ORDINANCE NO.1143 AN ORDINANCE AMENDING ORDINANCE 487, 733, 790, 847, 953, 997, AND 1103 AND PROVIDING THAT GENERAL PROPERTY TAXES SHALL NO LONGER BE DIVIDED ON CERTAIN PROPERTY LOCATED WITHIN THE BEAVER CREEK WEST ECONOMIC DEVELOPMENT URBAN RENEWAL AREA,

ORDINANCE NO.1143 AN ORDINANCE AMENDING ORDINANCE 487, 733, 790, 847, 953, 997, AND 1103 AND PROVIDING THAT GENERAL PROPERTY TAXES SHALL NO LONGER BE DIVIDED ON CERTAIN PROPERTY LOCATED WITHIN THE BEAVER CREEK WEST ECONOMIC DEVELOPMENT URBAN RENEWAL AREA, IN THE CITY OF JOHNSTON, COUNTY OF POLK, STATE OF IOWA (REMOVING "AMENDMENT NO. 1 AREA" FROM DIVISION OF TAXES) WHEREAS, the City Council of the City of Johnston, State of Iowa, has heretofore, in Ordinance Nos. 487, 733, 790, 847, 953, 997, and 1103, provided for the division of taxes within the Beaver Creek West Economic Development Urban Renewal Area ("Urban Renewal Area"), pursuant to Iowa Code Section 403.19; and WHEREAS, the City Council of the City of Johnston has determined that in order to fulfill the purposes, objectives, and projects for the Urban Renewal Area, and comply with the Urban Renewal Law, certain portions of the Urban Renewal Area should be removed from the division of tax revenues provided for under the foregoing ordinances and should cease being subject to the division of taxes under Iowa Code Section 403.19. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JOHNSTON, STATE OF IOWA: Section 1: That, as of June 30, 2026 (being the end of the fiscal year in which this Ordinance was made effective), the following portions of the Urban Renewal Area (referred to herein as the "Amendment No. 1 Area") shall be removed from the application of Ordinance Nos. 487, 733, 790, 847, 953, 997, and 1103, and shall no longer be subject to the division of taxes under Iowa Code Section 403.19 as described in said Ordinances: Lots 3 through 8, Glendale Oaks Plat 1, an official subdivision in Johnston, Polk County, Iowa. AND Lot 1, Glendale Oaks Plat 2, an official subdivision in Johnston, Polk County, Iowa. Section 2. That if any section, provision or part of this ordinance shall be adjudged invalid or unconstitutional, such adjudication shall not affect the validity of the ordinance or any section, provision or part thereof not adjudged invalid or unconstitutional. Section 3. That all ordinances or parts of ordinances in conflict herewith be and the same are hereby repealed to the extent of such conflict. Section 4. This Ordinance shall be in effect after its final passage, approval and publication as provided by law. PASSED AND APPROVED this 8 day of October, 2025. Paula Dierenfeld, Mayor ATTEST: Cyndee Rhames, City Clerk Publication Dates LIOW0385784