Resolutions-2022-096

436989/ Tiffin/ Urban Revite Amend EXHIBIT A CONTENTS OF PLAN AMENDMENT By virtue of this amendment, the Urban Revitalization Plan ( the " P for the Villages Part I Urban Revitalization Area is hereby amended as follows: 1. Section F of the Plan is hereby amended to read as follows: F. ELIGIBLE IMPROVEMENTS AND EXEMPTIONS Residential Improvements ( Multifamily). The construction of new residential facilities and the rehabilitation of and additions to residential facilities if such residential facilities contain three or more separate dwelling units. Exemption: All qualified real estate assessed as residential property under Section 21, 441. subsection 14, paragraph " a",subparagraph ( 6)of the Code of Iowa is eligible to receive an exemption from taxation on 50% of the actual value added for a period of ten years. 5- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA