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trial Park Phase 9;
thence along the West line of said Cedar
Falls Industrial Park Phase 9 South to the
Northwest corner of Cedar Falls Industrial Park Phase 13;
thence along the West line of said Cedar
Falls Industrial Park Phase 13 South to
the Northwest corner of Lot 4 in Cedar
Falls Technology Park Phase 1;thence
along the West line of said Lot 4 South to
the Northerly right of way line of Technology Parkway;
thence along said Northerly right of way
line Westerly to the West line of said Section 35;
thence along said West line North to the
Point of Beginning;
and also,
That part of Section 36, Township 89
North, Range 14 West of the 5th Principal Meridian and that part of Section 2,
Township 88 North, Range 14 West of
the 5th Principal Meridian, described as
follows:
Commencing at the Northeast corner of
said Section 36;
thence along the East line of said Section
36 South to the Northerly right of way line
of Viking Road, being the Point of Beginning;
thence along the East line of said Section
36 South to the Southeast corner of said
Section 36;
thence along the South line of said Section 36 West to the Northeast corner of
said Section 2;
thence along the East line of said Section
2 South to the Northerly right of way line
of U.S. Highway 20;
thence along said Northerly right of way
line Westerly to the Easterly right of way
line of Iowa Highway 58;
thence along said Easterly right of way
line Northerly to the Southerly right of
way line of Ridgeway Avenue;
thence Northerly to the Southwest corner of Parcel No. 1 as described in Land
Deed Book 563 Page 674 in the Office of
the Black Hawk County Recorder, point
being on the Southerly right of way line of
Ridgeway Avenue;
thence along the Westerly line of said
Parcel No. 1 Northerly to the Southeast
corner of Parcel No. 3 as described in in
Land Deed Book 559 Page 446 in the Office of the Black Hawk County Recorder;
thence along the Easterly line of said Parcel No. 3 Northerly to the Southeasterly
corner of Tract B as described in Land
Deed Book 558 Page 715 in the Office of
the Black Hawk County Recorder;
thence along the Easterly line of said Parcel B Northerly to the South line of Tract
A as described in said Land Deed Book
558 Page 715;
thence along said South line East to the
Southeast corner of said Tract A;
thence along the East line of said Tract A
North to the Southeast corner of a parcel
of land described in Land Deed Book 559
Page 532 in the Office of the Black Hawk
County Recorder;
thence along the Easterly line of said parcel of land described in Land Deed Book
559 Page 532 Northerly to the Southwest
corner of East Viking Plaza Addition;
thence along the Westerly line of said
East Viking Plaza Addition Northerly to
the Southwesterly corner of Tract B in
said East Viking Plaza Addition;
thence along the Southeasterly line of
said Tract B Northeasterly to the Northeasterly corner of said Tract B, being on
the Southerly right of way line of Viking
Road;
thence along said Southerly right of way
line Easterly to the Point of Beginning;
and also,
South of the present North right-of-way
line U.S. Highway 20, described as follows:
All that part of the Northwest fractional ¼
and the Northeast fractional ¼ of Section
3, Township 88 North, Range 14 West of
the 5th Principal Meridian lying South of
the present North Right-of-way line of
US Highway 20 and all that part of the
Northwest fractional ¼ and the Northeast
fractional ¼ of Section 2, Township 88
North, Range 14 West of the 5th Principal
Meridian lying south of the present North
Right-of-way line of US Highway 20, all in
the City of Cedar Falls, County of Black
Hawk, State of Iowa;
and also,
That part of Section Nos. 35 and 36, lying
in Township 89 North, Range 14 West of
the 5th Principal Meridian and that part of
Section No. 2 and 3, Township 88 North,
Range 14 West of the 5th Principal Meridian, described as follows:
Commencing at the Northwest corner of
said Section 35;
thence along the West line of said Section 35 South to the Northerly right of
way line of Technology Parkway, being
the Point of Beginning;
thence along said Northerly right of way
line Easterly to the Northerly extension of
the Westerly line of Lot 20 in Cedar Falls
Technology Park Phase 2;
thence along said extension Southwesterly to the Northwesterly corner of said
Lot 20;
thence along the Westerly line of said Lot
20 Southwesterly to the South line of said
Cedar Falls Technology Park Phase 2;
thence along the South line of said Cedar
Falls Technology Park Phase 2 East to
the Southeasterly corner of Lot 19 in said
Cedar Falls Technology Park Phase 2;
thence along the Easterly line of said Lot
19 Northwesterly to Southerly right of
way line of said Technology Parkway;
thence along said Southerly right of way
line Easterly to the Easterly right of way
line of Waterway Avenue;
thence along said Easterly right of way
line Southeasterly to the South line of
said Cedar Falls Technology Park Phase
2;
thence along said South line East to the
Northwest corner of Tract B in Ridgeway Park Addition, point also being the
Northwest right of way corner of Commerce Drive;
thence along the Northerly right of way
line of said Commerce Drive East to the
Northerly extension of the East line of
said Ridgeway Park Addition;
thence along said Northerly extension
South to the Northeast corner of said
Ridgeway Park Addition;
thence along the East line of said Ridgeway Park Addition South to the Northerly
right of way line of Ridgeway Avenue;
thence along said Northerly right of way
line Easterly to the Easterly right of way
line of Iowa Highway 58;
thence along said Easterly right of way
line Southerly to the Northerly right of
way line of U.S. Highway 20;
thence along said Northerly right of way
line Westerly to the West line of said Section 3;
thence along said West line North to the
Northwest corner of said Section 3;
thence along the North line of said Section 3 East to the Southwest corner of
said Section 35;
thence along the West line of said Section 35 to the Point of Beginning.
i) Amendment No. 5 to the Cedar Falls
Unified Highway 58 Corridor Urban Renewal Area means that portion of the City
of Cedar Falls, State of Iowa, described
in Amendment No. 5 to the Cedar Falls
Unified Highway 58 Corridor Urban Renewal Plan approved by Resolution No.
21,368 on the 17th day of December,
2018, which Amendment No. 5 Area includes the lots and parcels located within
the area legally described as follows:
Viking Road ROW (North side):
The South thirty-three (33) feet of Section
twenty-seven (27), Township eighty-nine
(89) North, Range fourteen (14) West,
except that part of Viking Road right of
way contained within the city limits of Cedar Falls lying in the Southeast Quarter
(SE1/4) of said Section twenty-seven (27);
And also,
S Union Road ROW (West side):
The East thirty-three (33) feet of the
North three-quarters (3/4) of Section
thirty-three (33), Township eighty-nine
(89) North, Range fourteen (14) West,
and the South thirty-three (33) feet of
the East thirty-three (33) feet of Section
twenty-eight (28), Township eighty-nine
(89) North, Range fourteen (14) West, except the South thirty-three (33) feet of the
East three hundred and twenty-eight and
ninety-two hundredths (328.92) feet;
And also,
The Northwest Quarter (NW1/4) of Section thirty-four (34), Township eighty-nine
(89) North, Range fourteen (14) West;
And also,
The Northwest Quarter (NW1/4) of the
Northeast Quarter (NE1/4) of Section
thirty-four (34), Township eighty-nine (89)
North, Range fourteen (14) West, except
West Viking Road Industrial Park Phases
1 & 2;
And also,
The North one-half (N1/2) of the Southwest Quarter (SW1/4) of Section thirtyfour (34), Township eighty-nine (89)
North, Range fourteen (14) West.
j) Amended Area means that portion of
the City of Cedar Falls, State of Iowa,
included within the Industrial Park Urban
Renewal Area, the Expanded Industrial
Park Urban Renewal Area Amendment
No. 1 (1995), the Industrial Park Urban
Renewal Area Amendment No. 2 (2003),
the Northern Cedar Falls Industrial Park
Urban Renewal Area (2009), the Amendment No. 1 to Cedar Falls Unified Highway 58 Corridor Urban Renewal Area,
and the Amendment No. 5 to Cedar Falls
Unified Highway 58 Corridor Urban Renewal Area, except the portions removed

by Amendment No. 4 to the Cedar Falls
Unified Highway 58 Corridor Urban Renewal Area, which Amended Area includes the lots and parcels located within
the area legally described in Subsections
(a)-(i).
Section 2. The taxes levied on the taxable
property in the Amended Area, legally
described in Section 1 hereof, by and for
the benefit of the State of Iowa, County of
Black Hawk, Iowa, Cedar Falls Community School District, Hudson Community
School District, Dike-New Hartford Community School District, and all other taxing districts from and after the effective
date of this Ordinance shall be divided
as hereinafter in this Ordinance provided.
Section 3. As to the Industrial Park Urban
Renewal Area, 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 taxing property in such Area upon the total sum of the
assessed value of the taxable property in
such Area as shown on the assessment
roll as of January 1, 1989, being January
1 of the calendar year preceding the effective date of Ordinance No. 1923, shall
be allocated to and when collected be
paid into the fund for the respective taxing district as taxes by or for the taxing
district into which all other property taxes
are paid. The taxes so determined shall
be referred herein as the "base period
taxes" for such area.
As to Expanded Industrial Park Urban
Renewal Area (1995) Amendment No. 1
Area, base period taxes shall be computed in the same manner using the total
assessed value shown on the assessment roll as of January 1, 1994, being the
first day of the calendar year preceding
the effective date of Ordinance No. 2122,
minus the total assessed value shown
on the assessment role as of January 1,
1994 for the taxable property removed
from the area by Amendment No. 4 to the
Cedar Falls Unified Highway 58 Corridor
Urban Renewal Area.
As to Cedar Falls Industrial Park Urban
Renewal Area (2003) Amendment No. 2
Area, base period taxes shall be computed in the same manner using the total
assessed value shown on the assessment roll as of January 1, 2002, being the
assessment roll applicable to property in
such area as of January 1 of the calendar
year preceding the effective date of Ordinance No. 2461.
As to the Northern Cedar Falls Industrial Park Urban Renewal Area (2009),
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
such Area, as shown on the assessment
roll as of January 1, 2009, such date being January 1 of the calendar year preceding the first calendar year in which
the City of Cedar Falls, State of Iowa,
certified to the Auditor of Black Hawk
County, Iowa the amount of loans, advances, indebtedness, or bonds payable
from the division of property tax revenue
for such Area.
As to Amendment No. 1 to the Cedar
Falls Unified Highway 58 Corridor Urban
Renewal Area, base period taxes shall be
computed using the total assessed value
shown on the assessment roll as of January 1, 2012, being the assessed value
applied to property in such area as of
January 1 of the calendar year preceding
the effective date of Ordinance No. 2785.
As to Amendment No. 5 to the Cedar
Falls Unified Highway 58 Corridor Urban
Renewal Area, base period taxes shall be
computed using the total assessed value
shown on the assessment roll as of January 1, 2018, being the assessed value applied to property in such area as of January 1 of the calendar year preceding the
effective date of this Ordinance.
Section 4. That portion of the taxes each
year in excess of the base period taxes
for the Amended Area, determined for
each sub-area thereof as provided in
Section 3 of this Ordinance, shall be allocated to and when collected be paid into
the special tax increment fund previously
established by the City of Cedar Falls,
State of Iowa, to pay the principal of and
interest on loans, monies advanced to, or
indebtedness, whether funded, refunded,
assumed or otherwise, including bonds
issued under authority of Section 403.9
or Section 403.12 of the Code of Iowa,
incurred by the City of Cedar Falls, State
of Iowa, to finance or refinance, in whole
or in part, urban renewal projects undertaken within the Amended Area pursuant
to the Urban Renewal Plan, as amended,
except that (i) taxes for the regular and
voter-approved physical plant and equipment levy of a school district imposed
pursuant to Iowa Code Section 298.2
and taxes for the instructional support
program of a school district imposed pursuant to Iowa Code Section 257.19 (but
in each case only to the extent required
under Iowa Code Section 403.19(2)); (ii)
taxes for the payment of bonds and interest of each taxing district; (iii) taxes
imposed under Iowa Code Section
346.27(22) related to joint county-city
buildings; and (iv) any other exceptions
under Iowa Code Section 403.19 shall
be collected against all taxable property
within the Amended Area without any
limitation as hereinabove provided.
Section 5. Unless or until the total assessed valuation of the taxable property in the areas of the Amended Area
exceeds the total assessed value of the
taxable property in the areas shown by
the assessment rolls referred to in Section 3 of this Ordinance, all of the taxes
levied and collected upon the taxable
property in the Amended Area shall be
paid into the funds for the respective taxing districts as taxes by or for the taxing
districts in the same manner as all other
property taxes.
Section 6. At such time as the loans,
monies advanced, bonds and interest
thereon and indebtedness of the City of
Cedar Falls, State of Iowa, referred to in
Section 4 hereof have been paid, all monies thereafter received from taxes upon
the taxable property in the Amended
Area shall be paid into the funds for the
respective taxing districts in the same
manner as taxes on all other property.
Section 7. All ordinances or parts of ordinances in conflict with the provisions of
this Ordinance are hereby repealed. The
provisions of this Ordinance are intended
and shall be construed so as to continue
the division of taxes from property within
the various subareas, under the provisions of Section 403.19 of the Code of
Iowa, as authorized in Ordinance No.
1923, 2122, 2461, 2696, 2785, and 2923
as amended by this Ordinance. Notwithstanding any provisions in any prior
Ordinances or other documents, the provisions of this Ordinance and all prior Ordinances relating to the Urban Renewal
Area, as amended, shall be construed
to continue the division of taxes from
property within the Amended Area to the
maximum period of time allowed by Section 403.19 of the Code of Iowa. In the
event that any provision of this Ordinance
shall be determined to be contrary to law
it shall not affect other provisions or application of this Ordinance which shall at
all times be construed to fully invoke the
provisions of Section 403.19 of the Code
of Iowa with reference to the Amended
Area and the territory contained therein.
Section 8. This Ordinance shall be in effect after its final passage, approval and
publication as provided by law.
INTRODUCED:
August 5, 2019
PASSED 1ST CONSIDERATION:
August 5, 2019
PASSED 2ND CONSIDERATION:
August 19, 2019
PASSED 3RD CONSIDERATION:
September 3, 2019
PASSED AND APPROVED this 3rd day of
September, 2019.
James P. Brown, Mayor
ATTEST: Jacqueline Danielsen, City
Clerk

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