Ordinances-2020-474 - Urban Renewal Area - 2020 Addition

ifIS 40989 27 WR (" i ( S' C',lI F. J rb au n I Anorl"' shall 111call the entinxty Ch the "I'Min Ur"ban Pruvisimis OF" fin- I" Imes 1xvied on t]"- i,,.:.,,,, 202(") Rer the efil setive a tC AS Invied on thee ir',i 1,Fice 20 r N" C38r, 1- u fix. tile heriefit ut",fl[- iie of hwal the ( ily, . . . ... . County and airily district ( or, taxing dinkriet in whieh,,the 2020 1 Addition it; hiciated, shal a,is t I. p t. t i C) n 11 ion t ax C, S 101 1 i Ch V% 0 U I C1 1) CT 1) ro Cl U C C1( 'b,,,,t] / i, to r a t c:at', ,w' I i i , t 1' l t i",, X', j, year""; ic, t, of" the taxing distriCtS Upon the toud SUM Of"d-10 IIS S Ce s ei,,- I 111v-alul& of' in thi(, 2() 20 as shown on thee asse, 1;11, 1" I"i,,, 1" 1' t is ril iiiIr 1. of" the 1111tandal- % YU11- I) ITCAT11; thil VIA Calendar year in whieh the Cil yi' to the 1Ccnvr', it' v AiLlditOr' WC EIMOUrIt Of" r i v r i, c'.s b 1, i s 1) I ( I S i ""' i" I I i"' l, nt, id, I to in pusigraph Q) below,Fia;; l ' be ti ZjrjCjw. be inm tile: Wrld At- thc,,taxir' ig disti-ict as taxes id taxing distrim AM)ic a l , 1property For the i., i r c .hst r , i c t 1' purlmse ( if'Wheating t,,,:,.' xies byu, ( C) l- Lf` C)' did ry inelude the Suitor), the 20M) Urban Re." l M,d Ar-c,,,,,,,,,,,,,,,, date i u , rl'c to, Nit wl-, ilnh the e ii,, wen or otherwist WCAUdi,",..',,, d af" annexed i, ei- the the kiss essment roll applic0b], le to rill',',', hy" irjA.. dl C C l, i r - i, t, m z L s () f JE" I I IL I E ir wl,1,( 1",11 it 2, c;ii I cr i c Jz ir Ei Ir prw w"(= C 1wMilIgt11 Ce ff C t i i v t I EI t C C! )f t 11 C ! c r a( ) x I iI1'1"I, ',i C 2020 UWan Area Addition W MCILICkthe all rc be Sed (- letcyrydning the onsess( ( I y'v I t i ri C) f, t 11 ty t a x a 1)1 to p r o p tort x.yi fl,-. L, 11"', i e n,e d a i,- e b)thal cdtj',-, ,',',', n TICT JANU W MCCASS C& SLIC11 unCHIMS sl. i all i,) e land when udlic""' C' iieid '1,,.-) e into a spuvid Wrid of" li iQ1 (',," to pay interest or,, hans, M011030; mWariccod to or f _ ' L_ 1,, J`71 Cl CiC,",(n Mherwise, borids, PRIVY of" the Codc, of"lumqVicur ed by the City to finvinee or notinvinus, in ATCAl) i or in jurt, I,Ssistancw Wr worne low rc and modermwin( as prodidleic"' I i,Iri sec± 01 403. 2 1 exicnept that Uam,,.', s IMCI i- he rid C( , 1101# 101- jUijY1' 1' 1Ct1t 1C`Iyli (' d(, q,SChoo I d i suri cot im po sed [) Urs usin t to 1;wind on 2 9 it.2 C)f th C, CA) d e () f" I uwa, tol : C13 01. t 171 c:i risti- 11( olional, Ing of" a. isdiod distric t i Ni;1) o is e ( r.l 11[)UI-, rN 19 o f t]1,C o d C m p o I ' t Iowa and taxes; ti ol S is c it:2 5 7" 0 a,1, 1), fin the of, Nxids and int yrceM e c,w, ol] ected axing ( listrict VVAIWUI. t r n a p1mvisions ol'this pruperty Withil ! t1le n cne. Unless and until the total valuation of" the taxvible prqper t',', the 2020 Udian 1h: ru1% AJZjj Area Additiori em; ecds the total assessed V 11LDL` Of'in SUCT virea as shmvri 1-) y onsesysi, ril& rit riskrinad tc), ir, t si,,,,ib se(, Ai1or1Q1) CWHAS Section, kill ( Athe 01MISS 1eiv, k.,,,,,,,( J ar'.i.d wdlechod upol'- 1 t' 1:, io 2()201 Nre,,,-i ('\, ddcn' i e j ajd, ), into the hinds Or the respluxtive taxing districts r r said I the 1i, 1011111""; if" acts ril tiaxing ( ol- 1,, ter property Inxes. When SUCTI ICUMS, 1011MASS1 a nd il' any, andinterest thereorn have been paid, oill money thereafter 11Y) CM th! i:, MUMM y,). ope, r, ty in the Urban Renevwd, Addition shill NO paid into the Wrids Or the respeake taxing districts in the mnu,,,, r"i as tan is on rill other property, IV II portion ut" in subseetion ( b) (), f' his '( snotioaV r" 11 Rind into whidi that pohionshal j." bit,,-,,,,, mid rylay be 1by dr. Im'- s molowsII!