| | | | | | | | Council Communication
Department: Legal
Case/Project No.:
Submitted by: Richard Wade | Resolution 20-169
ITEM 8.A. | Council Action: 7/13/2020 |
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| | | | | | | | Description
Resolution authorizing the Mayor to execute the Petition for Voluntary Annexation and Annexation Agreement with Armstrong Investments LLC as well as the Joint City/County Agreement pertaining to property located at 13667 192nd Street, legally described as LEWIS TWP 17-74-43 SE NW EXC COMM SW COR TH N447.42’ E900.84’ S447.42’ W900.84’ TO POB |
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| | | | | | | | Background/Discussion
The City had previously agreed to an Annexation Agreement with Armstrong investments LLC for parcel # 7443 17 176 006 which is located at 13667 192nd Street, Council Bluffs, Iowa which lies just outside the Council Bluffs city limits. Pursuant to state law the development of this parcel is subject to the approval of the City. This revised agreement allows the City to annex this parcel any time after it is executed but provides for a partial reduction in taxes if it occurs prior to 1/1/2026. This is permitted by Chapter 368 of the Iowa Code. Along with this Agreement, there is a Voluntary Petition for Annexation of this parcel and a Joint City/County agreement which allows the County to create an urban renewal area and TIF District which will allow the County to capture up to $900,000 from the increased tax revenue generated by the improvements to this parcel which will be matched with Rise grant funds and utilized to hard surface the county road servicing this parcel. |
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| | | | | | | | Recommendation
It is recommended that the City Council approve this Resolution authorizing the Mayor to execute these documents and to take whatever other action needed by the City to cause this development to move forward. |
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