§ 386.8 — Operation tax

Iowa § 386.8

• Jurisdiction: Iowa
• Title IX: LOCAL GOVERNMENT
• Ch. 386: SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICTS

Text

A city may establish a self-supported improvement district operation fund, and may certify
taxes not to exceed the rate limitation as established in the ordinance creating the district,
or any amendment thereto, each year to be levied for the fund against all of the property in
the district, for the purpose of paying the administrative expenses of the district, which may
include but are not limited to administrative personnel salaries, a separate administrative
office, planning costs including consultation fees, engineering fees, architectural fees, and
legal fees and all other expenses reasonably associated with the administration of the district
and the fulfilling of the purposes of the district. The taxes levied for this fund may also be
used for the purpose of paying maintenance expenses of improvements or self-liquidating
improvements for a specified length of time with one or more options to renew if such is
clearly stated in the petition which requests the council to authorize construction of the
improvement or self-liquidating improvement, whether or not such petition is combined
with the petition requesting creation of a district. Parcels of property which are assessed
as residential property for property tax purposes are exempt from the tax levied under this
section except residential properties within a duly designated historic district or property
classified as residential property under section 441.21, subsection 14, paragraph “a”,
subparagraph (6). A tax levied under this section is not subject to the levy limitation in
section 384.1.

Legislative History

[C77, 79, 81, §386.8]