Hearing and Ordinance amending Chapter 3.20 entitled "Teton Urban Renewal Tax Increment…
Recorded in the minutes as “Hearing and Ordinance amending Chapter 3.20 entitled "Teton Urban Renewal Tax Increment District" to revise the legal description of property subject to the division of taxes…”. Carried unanimously; names not recorded.
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.
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Recorded in the minutes as: “17. Hearing and Ordinance amending Chapter 3.20 entitled "Teton Urban Renewal Tax Increment District" to revise the legal description of property subject to the division of taxes provided for in said chapter to include the Outer Banks Urban Renewal Sub-Area, and to make other conforming changes … Motion: to open the hearing and pass first consideration of the ordinance, citizen comments were not offered, and the hearing was closed”. The minutes add: “ith said chapter continuing to provide that general property taxes levied and collected each year on all property located within the Teton urban renewal tax increment district of the City of Sioux City, County of Woodbury, State of Iowa, by and for the benefit of the State of Iowa, City of Sioux City, County of Woodbury, Sioux City Community School District, and other taxing districts, be paid to a …”
Motion as recorded: “to open the hearing and pass first consideration of the ordinance, citizen comments were not offered, and the hearing was closed”.
Source Full minutes for the whole Apr 20, 2026 meeting, p. 5 (saved copy) · All votes at this meeting