Resolutions-2023-001

39/ 436989- Tiffin/ HRA Amend EXHIBIT A PLAN AMENDMENT By virtue of this amendment, the Urban Revitalization Plan ( the " Plan") 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. 4- DORSEY & WHITNEY LLP, ATTORNEYS, CARROLL, IOWA