HomeMy WebLinkAbout2004-06-07-Resolutions 04-122_Riekes Material Handling - Development Agr - Set PHRESOLUTION NO.04-122 I·To fix a date of meeting at which it is proposed to approve a Development
Agreement with Riekes Material Handling,including tax increment
payments in an amount not to exceed $100,000
WHEREAS,the City of Waukee,Iowa (the "City"),pursuant to and in strict
compliance with all laws applicable to the City,and in particular the provisions of
Chapter 403 of the Code ofIowa,has adopted an Urban Renewal Plan for the Waukee
Urban Renewal Area (the "Urban Renewal Area");and
WHEREAS,this Council has adopted an ordinance providing for the division of
taxes levied on taxable property in the Urban Renewal Area pursuant to Section 403.19
of the Code of Iowa and establishing the fund referred to in Subsection 2 of
Section 403.19 of the Code of Iowa,which fund and the portion of taxes referred to in
that subsection may be irrevocably pledged by the City for the payment of the principal
and interest on indebtedness incurred under the authority of Section 403.9 of the Code of
Iowa to finance or refinance in whole or in part projects in the Urban Renewal Area;and
WHEREAS,the City proposes to enter into an agreement (the "Development
Agreement")with Riekes Material Handling,(the "Company")with respect to the
construction of a warehouse and office facility;and
WHEREAS,the Development Agreement would provide property tax incentives
to the Company in the form of incremental property tax payments in an amount not to
exceed $100,000 under the authority of Section 403.9(1)ofthe Code ofIowa;and 1
WHEREAS,it is necessary to set a date for a public hearing on the Development
Agreement,pursuant to Section 403.9 of the Code ofIowa;
NOW THEREFORE,IT IS RESOLVED by the City Council of the City of
Waukee,Iowa,as follows:
Section 1.This Council shall meet on the 21st day of June,2004,at 7:00
o'clock p.m.,at the Waukee City Hall,in the City,at which time and place proceedings
will be instituted and action taken to approve the Development Agreement and to
authorize the incremental property tax payments in a total amount not exceeding
$100,000.
Section 2.The City Clerk is hereby directed to give notice of the proposed
action,the time when and place where said meeting will be held,by publication at least
once not less than four days and not more than twenty days before said meeting in a legal
newspaper of general circulation in the City.Said notice shall be in substantially the
following form:
NOTICE OF MEETING FOR APPROVAL OF DEVELOPMENT AGREEMENT
WITH RIEKES MATERIAL HANDLING AND AUTHORIZATION OF TAX
INCREMENT PAYMENTS
The City Council ofthe City of Waukee,Iowa,will meet at the Waukee City Hall,
on the 21st day of June,2004,at 7:00 o'clock p.m.,at which time and place proceedings
will be instituted and action taken to approve a Development Agreement between the
City and Riekes Material Handling with respect to the construction of a warehouse and
office facility,which provides for certain property tax incentives in the form of property
tax payments in a total amount not exceeding $100,000,as authorized by Section 403.9
of the Code ofIowa.
The Agreement to make incremental property tax payments will not be a general
obligation of the City,but will be payable solely and only from incremental property tax
revenues generated within the Waukee Urban Renewal Area.
At the meeting,the Council will receive oral or written objections from any
resident or property owner of the City.Thereafter,the Council may,at the meeting or at
an adjournment thereof,take additional action to approve the Development Agreement or
may abandon the proposal.
This notice is given by order of the City Council of Waukee,Iowa,in accordance
with Section 403.9 of the Code ofIowa.
Mark Arentsen
City Clerk
Passed and approved this 7'h day of June 2004.J~Q~)
Attest:
ROLL CALL VOTE
Nicholas C.Gruber
Donald L.Bailey,Jr.
Bill Peard
JeffV.Mertz
Darlene Stanton
AYE
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NAY ABSENT
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