An Ordinance providing that general property taxes levied and collected each year on all…
Recorded in the minutes as “Ord 2248. An Ordinance providing that general property taxes levied and collected each year on all property located within the 2026 Corporate Woods Business Park Urban Renewal…”. Passed 5–0; Yes: Perry, Hollinrake, Davis, Graber, Shafer.
What this means (Tax increment financing (TIF)): Within an urban renewal area, the extra property tax from rising values can be set aside for a period of years to pay for projects or incentives in that area, instead of going to the usual taxing bodies.
How each member voted
| Official | Vote |
|---|---|
| Todd Shafer | Yes |
| Matt Davis | Yes |
| Dustin Graber | Yes |
| Justin Hollinrake | Yes |
| Jeff Perry | Yes |
More from the record
Recorded in the minutes as: “38. Ord 2248. An Ordinance providing that general property taxes levied and collected each year on all property located within the 2026 Corporate Woods Business Park Urban Renewal Area I, in City of Ankeny, County of Polk, State of Iowa, by and for the benefit of the State of Iowa, City of Ankeny, … Motion: to accept second consideration of ORDINANCE 2248”. The minutes add: “ounty of Polk, Saydel Community School District, and other taxing districts, be paid to a special fund for payment of principal and interest on loans, monies advanced to and indebtedness, including bonds issued or to be issued, incurred by the city in connection with the 2026 Corporate Woods Business Park Urban Renewal Area I. (The 2026 Corporate Woods Business Park Urban Renewal Plan I).”
Motion as recorded: “to accept second consideration of ORDINANCE 2248”.
Source Full minutes for the whole Mar 2, 2026 meeting, p. 8 (saved copy) · Agenda packet · All votes at this meeting