City of Belle Plaine, Iowa

                                                       TITLE VII SPECIAL ORDINANCES

                                                                               CHAPTER 101

PROVIDING FOR THE DIVISION OF TAXES LEVIED ON TAXABLE PROPERTY IN THE 2006 ADDITON TO THE BELLE PLAINE URBAN RENEWAL AREA

Section 7-101-1           Purpose
Section 7-101-2           Definitions
Section 7-101-3           Provision for Division of Taxes Levied on Taxable Property in the
                                    Urban Renewable Area Amendment
Section 7-101-4           Repealer
Section 7-101-5           Saving Clause

SECTION 7-101-1    PURPOSE
The purpose of this ordinance is to provide for the division of taxes levied on the taxable property in the 2006 Addition to the Belle Plaine Urban Renewal Area of the City of Belle Plaine, Iowa, each year by and for the benefit of the state, city, county, school districts or other taxing districts after the effective date of this ordinance in order to create a special fund to pay the principal of and interest on loans, moneys advanced to or indebtedness, including bonds proposed to be issued by the City of Belle Plaine to finance projects in such area.

SECTION 7-101-2    DEFINITIONS
For use within this ordinance the following terms shall have the following meanings:

            “City” shall mean the City of Belle Plaine, Iowa.

            “County” shall mean Benton County, Iowa.

“Urban Renewal Area Amendment” shall mean the 2006 Addition to the Belle Plaine Urban Renewal Area of the City of Belle Plaine, Iowa, the boundaries of which are set out below:

Certain real property situated in the City of Belle Plaine, County of Benton, State of Iowa
bearing Benton County Property Tax Identification Numbers as follows:

(North side of 11^th Street; 7^th to 13^th Avenue West-East)
03038835        Ice House
03050325        Depot
03023950        Friedman
03036025        Iowa Metal
03050550        Gas
03047100        Garling
03050560        Garling
03023700        Garling
03049350        Garling

(South side of 12^th Street; 7^th to 8^th Avenue West – East)
03010050        Carquest
03044600        BPCDC Vacant Lot
03033850        Trish’s
03003900        Ma’s Kitchen
03047500        Chelsea Savings Bank (Laurie’s)
03009800        Annette’s
03020025        Straford Accounting
03003750        Between 721-723
03049400        City (D&M Small Engine)
03036000        Double XX Guitar
03030850        Aunt Jan’s Attic
03044625        BPCDC (Wishing Well)
03036225        BPCDC (Friendly)

(North side of 12^th Street; 7^th to 8^th Avenue West – East)
03024350        Grieder (Perfect Petals)
03027675        Sharkee’s
03047825        Genesis
03050025        Moore Bldg.
03033000        Theater
03015275        Drahos
03014550        Sievers
03025775        Oasis
03043500        Dale’s
03039250        Chiropractic

(South side  of 12^th Street; 8^th to 9^th Avenue West – East)
03044200        Norgaards
03045750        Grand Central
03043625        HairVana
03035050        Hansen
03025000        Emerson
03034375        Homerun
03039525        Catering Shop
03013500        Soda Shoppe
03032025        Burdick
03042525        DeRaads
03014000        The Office
03034750        True Value

(North side of 12^th Street; 8^th to 9^th Avenue West – East)
03014625        Barron
03014650        Dentist
03014600        Huber
03035250        Pharmacy
03035275        Pharmacy
03045250        Pharmacy
03022925        Classic
03022850        Classic
03012675        Bank
03028150        Masonic
03028125        Masonic
03014800        City
03031325        Holst

(South side of 12^th Street; 9^th to 10^th Avenue West – East)
03043550        Museum
03043560        Museum
03036900        Museum

(North side of 12^th Street; 9^th to 12^th Avenue West-East)
03032750        Library
03022825        Blanchard
03041525        Schlue
03039325        Roth
03028900        Legion
03034975        Town & Country
03036200        Town & Country

(South side of 13^th Street; 3^rd to 13^th Avenue West-East)
03009200        Grieder Motor
03039825        GCI
03012325        Chelsea Bank
03044275        County Foods
03024400        Grieder Standard
03008950        Grieder Standard
03041150        Iowa Hotel
03007550        Grieder Parking Lot
03001900        Lincoln Cafe
03051150        City Hall
03039875        Sankot
03011775        HACAP
03050525        Iowa Telecom
03012725        Coon Creek
03045050        Drahn
03030550        Kirkwood
03045600        Hair Hut
03038175        Casey’s
03033225        Weise
03041550        Shogren
03045950        Old Van Nevel
03050275        C & NW

(North side of 13^th Street; 2^nd to 13^th Avenue West-East)
03040650        New Life Fitness
03011235        Old Maid Rite
03011225        Brown
03017900        Spiv Ealy
03032550        Rethman
03017325        Bus Ealy
03008000        Bendorf
03037850        Preston Station
03033200        Bryant
03011275        Boots
03022650        Fire Station
03043225
03002550        Garling Shed
03048325        Shell Station
03024075        Pizza Hut
03007650        Zip Mart
03007500        B & B
03002450        B & B
03023630        B & B Parking Lot
03023625        Herring Hotel
03012700        Drive-Up Bank
03029125        Johnson Motor
03030775        Fintel
03017225        Fintel
03021750        Vacant Lot

(4^th Avenue)
03037825        Preston Residence

(5^th Avenue)
03043375        North of Boots

(6^th Avenue)   
03040575        North of Garling Bldg

(7^th Avenue)
03016925        Dvorak

(8^th Avenue West side; From 13^th Street south to 12^th Street)
03051150        Food Pantry
03048400        Wave Station
03044750        Storm Realty

(9^th Avenue south to 12^th Street)
03050100        Kirkwood
03031350        Kalina
03022100

            “Urban Renewal Area” shall mean the entirety of the Belle Plaine Urban Renewal Area as amended from time to time.

SECTION 7-101-3    PROVISIONS FOR DIVISION OF TAXES LEVIED ON TAXABLE PROPERTY IN THE URBAN RENEWAL AREA AMENDMENT.
After the effective date of this ordinance, the taxes levied on the taxable property in the Urban Renewal Area Amendment each year by and for the benefit of the State of Iowa, the City, the County and any school district or other taxing district in which the Urban Renewal Area Amendment is located, shall be divided as follows:

(a)       That portion of the taxes which would be produced by the rate at which the tax is levied each year by or for each of the taxing districts upon the total sum of the assessed value of the taxable property in the Urban Renewal Area Amendment, as shown on the assessment roll as of January 1 of the calendar year preceding the first calendar year in which the City certifies to the County Auditor the amount of loans, advances, indebtedness, or bonds payable from the special fund referred to in paragraph (b) below, shall be allocated to and when collected be paid into the fund for the respective taxing district as taxes by or for said taxing district into which all other property taxes are paid. For the purpose of allocating taxes levied by or for any taxing district which did not include the territory in the Urban Renewal Area Amendment on the effective date of this ordinance, but to which the territory has been annexed or otherwise included after the effective date, the assessment roll applicable to property in the annexed territory as of January 1 of the calendar year preceding the effective date of the ordinance which amends the plan for the Urban Renewal Area Amendment to include the annexed area, shall be used in determining the assessed valuation of the taxable property in the annexed area.

(b)    That portion of the taxes each year in excess of such amounts shall be allocated to and when collected be paid into a special fund of the City to pay the principal of and interest on loans, moneys advanced to or indebtedness, whether funded, refunded, assumed or otherwise, including bonds issued under the authority of Section 403.9 (1), of the Code of Iowa, incurred by the City to finance or refinance, in whole or in part, projects in the Urban Renewal Area, and to provide assistance for low and moderate-income family housing as provided in Section 403.22, except that taxes for the regular and voter-approved physical plant and equipment levy of a school district imposed pursuant to Section 298.2 of the Code of Iowa, and taxes for the payment of bonds and interest of each taxing district shall be collected against all taxable property within the taxing district without limitation by the provisions of this ordinance. Unless and until the total assessed valuation of the taxable property in the Urban Renewal Area Amendment exceeds the total assessed value of the taxable property in such area as shown by the assessment roll referred to in subsection (a) of this section, all of the taxes levied and collected upon the taxable property in the Urban Renewal Area Amendment shall be paid into the funds for the respective taxing districts as taxes by or for said taxing districts in the same manner as all other property taxes. When such loans, advances, indebtedness, and bonds, if any, and interest thereon, have been paid all money thereafter received from taxes upon the taxable property in the Urban Renewal Area Amendment shall be paid into the funds for the respective faxing districts in the same manner as taxes on all other property.

(c)    The portion of taxes mentioned in subsection (b) of this section and the special fund into which that portion shall be paid may be irrevocably pledged by the City for the payment of the principal and interest on loans, advances, bonds issued under the authority of Section 403.9 (1) of the Code of Iowa, or indebtedness incurred by the City to finance or refinance in whole or in part projects in the urban Renewal Area.

(d)    As used in this section, the word “taxes” includes, but is not limited to, all levies on an ad valorem basis upon land or real property.

SECTION 7-101-4    REPEALER.
All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed.

SECTION 7-101-5    SAVING CLAUSE.
If any section, provision, or part of this ordinance shall be adjudged invalid or unconstitutional, such adjudication shall not affect the validity of the ordinance as a whole or any section, provision or part thereof not adjudged invalid or unconstitutional.