CHAPTER 8: BLACKHAWK TRAIL URBAN RENEWAL AREA
Section
   1.00   Purpose
   2.00   Definitions
   3.00   Division of taxes
§ 1.00 PURPOSE.
   The purpose of this chapter is to provide for the division of taxes levied on the taxable property in the Blackhawk Trail Urban Renewal Area of the city, each year by and for the benefit of the state, city, county, school districts or other taxing districts after the effective date of this chapter in order to create a special fund to pay the principal of and interest on loans, monies advanced to or indebtedness, including bonds proposed to be issued by the city to finance projects in such area.
§ 2.00 DEFINITIONS.
   For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
   CITY. The City of Eldridge, Iowa.
   COUNTY. The County of Scott, Iowa.
   URBAN RENEWAL AREA. The Blackhawk Trail Urban Renewal Area of the City of Eldridge, Iowa, the boundaries of which are set out below, such area having been identified in the urban renewal plan amendments approved by the City Council by resolution adopted on December 5, 1994: beginning at the northwest corner of northeast quarter of Section 27, then north to the southwest corner of northeast quarter of Section 22, then south along the center line of South Scott Park Road to the south corporate limit to the southwest corner of the east half of northeast quarter of Section 27, then north to the northwest corner of the east half of the northeast quarter of Section 27, then west to the point of beginning.
(Ord. 2023-22, passed 9-18-2023)
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