Ordinances-2005-271

upon the taxable property in the Urban Renewal Area shall be paid into the funds for the respective taxing district in the same manner as taxes on all other property. (c) the portion of taxes mentioned in subsection (b) of this section and the special fund into which that portion shall be paid may be irrevocably pledged by the City of the payment of the principal and interest on loans, advances, bonds issued under the authority of Section 403.9(1) of the Code of Iowa, or indebtedness incurred by the City to finance or refinance in whole or in part projects in the Urban Renewal Area. (d) as used in this section, the word "taxes" includes, but is not limited to, all levies on an ad valorem basis upon land or real property. Section 4. Repealer. All ordinances or parts of ordinances in conflict with the provision of this ordinance are hereby repealed. Section 5. Saving Clause. If any section, provision, or part of this ordinance shall be adjudged invalid or unconstitutional, such adjudication shall not affect the validity of the ordinance as a whole or any section, provision or part thereof not adjudged invalid or unconstitutional. Section 6. Effective Date. This ordinance shall be effective after its final passage, approval, and publication as provided by law. On the 13th of July, 2005 at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Dils introduced Ordinance No. 2005-271, and moved that it be given its first reading. The motion was seconded by Councilperson Hüedepohl. Ayes: Hüedepohl, Bartels, Gericke and Dils. Nays: None. Absent: Petersen Four members of the council being present and having voted "Aye". Mayor Glenn R. Potter declared the motion carried, and Ordinance No. 2005-271, was read the first time and discussed and placed on record. Thereupon, it was moved by Councilperson Gericke and seconded by Council person Dils that the laws and rules providing that ordinances be considered and voted on for passage at two council meeting prior to the meeting at which it is to be finally passed be suspended and dispensed with and that Ordinance No. 2005-271 be placed on its last reading. Ayes: Bartels, Hüedepohl, Dils and Gericke Nays: None. Absent; Petersen. Four members of the council being present and having voted "Aye". Mayor Glenn R. Potter declared the motion carried, and Ordinance No. 2005-271, was then placed on its last reading and was read the last time.