ORDINANCE NO.2024-8-14 An Ordinance Deleting Property From the Tax Increment Financing District for the 410 Walker Urban Renewal Area of the City of Woodbine, Iowa, Pursuant to Section 403.19 of the Code of Iowa WHEREAS, the City Council of the City of Woodbine, Iowa (the “City”) previously enacted an ordinance providing for the division of taxes levied on taxable property in the 410 Walker Urban Renewal Area pursuant to Section 403.19 of the Code of Iowa; and WHEREAS, pursuant to that ordinance, a portion of the 410 Walker Urban Renewal Area in the City was designated a “tax increment district”; and WHEREAS, the City Council now desires to decrease the size of the “tax increment district” by deleting certain property; BE IT ENACTED by the City Council of the City of Woodbine, Iowa: Section 1. Purpose. The purpose of this ordinance is to delete certain property from the tax increment financing district for the 410 Walker Urban Renewal Area. Section 2. Definitions. For use within this ordinance the following terms shall have the following meanings: “Deleted Property” shall mean certain real property situated in the City and legally described as follows: Lots 22, 23, and 24 of Block 38, in the Town of Woodbine, Harrison County, Iowa. Section 3. The Deleted Property is hereby removed from the tax increment financing district for the 410 Walker Urban Renewal Area. No division of property tax revenues as provided under Section 403.19 of the Code of Iowa shall be done with respect to the Deleted Property without further action by the City Council. Section 4. Repealer. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 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. Section 6. Effective Date. This ordinance shall be effective after its final passage, approval and publication as provided by law. Passed and approved by the City Council of the City of Woodbine, Iowa, on August 14, 2024. Ss: Rob Cogdill, Mayor ATTEST: Ss: Toni Hanson Waite, City Clerk MVTN 8-28-24
