Resolutions-2016-062 (2)

DocuSign Envelope ID: OD89B43E- 057F- 46BD- B103- CAA8BE197B88 Tiffin/ 436989- 16/ UR 14rg Add to Area RESOLUTION NO. 2016- 062 Resolution to Declare Necessity and Establish an Urban Renewal Area, Pursuant to Section 403. 4 of the Code of Iowa and Approve Urban Renewal Plan Amendment for the Tiffin Urban Renewal Area WHEREAS, as a preliminary step to exercising the authority conferred upon Iowa cities by Chapter 403 of the Code of Iowa ( the " Urban Renewal Law"), a municipality must adopt a resolution finding that one or more slums, blighted or economic development areas exist in the municipality and that the development of such area or areas is necessary in the interest of the public health, safety or welfare of the residents of the municipality; and WHEREAS, this City Council of the City of Tiffin, Iowa ( the " City") by resolution previously established the Tiffin Urban Renewal Area ( the " Urban Renewal Area") and adopted an urban renewal plan ( the" Plan") for the governance of projects and initiatives therein; and WHEREAS, a proposal has been made which shows the desirability of expanding the Urban Area to add and include all the property ( the " Property") lying within the Renewal description set out in Exhibit A hereto; and WHEREAS, the proposal demonstrates that sufficient need exists to warrant finding the Property to be an economic development area; and WHEREAS, an amendment ( the " Amendment") to the Plan has been prepared which ( 1) covers the addition of the Property to the Urban Renewal Area; and ( 2) authorizes the undertaking of a new urban renewal project in the Urban Renewal Area consisting of using tax increment financing to pay preliminary infrastructure engineering and land use planning costs associated with the Park Place development project, which is anticipated to include the extension of Forevergreen Road and Oakdale Boulevard and the realignment of Park Road; and WHEREAS, notice of a public hearing by the City Council of the City on the question of amending the plan for the Urban Renewal Area and designating an expanded Urban Renewal Area, pursuant to Chapter 403, Code of Iowa, and the Council has conducted said hearing on October 18, 2016; and WHEREAS, the Planning and Zoning Commission of the City has reviewed and commented on the proposed Amendment; and WHEREAS, copies of the Amendment, notice of public hearing and notice of a consultation meeting with respect to the Amendment were mailed to Johnson County and the 3rd Clear Creek Amana Community School District; the consultation meeting was held on the day of October, 2016; and responses to any comments or recommendations received following the consultation meeting were made as required by law; and WHEREAS, pursuant to Section 403. 17 of the Code of Iowa, the City has received the executed consent agreements of all owners of" agricultural land" proposed for inclusion in the Urban Renewal Area; 3- DORSEY& WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA