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The original item was published from 1/2/2019 3:39:59 PM to 1/12/2019 12:00:02 AM.

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Posted on: January 2, 2019

[ARCHIVED] Public Hearing on the Urban Revitalization Plan

A public hearing will be held at the January 7, 2019 council meeting at 6:00 p.m. on an urban revitalization plan.

The Urban Revitalization Act, Chapter 404 of the Code of Iowa, is intended to encourage development, redevelopment and revitalization within a designated area of a city by authorizing property tax development incentives to the private sector. Qualified real estate within a designated area may be eligible to receive a total or partial exemption from property taxes on improvements for a specified number of years, with the goal of providing communities with a long-term increase or stabilization in the local tax base by encouraging new construction which might not otherwise occur.

Urban Revitalization Plan

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