Resolutions-2017-024

DocuSign Envelope ID: 2AEC96E5- F2B6- 419F- A26B- 58E09720989A Tiffin/ 436989- 16/ Hold Hrg& App UR Area New/ TIF Ord 1 Cons RESOLUTION NO. 2017- 024 A Resolution to Declare Necessity and Establish an Urban Renewal Area, Pursuant to Section 403. 4 of the Code of Iowa and to Approve Urban Renewal Plan and Projects for the 2017 Park Place Commercial Urban Renewal Area WHEREAS, as a preliminary step to exercising the authority conferred upon Iowa cities by 403 of the Code of Iowa, the " Urban Renewal Law," a municipality Chapter 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, it has been proposed by the City Council of the City of Tiffin, Iowa, ( the City") that the 2017 Park Place Commercial Urban Renewal Area ( the " Urban Renewal Area") be established on the property ( the " Property") described on Exhibit A to this Resolution; and WHEREAS, the proposal demonstrates that sufficient need exists to warrant finding the Urban Renewal Area to be an economic development area; and WHEREAS, a proposed urban renewal plan ( the " Plan") has been prepared for the governance of projects and initiatives to be undertaken in the Urban Renewal Area and which authorizes certain initial urban renewal projects to be undertaken in the Urban Renewal Area consisting of providing tax increment financing support to a private developer in connection with the development of commercial real estate and the corresponding construction of improvements to Park Road, Oakdale Boulevard and Forevergreen Road necessary for such commercial development; and WHEREAS, notice of a public hearing by the City Council on the question of establishing the Property as an urban renewal area and on the Plan and project for the Urban Renewal Area was heretofore given in strict compliance with the provisions of Chapter 403 of the Code of Iowa, and the City Council has conducted said hearing on May 2, 2017; and WHEREAS, the Plan was submitted to and commented on by the Planning and Zoning Commission of the City; and WHEREAS, pursuant to Section 403. 17 of the Code of Iowa, the City has received the executed consent agreement of the owner of " agricultural land" proposed for inclusion in the Urban Renewal Area; and WHEREAS, copies of the Plan, notice of public hearing and notice of a consultation meeting with respect to the urban renewal plan were mailed to Johnson County and the Clear 17th Creek Amana Community School District; the consultation meeting was held on the day of April, and responses to any comments or recommendations received following the 2017; consultation meeting were made as required by law; NOW, THEREFORE, It Is Resolved by the City Council of the City of Tiffin, Iowa, as follows: 3- DORSEY& WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA