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HomeMy WebLinkAbout2017-06-19-J01zDD Tax Transitioning - I-80 Business Park AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: June 19, 2017 AGENDA ITEM: Consideration of approval of a resolution approving tax transitioning concerning voluntary annexation of property – Interstate 80 Business Park FORMAT: Resolution SYNOPSIS INCLUDING PRO & CON: On June 5th, the City Council held a public hearing and took action on an approximately 76 acre annexation located south of Interstate 80 and west of R-22. The voluntary petitions signed by the affected property owners included a provision for a 10 year tax transitioning process as is identified within the State Code. The provision for tax transitioning is consistent with previous annexations that have been completed within the City of Waukee. The resolution approving the annexation failed to include the provisions for tax transitioning. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: The proposed resolution acknowledges the approval of the annexation and allows for the provision of the tax transition as identified within the individual voluntary petitions for annexation. RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Proposed Resolution PREPARED BY: Brad Deets, Development Services Director REVIEWED BY: THE CITY OF WAUKEE, IOWA RESOLUTION 17-_____ RESOLUTION APPROVING THE TAX TRANSITIONING CONCERNING THE VOLUNTARY ANNEXATION OF PROPERTY – INTERSTATE 80 BUSINESS PARK WHEREAS, the City of Waukee, State of Iowa, is a duly organized municipal corporation, and; WHEREAS, the City of Waukee, Iowa has received an Application for Voluntary Annexation from several property owners located south of the current City Limits, located in Dallas County, Iowa, and shown on the map identified as Exhibit “A” attached hereto and made a part hereof and legally described as follows: LEGAL DESCRIPTIONS See Exhibit “B” attached hereto and made a part hereof. WHEREAS, such property collectively adjoins the City as required by Chapter 368, Code of Iowa, 2017, and; WHEREAS, all required notification has been carried out pursuant to Chapter 368, code of Iowa, 2017, and; WHEREAS, a public hearing was held concerning said applications and the annexation on June 5, 2017 as required by law, and; WHEREAS, on June 5, 2017, following public hearing, the City determined it is in the best interests of the City and public that said property be annexed to the City of Waukee and approved the same however the resolution (17-258) inadvertently omitted the authorization of tax transitioning and the City Council deems it appropriate to amend and supplemental resolution (17-258) to approve tax transitioning for the property being annexed as specifically provided herein.. BE IT THEREFORE RESOLVED, by the City Council of the City of Waukee amends and supplements Resolution 17-258 as follows: SECTION 1. The Application for Voluntary Annexation is hereby approved and said property described in Exhibit “B” shall be annexed to the City of Waukee Iowa, in accordance with Chapter 368, code of Iowa, 2017, and such property shall hereinafter become and be part of the City of Waukee, Iowa. SECTION 2. Tax transitioning of City taxes is hereby approved for property within the annexation area, as authorized by Iowa Law, in the following percentages: (a) In the first and second year following annexation of the Subject Property, the Subject Property is taxed by City - 75% tax transitioning (b) Third and Fourth year – 60% tax transitioning (c) Fifth and Sixth year – 45% tax transitioning, (d) Seventh and Eighth year - 30% tax transitioning (e) Ninth and Tenth year – 15% tax transitioning. Tax transitioning shall only be authorized for each specific property annexed hereunder until such property is rezoned from A-1 zoning to another City zoning classification. SECTION 3. The Mayor and the City Clerk are hereby authorized and directed to prepare and execute all documents necessary for this annexation and are directed to file the same as required by the Code of Iowa. Passed and adopted by the City Council on the 19th day of June 2017. ____________________________ William F. Peard, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk ROLL CALL VOTE AYE NAY ABSENT ABSTAIN Anna Bergman R. Charles Bottenberg Brian Harrison Shelly Hughes Larry R. Lyon