Ordinance amending Chapter 3.20 entitled "Teton Urban Renewal Tax Increment District" to…
Recorded in the minutes as “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…”. 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: “22. 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 with said … Motion: to pass second consideration”. The minutes add: “hapter 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 special fund …”
Motion as recorded: “to pass second consideration”.
Source Full minutes for the whole Apr 27, 2026 meeting, p. 5 (saved copy) · All votes at this meeting