ORDINANCE NO. 805

ORDINANCE NO. 805 An Ordinance Repealing Ordinance No. 689 Providing for the Division of Taxes Levied on Taxable Property in the Grimes Urban Renewal Area WHEREAS, the City Council (the "Council") of the City of Grimes, Iowa (the "City") previously enacted Ordinance No. 689, dated November 27, 2017 (the "Ordinance"), providing for the division of taxes levied on certain taxable property in the Grimes Urban Renewal Area (the "Urban Renewal Area") pursuant to Section 403.19 of the Code of Iowa; and WHEREAS, it is now necessary for the Council to take action to repeal the Ordinance; BE IT ENACTED by the City Council of the City of Grimes, Iowa: Section 1. Purpose. The Ordinance is hereby repealed, and the division of incremental property tax revenues from the Urban Renewal Area under the Ordinance is hereby terminated. Section 2. Repealer. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 3. Saving Clause. 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 as a whole or any section, provision or part thereof not adjudged invalid or unconstitutional. Section 4. Effective Date. This ordinance shall be effective after its final passage, approval and publication as provided by law. Passed and approved by the City Council of the City of Grimes, Iowa, on October 28, 2025. Mayor Attest: City Clerk November 5 2025 LIOW0400540