of Johnathan Street and lying Northerly of Tower Park Drive and lying Southerly of
Parcel "G" of Plat of Survey Do. #2005-7650.
(c) Amendment No. 2 Area (2009) (Amendment No. 2 Subarea).
A parcel of land in the Northwest Quarter (NW 1/4) of Section 10, Township 88
North, Range 13 West of the 5th P.M., Black Hawk County, Iowa, described as
follows:
Beginning at the intersection of the centerline of Kimball Avenue and the
centerline of US Highway 20; thence Easterly along the centerline of US Highway 20
to the intersection of said centerline and the Southerly extension of the Western -most
line of Lot 1, Anderson's Addition; thence Northerly along said Western -most line of
Lot 1, Anderson's Addition and the extension thereof, to the South line of Lot 1,
Anderson's 1st Addition; thence Westerly along the South line of Lot 1, Anderson's
1st Addition and the South end of the Mirage Ridge right of way to the West right of
way line of Mirage Ridge; thence North along the West right of way line of Mirage
Ridge to the South line of Lot 1, Anderson's Fifth Addition; thence Westerly along
the South line of Lot 1, Anderson's Fifth Addition and Lot 1, Anderson's Eighth
Addition and the Westerly extension thereof, to the centerline of Kimball Avenue;
thence Southerly along the centerline of Kimball Avenue to the centerline of US
Highway 20 and the point of beginning, all in the City of Waterloo, Black Hawk
County, Iowa.
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(d) Amendment No. 4 Area (2017) (Amendment No. 4 Subarea) (as modified by
Amendment No. 7 (2024) and Amendment No. 9 (2025)).
That part of the above described Amendment No. 1 area located in Section 9 and 10
of T88 R13 lying Southerly of the centerline of US Highway 20.
And,
That part of the above described Amendment No. 1 area located in Section 8 ofT88
R13, except that part of said Section 8 described as Beginning at the intersection of
the East line of the NE 1/4 of said Section 8 and an Easterly extension of the South
line of the parcel of land described in Land Deed Book 543, Page 141, in the Black
Hawk County Recorder's Office; thence S89°40'05"W 49.00'; thence continuing
S89°40'05"W 188.62'; thence S89°05'28"W to the Easterly right-of-way line of
Galactic Drive; thence Northerly along said Easterly right-of-way line and an
extension of said Easterly right-of-way line to the centerline of West San Maman
Drive; thence Easterly along said centerline to a point that would intersect a
Northerly extension of the East line of said Section 8; thence Southerly along said
Northerly extension and the East line of said Section 8 to the Point of Beginning.
And,
That part of the above described Amendment No. 1 area described as Beginning at the
intersection of the centerline of West San Marnan Drive and the Northerly extension
of the West line of the Northeast'/4 of the Northwest'/4 of Section 9, T88 R13; thence
Southerly along said Northerly extension and said West line to the Northerly right-of-
way line US Highway 20; thence Easterly along said Northerly right-of-way line to
the Southwest corner of Lot 1 of Tower Technology Park Plat No. 1; thence Northerly
along the Westerly line of said Lot 1 to the Northwest corner of said Lot 1; thence
Northerly along the Westerly most line of Tract A of Tower Technology Park Plat
No. 1 to the Northwest corner of said Tract A that is on said Westerly most line of
said Tract A; thence Easterly along the Northerly right-of-way line of Fisher Drive,
as presently established, to a point that is N89°34'S0"W 50.00' from the Southwest
comer of Lot 3 of Tower Park No. 5; thence NO°26'00"W 310.66' to the Southerly
right-of-way line of Tower Park Drive, as presently established; thence Easterly
along said Southerly right-of-way line to a point where a Southerly extension of the
West line of Lot 2 of Tower Park No. 5 would intersect; thence Northerly along a
Southerly extension of said West line, along said West line, and along a Nortll erly
extension of said West line to the centerline of West San Marnan Drive; thence
Westerly along said centerline to the point where a Northerly extension of the
Easterly line of Lot 1 of Tower Park No. 6 would intersect; thence Southerly along
said Northerly extension and said Easterly line to the Southeast comer of said Lot 1;
thence Westerly along the South line of said Lot 1 to the Southwest comer of said Lot
1; tl l ence Northerly along the Easterly right-of-way line of Hurst Drive and a
Northerly extension of said Easterly right-of-
way line to the centerline of West San Maman Drive; thence Westerly along said
centerline of West San Maman Drive to the Point of Beginning.
And,
That part of the above described Amendment No. 1 area described as: Lot 1, Tract A,
and Tract B of Tower Park No. 4.
And,
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That part of the above described Amendment No. 1 area described as: Lot A and Lot
3 except the East 21.99 feet of Lot 3 of Country Club Business Center Addition, and
Lot 2 of Country Club Business Center Second Addition, and Lot 3 of Country Club
Business Center Third Addition.
And,
That part of the Southeast% of the Northeast% of Section 10, T88 R13, lying
Southerly of the centerline of US Highway 20, except the North 422 feet of the South
678.5 feet of the East 218.4 feet of said Southeast '/4 of the Northeast %, and except
Parcel A, being part of the Northeast '/4 of Section 10, T88R13, pursuant to survey
filed May 24, 2016 as Document No. 2016-019901, and except Tract B of said
Southeast% of the Northeast1/4, recorded as Land Deed 539, Page 330 in the Black
Hawk County Recorder's Office.
Except the following area removed from the Amendment No. 4 area by Amendment
No. 7 (2024): Lot 8 of San Maman Business Park First Addition.
And except the following area removed from the Amendment No. 4 area by
Amendment No. 9 (2025): Lot 9 of San Maman Business Park First Addition.
(e) Amendment No. 5 Area (2019) (Amendment No. 5 Subarea)
Beginning at the intersection of the centerlines of West San Maman Dlive and
Johnathan Street, thence Northerly along an extension of the centerline of Johnathan
Street to the Northerly right-of-way line of West San Maman Drive as presently
established, thence Easterly along the present Northerly right-of-way line of West
San Maman Drive to the centerline of Pheasant Lane, thence Northerly along the
centerline of Pheasant Lane to the centerline of Brookeridge Drive, thence Easterly
along the centerline of Brookeridge Drive to the centerline of Kimball Avenue,
thence Southerly along the centerline of Kimball Avenue to its intersection with the
Easterly extension of the North line of Lot 5 of Tower Park, thence Westerly along
the Easterly extension of the North line of Lot 5 and the North line of Lot 5 of Tower
Park to the Northwesterly comer of said Lot 5, thence Southwesterly along the
Northwesterly line of said
Lot 5 to the Southwesterly corner of Said Lot 5, thence Northwesterly, Westerly and
Northerly along the Southerly and Westerly lines of Lot 4 of Tower Park to the
Northwest corner of said Lot 4, thence Westerly to the Northeast corner of Lot 3 of
Tower Park, thence NOO°24'22"W
6.98 feet along an extension of the East line of said Lot 3, thence N89°38'05"W
401.08 feet, thence NOO°56'12"E 17.02 feet, thence N89°03'48"W 258.97 feet, thence
SOO°26'14"W 20 feet to the Northwest corner of Lot 2 of Tower Park, thence due
West to the centerline of Johnathan Street, thence Northerly along the centerline of
Johnathan Street to its intersection with the centerline of West San Maman Drive and
the Point of Beginning.
And,
Lot 1 of Anderson's Eighth Addition.
(f) Amendment No. 6 Area (Amendment No. 6 Subarea)
Beginning at the Southwest corner of the Southeast% of the Southeast% of Section
10, T88N R13W; thence North 33 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 to the West line of the Southwest% of the Southeast%
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(g)
of Section 11, T88N R13W; thence Northerly along said West line to the North line
of said Southwest1/4 of the Southeast'/4; thence Easterly along said North line of said
Southwest 1/4 of the Southeast 1/4, and the North line of the Southeast 1/4 of the
Southeast 1/4 of said Section 11, and an Easterly extension of the North line of said
Southeast1/4 of the Southeast 1/4 to the Easterly right-of-way line of Hess Road as
presently established in Section 12, T88N R13W; thence Southerly along said
Easterly right-of-way line of Hess Road to the Northerly right-of-way line of East
Shaulis Road as presently established; thence Westerly along said Northerly right-of-
way line of East Shaulis Road to the East line of Section 11, T88N R13W; thence
Southerly along the East line of said Section 11 and the East line of Section 14, T88N
R13W to the Southerly right-of-way line of East Shaulis Road as presently
established; thence Westerly along said Southerly right-of-way line of East Shaulis
Road to the West line of the Northeast1/4 of the Northeast1/4 of Section 15, T88N
R13W; thence Northerly along said West line to the Northwest comer of the
Northeast1/4 of the Northeast1/4 of said Section 15, said point also being the Southwest
comer of the Southeast1/4 of the Southeast1/4 of Section 10, T88N R13W, and the
Point of Beginning.
And,
Beginning at the Southwest corner of Section 12, T88N R1 3W; 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 East line of said Section
12; thence Southerly along the East line of said
Section 12 and the East line of Section 13, T88N RI 3W to a point on the East line of
said Section 13 that is 600 feet South of the Northeast comer of said Section 13;
thence due West to the Southwesterly right-of-way line of East Shaulis Road as
presently established; thence Northwesterly along said Southwesterly right-of-way
line of East Shaulis Road to the West line of the Northeast 1/4 of the Northeast 1/4 of
said Section 13; thence Southerly along said West line and the West line of the
Southeast1/4 of the Northeast1/4 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
Northwest1/4 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 comer of said Section 13,
said point also being the Southwest comer of Section 12, T88N R13W, and the Point
of Beginning.
Amendment No. 8 Area (2024) (Amendment No. 8 Subarea)
Lot 8 of San Maman Business Park First Addition.
And,
That part of the Northeast Quarter of Section 9, Township 88 North, Range 13 West
of the 5th P.M., Black Hawk County, Iowa, lying Westerly of Johnathan Street and
lying Northerly of Tower Park Drive and lying Southerly of Parcel "G" of Plat of
Survey Do. #2005-7650.
(h) Amendment No. 9 Area (2025) (Removal Area)
Lot 9 of San Maman Business Park First Addition.
(i) Amended Project Area shall mean those portions of the City of Waterloo
included within:
- The Original Project Area (legally described in paragraph 1(a) above);
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- The Amendment No. 1 Area (legally described in paragraph 1(b) above)
The Amendment No. 2 Area (legally described in paragraph 1(c) above)
The Amendment No. 4 Area (legally described in paragraph 1(d) above);
- The Amendment No. 5 Area (legally described in paragraph 1(e) above);
- The Amendment No. 6 Area (legally described in paragraph 1(f) above); and
- The Amendment No. 8 Area (legally described in paragraph 1(f) above)
except as modified to remove therefrom the following:
- The property described and set forth in the Amendment No. 9 Area (2025)
(Removal Area)
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 Original Project Area (which is unaffected by any later Removal Areas), 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 upon the total sum of the assessed
value of the taxable property in the Original Project Area as shown on the assessment roll as of January 1,
1998, being the first day of the calendar year preceding the effective date of Ordinance No. 4351, 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. 1 Area that remains after removal therefrom of those parcels situated
within the Amendment No. 3 Removal Area, Amendment No. 5 Removal Area, and the Amendment No.
7 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, 2003, being the assessment roll applicable to property in
such area as of January 1 of the calendar year preceding the effective date of Ordinance No. 4748.
As to the Amendment No. 2 Area (which is unaffected by any later Removal Areas), base period
taxes shall be computed in the same manner using the total assessed value shown on the assessment roll
as of January 1, 2008, being the assessment roll applicable to property in such area as of January 1 of the
calendar year preceding the effective date of Ordinance No. 4956.
As to the Amendment No. 4 Area that remains after removal therefrom of those parcels situated
within the Amendment No. 5 Removal Area, the Amendment No. 7 Removal Area, and the Amendment
No. 9 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 Ordinance No. 5432.
As to the Amendment No. 5 Expansion Area (which is unaffected by any later Removal Areas),
base period taxes shall be computed in the same manner using the total assessed value shown on the
assessment roll as of January 1, 2018, being the assessment roll applicable to property in such area as of
January 1 of the calendar year preceding the effective date of Ordinance No. 5507A.
As to the Amendment No. 6 Area (which is unaffected by any later Removal Areas), base period
taxes shall be computed in the same manner using the total assessed value shown on the assessment roll
as of January 1, 2019, being the assessment roll applicable to property in such area as of January 1 of the
calendar year preceding the effective date of Ordinance No. 5564.
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As to the Amendment No. 8 Area that remains after removal therefrom of those parcels situated
within the Amendment No. 9 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, 2023, being the assessment
roll applicable to property in such area as of January 1 of the calendar year preceding the effective date of
Ordinance No. 5778.
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 fmance 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.
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 following:
The Amendment No. 1 Area (legally described in paragraph 1(b) above)
The Amendment No. 2 Area (legally described in paragraph 1(c) above)
The Amendment No. 4 Area (legally described in paragraph 1(d) above);
The Amendment No. 5 Area (legally described in paragraph 1(e) above);
The Amendment No. 6 Area (legally described in paragraph 1(f) above); and
The Amendment No. 8 Area (legally described in paragraph 1(f) above), except as
amended by Amendment No. 9 which sets forth the legal description of property removed
therefrom (said legal description contained in paragraph 1(g) above).
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: November 3, 2025
PASSED 1st CONSIDERATION: November 3, 2025
PASSED 2nd CONSIDERATION: November 3, 2025
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Ordinance No. 5809
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PASSED 3rd CONSIDERATION: November 3, 2025
PASSED AND ADOPTED this 3rd day of November 2025.
DD0�ocuSignedE25D70AAE8- by:
[riw A-avv
...
Quentin Hart,Mayor
ATTEST:
Signed by:
Kelly elctfe4At ity 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. 5809, as passed and adopted by the Council of the City of Waterloo,
Iowa, on the 3rd day of November, 2025.
Witness my hand and seal of office this 3rd day of November, 2025.
Signed by:
Kith" FLU&
Kelley Fele�ile 4City Clerk