Resolutions and Actions: Member Eller to approve Resolution No. 2026-10 a Resolution to…
Recorded in the minutes as “Resolutions and Actions: Member Eller to approve Resolution No. 2026-10 a Resolution to Approve Urban Renewal Plan Amendment for the Winterset Urban Renewal Area”. Carried unanimously (roll call); names not recorded. Amount in the record: $16.
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: “Resolutions and Actions: Member Eller to approve Resolution No. 2026-10 a Resolution to Approve Urban Renewal Plan Amendment for the Winterset Urban Renewal Area seconded by Council Member Cook. At which time Administrator Barden reminded council of previous URA amendments to add the city property to the URA. This action would amend the Urban Renewal Area Plan for previously explained area and grant the authority to utilize Tax Increment Funds under Chapter 403 of the Iowa Code for incurrence of debt obligation and reimbursement. Further discussion related to the city council committing $16M of TIF funds to the project and charged the fundraising committee to produce the $4M balance or reduce the project costs. There being no further discussion;”.
Motion as recorded: “Resolutions and Actions: Member Eller to approve Resolution No. 2026-10 a Resolution to Approve Urban Renewal Plan Amendment for the Winterset Urban Renewal Area seconded by Council Member Cook. At which time Administrator Barden reminded council of previous URA amendments to add the city property to the URA. This action would amend the Urban Renewal Area Plan for previously explained area and grant the authority to utilize Tax Increment Funds under Chapter 403 of the Iowa Code for incurrence of debt obligation and reimbursement. Further discussion related to the city council committing $16M of TIF funds to the project and charged the fundraising committee to produce the $4M balance or reduce the project costs. There being no further discussion;”.
Source Full minutes for the whole Mar 2, 2026 meeting (saved copy) · All votes at this meeting